What high interest rates, say car shoppers?
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 3 April 2024
⏱️ 1 minutes
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Summary
U.S. car sales soar in Q1; Tesla sales plummet; Disney shareholders to vote on proxy battle; Intel’s production unit loses $7 billion.
Transcript
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| 0:00.0 | What higher interest rates say car shoppers? I'm Nova Safo with a marketplace minute. |
| 0:06.5 | New vehicle sales in the US soared in the first three months of the year up nearly 5% |
| 0:11.2 | compared to a year ago. There was more inventory on lots and the average selling price fell 3.5%. |
| 0:18.0 | But Tesla's quarterly sales globally slumped for the first time in nearly four years, down almost 9%. |
| 0:25.0 | It's facing strong competition in China from cheaper EVs built by local automakers. |
| 0:30.0 | It's decision day for Disney's shareholders, They're voting on a challenge from activist |
| 0:34.7 | investor Nelson Peltz who wants to join the media conglomerates board of directors. |
| 0:39.9 | He has argued that changes, such as making fewer sequels sequels are needed to improve financial results. |
| 0:46.1 | Intel's operating losses at the chip manufacturing business last year grew to $7 billion. |
| 0:51.8 | The company's CEO forecast an even worse 2024 as some of its older chip-making tools |
| 0:57.0 | slow it down. It's been outsourcing some production. |
| 1:00.0 | I'm Novisavo with a marketplace minute. |
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