Pictured here is a BYD factory producing new energy-powered trucks in Huai'an, China, on February 21, 2024.Nurphoto | Nurphoto | Getty ImagesBEIJING โ China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.Retail sales rose by 2.3% in April from a year...
Category: Finance
Tesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China.CNBC | Evelyn ChengSHANGHAI โ Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla's comparable Model Y.Deliveries for...
Freetrade, Britain’s answer to Robinhood, says its CEO is stepping down
Adam Dodd, co-founder of wealth technology app Freetrade, is stepping down as CEO.FreetradeLONDON โ The boss of U.K. stock trading service Freetrade is stepping down and leaving the company with immediate effect, the company told CNBC exclusively Monday.Adam Dodds, who co-founded the company with business partners Davide Fioranell and Viktor...
This inflation-focused ETF may be in a sweet spot
It's an exchange-traded fund designed to profit from higher rates.But even if the Federal Reserve starts to cut this year, Horizon Kinetics' James Davolos thinks his firm's Inflation Beneficiaries ETF (INFL) is in a sweet spot. "We're actually going into the mature phase of inflation," the firm's portfolio manager Davolos told...
European companies in China are under pressure from slower growth, overcapacity
A robot is producing auto parts on the production line of an auto parts company in Minhou County, Fuzhou, China, on May 7, 2024.Nurphoto | Nurphoto | Getty ImagesBEIJING โ European companies in China are finding it harder to make money in the country as growth slows and overcapacity pressures...