In June, China faced a setback in its import numbers, with a decline of 2.3% in U.S. dollar terms compared to the previous year. This result fell short of expectations for even slight growth, as a Reuters poll had forecasted a 2.8% increase. The lackluster performance in imports has raised concerns about the state of
Finance
China has been making significant progress in the development and adoption of robotaxis in recent years. Companies like Baidu’s Apollo Go are leading the way in offering fully autonomous taxi rides to the public. This growing trend has caught the attention of consumers, as indicated by the increasing popularity of robotaxi experiences on social media
Cryptocurrency exchange-traded funds are gaining traction on Wall Street, with a new wave of ethereum ETFs on the horizon. This development comes as Spot ether ETFs are set to enter the market pending approval from the U.S. Securities and Exchange Commission. Matthew Hougan, the chief investment officer of Bitwise Asset Management, is optimistic about the
The recent discussion around potential interest rate cuts by the U.S. Federal Reserve has sparked concerns about the implications for international travelers. The relationship between interest rate policies and the strength of the U.S. dollar is a critical factor to consider. If interest rates are reduced, it could lead to a weaker dollar, making traveling
Renowned investor Bill Gross has voiced his concerns regarding Tesla’s recent behavior in the market. He believes that Tesla is starting to exhibit traits of a speculative play among retail investors, comparing it to a meme stock with sagging fundamentals and volatile price action. Despite concerns raised by Gross, Tesla has been on a remarkable
China’s consumer price inflation saw a meager rise of 0.2% in June compared to the previous year, failing to meet expectations set by analysts. The consumer price index was anticipated to increase by 0.4% year-on-year, indicating a significant shortfall. On the other hand, the producer price index, reflecting factory-gate prices, fell by 0.8% from the
The uncertainty surrounding President Joe Biden’s decision on seeking reelection is a headline that is currently making the rounds. Stifel, a prominent financial firm, has predicted a 40% chance that Biden will not run for another term. This prediction has raised questions about the effectiveness of Biden’s campaign as Congress resumes its activities post the
Summer is synonymous with road trips, and with a record 70.9 million Americans expected to travel by car during the July 4th holiday week alone, the question of whether to rent a vehicle for your road trip becomes more relevant. According to experts, there are various factors to consider when making this decision. Vehicle Capacity
China is currently in discussions with the European Union regarding the bloc’s planned tariffs for imported Chinese electric cars. The European Commission had previously announced the possibility of imposing additional duties on Chinese EVs if negotiations were unsuccessful. With a looming deadline of July 4, tensions are rising as both parties aim to find a
The market for initial public offerings in Hong Kong is expected to witness a significant improvement over the next five years, according to George Chan, global IPO leader at EY. Despite facing challenges such as high U.S. interest rates, regulatory scrutiny, slower economic growth, and U.S.-China tensions in recent years, Chan remains optimistic about the