Money
It’s world EV day – here’s how the industry is celebrating
Today is World EV Day – a day that celebrates the record growth of the electric car sector and the future that awaits
Over the next 48 hours, the world will celebrate the current status of the electric vehicle market, how the sector has grown and the future that awaits.
Currently, EVs are still targeting the higher end of the market – such as Tesla’s, which goes to show where the industry is currently positioned. It particularly highlights the industry’s focus on cost reductions on the most expensive component – the battery.
Thankfully prices are moving south and right now, EVs are more affordable than ever.
World EV day is observed on September 9 every year.
The day marks the celebration of e-mobility. Special awareness campaigns are organised globally to educate people about the benefits of electric vehicles.
World EV Day was an initiative created by sustainability media company Green.TV
While China is the largest EV market in the world, India is emerging as the next favourite destination for automotive companies. The government has promised to offer all possible help to take the electric vehicle industry forward. Notably, India’s automotive industry is the fifth largest in the world. It is set to become the third largest by 2030.
The day of celebration comes as Toyota announces big plans to invest in the EV future
Toyota Motor Corp has revealed it anticipating to spend more than $13.5 billion by 2030 on electric car technology.
The car manufacturer stated it will spend the cash on developing batteries and battery-supply plants in a major bid to become a leader in the EV tech over the next 10 years.
Toyota is the world’s largest automaker by volume and has pioneered hybrid gasoline-electric cars with the popular Prius model. Toyota is now moving rapidly to deliver its first all-electric line-up in 2022.
Money
Stocks rally ahead of Thanksgiving as markets log four days of gains
Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.
Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.
Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.
Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.
All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.
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Money
Dow surges 500 points amid rate cut optimism
Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism
Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.
Tech Sector
Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.
Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.
Money
Gold prices surge as Central Banks buy big, but risks grow ahead
Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.
Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.
Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.
But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.
Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.
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