Market Insider

China’s flood of new electric cars cost 20% more to insure than fuel-powered cars

China’s flood of new electric cars cost 20% more to insure than fuel-powered cars

In China, new energy vehicles typically receive green license plates – which is often easier for residents to apply for versus the blue license plate of a traditional fuel-powered car. Vcg | Visual China Group | Getty Images BEIJING — While Chinese companies churn out new electric cars, local insurance firms think they’re more expensive …

China’s flood of new electric cars cost 20% more to insure than fuel-powered cars Read More »

European businesses are rethinking their plans for a ‘closed’ China

Foreign direct investment from Germany to China grew by about 30% in the first eight months of the year from a year ago, China’s Ministry of Commerce said Monday. Vcg | Visual China Group | Getty Images BEIJING — European businesses in China are revaluating their market plans after this year’s Covid controls further isolated …

European businesses are rethinking their plans for a ‘closed’ China Read More »

Stocks making the biggest moves midday: Lennar, Coinbase, Array Technologies and more

A worker at a Lennar home under construction. Justin Sullivan | Getty Images News | Getty Images Check out the companies making the biggest moves midday Monday: DR Horton, Lennar, PulteGroup — Homebuilder stocks moved higher on Monday after KeyBanc double upgraded the sector to overweight from underweight. Analyst Kenneth Zener said that homebuilders, which …

Stocks making the biggest moves midday: Lennar, Coinbase, Array Technologies and more Read More »

Fed meeting ahead will decide whether stocks can stabilize or fall back to bear market lows

The Federal Reserve is expected to raise interest rates by another three-quarters of a point Wednesday, but it is what it signals about future rate hikes that will drive markets. The central bank’s two-day meeting Tuesday and Wednesday comes in a week where investors will also be on high alert for more guidance about corporate …

Fed meeting ahead will decide whether stocks can stabilize or fall back to bear market lows Read More »

China’s retail sales, industrial production beat expectations in August

August was marked by extremely hot temperatures in parts of China, prompting temporary power rationing in some regions. Pictured here on Aug. 24, 2022, is the central city of Chongqing’s skyline with the lights partially turned off to conserve energy during the heatwave. Vcg | Visual China Group | Getty Images BEIJING — China reported …

China’s retail sales, industrial production beat expectations in August Read More »

The big inflation report in the week ahead could determine whether this market rally continues

Stocks could continue their march higher at the start of the coming week, as investors await an important report Tuesday on consumer inflation. The consumer price index for August is one of a number of reports on a busy economic calendar in the week ahead, but it is the one final data points that market …

The big inflation report in the week ahead could determine whether this market rally continues Read More »

The US and China are one step closer to preventing stocks like Alibaba from delisting. What to watch next

The US and China have taken a significant first step toward keeping US-listed Chinese stocks like Alibaba from being forced off US stock exchanges. Holger Gogolin | iStock | Getty Images BEIJING — The US and China recently took a significant first step toward keeping US-listed Chinese stocks like Alibaba from being forced off US …

The US and China are one step closer to preventing stocks like Alibaba from delisting. What to watch next Read More »

China’s electric car firms, which rely heavily on Nvidia, are safe from the US chip ban — for now

Nvidia has found success in China by selling automotive chips to the country’s electric car companies. But the US semiconductor giant has been restricted from sending some products to China. So far, electric vehicle makers do not seem to be affected. Budrul Chukrut | Sopa Pictures | light rocket | Getty Images BEIJING — US …

China’s electric car firms, which rely heavily on Nvidia, are safe from the US chip ban — for now Read More »

Critical August jobs report expected to run hot and that could lead to a more aggressive Fed

People walk into a store along a busy shopping street in Manhattan on December 10, 2021 in New York City. Spencer Platt | Getty Images Job growth in August likely slowed from July’s frenzied pace, but it is still expected to have been quite strong, with broad-based hiring across many sectors. Monthly jobs data is …

Critical August jobs report expected to run hot and that could lead to a more aggressive Fed Read More »

Orillia OPP lay first-degree murder charge in ‘historic’ case going back over 10 years What the end of border restrictions means for the Jays BC Transit Umo: Tap payment system delayed London woman last surviving member of family with 21 children Man charged after Edmonton International Airport arrest Pre-payment at Winnipeg restaurant sparks ageism concerns Portion of Edmonton LRT closed after death on tracks