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Xpeng releases mass-market EV with basic driver-assist for less than $20,000

Chinese electric car company Xpeng has announced that its mass-market brand Mona will start selling cars for less than $20,000.

Published 27 August 2024
Categorised as Finance News

Stocks making the biggest moves premarket: Paramount Global, Cava, JD.com and more

These are the stocks posting the largest moves in premarket trading.

Published 27 August 2024
Categorised as Finance News

Volkswagen China is spending lots of time at Xpeng to make new EVs

German auto giant Volkswagen is spending more time at Xpeng than the other way around, Xpeng co-president Brian Gu told CNBC on Monday.

Published 27 August 2024
Categorised as Finance News

Bitcoin rally helps create more than 84,000 new crypto billionaires in a year

The surge reflects the rapid growth of bitcoin exchange-traded funds, which now have more than $50 billion in assets since their launch in January.

Published 27 August 2024
Categorised as Finance News

BHP CEO expects a turnaround in China’s property sector in year ahead

BHP’s CEO Mike Henry said he expects China’s property sector to see a rebound in the upcoming year on the back of favorable government policies.

Published 27 August 2024
Categorised as Finance News

Increased sausage demand could be worrying signal on the economy

One manufacturer included in the Dallas Fed’s latest survey said growth in the category typically aligns with a slowing economy.

Published 26 August 2024
Categorised as Finance News

Two major investor groups love these stocks, according to Goldman Sachs

Hedge funds and mutual funds piled into a handful of the same stocks last quarter in anticipation of changing market leadership, according to Goldman.

Published 26 August 2024
Categorised as Finance News

Stocks making the biggest moves premarket: PDD Holdings, Boeing, Planet Fitness and more

These are the stocks posting the largest moves in premarket trading.

Published 26 August 2024
Categorised as Finance News

The IRS has a method of ‘last resort’ to collect overdue taxes: Revoking your passport

The State Department can deny a passport application or revoke an active passport if the IRS certifies a tax debt as “seriously delinquent.”

Published 25 August 2024
Categorised as Finance News

China’s earnings season is wrapping up. How to play what’s next

Major Chinese companies’ latest quarterly reports reinforce how the local market is one for stock pickers.

Published 25 August 2024
Categorised as Finance News

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