On Tuesday, Tesla Inc. raised the prices of its electric vehicles in China and the United States, the second increase in less than a week. Subsequently, the Chinese Model Y Long-Range vehicle now costs $58,952.68. It added $2,822.60 from its March 10 value, when its price went up by $1,568.16. Likewise, the price tag of …
Shares of Moderna Inc. stepped higher on Monday’s extended trading as China battles its worst Covid outbreak since 2020. The biotechnology company increased by 1.89% or 2.83 points to $152.90 per share. It followed a gain of 8.59% or 11.87 points to $150.07 per share. The firm’s stock had surged nearly 20.00% in the morning, …
Moderna stocks rise as China’s Covid cases surge Read More »
Shenzhen, the largest city in the manufacturing hub of Guangdong province, told all businesses not affected by essential public services to suspend production or have employees work from home for a week beginning Monday. The production breaks include Apple supplier Foxconn, which declared in a statement to CNBC its factories in the city would stay …
Is that a default? From Russia’s point of view, they are fulfilling their obligations. Finance Minister Anton Siluanov spoke in an interview with state TV aired on Monday. Western sanctions over events in Ukraine have slashed Russia off from critical parts of global financial markets. They have frozen almost half of the country’s $640 billion …
On Monday, Apple Inc suppliers reduced their operations in China amid the tighter measures to stem a Covid-19 outbreak. Shenzhen, known as the country’s Silicon Valley, currently carries out mass testing amid the surge of infections. Subsequently, its southern tech hub reported 60 new local cases with confirmed symptoms. It is the most significant figure …
Oil prices skyrocketed after Russia invaded Ukraine; it hit its highest levels after 2008; however, it has pulled back a bit this week, wishing that some producing countries may act to improve supply. However, worries about escalating bans on Russian oil persisted and were back in focus likewise on Friday. Brent crude futures rose $2.86, …
On Monday, Hong Kong stocks significantly edged down as investors monitored a Covid wave in the region. The local health authorities reported 32,430 new Covid-19 cases and 248 deaths yesterday. The government now tries building capacity to deal with the crisis that has swept through care homes. Similarly, China battles its own outbreak, with 1,807 …
The statement from the ECB, which left the door open to an interest rate hike before the close of 2022 as skyrocketing inflation outweighs worries regarding the fallout from Russia’s invasion of Ukraine, briefly sent the euro higher before market sentiment turned negative. The ECB follows other major central banks such as the U.S. Federal …
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