Finance

China is experiencing a significant shift in its transportation sector with the rise of robotaxis. As major players like GM’s Cruise and Alphabet’s Waymo have introduced driverless taxis in the US, local Chinese governments have also begun allowing domestic companies to operate robotaxi rides for the public. The introduction of fully autonomous driving taxi experiences
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The world of cryptocurrency exchange-traded funds is about to see a new player: ethereum. With spot ether ETFs potentially entering the market this week pending the approval of the U.S. Securities and Exchange Commission, Bitwise Asset Management’s Chief Investment Officer, Matthew Hougan, is gearing up to seize this opportunity. According to him, the introduction of
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The U.S. Federal Reserve is considering cutting interest rates before the end of the year, which could have implications for American travelers heading abroad. The relationship between interest rate policy and the strength of the U.S. dollar is crucial to understanding this impact. When U.S. interest rates rise relative to those in other countries, it
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Longtime investor Bill Gross has expressed concerns about Elon Musk’s Tesla, stating that the company is exhibiting characteristics of a speculative play among retail investors. He compared Tesla to meme stocks, highlighting sagging fundamentals and a sharp increase in price action. Despite these concerns, Tesla has been on an impressive 10-day winning streak, experiencing a
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China’s consumer price inflation saw a mere 0.2% rise in June compared to the previous year, falling short of expectations. According to data released by the National Bureau of Statistics, the consumer price index was anticipated to increase by 0.4% year-on-year. These figures indicate a slower than expected pace of inflation in the Chinese economy.
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Political analysts at Stifel have raised concerns about President Joe Biden’s chances for reelection in the next presidential race. According to Brian Gardner, the firm’s chief Washington policy strategist, there is a 40% likelihood that Biden will not seek reelection. This perspective comes as a significant development in the political landscape, as Congress resumes its
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China is currently in discussions with the European Union regarding the bloc’s proposed tariffs on imported Chinese electric cars. The European Commission issued a statement in mid-June declaring that if negotiations with China did not progress positively, additional levies on Chinese EVs would be implemented as of July 4. According to a press release, these
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The initial public offering (IPO) market in Hong Kong is anticipated to experience significant improvement over the next five years, starting from the second half of the current year, as per George Chan, the global IPO leader at EY. Despite facing challenges such as high U.S. interest rates, regulatory scrutiny, slower economic growth, and U.S.-China
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