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Stock Market News Today: Markets struggle for momentum; FedEx surges (SP500)
The major U.S. averages on Wednesday seesawed, as stocks struggled for momentum. A post-earnings surge in global economic bellwether FedEx (FDX) was countered by a sell-off in Treasurys.
The S&P (SP500) was last down 0.02% to 5,468.12 points in aft…
Stock market today: US stocks mixed as investors watch for cues
US stocks were a mixed bag on Wednesday after the S&P 500 and Nasdaq snapped a three-day losing streak, as investors watched for signs of life in the tech-driven rally and weighed the prospects for rate cuts.…
This data comes from the ChinaPu…
Stock market today: US stocks edge lower as investors watch for cues
US stocks slipped on Wednesday after the S&P 500 and Nasdaq snapped a three-day losing streak, as investors watched for signs of life in the tech-driven rally and weighed the prospects for rate cuts.…
This data comes from the ChinaPulse.com m…
Explainer-What’s behind Volkswagen’s $5 billion EV software bet on Rivian?
BERLIN/FRANKFURT (Reuters) – Volkswagen, Europe’s biggest carmaker, plans to spend as much as $5 billion on an electric vehicle (EV) software partnership with U.S.-based Rivian.
Here are some of the key issues around the deal:
WHY IS VOLKSW…
Israeli Spike, DRDO option, back to US for Javelin talks
They said that the US’ dogged pursuit of the deal and failure of the Defence Research and Development Organisation (DRDO) to come out with a credible alternative has turned the wheel back to where it started.…
This data comes from the ChinaPulse….
The rise of Chinese EVs is dividing the West
The U.S. is closing its borders to Chinese EVs before they even launch. The Biden administration last month raised the total tariff rate to 102.5% on Chinese EVs, despite extremely low imports.…
This data comes from the ChinaPulse.com media intel…
Why automakers are backtracking on their ambitious EV game plans
As summer unfolds with spring in the rear-view mirror, sales staff at car dealerships across the country are clearing out inventory to make way for the new 2025 models coming in the fall.…
This data comes from the ChinaPulse.com media intelligenc…
What $7 bn ‘minerals-for-infra’ pact with China could mean for Democratic Republic of Congo
As President of the DRC since 2019, Tshisekedi represents a resource-rich country in the heart of Africa with a population of nearly 100 million and a GDP per capita of $653.7 (World Bank) as of 2022.…
This data comes from the ChinaPulse.com medi…
EU tariffs up to 38.1% may hit BMW’s production of pure electric MINI in China
According to Reuters, the European Union’s recent decision to impose temporary tariffs on Chinese-made electric vehicles could significantly impact the BMW Group’s production plans for its new pure electric MINI models.…
This data comes from the …
EU tariffs up to 38.1% may hit BMW’s production of pure electric MINI in China
According to Reuters, the European Union’s recent decision to impose temporary tariffs on Chinese-made electric vehicles could significantly impact the BMW Group’s production plans for its new pure electric MINI models.…
This data comes from the …