Oil prices fall on a weaker-than-expected growth forecast fr💧om China, Tesla slashes EV prices, and Amazon closes s🐓ome cashierless stores to cut costs. Here’s what investors need to know today.

1. Oil Prices Fall on Weaker-Than-Expe﷽cted 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 expectations 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 final mo🌃nth 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 Bri♍tish chip designer is expected to file paperwork for the IPO in late April.

4. U.S. Senator Mark Warner to Introduce Bill T🤡aking Aim at Foreign Technolo🐟gy

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 Cashierless💙 Stores in Some 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开奖号码历史查询:ecommerce giant announced plans to cut 18,000 jobs.