Rivian Automotive Inc., a major Tesla rival, reported a 23% drop in Q2 vehicle deliveries and a sharp production decline, mirroring Tesla's own weak results as the EV industry faces demand headwinds and policy uncertainty.
#YonhapInfomax #Rivian #Tesla #Q2Deliveries #ElectricVehicle #ProductionDecline #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70605

Hyundai Steel Co. has indefinitely suspended operations at its Pohang No.2 plant from June 7 due to a severe demand slump, reflecting ongoing challenges in South Korea's steel industry.
#YonhapInfomax #HyundaiSteel #PohangPlant #DemandSlump #ProductionDecline #PlantShutdown #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=67072

The US energy sector is reducing drilling activity for the fourth straight week, hitting the lowest rig count since November 2021, despite President Trump’s production boost pledge, as tariff-related demand concerns weigh on output and WTI prices.
#YonhapInfomax #USEnergy #BakerHughes #RigCount #WTI #ProductionDecline #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=64629