Tesla Stock Is Down 60%. How Much Further Could It Tumble?

The growth story at Tesla (NASDAQ: TSLA) is starting to look shaky. After years of ever-rising deliveries of its popular electric vehicles (EVs), the company has crashed head-first into economic reality. Demand for EVs is softening, so much so that traditional automakers are pulling back on their ambitious plans. In China, cheaper alternatives are eating Tesla’s … Read more

US trade chief Tai says taking ‘serious look’ at tools to deal with China

By David Lawder WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai will tell lawmakers on Tuesday that the Biden administration is “taking a serious look” at U.S. trade defense tools to deal with threats posed by China’s trade and economic policies, including a review of Trump-era tariffs on Chinese imports. In excerpts of testimony to … Read more

Pakistan’s premier calls for closer cooperation with Saudi Arabia to enhance investment in Pakistan

ISLAMABAD (AP) — Pakistan’s prime minister called for closer cooperation between Saudi Arabia and his cash-strapped Islamic nation to enhance Saudi investment in his country, a government statement said Tuesday. Shehbaz Sharif made his remarks during a meeting with Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan who arrived Monday in the capital, Islamabad, to … Read more