In June, China’s imports saw a decline of 2.3% from the previous year, which was unexpected as there were expectations for slight growth. This contrasted sharply with the forecasted 2.8% growth. On the other hand, exports showed a stronger performance than anticipated, with a growth of 8.6% year on year. This exceeded the 8% growth
Finance
China’s endeavor to develop robotaxis has gained momentum, prompting concerns among taxi drivers about their job security in a competitive market. While major players like GM’s Cruise and Alphabet’s Waymo have introduced driverless taxis in the U.S., Chinese cities such as Beijing and Guangzhou have embraced local robotaxi services. The recent surge in popularity of
Wall Street is abuzz with the anticipation of the launch of a new batch of cryptocurrency exchange-traded funds that focus on ethereum. This new development comes as spot ether ETFs are expected to make their market debut in the upcoming week, subject to approval from the U.S. Securities and Exchange Commission. Bitwise Asset Management’s Chief
Given the current economic climate, travelers from the United States could be in for some challenges if the U.S. Federal Reserve decides to reduce interest rates by the end of the year. Interest rate policy plays a significant role in determining the strength of the U.S. dollar, which has direct implications on the purchasing power
Renowned investor Bill Gross has expressed his concerns regarding the behavior of Tesla in the stock market. According to Gross, Tesla is exhibiting characteristics of a speculative play among retail investors, resembling what is commonly known as a meme stock. Tesla has seen a remarkable 10-day winning streak, with shares surging by 43.6% since June
China’s consumer price inflation only rose by 0.2% in June from a year ago, which fell short of expectations. The consumer price index was anticipated to increase by 0.4% year-on-year, highlighting a discrepancy between forecasts and actual data. This underwhelming performance may signal underlying weaknesses in the Chinese economy that could have far-reaching implications. On
Recent speculations suggest that there is a 40% chance that President Joe Biden will not seek reelection, according to Stifel. Brian Gardner, the firm’s chief Washington policy strategist, believes that this week is crucial for the president’s campaign as Congress resumes session after the Fourth of July recess. Gardner expressed his thoughts on CNBC’s “Fast
One of the key factors to consider when deciding whether to rent a car for a road trip is the capacity of your current vehicle. It is essential to assess whether your car has enough space to accommodate all passengers comfortably. In some cases, it may be more practical to rent a larger vehicle if
China is currently in discussions with the European Union regarding the planned tariffs for imported Chinese electric cars. The European Commission threatened to impose additional duties on Chinese EVs if the talks did not progress well by the deadline. Both parties are hopeful of reaching an agreement soon to avoid any disruptions in trade. Chinese
The market for initial public offerings in Hong Kong is poised for a significant upswing over the next five years, a global IPO leader at EY predicts. Despite facing challenges such as high U.S. interest rates, regulatory scrutiny, slower economic growth, and U.S.-China tensions in recent years, there is optimism about a resurgence starting in