Chinese EV startups hit record May sales as price war squeezes rivals
China’s electric vehicle market is undergoing a sharp shake-up, with May data revealing a growing divide between industry frontrunners and struggling startups. Leapmotor and Aito, both backed by major legacy…
India’s Maruti Suzuki sees no immediate impact from China rare earth magnet ban
India’s leading car manufacturer, Maruti Suzuki, stated on Monday that the recent export restrictions imposed by China on rare earth magnets, a crucial component in their vehicles, have not yet…
Tesla not interested in local electric vehicle production says India minister
India’s Minister for Heavy Industries, H.D. Kumaraswamy, announced that Tesla has expressed no interest in manufacturing electric vehicles (EVs) within the country. The automaker is currently planning to import cars…
Home Depot to cap foreign sourcing at 10% by 2026
Home Depot Inc (NYSE: HD) is taking a markedly different approach from many U.S. retailers as new tariff threats loom. Speaking in a CNBC exclusive interview, CFO Richard McPhail said…
Top crypto price predictions: Flare, Horizen, Cookie DAO
Top crypto prices were mixed on Monday morning, continuing the recent trend in the cryptocurrency market. Bitcoin’s price held steady above $105,000, while Ethereum’s price was above $2,500. This article…
Ethereum price prediction for June 2024: will ETH rise to $4k?
Ethereum price had a strong performance in May as it finally made a bullish breakout, and the odds of it falling to $1,000 fell. ETH jumped to a high of…
Will the ECB rate cut drive the DAX Index to an all-time high?
The DAX Index has jumped in the past few weeks and is hovering at its highest point on record. It rose to a record high of €24,320, up by over…
EUR/USD forecast: carry trade emerges ahead of ECB rate cut
The EUR/USD exchange rate will be in the spotlight this week as the European Central Bank (ECB) delivers its interest rate decision and as the US publishes its nonfarm payrolls…
USD/TRY analysis as Goldman Sachs warns on lira carry trade
The Turkish lira has slipped against the US dollar as Goldman Sachs analysts warned about the best-performing carry trade. The USD/TRY exchange rate was trading at 39.25, up by 11%…
DXY: Will the US dollar index crash as Morgan Stanley predicts?
The US Dollar Index (DXY) has moved into a correction after falling by 10% from its highest point this year, and Morgan Stanley believes it has more downside to go…