During a recent meeting between Chinese President Xi Jinping and U.S. national security advisor Jake Sullivan, President Xi expressed Beijing’s desire for a harmonious relationship with Washington. Despite the escalating tensions between the two countries in recent years, Xi reiterated China’s commitment to a stable, healthy, and sustainable relationship with the United States. President Xi
Finance
The Chinese electric car industry is currently experiencing a significant shift in its approach to technology, specifically in the development of in-house auto chips. Companies like Nio and Xpeng are stepping up their game by designing their own chips rather than relying on established players like Nvidia. This change is not only driven by the
The upcoming phone call between U.S. President Joe Biden and Chinese President Xi Jinping is set to take place in the “coming weeks,” according to the White House. This communication is crucial as both nations navigate a complex relationship amid heightened tensions and conflicting positions on various issues. The announcement of the phone call came
Xpeng, a Chinese electric car company, made headlines recently with the launch of its new mass-market Mona brand. The Mona M03 electric coupe, with prices starting as low as $16,812, has generated immense interest in the market. In fact, orders for the Mona M03 surpassed 10,000 within just 52 minutes of its official debut in
The Russell 2000, a small-cap index, has recently been facing some profitability challenges. After registering a solid gain of 10.1% in July, the index has plummeted by approximately 4% in August. According to ALPS’ Paul Baiocchi, this erratic behavior can be attributed to the overall composition of the index. Shockingly, a report from Apollo Global
Federal Reserve Chair Jerome Powell’s policy speech on Friday has caught the attention of the financial markets, with high expectations for clarity on future rate cuts. However, the reality is that the market has already priced in the idea of rate cuts starting in September, with a high probability of continuous cuts through 2025. Despite
In light of the upcoming Federal Reserve’s interest rate decision, more investors are turning their attention to dividend stocks. Paul Baiocchi, the chief ETF strategist at SS&C ALPS Advisors, suggests that this move is a wise strategy given his prediction of the Fed easing rates. According to Baiocchi, investors are transitioning away from money markets
Federal Reserve Chair Jerome Powell recently delivered a keynote address at the Fed’s annual retreat in Jackson Hole, Wyoming, signaling a shift in policy that may include interest rate cuts. Powell emphasized the need for policy adjustments, citing the evolving outlook and incoming data as determinants for the timing and extent of rate cuts. This
Philadelphia Federal Reserve President Patrick Harker has made it clear that he is in favor of an interest rate cut in September. Speaking at the Fed’s annual retreat, Harker emphasized the need to start the process of moving rates down in an effort to stimulate economic growth. This endorsement comes after minutes from the last
British technology entrepreneur Mike Lynch recently made headlines when he was acquitted of fraud charges in a landmark trial involving allegations made by Hewlett Packard. The trial centered around accusations that Lynch had artificially inflated the value of his company, Autonomy, when he sold it to HP for $11.7 billion in 2011. However, just two