BYD launches its most direct Tesla competitor however

Essential Points

BYD’s Denza brand name discovered Monday its new N7 electric powered SUV arrives with features and a price tag that rival Tesla’s Design Y.
A livestream of the launch event experienced just about 2 million sights on Weibo by yourself, the Chinese Twitter-like system.
The Denza N7 is established to start deliveries in just two weeks, according to the company.

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Finance

Insiders at UnitedHealth are scooping up tarnished shares

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Key Points UnitedHealth Group saw some of its insiders step in and purchase declining shares this week. Kristen Gil, a director at the firm, bought 3,700 shares worth roughly $1 million on Thursday. Shares of UnitedHealth plunged nearly 11% to $274.35 on Thursday following a report in The Wall Street Journal that the Department of Justice […]

Finance

Federal Reserve will reduce staff by 10% in coming years, Powell memo says

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U.S. Federal Reserve Chair Jerome Powell departs after holding a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, D.C., U.S., May 7, 2025. Kevin Lamarque | Reuters The Federal Reserve will look to reduce its headcount by 10% over the next couple of years, including […]

Finance

Stocks making the biggest moves midday: Applied Materials, Novo Nordisk, Cava, Vistra and more

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Check out the companies making headlines in midday trading. Applied Materials — Shares of the semiconductor manufacturer dropped 6% after Applied Materials posted disappointing fiscal second-quarter revenue. The company’s revenue of $7.10 billion was below the LSEG consensus of $7.13 billion. Semiconductor revenue of $5.26 billion also disappointed the $5.31 billion analysts were looking for. […]