Xpeng, a Chinese electric car company, made a significant impact with the launch of its new mass-market Mona brand. The Mona M03 electric coupe, priced as low as $16,812, garnered immense popularity, with orders exceeding 10,000 in just 52 minutes after its formal unveiling in Beijing. This success is a clear indication of the company’s
Finance
The recent performance of the Russell 2000 index has raised some concerns about its profitability. Despite a solid 10.1% gain in July, the index has seen a significant drop of approximately 4% so far in August. ALPS’ Paul Baiocchi attributes these volatile swings to the overall composition of the index, pointing out that an estimate
The market is eagerly awaiting Federal Reserve Chair Jerome Powell’s policy speech on Friday, although there is little expectation of any groundbreaking news. The general consensus among investors is that the Fed will begin cutting rates in September and continue to do so through the end of the year and possibly into 2025. While the
Investors seem to be shifting their focus to dividend stocks as the Federal Reserve prepares to make its interest rate decision in September. According to Paul Baiocchi from SS&C ALPS Advisors, this move is a wise one due to the anticipated rate cuts by the Fed. Baiocchi believes that investors are making this shift not
Federal Reserve Chair Jerome Powell recently delivered a keynote address at the Fed’s annual retreat, hinting at potential interest rate cuts in the future. While he emphasized the need for policy adjustment, he refrained from providing specific details on the timing or extent of these cuts. Powell emphasized that the decision to reduce rates would
Philadelphia Federal Reserve President Patrick Harker recently expressed his strong support for an interest rate cut during an interview with CNBC at the Fed’s annual retreat in Jackson Hole, Wyoming. Harker’s stance marks a significant shift in the central bank’s monetary policy, signaling that easing measures are likely to be implemented when officials convene next
British technology entrepreneur Mike Lynch made headlines in June when he was acquitted of fraud charges in a landmark trial over allegations made by Hewlett Packard. The tech giant accused Lynch of artificially inflating the value of his company, Autonomy, when he sold it for $11.7 billion in 2011. Despite his acquittal, Lynch’s troubles were
The comparison between the total cost of ownership for electric vehicles (EVs) and traditional gasoline cars is a critical factor for consumers considering making the switch to electric transportation. While EVs have the potential to be more cost-effective over the long term, there are several variables that can influence this decision. Factors such as upfront
As the market experiences increased volatility, investors are constantly seeking ways to protect their assets while still maintaining exposure to potential gains. One such strategy that has gained attention is the use of buffer exchange-traded funds (ETFs). These buffer ETFs offer investors a level of protection from market downturns while allowing them to participate in
Chinese electric car brand Zeekr has made a significant announcement regarding their latest innovation in battery technology. They have introduced new batteries that claim to have the fastest charge in the world, aiming to address consumer concerns regarding battery driving range and charging convenience. Ultra-Fast Charging Capability According to Zeekr, their new batteries can go