China is facing a potential tariff on its imported electric cars by the European Union. The European Commission has threatened to impose additional duties on Chinese EVs if discussions do not progress well, with definitive measures set to take effect in four months. This has sparked concerns and discussions between the two parties regarding the
Finance
The market for initial public offerings in Hong Kong is expected to experience significant improvements over the next five years, according to George Chan, global IPO leader at EY. Despite the challenges posed by high U.S. interest rates, regulatory scrutiny, slower economic growth, and U.S.-China tensions in recent years, there is optimism about a positive
The American Reshoring ETF, created by Tema ETFs CEO Maurits Pot, has been making waves in the investment world with its focus on U.S. manufacturing job resurgence. While some may see this as a trend towards deglobalization, Pot believes that it is the beginning of a new era for local job creation and manufacturing. Launched
China holds a significant portion of the world’s critical minerals supply chain, including tungsten. This metal, known for its hardness and high energy density, plays a crucial role in various industries such as weapons, autos, electric car batteries, semiconductors, and industrial cutting machines. Chipmakers like Taiwan Semiconductor Manufacturing Company and Nvidia rely on tungsten for
Passion tourism, a trend that revolves around people’s personal interests and cultural events, is on the rise among Americans. The recent example of Americans traveling abroad to attend Taylor Swift concerts highlights the growing interest in combining travel with passion. From London to Amsterdam, fans are making an effort to see their favorite artist perform
Chewy’s shares saw a surge in value after it was revealed in a Securities and Exchange Commission filing that meme stock trader Keith Gill, also known as “Roaring Kitty”, had acquired over 9 million shares of the pet food e-commerce retailer. This purchase represented a 6.6% stake in the company, making Gill the third-largest shareholder
In the ever-evolving world of finance, experts are predicting a bullish move for both value and growth stocks in the second half of the year. Todd Rosenbluth, from VettaFi, believes that value stocks, which have been trailing behind, could see a boost from the FTSE Russell’s annual rebalancing. According to Rosenbluth, the dominance of growth
JPMorgan Chase, the largest U.S. bank in terms of assets, recently announced an increase in its quarterly dividend by 8.7% to $1.25 per share. In addition, the banking behemoth authorized a new $30 billion share repurchase program. This bold move showcases JPMorgan Chase’s commitment to rewarding its shareholders while also demonstrating confidence in its financial
Warren Buffett, the renowned investor and philanthropist, recently made headlines with his largest annual donation ever. In a generous act of giving, he contributed $5.3 billion in Berkshire Hathaway shares to five different charities. This significant donation showcases Buffett’s commitment to philanthropy and his desire to make a positive impact on the world. The beneficiaries
Apple’s highly anticipated mixed-reality headset has finally hit the shelves in China, but with a staggering 18% increase in retail price compared to the U.S. market. The disparity in pricing has raised eyebrows among Chinese consumers, with many questioning the rationale behind the higher cost. A customer in Beijing, identified only as Chen, went as
