Money

The plan by Mercedes and BMW to crash Tesla

Published

2 years ago

September 5, 2023

Mercedes-Benz and BMW are making significant strides in their efforts to compete with Tesla in the premium electric vehicle market, as they revealed their latest electric concept cars at the IAA auto show in Munich.

Mercedes showcased the Mercedes-Benz Concept CLA Class, while BMW introduced the BMW Vision Neue Klasse. Both of these vehicles are built upon entirely new platforms developed by the German automakers, which will serve as the foundation for their electric vehicle (EV) lineups in the coming years. This marks their most ambitious push into the world of battery-powered automobiles.

While these vehicles are currently in the concept stage, the final production models may differ in appearance. Here’s a closer look at what Mercedes and BMW have to offer:

Mercedes-Benz Concept CLA Class

The Mercedes-Benz Concept CLA Class is constructed on the Mercedes‑Benz Modular Architecture (MMA), a brand-new platform designed specifically for electric cars by the German automaker.

The Concept CLA Class lineup will include four new models, consisting of a four-door coupé, an estate, and two sports utility vehicles (SUVs).

Mercedes claims that the vehicle will have an impressive range of 750 kilometers (466 miles) on a single charge. Additionally, they assert that a 15-minute charge can provide enough power to cover a distance of 400 kilometers.

Mercedes is placing a strong emphasis on the interior and user experience. The company is developing its proprietary operating system, MB.OS, to power various features within the vehicle, including a large dashboard screen and an advanced voice assistant. Furthermore, it will allow integration with third-party apps, such as music and video streaming services.

BMW Vision Neue Klasse

BMW’s response to Tesla comes in the form of the BMW Vision Neue Klasse, which is also based on a new architecture intended for BMW’s future electric vehicles.

The first electric vehicles built on the Neue Klasse architecture are set to enter production in 2025.

Featuring a glass roof and incorporating classic design elements that BMW enthusiasts are familiar with, the BMW Vision Neue Klasse maintains the brand’s signature aesthetic.

One standout feature is the “Panoramic Vision,” a heads-up display projected onto the windshield at the driver’s eyeline. This feature will debut in the Neue Klasse, allowing both passengers and drivers to interact with the display.

Money

Australia’s inflation hits 3.8%: Budget decisions under pressure

Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.

Published

13 hours ago

February 3, 2026

Harvey Vargas

Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.

Australia’s inflation has surged to 3.8%, sparking concern for households and businesses. Experts warn that rising prices could threaten financial stability if the government does not act in the upcoming budget.

Dr Steven Enticott from CIA Tax joins Ticker to break down what this inflation spike means for everyday Australians. He also explains why inflation above the Reserve Bank’s target band is particularly significant and how it affects economic planning.

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#AustraliaInflation #EconomicUpdate #Budget2026 #RBA #FinancialNews #BusinessImpact #HouseholdCosts #TickerNews

Money

Wall Street gains momentum amid tech and earnings surge

U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.

Published

16 hours ago

February 3, 2026

Harvey Vargas

U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.

U.S. equities climbed on Monday as Wall Street kicked off a new month of trading. Investors looked past recent losses in silver and bitcoin, with optimism returning to major indices. The S&P 500 rose 0.7%, led by gains in Oracle shares following the company’s announcement to raise up to £50 billion for cloud capacity.

The Dow Jones Industrial Average surged 501 points, while the Nasdaq Composite increased 0.9%. Analysts note that the broader market is showing resilience despite mixed signals from tech and commodities.

More than 100 S&P 500 companies are expected to report earnings this week. Strong growth is predicted, even as some high-profile sell-offs continue to make headlines.

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Money

U.S. dollar weakens while Australian dollar rises amid global market shifts

Published

4 days ago

January 30, 2026

Harvey Vargas

US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations

The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.

Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.

Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.

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#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker