Elizabeth Anderson
LeapRate Analyst

With over a decade’s experience as a finance writer, Elizabeth Anderson applies her knowledge and experience to keep a finger on the pulse of global trends. Specialising in forex, cryptocurrencies, and stocks, Elizabeth follows the movements that impact the world of trading.
December 29, 2023 BY Elizabeth Anderson

Xiaomi unveils SU7 competing with Tesla and Porsche

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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December 28, 2023 BY Elizabeth Anderson

PwC backs UK economy and predicts a healthy 2024

According to recent data, the BoE’s targets are a little pessimistic when compared to their predictions, especially considering inflation fell to its lowest in two years at 3.9% in November 2023. PwC has warned the BoE that “increased inflationary pressures” will persist in either outcome but that a decrease in global energy prices could help…

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December 28, 2023 BY Elizabeth Anderson

Analysts divided over ether and bitcoin performance race

André Dragosch, head of research at ETC Group, predicted that ether will outperform all other ETFs during 2024, specifically overtaking its ultimate rival, Bitcoin (BTC). Dragosch also noted that ether will able to reserve the underperformance it has seen this year with a new deflationary burn mechanism launched in August 2021, Improvement Proposal EIP-1559. The…

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December 28, 2023 BY Elizabeth Anderson

Baidu’s AI chatbot amassed over 100 million users since August

In November, Baidu reported that Ernie had already attracted 70 million users. The announcement underscores Baidu's efforts to compete with tech giants Tencent and Alibaba in commercialising services similar to ChatGPT in the vast Chinese internet landscape. The increasing user base reflects the growing popularity and adoption of AI-driven chatbots, marking a significant milestone for…

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December 27, 2023 BY Elizabeth Anderson

Tesla is losing EV race to Buffett-backed BYD

According to Bloomberg, China-based BYD is expected to achieve this milestone in the current quarter. China, now a key contender in global passenger car exports, shipped 1.3 million EVs out of 3.6 million total vehicles as of October this year. Despite BYD being relatively unknown outside China, its success is evident through substantial investments, including Warren…

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December 27, 2023 BY Elizabeth Anderson

easyJet share price up 15% this month

Investor sentiment favours the low-cost short-haul airline over IAG, which specialises in longer-haul flights, and experts note that a strong jobs market in Europe is contributing to an increased demand for short-haul air travel. Longer flight times have yet to pick up since the end of the COVID-19 pandemic despite a strong macroeconomic outlook. Don’t…

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December 27, 2023 BY Elizabeth Anderson

Toyota releases promising figures as 2023 curtains close

At the beginning of 2023, Toyota, the largest automaker in the world, set itself the task of selling 10 million vehicles bearing the Lexus and Toyota brands, and as the year comes to an end beside promising data across three continents, the motor company is on track to complete this mission. Data shows that approximately…

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December 22, 2023 BY Elizabeth Anderson

Exness wraps up 2023 with 15-year anniversary celebrations

The broker’s senior management offered insight on “The Future of Exness”, and teased an exclusive launch set to drop in January 2024. The presentations were accompanied by fine-dining and musical entertainment, notably from Context, Who Made Who, Alma Linda, Playtronica Satori, Curiosity Media Lab, and Diana Vishneva. Throughout the evening, management discussed Exness’ future roadmap,…

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December 22, 2023 BY Elizabeth Anderson

Oil prices down by more than $1 after Angolan exit from OPEC

At a stage, brent crude was down 1.63% at $1.30 per barrel. US West Texas Intermediate crude clocked a 1.60% or $1.19 loss. Reportedly, in November, OPEC proposed cutting Angola’s 2024 production quota, which is approximately 1.1 million barrels per day. Reuters quoted a UBS analyst who commented: From an oil market supply perspective, the…

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December 22, 2023 BY Elizabeth Anderson

Hedge fund performance in 2023

Data shows fluctuating market highs and lows put many global hedge funds on the back foot. Moves, such as losses when trading on macroeconomic events drew the shortest straw due to the unanticipated rebound in government bonds. Other investments, such as those related to US tech stocks, hit their marks. Compared to hedge fund performances…

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