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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The stock of Nvidia has been on a rapid rise, with an impressive 179% increase in the last year alone. However, despite this surge, the stock is still 8.8% down from its June 20 high. Analysts seem to be bullish on Nvidia, with 92% rating it as a buy or overweight. The average price target
Amazon is facing the challenge of increasing profits from its retail business, especially with the high standards set by its successful Amazon Web Services (AWS) division. According to research firm MoffettNathanson, the retail operations will need to step up as the profitability of AWS levels off in the coming years. While the analysts believe that
Tax-gain harvesting is a strategy that involves strategically selling profitable assets in your brokerage account during lower-income years to rebalance your portfolio and save on future taxes. This tactic is particularly effective during strong stock market years when the S&P 500 and other indices are performing well. By realizing gains at a 0% capital gains
The number of crypto millionaires in the world has skyrocketed by an impressive 95% over the past year, as reported by New World Wealth and Henley & Partners. Currently, there are 172,300 individuals globally who hold more than $1 million in crypto assets, a significant increase from 88,200 millionaires the previous year. Moreover, the number
As the Federal Reserve contemplates interest rate cuts, another critical concern is looming on the horizon for those in the market for a new home. The National Flood Insurance Program is set to expire on September 30, leading to potential hurdles in buying, selling, or refinancing a property in certain areas. If Congress fails to
Fans of the Dallas Mavericks and New Orleans Pelicans are eagerly awaiting news on how they will be able to watch their favorite teams in the upcoming NBA season. Recent developments have revealed that both franchises are leaving their regional sports networks owned by Diamond Sports, as outlined in a recent bankruptcy court filing. This
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