China has been at the forefront of developing and implementing robotaxi services, with major players like Baidu’s Apollo Go making significant strides in the market. While the rise of robotaxis is gaining traction with consumers, it is also causing concern among traditional taxi drivers who fear losing their livelihoods due to increased competition. The trend
Finance
The buzz on Wall Street is all about the impending launch of a new wave of cryptocurrency exchange-traded funds, this time focusing on Ethereum. As the U.S. Securities and Exchange Commission considers approving spot ether ETFs, Bitwise Asset Management’s chief investment officer, Matthew Hougan, is gearing up to make his mark in this burgeoning market.
Bill Gross, a seasoned investor, has raised concerns about the behavior of Tesla stock in the market. He compared Tesla’s current situation to a speculative play among retail investors, noting its resemblance to a meme stock. Despite Tesla’s recent 10-day winning streak and impressive rally following a strong delivery report, Gross questions whether the fundamentals
The U.S. Federal Reserve is contemplating initiating interest rate cuts before the end of the year, a move that could have implications for Americans traveling abroad. The connection between interest rate policy and the strength of the U.S. dollar is crucial to understanding this dynamic. A rise in U.S. interest rates in comparison to those
China’s consumer price inflation for June missed expectations, rising only by 0.2% from a year ago. The producer prices, on the other hand, fell in line with forecasts, dropping by 0.8% from a year ago. This data, released by the National Bureau of Statistics, paints a picture of a slow-moving economy with low inflation rates.
President Joe Biden is facing a critical decision regarding his reelection campaign. According to Stifel, there is a 40% chance that President Biden will not seek reelection. Brian Gardner, the chief Washington policy strategist at Stifel, believes that this week will be a “make or break” moment for the President’s campaign as Congress returns from
When planning a summer road trip, one of the key considerations is the capacity of your vehicle. If you have more passengers than your car can comfortably accommodate, it might make more sense to rent a larger vehicle. Additionally, you’ll need to consider specifications such as two-wheel-drive versus four-wheel-drive and storage space for luggage and
China is currently in discussions with the European Union regarding the EU’s proposed tariffs on imported Chinese electric cars. The European Commission had previously stated that additional duties on Chinese electric vehicles would be imposed if negotiations were not successful by July 4th. The Chinese Ministry of Commerce has expressed hope for a mutually beneficial
The market for initial public offerings (IPOs) in Hong Kong is expected to see significant improvement over the next five years, beginning in the second half of this year, according to George Chan, the global IPO leader at EY. Despite challenges such as high U.S. interest rates, regulatory scrutiny, slower economic growth, and U.S.-China tensions,
The American Reshoring ETF, managed by Tema ETFs CEO Maurits Pot, is a bold bet on the resurgence of U.S. manufacturing jobs. Pot believes that the current trend towards deglobalization is just the beginning and that there is a significant opportunity for job creation through reshoring manufacturing processes. Since its launch in May 2023, the