Indian automaker Mahindra & Mahindra has launched a new range of electric vehicles as the country's no. 2 SUV maker by volume looks to boost its market share by entering segments dominated by rivals Hyundai Motor and Toyota. Mahindra launched the smaller sporty BE 6e and luxurious XEV 9e electric SUVs late on Tuesday. With its smaller SUV, Mahindra will enter India's fast-growing compact SUV market, which grew nearly 20% in the first six months of the current fiscal year and is dominated by Hyundai's Creta and Toyota's Urban Cruiser Hyryder - both priced between around $13,000 and $24,000.
Trump's policies may pose medium-term risk to inflation, New Zealand central bank official says
A top New Zealand central banker said on Thursday that U.S. President-elect Donald Trump's economic policies could pose a medium-term risk to inflation though the bank had not conducted any formal modelling on potential impacts. Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway said Trump's policy agenda could result in higher prices and so there could be "more inflation volatility going forward".
CMS proposes new guardrails on Medicare Advantage prior authorizations, marketing
The Biden administration is attempting to push through a slew of reforms to the controversial MA program in its final months in power, though it will need the Trump administration’s buy-in to get them across the finish line.
SF Holding delivers a lacklustre trading debut in Hong Kong amid tepid market sentiment
SF Holding, China's largest courier deliverer often regarded as the nation's equivalent to FedEx, delivered a flat trading debut in Hong Kong amid tepid sentiment, a precursor to a busy week of stock debuts that will add several billion Hong Kong dollars to this year's listing proceeds. Trading under the 6936 code, SF shares rose by as much as 1.2 per cent to an intraday high of HK$35.50, after opening unchanged from its initial public offering price (IPO) of HK$34.30. The shares ended the day u
Pepe Set to Join Dogecoin, Shiba Inu As Multi-Billion Dollar Meme Coin By 2025: 'Massive Breakout' Coming Soon, Trader Predicts
Recent listings on Coinbase and Robinhood have invigorated bullish sentiment about Pepe, with traders calling for new all-time highs to come soon. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Pepe (CRYPTO: PEPE) $0.00001833 $7.7 Billion +1.8% -9.2% Dogecoin (CRYPTO: DOGE) $0.3934 $57.8 Billion +4% +0.99% Shiba Inu (CRYPTO: SHIB) $0.00002499 $14.7 Billion +4.2% +1.9% Trader Notes: Crypto trader MaxBecauseBTC sees Pepe standing out in the meme coin space, predicting it will join Dogec
MicroStrategy 2X ETF Adds Options Amid Crypto Swings
MSTU ETF’s options debut offers investors tools to manage volatile MicroStrategy stock linked to bitcoin.
Chinese Stocks Jump as Stimulus Hopes Rise Ahead of Key Meeting
(Bloomberg) -- A rebound in Chinese stocks accelerated in afternoon trading amid speculation that a key economic meeting expected in December may unleash more stimulus. Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesChina’s CSI 300 Index closed 1.7% higher, posting its b
Stocks, dollar, bond yields fall; economic data, Trump tariffs in focus
(Reuters) -MSCI's global equities index edged lower and the dollar slipped with Treasury yields on Wednesday as investors digested the latest economic data and the potential impact of policies from the incoming U.S. administration, including tariff threats. Oil prices settled close to flat after a large, surprise build in U.S. gasoline stockpiles and worries about the outlook for U.S. interest rates in 2025 countered easing supply concerns from a ceasefire deal between Israel and Hezbollah. In the 12 months through October core inflation, which the Federal Reserve tracks for monetary policy, increased 2.8% after climbing 2.7% in September.
Bitcoin’s Trump-Inspired Rally Is Bad News for Korean Small Caps
(Bloomberg) -- Bitcoin’s breakneck rally since the recent election victory of Donald Trump is piling pressure on a far-flung corner of the capital markets: small cap stocks in South Korea.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldThe cryptocurrency has jumped nearly
Bitcoin last up 5.05% at $96,286
Bitcoin rose 5.05% to $96,286 at 2130 GMT on Wednesday, adding $4,633 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 150.3% from the year's low of $38,505 on Jan. 23.