Xpeng’s flying car division, Xpeng AeroHT, has launched construction of a 180,000-square-metre manufacturing plant in Guangzhou, targeting the production of its newly unveiled modular flying car, the Land Aircraft Carrier (LAC). Set for completion by 2026, this facility will have a capacity to manufacture up to 10,000 units annually. After…
Waaree Energies, a leading solar panel manufacturer, made a strong stock market debut with a nearly 70% premium over its issue price, reflecting investor confidence in India’s booming renewable energy sector. Listing at Rs 2,550 on the Bombay Stock Exchange (BSE), the shares marked a 69.66% gain and later reached…
Advanced Micro Devices (AMD) stock price has continued to underperform other big names in the semiconductor industry like NVIDIA and Taiwan Semiconductor as concerns about its business and valuation remain. It was trading at $156 on Friday, down by over 30% from its highest point this year, giving it a…
Banco Bisa has unveiled a custody service for the USDT stablecoin, marking a significant step towards the mainstream adoption of cryptocurrencies in Bolivia. This new offering allows clients to securely buy, sell, and transfer USDT, enabling them to hold their assets, make international payments, and send money to family members…
The Trump Media & Technology (DJT) and Phunware (PHUN) stock prices has done well in the past few weeks, making them some of the best performers on Wall Street. Phunware shares surged to a high of $14.57 last week, its highest level since March 5th, and 400% above its lowest…
China’s gold consumption slipped more than 11% on a year-on-year basis for the January-September period due to higher prices. China consumed 741.732 tons of gold, down 11.2% year-on-year during the first three quarters of 2024, the China Gold Association said on Monday. The Asian giant is one of the top…
US benchmark equity averages rose on Friday as the market ended a three-day losing streak. At the time of writing, the Dow Jones Industrial Average was up 0.3%, while S&P 500 rose 0.8% from the previous close. The Nasdaq Composite gained more than 1.3% on Friday. Nasdaq and S&P 500…
After years of welcoming immigrants to tackle labour shortages and boost economic growth, Canada is shifting gears. On October 24, Prime Minister Justin Trudeau’s government announced plans to cut immigration, citing the strain on housing, jobs, and public services. This marks a significant policy reversal from a country known for…
China’s central bank, the People’s Bank of China (PBOC), has announced the expansion of its monetary policy tools by introducing an outright reverse repurchase agreements (repos) facility. This monthly tool will allow banks and non-bank institutions to borrow against sovereign, local government, and corporate bonds, with agreements set to last…
Gold prices were under pressure on Monday as the dollar and US Treasury yields rose, denting demand for the precious metal. Easing concerns over a bigger conflict in the Middle East also dampened safe-haven demand for the yellow metal on Monday. At the time of writing, the December gold contract…