Morning Brew Daily Wait, College is Getting Cheaper? & BYD is Outselling Tesla
Nov 1, 2024
Discover the surprising trend of declining college tuition costs, shifting the narrative about education expenses. The UK announces a bold tax hike to close the economic gap with the US. Meanwhile, BYD surpasses Tesla in electric vehicle sales, hinting at a changing automotive landscape. Chili's thrives in the tough fast-casual dining scene with clever marketing strategies. In the financial world, Super Micro faces a massive stock drop after auditor troubles. Tune in for these insights and more!
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College Tuition Costs Are Decreasing
- College tuition at public and private institutions has become more affordable over the past decade, after accounting for inflation and aid.
- This is partly due to increased funding from federal, state, and local governments, and a smaller pool of prospective students.
UK's Tax Hike on the Wealthy
- Britain's Labour Party introduced a substantial tax increase on the wealthy, aiming to fund public spending and boost the lagging economy.
- Investors are wary, as bond yields jumped, suggesting concerns about the plan's effectiveness in stimulating growth.
BYD Overtakes Tesla in Revenue
- Chinese EV maker BYD surpassed Tesla in total revenue for the first time, driven by record vehicle sales, including hybrids.
- While Tesla remains the top pure EV seller, BYD's success signals increased competition in the global EV market.