) are moving lower after the German auto company reported mixed second quarter earnings, missing out on profit expectations which fell year-over-year. The automaker is facingYahoo Finance senior autos reporter Pras Subramanian joins Catalysts to break down Volkswagen's results and that it means for the company moving forward.
I'm curious from your perspective, if you have derived sort of a thesis about the auto space throughout this earning cycle so far, given that this is just the latest print in the sector that seems to be relatively mixed.But does this feel like one of the worst quarters that we've seen in autos, at least in your career in your coverage?
Uh pressure on pricing those high prices of thing that the automakers enjoy for quite some time because inventory now are rising.So sales are kind of coming down, people want more incentives and that's gonna hurt margins. So in the auto space, there are some winners but you kind of got a look and they're not usually the usual suspects either pro that was awesome.British citizen among high-profile prisoners released in massive swap between Russia and the West
Gold futures are rising in Thursday's trading session, as commodity markets react to Federal Reserve Chair Jerome Powell's dovish comments regarding the outlook for rate cuts. Yahoo Finance senior markets reporter Ines Ferré breaks down how potential rate cuts in September could positively influence gold prices. For more expert insight and the latest market action, click here to watch this full episode of Catalysts.
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