China has been at the forefront of developing and testing robotaxis in recent years, with local governments in cities like Beijing and Guangzhou allowing domestic players to operate driverless taxi rides for the public. This trend has gained significant traction, leading to an increase in consumer adoption of robotaxis. Platforms like Douyin and Weibo have
Finance
As Wall Street gears up for a new wave of cryptocurrency exchange-traded funds, the focus has shifted to ethereum. The prospect of spot ether ETFs entering the market is imminent pending U.S. Securities and Exchange Commission approval. Bitwise Asset Management’s chief investment officer, Matthew Hougan, is poised to dive into this burgeoning market segment. He
Bill Gross, a longtime investor, has raised concerns about Tesla’s recent behavior in the stock market. He believes that Tesla is starting to resemble a speculative play commonly seen among retail investors. Gross pointed out that Tesla is exhibiting characteristics reminiscent of a meme stock, with “sagging fundamentals” and a surge in price action. This
The U.S. Federal Reserve is contemplating cutting interest rates, a move that could have significant implications for the American travelers heading abroad. Interest rates play a crucial role in influencing the strength of the U.S. dollar in the foreign exchange market. Generally, when U.S. interest rates are on the rise relative to those of other
China’s consumer price inflation for June rose by 0.2% year-on-year, which was lower than the expected 0.4%. This indicates that consumer prices did not increase as much as anticipated. The fact that inflation fell short of expectations could be a sign of weak consumer spending or subdued economic activity in the country. On the other
President Joe Biden is facing speculation from Stifel, with a 40% chance that he will not seek reelection. The firm’s chief Washington policy strategist, Brian Gardner, believes that it is a “make or break week” for the president’s campaign as Congress returns from its Fourth of July recess. Despite this uncertainty, Gardner also noted that
When deciding whether to rent a car for a road trip, vehicle capacity is a critical factor to consider. It is essential to ensure that the rental car can accommodate all passengers comfortably. Additionally, specifications like two-wheel-drive versus four-wheel-drive and storage space for luggage and gear should be taken into account. Choosing a rental car
China is currently in discussions with the European Union in hopes of reaching an agreement on the bloc’s planned tariffs for imported Chinese electric cars. The European Commission had previously announced that if negotiations were not successful, additional duties on imported Chinese EVs would be imposed starting on July 4, with “definitive measures” taking effect
The market for initial public offerings in Hong Kong is expected to see a significant improvement over the next five years, with George Chan, global IPO leader at EY, expressing optimism about the upcoming trend. Despite recent challenges such as high U.S. interest rates, regulatory scrutiny, slower economic growth, and U.S.-China tensions affecting Greater China
The American Reshoring ETF (RSHO) is a unique exchange-traded fund that focuses on U.S. manufacturing job resurgence. Maurits Pot, the CEO and founder of Tema ETFs, is the mastermind behind this innovative investment vehicle. Pot believes that we are witnessing the early stages of a trend towards deglobalization, with a strong emphasis on job creation,