Automobile manufacturers such as Volkswagen and Stellantis are facing the challenge of weak demand, especially in the electric vehicle market. According to reports, in March of this year, sales of passenger cars in Europe decreased by 2.8%, marking the largest decline since July 2022 and the first decline this year.
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Recently, US Treasury Secretary Janet Yellen, who just ended her visit to China, once again mentioned China's "overcapacity" in an interview with CNN, and vowed that "we will not give up any possible countermeasures."
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On April 19, the news of Israel's attack on Iran made global assets "nervous", and the continued tension in the Middle East made US stock futures plunge, Nasdaq 100 index futures fell more than 2%, S&P 500 index futures fell 1.5%, and Dow futures fell more than 1%. At the same time, the crude oil market has not been spared, oil prices have shown signs of soaring today, Brent crude oil above $90 / barrel, up 3.7%, WTI crude oil once rose 4%.
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According to media reports, electric car maker Tesla sent an email to all employees on Monday, announcing that the global layoffs of more than 10 percent, about 14,000 employees, in some positions the reduction is closer to 20 percent.
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According to the latest report released by International Data Corporation (IDC), in the first quarter of 2024, under the strong impact of Chinese rivals Xiaomi and Transsion Holdings, Apple's global smartphone shipments suffered a heavy blow, with a year-on-year sharp drop of nearly 10%, losing its top spot in smartphone shipments. Samsung regained its dominant position in the global smartphone market, and its market share rebounded to over 20%.
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On April 16th local time, Tesla's US stock market plummeted by 5.59% to close at $161.48, and its market value evaporated overnight by $30.4 billion, equivalent to approximately RMB 220 billion, with a total market value of approximately $523 billion.
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With the rapid development of global science and technology, high-tech products such as semiconductor panels have become a new engine to promote world economic growth. On April 15, according to a number of media and data released by the Korea International Trade Association, South Korea's ITC (information technology and communication technology) product exports in March showed a strong growth trend, an increase of 19.4% year-on-year, which has been the fifth consecutive month of growth.
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On April 15, local time, Tesla's Musk issued a letter to all employees, announcing that Tesla would lay off 10% of its employees worldwide. Musk also wrote in a letter to internal employees: "Profit is obviously not the motivation for Tesla's layoffs, but Tesla needs to reduce costs and make money."
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Two large US dollar chain stores are currently facing difficulties. Recently, Family Dollar announced the closure of nearly 1000 stores, while 99 Cents Only announced its closure.
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The cannabis industry in the United States has developed rapidly in recent years and has become a huge industry, involving many fields such as cultivation, processing and sales.
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Diplomatic efforts are ongoing as US President Donald Trump seeks to secure a ceasefire agreement between Israel and Hamas. Israel has previously accepted the US proposal, while Hamas has "submitted a positive response" to the mediator.
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