Oil prices fall on a weaker-than-expect𓃲ed growth forecast from China, Tesla slashes EV prices, and Amazon closes some cashierlesౠs stores to cut costs. Here’s what investors need to know today.

1. 🌃Oil Prices Fall on Weaker-Than-E🍬xpected China Forecast

Oil prices are lower following a lower-than-expected Chinese economic growth forecast. China said economic growth would come in at around 5% for the year, below market expꦺectations of 5.5% growth for the world’s second-largest oil consumer. Light sweet crude is down 1.6% at $78.44 per barrel.

2. Tesla Slashes Prices, Again

Tesla slashed prices of its Model S and Model X in the U.S. for the second time this year. The cuts of $5,000 and $10,000, respectively, come as the company seeks to boost demand in the f𝓀inal month of the quarter.

3. Arm Could Raise $8 Billion From a U.S. IPO

Softbank’s chip designer, Arm, is expected to raise at least $8 billion from a U.S. initial public offering (IPO) later this year. The Briti𝄹sh chip designer is expected to file paperwor﷽k for the IPO in late April.

4. U.S. Senator Mark Warner to Introduce Bill Ta🤡king Aim at Foreign Technology

U.S. Senator Mark Warner said he is introducing a bill this week outlining an approach to prohibiting foreign technology in the U.S. like the popular video-sharing app TikTok. Warner says he is concerned about content and data privacy on the platform owned by ByteDance, which is based in China and privately held.

5. Amazon Closes Cashierl﷽ess Stores in S💦ome Cities

Amazon is closing its cashierless stores in New York City, San Francisco, and Seattle in the latest move at cost-cutting. Separately, the company said it would push back the start of construction for the next phase of its Virginia headquarters, months after the 澳洲幸运5官方开奖结果体彩网:ecommerce giant announced plans to cut 18,000 jobs.