Finance

Xpeng, a Chinese electric car company, made headlines with the launch of its new mass-market Mona brand. The Mona M03 electric coupe, priced at $16,812, garnered over 10,000 orders within the first 52 minutes of its formal launch in Beijing. This budget-friendly price point significantly undercuts Tesla’s cheapest Model 3, attracting a wave of attention
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As investors eagerly wait for Federal Reserve Chair Jerome Powell’s upcoming policy speech, it seems that the market sentiment is already set in stone. The prevailing belief is that the Fed will commence cutting rates in September, with subsequent reductions expected to continue throughout the rest of the year and possibly into 2025. While uncertainties
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Philadelphia Federal Reserve President Patrick Harker expressed strong support for an interest rate cut in September, marking a significant shift in monetary policy. This endorsement comes in the wake of the Fed’s annual retreat in Jackson Hole, Wyoming, where Harker emphasized the need for a methodical approach to easing rates. Harker’s statement follows the release
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When considering purchasing a vehicle, the cost is often a significant factor that comes to mind. Electric vehicles (EVs) have been gaining popularity due to their lower long-term costs compared to traditional gasoline-powered cars. While EVs may have a higher upfront cost, the overall lifetime expenses associated with fuel and maintenance tend to be more
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