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Porsche Plans 20% Price Hike On Top-End 911s In Profit Push
Porsche Plans 20% Price Hike On Top-End 911s In Profit Push
During Capital Markets Day in Weissach, new Porsche CEO Michael Leiters offered Wall Street desks a bleak outlook, warning that the turnaround will take time and that operating conditions are unlikely to improve significantly over the next few years.
Leiters signaled to investors a shift toward value over volume. He said the focus is now on prioritizing higher revenue per vehicle and reducing dependence on China.
One such strategy, as Bloomberg reports, is for Porsche to raise average prices for...
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Aug 14, 2026 / Tyler Durden
Saudi Oil Fleet Increasingly Going 'Dark' Due To Houthi Blockade
Saudi Oil Fleet Increasingly Going 'Dark' Due To Houthi Blockade
Via The Cradle
Yemen's maritime blockade on Saudi shipping has pushed the kingdom’s crude exports off the radar in the Red Sea, with tankers forced to turn off their tracking signals to avoid attack and every recent cargo loaded at Yanbu sailing "dark," Reuters reported on Wednesday.
Saudi export volumes can no longer be independently verified as a result of the increased invisibility, with ship-tracking firms issuing conflicting estimates of the same shipments, figures the International Energy Agency (IEA), OPEC, and traders use to...
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Jul 18, 2026 / Tyler Durden
Toxic Wildfire Smoke Begins To Disrupt Local Economic Activity As GOP Senator Readies Canada Sanctions Bill
Toxic Wildfire Smoke Begins To Disrupt Local Economic Activity As GOP Senator Readies Canada Sanctions Bill
Summary:
Questions Swirl Whether Ecoterrorism May Have Accelerated Wildfires
Economic Activity Impacted in Some States
WaPo Warns Smoke Plume To Worsen
GOP Members Blast Canada Over Toxic Smoke; Sanction Bill Against Canada Set To Be Introduced
Toxic Smoke Plume Over Great Lakes, Ohio Valley, Mid-Atlantic, Northeast
Canada's Wildfire Management Failures Choke Millions Of Americans With Toxic Smoke
The Washington Post's Capital Weather Gang reports that deteriorating air quality across the Great Lakes, Ohio Valley, Mid-Atlantic, and Northeast could be "as bad...
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Mar 14, 2026 / Tyler Durden
Mamdani Proposes Massive Estate Tax Exemption Cut From $7M To $750K, Among Other Tax Increases
Mamdani Proposes Massive Estate Tax Exemption Cut From $7M To $750K, Among Other Tax Increases
New York City Mayor Zohran Mamdani is urging Albany to consider a sweeping overhaul of New York’s estate tax, proposing to sharply lower the exemption threshold and dramatically increase the top rate on large inheritances. His plan would cut the exemption from more than $7 million to $750,000 while boosting the highest tax rate from 16 percent to 50 percent, Bloomberg reported.
The idea was included in a policy memo his administration recently shared with state...
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