About a year ago, the used-car business was a rollicking party. The coronavirus pandemic and a global semiconductor shortage forced automakers to stop or slow production of new cars and […]
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Back to news homeWhat’s Behind All Those Tech Layoffs? A New Economic Reality
“High rates are painful for almost everyone, but they are particularly painful for Silicon Valley,” said Kairong Xiao, an associate professor of finance at Columbia Business School. “I expect more […]
Tech Layoffs Continue as Shares Fall and Interest Rates Rise
“High rates are painful for almost everyone, but they are particularly painful for Silicon Valley,” said Kairong Xiao, an associate professor of finance at Columbia Business School. “I expect more […]
That Popular S.U.V. Is Going to Cost You
“It’s been a weird year,” Mr. Drury said.That has driven up the average purchase price of a new vehicle to about $40,000.Inventories of luxury cars are the lowest as buyers […]