Top Company News of the Day: Tesla, Fortescue, Salzgitter, GM, Stellantis

Tesla Unveils New Model 3 in China With Longer Range-and a Steeper Price Tag

The sleeker new version has a rear passenger screen and a refreshed range, but isn’t the cheaper offering that some company watchers had expected.

Chinese Property Stocks Gain on Stimulus Measures

Property stocks in mainland China gained after Beijing announced a slew of measures to stimulate the local property sector.

Fortescue’s New Metals CFO Exits Just Days After CEO

UPDATED: The chief financial officer of Fortescue Metals Group’s lucrative mining business has departed after only two months and just days after the division’s chief executive abruptly left the company.

Salzgitter Withdraws Outlook After Aurubis Problems

Salzgitter suspended its earnings guidance for 2023 after its Aurubis unit said thieves had stolen copper with a value in the three-digit-million-euro range, prompting a profit warning.

Where to Find a Deal on Mercedes and BMW

The stocks of the car companies have rarely been cheaper, as investors foresee a deep crisis that may never come.

UAW Accuses GM, Stellantis of Unfair Labor Practices

The union’s president said a complaint with the National Labor Relations Board has been filed citing unfair labor practices by the two automakers.

Why Spectrum Customers Can’t Watch the U.S. Open and College Football

Disney-owned channels go dark for Spectrum viewers amid a carriage dispute between the two companies.

VinFast Stock Keeps Tumbling. Why Short Sellers Aren’t Winning Big.

There are few shares shorted, for good reason.

Dell’s Earnings Blow Past Forecasts. Demand Is Why.

Revenue in the latest quarter was $2 billion higher than the $20.9 billion consensus forecast among analysts on Wall Street. Guidance topped estimates.

Dollar Stores Flash Warning Signs on Consumer Spending

Dollar General and Dollar Tree say shoppers are shifting spending toward food and essentials.

Source: Dow Jones Newswires


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