Jaguar Land Rover, a British luxury automaker, announced a pause in shipments to the United States in response to President Trump’s 25% auto tariffs, affecting its 38,000 cars exported to the US in the last quarter of 2024. The company cited the importance of the US market and its short-term actions to address the new trading terms, as British luxury carmakers face challenges due to limited production sites. Shares in Tata Motors, the Indian parent company of Jaguar Land Rover, dropped over 9% following the tariff implementation, with the British government considering retaliatory tariffs on US imports.
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Wolfspeed Soared Today — Is the Stock a Buy?
Wolfspeed (NYSE: WOLF) stock surged 8.4% in Tuesday's trading, driven by speculative momentum and chip industry news, despite no specific business updates, following its Chapter 11 bankruptcy filing in June. Remarkably, the stock has risen 273% since the bankruptcy announcement, with early gains reaching 22.9%. Explain It To Me Like I'm 5: Wolfspeed's stock went up a lot today, even though there wasn't any big news, because people are excited about the company and hoping...
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