Xiaomi shares pop 15% after the Chinese smartphone maker launches its 1st EV

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In a indication of how competitive China’s electric car or truck market is, Xiaomi announced late Thursday that the SU7 would be priced at about $4,000 considerably less than Tesla’s Design 3.
Li Auto and Nio equally trimmed initially quarter shipping and delivery forecasts in late March.
BYD remained the sector big with 139,902 battery-powered passenger cars bought previous month.

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Finance

‘Bitcoin is not an asset class’: UK’s biggest investment platform has a stark warning for investors

October 10, 2025

Key Points The U.K.’s biggest retail investment platform, Hargreaves Lansdowne, has urged traders to exercise caution on cryptocurrencies. “The HL Investment view is that bitcoin is not an asset class, and we do not think cryptocurrency has characteristics that mean it should be included in portfolios for growth or income,” the firm said. A longstanding […]

Finance

Former Fed Governor Larry Lindsey withdraws name for Fed chair

October 9, 2025

Key Points Former U.S. Federal Reserve Governor Larry Lindsey has withdrawn his name from consideration for the position of Fed chair, CNBC’s Eamon Javers reported on Thursday. President Trump is considering a list of candidates to replace Federal Reserve Chairman Jerome Powell for when his term expires in May. Source

Finance

Stocks making the biggest moves midday: Oracle, Ferrari, Delta, Albemarle and more

October 9, 2025

Check out the companies making the biggest moves in midday trading: Oracle — Shares of the software company rose more than 3% on Thursday after Baird initiated coverage with a outperform rating and a $365 price taget. The firm said Oracle has a strong position in the artificial intelligence growth story. The stock has had […]