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
Finance
The Russell 2000, a small-cap index, has experienced a rollercoaster ride in the past few months. Despite a solid gain of 10.1% in July, the index has dropped approximately 4% in August. This volatility can be attributed to the overall composition of the index, with an alarming 40% of companies reporting negative earnings. This concerning
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
The anticipation of the Federal Reserve’s interest rate decision in September has led to more investors turning their attention towards dividend stocks. According to Paul Baiocchi of SS&C ALPS Advisors, this shift is a strategic move considering his belief that the Fed will be easing rates in the near future. Baiocchi, who serves as the
Federal Reserve Chair Jerome Powell, during his address at the Fed’s annual retreat in Jackson Hole, Wyoming, hinted at potential interest rate cuts in the future. While he did not provide specific details regarding the timing or extent of the cuts, he emphasized the need for policy adjustments. Powell acknowledged that the direction towards rate
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
British technology entrepreneur Mike Lynch made headlines in June when he was acquitted of fraud charges in a trial brought on by Hewlett Packard. However, just two months after his acquittal, Lynch’s name was once again in the news, this time for his mysterious disappearance after a superyacht, named the Bayesian, sank off the coast
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