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China vows retaliation if Kevin McCarthy meets Taiwan President Tsai Ing-wen NBC NewsChina Responds To US Visit Of Taiwan's President Tsai Ing-wen | China Taiwan News LIVE | News18 CNN-News18Taiwan president defiant as China warns of US trip reprisal ReutersChina threatens to take 'resolute countermeasures' over meeting between Taiwan's Tsai, House Speaker McCarthy Fox NewsChina warns Taiwan | WION Shorts WIONView Full Coverage on Google News
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The German sportswear company had challenged the advocacy group's bid to trademark its logo, saying the three-stripe design was too similar to its own.
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House lawmakers tear into top bank regulators in second hearing this week on SVB collapse CNBCLIVE: House Financial Services Committee holds hearing on SVB and Signature Bank collapses — 3/29/23 CNBC TelevisionSVB customers tried to withdraw nearly all the bank's deposits over two days, Fed's Barr testifies CNBCCrapo: Setting record straight on bank failures, their causes and what to focus on | Opinion Idaho StatesmanSVB bank run could have far-reaching implications in banking industry and regulation CNBC T
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Adidas had filed an opposition to a Black Lives Matter Global Network Foundation logo, which had three yellow stripes, saying was "confusingly similar" to its own logo.
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Nashville school shooting live updates: Body cam cops called heroes USA TODAYNashville school shooting investigation continues, lawmakers discuss bank issues | LiveNOW from FOX LiveNOW from FOXNashville school shooter legally purchased weapons, suffered emotional disorder: police Fox NewsRepublican Nashville shooter response undermines their crime stats push MSNBCCrack down on guns for the Nashville school shooting, not trans people San Francisco Chronicle
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Adidas AG said it will retract its opposition to campaign group Black Lives Matter's bid to trademark its logo design, which the sportswear company had previously said was too similar to its own.
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 Ex-Starbucks CEO Howard Schultz will testify before a Senate committee Wednesday focusing on Starbucks and unionization.
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BYD Co. doesn't have any current plans to enter the U.S. passenger car market, founder Wang Chuanfu said, throwing cold water on the prospect of the Chinese electric-vehicle maker challenging Tesla Inc. in its home market — for now.
The auto titan, which reported that net income more than quintupled last year after it sold a record number of EVs, said at a post-earnings briefing on Wednesday that its home market of China has already entered a "full-expansion phase" for new-energy vehicles.The US is the next biggest EV market after China, where a price war has erupted between BYD, Tesla and other EV makers. Backed by Warren Buffett, BYD has been expanding its footprint overseas, including into Norway, Denmark, the UK, Thailand and Australia. Wang predicted that the development of clean-energy vehicles will lead to a reshuffling within the global auto industry.
Given that BYD isn't entering the U.S. passenger EV market for now, Wang doesn't foresee any impact from President Joe Biden's Inflation Reduction Act, which offers generous incentives for selling EVs but has stringent requirements on manufacturing and supply-chain sourcing. Final details of the legislation, passed into law last year, are due to be released on Friday.
BYD sold 1.86 million electric and plug-in hybrids in 2022, more than the previous four years combined. It accounted for about 30% of all new-energy vehicle sales in China, with half of them battery-only EVs. In comparison, Tesla delivered 1.31 million EVs globally.
BYD stopped producing cars powered entirely by fossil fuels last year.
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The Energy Information Administration on Wednesday reported that crude inventories fell by 7.5 million barrels for the week ended March 24. On average, analysts forecast a decline of 5.5 million barrels, according to a survey by S&P Global Commodity Insights. The EIA report showed a weekly inventory decline of 2.9 million barrels for gasoline, while distillate supplies edged up by 300,000 barrels. The analyst survey had forecast supply decreases of 4.8 million barrels for gasoline and 2 million barrels for distillates. Crude stocks at the Cushing, Okla., Nymex delivery hub fell by 1.6 million barrels for the week, the EIA said. May West Texas Intermediate crude CLK23 was up $1.01, or 1.4%, at $74.21 a barrel on the New York Mercantile Exchange, little changed from before the supply data.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Alibaba shares soar 15% in Hong Kong on news of major overhaul CNBCAlibaba will split into six units, reshaping Jack Ma's business empire CNNStock Market Today: Dow, S&P Live Updates for March 29 BloombergAlibaba's breakup plan lifts hopes China's tech crackdown is ending ReutersAlibaba's six-way business split is 'a very share-holder friendly move' to unlock value: Analyst Yahoo FinanceView Full Coverage on Google News
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