According to a report from Edmunds, 62% of American car buyers will be holding off on purchasing a new vehicle due to elevated interest rates. Will the Federal Reserve's 50-basis-point rate cut kickstart any reaction from auto customers? Yahoo Finance senior autos reporter Pras Subramanian highlights the data indicating how consumers and automakers are feeling about the future rate cuts to come. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
General Motors (GM) electric vehicles have been given clearance to charge at Tesla's (TSLA) Supercharger stations. The automaker is now developing and selling charging adapters to be installed in their customers' vehicles. Josh Lipton and Seana Smith report more on the story. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
Major central banks have started lowering interest rates. With more cuts ahead, experts say it's important to position your investments accordingly.