Chinese electric vehicle start-ups Nio, Xpeng and Li Auto delivered more cars in March than February even as they faced a number of challenges in the last few weeks.
Chinese electric carmakers are grappling with a rise in Covid cases in China, which threatens to disrupt production and deliveries, while raw material costs continue to increase.
Nio, Xpeng and Li Auto shares were higher in U.S. pre-market trade.
U.K. Finance Minister Rishi Sunak has asked the Royal Mint to create and issue the NFT “by the summer,” a government minister said Monday.
City Minister John Glen announced a number of steps the U.K. will take to bring digital assets under more regulatory scrutiny.
He says the government wants Britain to “lead the way” in crypto.
That’s weighing heavily on people’s minds, with 48% thinking about rising prices all the time, according to a CNBC + Acorns Invest in You survey, conducted by Momentive. The online poll was conducted March 23-24 among a national sample of 3,953 adults.
Read MoreDemand for single-family rental homes is soaring, pushing prices to record highs, as Americans continue to want larger homes with outdoor spaces.
Single-family rents gained a record 12.6% year over year in January, according to a new report from CoreLogic. That compares to an increase of 3.9% in January 2021.
Single-family rents soared 38.6% in Miami, up from just 2% the previous January.
Crypto investor Katie Haun has raised $1.5 billion for her new firm after a surprise departure from Andreessen Horowitz last year.
It’s the largest initial fund ever raised by a solo female founding partner, Pitchbook says.
“It feels, honestly, like a lot of pressure. But I think that motivates everyone on the team,” Haun says. “Web3 is the new era of the internet and it deserves a new era of investors.”
Manhattan real-estate sales topped $7 billion in the first quarter, marking the strongest-ever start to a year as the market shows no signs of slowing, according to new data.
The average price of a Manhattan apartment jumped 19% over the previous year’s period, to $2,042,113.
Rising interest rates also have less impact on wealthy buyers, who dominate the Manhattan market. As rates go up, they simply pay more cash.
Biotech company Vertex Pharmaceuticals recently began a clinical trial where it plans to treat 17 participants who have Type 1 diabetes with new insulin-making cells derived from stem cells. The first patient in the trial, Brian Shelton, has had positive results. After 150 days, Shelton was able to reduce the amount of insulin he injects by 92%.
Read MoreThe gains came as traders continued to eye the latest with ceasefire negotiations in Ukraine and China Covid lockdowns that could wreak havoc on tech supply chains. Investors are anticipating a big Federal Reserve monetary decision Wednesday, in which the central bank is expected to hike rates for the first time since 2018.
Read MoreRetirement savers invested a net $55 billion in Vanguard Group’s Target Retirement Funds in 2021, the most of any asset manager.
Fidelity Investments and BlackRock ranked No. 2 and No. 3, respectively.
The three firms offer among the industry’s lowest-cost TDFs. Investors have been shifting to low-fee funds for several years.
Turkey has been in the spotlight this week with its coastal waters seeing the arrival of two multimillion-dollar superyachts, reportedly belonging to Russian oligarch Roman Abramovich.
With each one worth an estimated $600 million or more, Abramovich is seen stationing $1.2 billion in the non-EU country.
He is seeking to shield his assets from U.S., U.K. and EU governments targeting Russia’s wealthy elite.
Turkey says it’s a legitimate move — so long as the yachts remain outside the territorial waters of sanctioning countries, which extend 12 nautical miles out from the coastline.
The SEC on Monday unveiled a proposal to expand the climate-related disclosures that companies make. Officials think it will help investors make more informed decisions.
Commissioner Allison Herren Lee called climate risk “one of the most momentous risks to face capital markets since the inception of this agency.”
If adopted, the rule could directly impact individuals who buy company stock and corporate bonds. It may indirectly affect investors in mutual funds and ETFs, pensioners and society more broadly.
All three major averages notched second consecutive winning weeks. The Dow ticked up 0.3%. The S&P 500 gained 1.8%, and the Nasdaq rallied nearly 2% week to date.
The S&P 500 is now up about 3.9% higher in March, more than erasing its losses since Russia invaded Ukraine late last month.
The rebound has come even as the war in Ukraine continues and interest rates shoot higher, with the Federal Reserve is set to hike rates several more times this year.
Read MoreExxonMobil has been working with Denver-based Crusoe Energy Systems to mine bitcoin in North Dakota for over a year, according to people with knowledge of the project.
The pilot program, which is operating in the Bakken region, launched in late January 2021 and had begun expanding by July.
ConocoPhillips is pursuing similar work in the same area.
Trading in nonfungible tokens hit $17.6 billion last year, an increase of 21,000% from 2020, according to a report from Nonfungible.com.
NFTs entered mainstream consciousness in a big way, with celebrities and major companies increasingly warming to the market.
People also got better at making money from NFTs, generating a total $5.4 billion in profits through sales of the tokens in 2021.
Elon Musk officially opened Tesla’s first manufacturing facility in Europe on Tuesday as the company looks to take pressure off its other factories in the U.S. and China.
Musk was seen dancing as he presided over the delivery of Tesla’s first German-made cars to 30 clients and their families at the carmaker’s 5 billion euro ($5.5 billion) plant.
Read MoreTraders are betting the Federal Reserve is likely to raise interest rates by a half percentage point at each of its May and June meetings to battle inflation at a faster clip.
Market expectations for a more aggressive, quicker rate hike cycle rose after Fed Chair Jerome Powell’s tough talk on inflation Monday.
The Fed is expected to reach 2.25% on the fed funds rate by the end of the year and a peak of 2.75% by September 2023, according to futures.
“It’s been a fast-forward of a full cycle,” said one strategist.
Shelter, gasoline and food were the largest contributors to inflation in February, the U.S. Department of Labor said Thursday.
These categories are also the biggest components of household budgets. They accounted for 63% of total expenses for the average household in 2020.
Grocery bills and housing costs are rising at their fastest annual rate since April 1981 and May 1991, respectively. Energy costs (which include gasoline) are up the most since July 1981.
