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

Critical Details

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.

Resource

Finance

Republican Sen. Thom Tillis vows to block Trump’s Fed nominees following Powell probe

January 12, 2026

Key Points Sen. Thom Tillis, R-N.C., said he will block any Trump Fed nominees, including for chair, in light of revelations that the Justice Department is investigating Jerome Powell for potential perjury charges. That position substantially complicates the road to replacing Powell, whose term as chair expires in May. While Powell’s term as chair ends […]

Finance

Yellen says Powell probe ‘extremely chilling’ for Fed independence, market should be concerned

January 12, 2026

Treasury Secretary Janet Yellen speaks with CNBC from the New York Federal Reserve on Sept. 26th, 2024. David A. Grogan | CNBC Former Federal Reserve Chair Janet Yellen on Monday condemned an investigation into her successor, Jerome Powell, saying it compromises the central bank’s independence. Yellen, who served as Treasury secretary after leaving the Fed, […]

Finance

Trump’s credit card rate cap plan has unclear path, ‘devastating’ risks, bank insiders say

January 12, 2026

Key Points Trump proposed a one-year 10% cap on the interest rates that American credit card companies can charge customers. Shares of Citigroup, JPMorgan Chase, Wells Fargo, Bank of America, Visa, Mastercard, American Express and Capitol One fell in response. It’s unclear how the cap would be enforced, and bank industry insiders say it would […]