Lotus Technology’s recent price hike for the Eletre Carbon has raised eyebrows among potential buyers. The EV, which was initially announced with a starting price of $107,000 in April, now commands a staggering $229,900. This significant increase is primarily attributed to the newly imposed import tariffs on Chinese made electric vehicles and batteries. The U.S. government’s decision to implement these tariffs, aimed at addressing concerns about China’s dominance in the EV supply chain, has had a direct impact on the pricing of imported electric vehicles. While the Eletre Carbon boasts impressive acceleration and a high level of standard equipment, its…
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Some U.S. service members share their military experiences on social media, garnering hundreds — and sometimes thousands — of followers by posting videos explaining the realities of deployments aboard ship, showing troops parachuting out of aircraft or cracking jokes about the different services, among other aspects of military life.On the video-sharing platform TikTok, this type of content is so prevalent that it earned its own label: “miltok.”A few of the more popular profiles post disclaimers on their pages indicating their content does not represent the Defense Department. But some experts studying the use of disinformation in warfare think it should.Researchers…
By Ann Saphir(Reuters) – Traders on Tuesday kept bets the Federal Reserve will start an expected series of interest rate cuts with a half-percentage-point move downward on Wednesday, an expectation that may itself put pressure on central bankers to deliver just that.Futures tied to the Fed policy rate as of Tuesday mid-morning implied about a two-in-three chance of a bigger cut, versus a one-in-three chance of the more moderate 25 basis-point reduction still penciled in by analysts at most major Wall Street firms.The Fed starts its two-day policy setting meeting today, and will meet again in early November and mid-December.Traders…
A calculator against a green backgroundImage source: The Motley Fool/UpsplashAs of this writing, the Fed is expected to cut the federal funds rate by 25 basis points (0.25%) at its next meeting on Sept. 18, 2024. The Fed rate cut is good news for borrowers and businesses, but it can be bad news for anyone who has a savings account.Let’s look at who stands to lose money from a Fed interest rate cut — and how much lower interest rates can hurt your savings.What happens to savings account APYs after Fed rate cutsSavings account APYs are not fixed. The interest…
The table is set, the agenda prepared. Tomorrow afternoon Federal Reserve chair Jerome Powell will hold a press conference following the central bank’s Federal Open Market Committee (FOMC) meeting, and reveal whether the group has decided to lower the base interest rate. It would be the first time in more than four years that Powell will have made such an announcement, with the group previously voting to continually hike or hold the interest rate to wrestle inflation under control. But hawks and doves alike on the FOMC are growing increasingly mindful of the fact they have two parts to their…
Infiniti’s Q50 is bidding adieu to the American market. The premium compact sedan, which has been a staple in Infiniti’s lineup for several years, will be discontinued after the 2024 model year due to sluggish sales. Despite its competitive pricing and sporty performance, the Q50 has struggled to gain traction against rivals like the BMW 3 Series. Factors contributing to the Q50’s decline include a shifting consumer preference towards SUVs and crossovers and the increasing popularity of electric vehicles. Additionally, the Q50’s design, while stylish, may have become dated compared to newer competitors. Infiniti Discontinues Q50 After 2024 as Concept…
Analysts have a 21% 12-month average price target on the FTSE 100 company Frasers Group (LSE:FRAS). I’m also bullish on the business for its stellar valuation, strong market position, and relative recession resistance. Frasers continues to develop The company is a leading UK-based retailer that operates across sports, premium lifestyle, and luxury retail. Some of its most famous subsidiaries include Sports Direct, Flannels and Jack Wills. Management is actively pursuing international expansion, particularly in Europe. I expect this will help it to deliver strong future growth. Also, it’s focusing on enhancing the retail experience through improved store concepts with digital…
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Ryan Wesley Routh, the alleged would-be assassin of former President Trump, had tried to enlist a force of foreign fighters to help Ukraine beat back Russia, but was rejected by the volunteer force on the ground, with those involved in the effort describing Routh as having “delusions of grandeur” and a “messiah complex,” according to reports.Routh, 58, traveled to Ukraine in March 2023 to help the Ukrainian war effort but was quickly dismissed as a “wack job” and “off” by other foreign fighters serving Ukraine, sources within the volunteer effort told the New York Post.”A crazy idiot, but no one’s really…
HAVANA (Reuters) – Cuba’s communist-run government on Monday slashed by a quarter the weight of its subsidized ration of daily bread, the latest shortage to strain a decades-old subsidies scheme created by the late Fidel Castro. The bread, one of a handful of still subsidized basic food products in Cuba, will be reduced from 80 grams to 60 grams (2.1 oz), or approximately the weight of an average cookie or a small bar of soap. Its price, too, was slightly reduced, to just under 1 peso, or 1/3 of a cent. Still, many Cubans, who earn around 4648 pesos a…