This investment firm assisted Musk to seal the acquisition deal. Reportedly, Axios indicated a further 11% loss in value after a portfolio update for the Fidelity Blue Chip Growth Fund. X suffered a series of markdowns by Fidelity after it battled to hold onto platform advertisers. After the Twitter takeover, Musk implemented a string of…
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Some prominent therapeutics were featured in the 2023-approval batch. These included Zepbound, an obesity treatment developed by Eli Lilly and Company (LLY), and Leqembi, an Alzheimer's drug from Eisai (ESAYI) and Biogen Inc. (BIIB). On top of the 55 novel drug green lights, the FDA also put its stamp of approval on five gene therapies.…
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While Tesla reported producing 1.35 million cars in the first three quarters of 2023, BYD's production included battery-powered and hybrid models, predominantly in a lower price range than Tesla's solely battery-powered vehicles. Despite a slight miss in annual sales against expectations, BYD's figures reflect a significant presence in the electric vehicle market, with a diverse…
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Despite uncertainty about whether bonds will ignite the same excitement as stocks, these fintechs leverage high Federal Reserve interest rates to attract retail interest. They are introducing features akin to stock trading, including low-cost options, educational tools, user-friendly apps, and fractionalised investments. Public, for instance, has begun allowing customers to invest in smaller portions of…
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According to data from Bloomberg, experts predict the report will show the addition of 168,000 nonfarm payroll jobs in December 2023, when compared to the 199,000 jobs added in November. Other predictions include an unemployment figure to sit at 3.8%, 0.1% higher than that of November’s. The positive investor sentiment that grew in December has…
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The British lending company acquired Crédit Commercial de France, a financial services provider and subsidiary of the My Money Group, more than two decades ago in April 2000. Reportedly, this acquisition amounted to a minimum of €11.08bn. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Reuters indicated that after the sale, My Money…
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Bloomberg reported that Hong Kong’s yardstick for shares dropped by approximately 1.5%. Experts noted the same slide in Taiwan and China. These markets took a further knock when ASML Holdings (ASML), a manufacturer of semiconductors, cancelled several shipments following an alleged request by the Biden Administration. Records show that China’s factory operations dipped to a…
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Cocoa and iron ore performed positively for investors, however, with the former rising to a multi-decade high of 72% following difficulties along the supply chain. Iron also rose approximately 55% as China continued to create more houses for its in-demand property sector. Cocoa on the New York Stock Exchange hit a 46-year high and are…
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Nvidia’s AI chips contributed to the company’s revenue growth, which sits at 85% higher than the same period year-over-year, most significantly in Q3 of 2023. Although the company’s net income is 13 times higher than in December 2022, it made the most instrumental gains in Q1, 2 and 3 of this year, and experienced a…
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Positioned as a C-Class performance sedan, the SU7 is based on Xiaomi's Modena Architecture and features HyperEngine electric motors with impressive capabilities. The electric sedan comes in two variants: the dual-motor all-wheel-drive SU7 Max and the single-motor rear-wheel-drive SU7. Key innovations include the use of die casting machines with a clamping force of 9,100 tons,…
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