Chinese electric car companies are stepping up their game by entering into a new battleground: chip-powered tech features. The likes of Nio and Xpeng have recently announced that their in-house designed auto chips are ready for production, marking a significant shift in the industry. While many major Chinese electric car manufacturers have previously relied on
In the midst of escalating tensions between the United States and China, President Joe Biden and Chinese President Xi Jinping are scheduled to have a phone call in the upcoming weeks. This announcement was made by the White House, coinciding with U.S. national security adviser Jake Sullivan’s visit to Beijing to meet with China’s top
Salesforce reported a 4% increase in shares following their robust fiscal second-quarter results. The company surpassed earnings per share expectations, reporting $2.56 adjusted vs. $2.36 expected, and revenue of $9.33 billion vs. $9.23 billion expected. This strong financial performance highlights the company’s ability to deliver value to its stakeholders and maintain its competitive edge in
The U.S. Department of Education recently unveiled plans for the rollout of the 2025-26 Free Application for Federal Student Aid (FAFSA). The department announced that the FAFSA would be made available to specific groups of students in a series of beta tests beginning on Oct. 1, with full access for all students and contributors expected
Last week, mortgage rates experienced a decline for the fourth consecutive week. Despite this, the response from both existing homeowners and potential homebuyers was lackluster. The Mortgage Bankers Association reported that total mortgage application volume only increased by 0.5% compared to the previous week. The average contract interest rate for 30-year fixed-rate mortgages with conforming
In the first half of 2024, the toy industry faced a challenging time due to inflation, leading to a decline in sales. However, amidst this downturn, Lego managed to defy the odds and experience a remarkable 13% increase in revenue. This surge amounted to 31 billion Danish krone, equivalent to about $4.65 billion. Niels Christiansen,
JD.com, a prominent Chinese online retailer, recently announced a $5 billion buyback, leading to a 1.2% increase in its Hong Kong-listed shares. This positive response contrasted with the overall decline in the Hang Seng index, indicating investor confidence in the company’s strategic move. Similarly, JD.com’s U.S. listed shares rose by 2.24% following the announcement, despite
Xpeng, a Chinese electric car company, made waves in the automotive industry with the launch of its new mass-market Mona brand. The Mona M03 electric coupe, priced starting at $16,812, captured the market’s attention with over 10,000 orders within just 52 minutes of its formal debut in Beijing. Following the launch of the Mona brand,
The stock market has been experiencing some modest rises recently, with Tuesday showing a positive trajectory. Nvidia has been a key player in this movement, with a significant increase in its stock value over the past year. The stock is currently 8.8% from its June 20 high, showcasing a strong performance over time. Nvidia has
As consumers eagerly await the Federal Reserve’s decision to cut interest rates in September, another significant issue looms on the horizon that could impact the real estate market. The National Flood Insurance Program (NFIP), the largest flood insurer in the U.S., needs to be reauthorized by September 30th to continue issuing new policies or increasing