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Tech, Retail and Powell Beat Wall Street – Markets in a Minute

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Tech, Retail and Powell Beat Wall Street - Markets in a Minute

Wall Street ended the session in the same way as it began: in the red. Investor sentiment was affected by a decline in Walmart’s earnings estimate for this year, as well as fears of a possible recession caused by further tightening of the US Federal Reserve’s (Fed) monetary policy. Technology also helped push the session into negative territory.

The Dow Jones Industrial Average ended the day down 0.71% to 31,761.54, while the global benchmark S&P 500 dropped 1.15% to 3,921.05. For its part, the tech Nasdaq Composite recorded a 1.87% drop to 11,562.58 points.

Retailing pulled Wall Street into the red after Walmart lowered earnings estimates for this year as inflation continues to put pressure on consumer spending. For Morgan Stanley, this is a “possible warning sign for retailers,” according to a “research” note cited by Bloomberg.

As such, sector stocks reacted lower to the announcement, with Walmart’s own shares falling 7.64% and then Target’s down 4.21%.

The session was also under pressure from (poor) investor expectations for technology results to be released this week, leading to several price target cuts by several investment houses.

Shares of Microsoft and Alphabet, which released results after Tuesday’s session, saw shares drop 2.68% and 2.56%, respectively. On the other hand, Meta, which will be admitted to the market tomorrow, fell 4.50%.

Also of note is Amazon, which recorded a 5.23% drop after the company, led by Andy Jassi, announced it would raise the prices of shipping and streaming services in Europe by 43% this year to cope with rising costs. The price increase will start in September.

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The session also marked the start of a two-day US Federal Reserve meeting on monetary policy. The central bank, led by Jerome Powell, is expected to raise the federal funds rate by 75 basis points to a range of 2.25% to 2.5%, according to Bloomberg.

The US central bank began a cycle of raising key interest rates in March last year, increasing them by 25 basis points. At the next meeting in May, it increased by 50 bp, and in June it grew by 75 bp. ranging from 1.5% to 1.75% where it is now.

The market fears that the central bank will not be able to avoid a recession by adopting a restrictive monetary policy, in its opinion, rather aggressive. “[Acreditar] A soft landing from here looks unlikely,” Sima Shah, chief strategist at Principal Global Investors, said in a statement to Bloomberg.

“In the past 11 cycles of monetary tightening, inflation has been lower, and the federal funds rate has been higher at the time of takeoff,” the expert substantiated.

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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