Automakers climb on Trump’s suggestion of tariff relief for car companies

Speaking to reporters on Monday, President Trump suggested that some form of tariff relief could be coming for car companies, which have already been responding to the levies with a combination of price hikes, layoffs, and production shifts.

“I’m looking at something to help some of the car companies... They’re switching to parts that were made in Canada, Mexico, and other places. And they need a little bit of time, because they’re gonna make them here,” Trump said.

Shares of automakers like GM, Ford, and Stellantis spiked on the announcement. Additional tariffs on auto parts are set to take effect on May 3.

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Max Knoblauch

Higher prices, lower sales: Video game giants forecast the impact of the memory crunch

Video game console makers addressed the memory pricing surge this quarter.

Sony DualSense For PlayStation 5 In Starlight Blue Color.

Claire Yubin Oh

bird was the word

10h

Duolingo’s business was supposed to soar with AI — now it’s getting its wings clipped

The language-learning app’s shares have plunged almost 80% in the past year.

Max Knoblauch5/7/26

Used car prices dip in April but remain at 2023 levels as gas prices surge

Used car prices ticked down in April, the first drop in 2026, according to fresh data from Cox Automotive.

Cox’s Manheim Used Vehicle Value Index, which tracks wholesale prices, dipped 1.6% in April from March, but remains around highs not seen since 2023 as shoppers react to surging gas prices.

“Affordability remains front and center, and that’s driving some increased demand for older vehicles... as well as changing the calculus for consumers shopping for EVs,” said Cox’s chief economist, Jeremy Robb.

As reported in March, used car retailers including CarMax have told Sherwood News that gas prices are driving more shoppers to look toward EVs. Cox’s EV index is up 7.2% from April 2025, compared to a 1.1% hike for its non-EV index.

Tom Jones

gear shift

5/6/26

Harley-Davidson hopes getting “Back to the Bricks” will help turn its motorcycle business around

Its ~$1 billion financial services segment has helped keep the company ticking over in the meantime.

Harley-Davidson motorcycles cruising along scenic road during European Bike Week, showcasing vibrant atmosphere and camaraderie among riders

Max Knoblauch5/5/26

Xbox CEO overhauls leadership team with Microsoft AI execs amid sales declines

Microsoft is continuing to shake up Xbox, with gaming chief Asha Sharma (who took over the division suddenly in February) announcing an executive overhaul.

According to an internal memo seen by CNBC, Sharma is bringing four leaders from her former CoreAI group into the Xbox fold, as they have “consumer and technical expertise [Xbox does] not yet have.”

“Right now, it is too hard to ship impact quickly. We spend too much time inward instead of with the community, and we lack the depth we need in some of the fundamentals,” Sharma said in the memo.

Aside from the CoreAI team, David Schloss, a former Instacart growth exec, will take over the subscription and cloud business.

Following Microsoft’s earnings report last week, in which Xbox console sales fell 33% from last year, Sharma said the division had work to do. The company forecast more sales declines for Game Pass and consoles in the current quarter.

Microsoft Xbox CEO overhauls leadership amid sinking sales: 'We need to evolve how we work'

Aside from the CoreAI team, David Schloss, a former Instacart growth exec, will take over the subscription and cloud business.

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