Imani Moise

Roughly 1 million potential buyers have left the new car market since the start of the decade.

And executives don't expect them back anytime soon, as consumers grapple with high interest rates, stubborn inflation, and elevated gas prices.

Ford is up almost 27% for the year, while rival General Motors has risen by less than 4%.

And now you know what's news in markets this week.

You could read about more stocks that moved on the week's news in our live markets coverage on WSJ.com.

Today's show was produced by Anthony Banzi with supervising producer Katie Ferguson.

I'm Imani Moise.

Have a great weekend and catch you next Saturday.

British energy company BP removes its chairman after concerns about bullying.

Plus, the housing market's latest problem, soaring costs for materials like copper.

And Ferrari launched its first electric car, the $640,000 Luce, failed to impress investors.

It's Tuesday, March 26.

I'm Imani Moise for The Wall Street Journal, filling in for Alex Osola.

This is the PM edition of What's News, the top headlines and business stories that move the world today.

We start today's show with leadership turmoil at BP.

The British energy giant has removed its chairman, Albert Manifold.

WSJ has learned that the board was told he was verbally abusive to both junior and senior employees.

The board also believes that he shared privileged information with people who weren't supposed to have it.

Manifold didn't respond to requests for comment.

The company has now had three chief executives and three chairmen since 2023.