Feature

Good Day, Bad Day

The next small thing, liquid assets

GOOD DAY FOR: The next small thing, after Indian automaker Bajaj, France’s Renault, and Japan’s Nissan announced plans to jointly make a small car, starting at $2,500, for the Indian market. The car, code-named ULC, will go head to head with Tata Motors’ $2,500 Nano model. “Bajaj is getting into this because there is a huge market opportunity here,” said analyst Ashutosh Goel at Edelweiss Capital. (Bloomberg)

BAD DAY FOR: Liquid assets
, after the storied Credit Municipal of Paris, the city-owned pawnshop dating back to 1777, started accepting bottles of wine. The Credit Municipal, commonly known as “auntie,” accepts objects worth between about $93 and $3 million. (Los Angeles Times, free registration)

Recommended

Zoomers at work
Man on phone in an office.
Briefing

Zoomers at work

Nvidia's meteoric rise
The Nvidia logo on a smartphone screen
Briefing

Nvidia's meteoric rise

The daily business briefing: May 30, 2023
Elizabeth Holmes, convicted founder Theranos
Business briefing

The daily business briefing: May 30, 2023

Preparing for a layoff
An illustrated image of an office chair covered in a 'dismissed' sign
Feature

Preparing for a layoff

Most Popular

Why are so many boomers homeless?
Homeless person and tents
Today's big question

Why are so many boomers homeless?

Xi Jinping tells national security team to prepare for 'worst-case scenario'
Chinese President Xi Jinping.
Chinese Troubles

Xi Jinping tells national security team to prepare for 'worst-case scenario'

Fossils uncovered in Australia are 107 million-year-old pterosaurs bones, scientists say
Reconstruction of Australian pterosaur.
ptero-sighting

Fossils uncovered in Australia are 107 million-year-old pterosaurs bones, scientists say