Ongoing sell-off in bonds and worries about Isreal-Hamas war escalation are weighing on the market, as it waits for Big Tech earnings. - Fisker cut prices of its high-end Ocean Extreme SUV on Monday, while raising prices on two lower-priced variants, as the firm grapples with a slowdown in electric-vehicle demand and a price war started by dominant player Tesla.
EV startups have borne the brunt of a price war started by Tesla to solidify its foothold in the competitive market in the face of rising borrowing costs and sticky inflation. Luxury electric-vehicle maker Lucid Group had earlier this month launched a cheaper, rear-wheel drive version of the Air Pure sedan starting at $77,400, hoping to drive up demand.A price cap on Russian oil aims to starve Putin of cash. But it's largely been untested. Until now
I traveled on a high-speed train from Florence to Rome for $46, and I'll never choose the standard option again