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
As the market continues to fluctuate, it is crucial for investors to stay informed and keep an eye on potential opportunities. Stocks @ Night provides a daily newsletter that offers insights into the market after hours, offering a glimpse into the future and a recap of the day’s events. This newsletter is a valuable resource
Shares of JD.com, a Chinese online retailer, experienced a 1.2% increase in its Hong Kong-listed shares on Wednesday following the announcement of a $5 billion buyback. This rise in share price contrasted with the decline on the Hang Seng index, showcasing a positive response to the news. On the other hand, U.S. listed shares of
Dallas Mavericks and New Orleans Pelicans fans are eagerly anticipating a new way to watch their local games in the upcoming NBA season. This transition comes as both teams are departing from their regional sports networks owned by Diamond Sports, as stated in a recent bankruptcy court filing. With the NBA season slated to commence
Amazon, known for its dominance in the cloud computing industry through Amazon Web Services (AWS), is now facing the challenge of increasing profitability in its retail business. According to research firm MoffettNathanson, the retail operations of Amazon will need to step up their game as the profitability outlook for AWS eventually levels off. With the
The past year has seen an incredible surge in the population of crypto millionaires worldwide. According to a recent report by New World Wealth and Henley & Partners, the number of individuals holding more than $1 million in crypto assets has skyrocketed by 95%, rising from 88,200 to 172,300. This exponential growth is attributed to
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
For consumers in the market for a new home, the anticipation of the Federal Reserve cutting interest rates has been met with caution as another deadline approaches. By the end of September, the National Flood Insurance Program (NFIP) faces the need for reauthorization to continue issuing new policies or increasing coverage on existing ones. This
In a booming stock market environment, it is essential to consider alternative strategies to rebalance your portfolio and potentially save on future taxes. One such tactic, tax-gain harvesting, involves strategically selling profitable assets in your brokerage account during lower-income years, such as early retirement or periods of unemployment. With the S&P 500 surging more than
When Minnesota Gov. Tim Walz accepted the Democratic vice presidential nomination, he emphasized the crucial role that Social Security survivor benefits played in his family’s life. These benefits provided them with financial support and allowed them to maintain their dignity after Walz’s father passed away from lung cancer when he was just 19 years old.