Connect with us

Economy

Retail keeps Europe green. Oil rises as US stocks fall

Published

on

Retail keeps Europe green.  Oil rises as US stocks fall

Fed keeps Wall Street in the black

Wall Street opened green as investors digest the minutes of the last US Federal Reserve meeting in early May. The session was also influenced by Chinese Prime Minister Li Keqiang’s warning about a slowdown in economic growth in the country.

The Dow Jones Industrial Average rose 1.03% to 32,487.35 and the S&P 500 rose 0.94% to 4,016.10. The Nasdaq Technology Index rose 0.76% to 11,523.17.

Among the major market moves, Alibaba Group stands out, jumping 9% after posting a 19% rise in first-quarter revenue to 853 billion yuan (119 billion euros at the exchange rate). higher than analysts expected.

Also in the spotlight is the social network Twitter, which has risen in price by more than 4% after Elon Musk announced that he intends to pay more than half of the $ 44 billion he offers for an equity purchase.

Nvidia, the US multinational tech company, lost 0.27% after a downward revision to its chip sales forecast for this year and announcing that it would slow down its hiring of new employees.

In turn, Broadcom shares rose 1.38% after signing a deal for 61 billion dollars (57 billion euros) to buy VMware.

The market was motivated this Thursday by the Fed’s minutes released since the last meeting, which reassured investors as the US regulator showed no willingness to pursue a more aggressive monetary policy than it already has. However, the central bank is expected to raise interest rates by 50 basis points at the next two meetings, in June and July.

See also  There are more and more millionaires in the world, but fewer in Portugal, where there are 106 super-rich and 159,000 "only" millionaires.

“If inflation slows over the summer, there may not be a permanent increase in interest rates,” says Carol Pepper, CEO of Pepper International. “I think stagflation will stop here. inflation will start to come down and then we will have a more normalized market,” he added.

The market is still evaluating the words of Chinese Premier Li Keqiang. The head of government acknowledged that epidemic prevention measures are affecting the Chinese economy in an unprecedented way since the beginning of the pandemic, calling for employment to be taken into account.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

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

Published

on

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.

Continue Reading

Economy

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

Published

on

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…

Continue Reading

Economy

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

Published

on

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.

See also  FTX collapse comes to football: Chelsea loses crypto sponsor

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.

Continue Reading

Trending