Economic News: U.S. inflation rises slightly in October
CHICAGO - The U.S. Bureau of Labor Statistics' Consumer Price Index (CPI) report showed that year-over-year inflation rose to 2.6% in October, compared with 2.4% in September. Previously, the Federal Reserve sharply cut interest rates by 0.5 percentage points in September and cut interest rates again by 0.25 percentage points in early November. For 41% of Americans who say the number one economic issue in the recent presidential election is inflation, this CPI report confirms that the Fed's task of reducing inflation to 2% is not yet complete. Here's a breakdown of the different indexes, along with their gains and losses in October (seasonally adjusted last month's change). related. Macroeconomic factors that may affect trade shows Energy Index: 0.0% Energy commodities: -1.0% Gasoline (all types): -0.9% Fuel: -4.6% Energy services: 1.0% Electricity: 1.2% Utility (pipeline) gas services: 0.3% Food index: 0.2% Food at home: 0.1% Eating out: 0.2% All items minus food and energy: 0.3% Goods: 0.0% New cars: 0.0%…
Kia Q3 financial report: Revenue declines slightly but still grows
Kia has reported third-quarter 2024 financial results, with revenue rising but global vehicle sales declining slightly. In the quarter, the company's global sales were 763,693 vehicles, a year-on-year decrease of 1.9% due to the temporary suspension of production due to facility upgrades and product lineup adjustments. Despite these headwinds, Kia's quarterly revenue rose 3.8% to 26.52 trillion won, driven by higher average selling prices (ASPs) and an increase in the share of recreational vehicles and electric vehicles in its product mix. Increase. Revenue and margins remain strong Operating profit in the third quarter was 2.88 trillion won, and operating profit margin was 10.9%, a level that has been maintained for eight consecutive quarters. Kia's profitability was further supported by stable raw material costs, favorable exchange rates and a well-rounded product portfolio, which more than offset one-time provisions related to warranty extensions. After adjusting for these provisions, operating profit will reach 3.51 trillion won, with an operating profit margin of 13.2%.…
Trucking industry improves slightly, but recovers across the board
After 27 consecutive months of declines, the average cost of transporting goods by truck is expected to be This month increased by 0.2% year-on-year. The modest growth has some speculating that the trucking recession may be nearing its end. However, many in the industry remain cautious, waiting for more substantial and lasting signs of recovery before being fully optimistic. Also Read: Embracing Inclusion and Diversity to Address the Trucking Industry’s Workforce Shortage Many in the industry are hesitant to declare a full recovery because interest rates remain weak due to excess capacity. The Morgan Stanley Dry Van Freight Index shows that the 2023 average remains well below the 10-year average, with little improvement in 2024 forecasts. This was exacerbated by a 45% year-over-year increase in Class 8 truck orders, which inflated overall trucking capacity. As a result, rates have struggled, with DAT Freight and Analytics reporting that spot rates for dry trucking have fluctuated between $2.01 and $2.20 per mile…
Suzuki sales in September 2024 – up, but only slightly!
2024 Suzuki Avenis – Glossy Black/Pearl Mila Red Suzuki sales in September 2024 – up 1.22% Suzuki Motorcycle India reported total sales of 99,185 units in September 2024. Compared with 97,994 units in September 2023, this represents a slight increase of 1.22%. This increase reflects stable sales performance despite challenges in the domestic market. Year-over-year (YoY) growth shows continued expansion, albeit at a modest pace. Domestic sales fell in September 2024, falling to 77,263 units from 83,856 units in the previous year. This represents a decrease of 7.86%. The decline in domestic sales highlights ongoing market volatility, but domestic sales accounted for 77.90% of total sales in September 2024. These figures indicate that Suzuki's domestic market share is still considerable, despite a slight contraction. Suzuki Sales September 2024 – Domestic, Export April-September: Suzuki’s domestic sales increased by 71,962 units On the contrary, export sales improved in September 2024, reaching 21,922 units. This represents an increase of 55.06% from September 2023’s…
2025 Cadillac Escalade prices rise sharply, starts slightly lower
The entry-level model will see a $5,700 price increase, while the Escalade-V will see a $6,475 price increase. Cadillac announced that the revamped Escalade will start at $89,590. That represents a $5,700 price increase, but the Escalade-V's starting price has risen by $6,475 to $161,990. The 2025 Escalade features revised styling and a new interior with a 55-inch display. The 2025 Cadillac Escalade features a bold new design and an upscale interior that mimics the Escalade IQ. Given that, it's no surprise that the price has increased by a whopping $5,700. That's a significant increase, meaning the entry-level Escalade Luxury now starts at $89,590. Thankfully, none of the price increases are that dramatic, as the Premium Luxury starts at $98,790, up $2,975. MORE: 2025 Cadillac Escalade gets stunning 55-inch display screen interior The Escalade Sport's price increases by $575, while the Sport Platinum jumps by $5,575, from $113,315 to $118,890. The Premium Luxury Platinum increases by $5,075, while the Escalade-V…
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