Chinese EV company Xpeng sees shares pop 6% after it launches mass-market car

Key Points

Xpeng shares rose after the Chinese electric car company said prices for its new mass-market Mona brand would start as low as $16,812, far below that of Tesla’s Model 3.
The Chinese automaker said orders for the Mona M03 electric coupe exceeded 10,000 just 52 minutes after the car’s formal launch Tuesday evening in Beijing.
Xpeng shares remain more than 45% lower for the year so far.

Source

Finance

Stocks making the biggest moves midday: Penn Entertainment, Robinhood, Levi Strauss & more

July 11, 2025

Check out the companies making the biggest moves midday: Penn Entertainment – The gaming stock dropped more than 5% following the release of weak regional gaming revenue data. On Friday, Iowa and Indiana both reported year-over-year declines in statewide gaming revenues. For Penn Entertainment revenues specifically, Iowa saw a 14% slide compared to last year, […]

Finance

Trump budget chief Vought ramps up criticism of Powell, vows investigation into Fed renovations

July 11, 2025

Key Points Office of Management and Budget Director Russell Vought vowed Friday to press an investigation into renovations at the Federal Reserve building. “This is about the largesse and the fact that he has systemically mismanaged the Fed,” Vought told CNBC. The accusations represent another front on Trump’s ongoing campaign against Powell. Source

Finance

Stocks making the biggest moves premarket: Coinbase, Levi Strauss, AMC and more

July 11, 2025

Check out the companies making headlines before the bell. Levi Strauss — The denim apparel stock rose 7% after second-quarter results topped expectations. Levi Strauss reported 22 cents in adjusted earnings per share on $1.45 billion of revenue. Analysts surveyed by LSEG were looking for 13 cents per share and $1.37 billion. The company also […]