It’s Harder for Tesla to Build Wide Presence In China. A Hundred-Thousand Cars Landmark Reached in Only 12 Years, While China’s Xpeng and Nio Took About Half That Time
U.S.-listed start-up Xpeng reported having reached production of 100,000 cars — in just 6 years since the company went public.
U.S. Senate’s McConnell Offers Temporary Solution as Dems Face Series of Debt Filibusters
Yesterday Minority Leader McConnell was briefed by media saying he will offer Democrats several ways to avoid a default on U.S. debt in the coming days.
Share Trading in Embattled China Evergrande Finally Halted in Asia
Today is the day when all lingering doubts and bad anticipations are finally resolved.
NIO Names Keysight Technologies for 5G Connectivity Integration Solution for EV
Chinese battery electric vehicle manufacturer NIO (NIO) chose Keysight Technologies (KEYS) solutions to verify 5G and cellular vehicle to everything (C-V2X) connectivity.
Merkel's party lost the elections in Germany
In Germany, parliamentary elections were held, and votes have been counted.
Federal Reserve Avoided Shock to Equities by Refraining from Naming Day-X for Tapering of Asset Purchases
As expected from its decision yesterday, members pulled forward rate-hike expectations on the dot plot.
Inflation is Ubiquitous and Protracted But Different for Poor and Wealthy
Classic inflation measures like the Consumer Price Index, published by the Bureau of Labor Statistics, are built based on so-called "consumption baskets," in which periodicities are underpinned by relevant annual surveys asking people about their shopping preferences and difficulties. This past summer, bankers and business leaders seemed to be increasingly worried about big and bold unstoppable price inflation nearly halving everyone’s pockets’ contents.
Uranium: Following Suite of Commodities Growth
The price of raw uranium, known as yellowcake, has risen to its highest level since 2014, driven by a newly launched investment trust run by Canadian asset management company Sprott.
China’s Financial Regulator Ordered Ant Group’s Alipay to Uncover its Lending Business and Disclose Borrowers
Official Beijing plans to break up Ant Group’s Alipay and create a separate application for the fintech giant’s loans business.
More Covid Cases in the U.S. among Returning to Schools Children
According to the Washington Post and some other top media, as millions of American students return to classrooms, the U.S. is facing its most significant pediatric COVID-19 surge yet, with a record number of American children now having been tested positive for the virus every week, with nearly 252,000 children in the U.S. tested positive for COVID-19 only during the first week amid the back-to-school season.
Mercedes-Benz launches EQB, up-to-7-seat electric SUV to compete against Tesla Model Y
Mercedes-Benz is launching today the EQB, an electric SUV with up to seven seats, ahead of the IAA Mobility show in Germany.
Hydrogen fuel cell planes are showing promise
The global market-based measure adopted in October 2016 by the countries of the International Civil Aviation Organization will limit the net carbon emissions of international flights between participating countries for the years 2021-2035.
U.S. Inflation Running Twice Fed’s Own Target
The U.S. Office of Management and Budget on Friday revised its inflation outlook for Q4 2021 upward to 4.8%, more than twice the 2% level forecast in May, after the Commerce Department reported consumer prices in July grew more than 4% from a year ago.
Micron Low Market Valuation is not Justified Eyeing Protracted Computer Component Shortages
Chipmaker Micron’s stock could prove to be a strong catch-up trade as a recent WSJ article suggested “Western Digital in Advanced Talks to Merge With Kioxia in $20 Billion-Plus Deal”.