Ford EV Sales Fall in January amid Demand Slowdown

Feb 2 Reuters Ford Motor reported an about 11 fall in January sales of electric vehicles EV on Friday, as the industry grapples with shrinking demand for the cars that are typically costlier than their gasolinepowered counterparts. The Dearborn, Michiganbased automaker sold 4,674 EVs in January, compared with 5,247 units sold during the same period last […]
Read More

Nvidia Sets Monthly Record with Unprecedented Market Value Surge in Jan

Feb 2 Reuters NVIDIA Corp experienced a recordbreaking surge in market value in January, the largest monthly increase ever, driven by heightened optimism around artificial intelligence AI, positive analyst projections, and the company39;s announcement of expanded AI offerings. The world39;s most valuable chipmaker saw its market value expand by an unprecedented 296.52 billion to about 1.52 […]
Read More

PMIs Grim Manufacturing Sector, U.S. PMIs Better than Forecast but Rise in U.S. Unemployment, BOE Steady Bank Rate. U.S. Indices Jump, Crude Oil Drops

Previous Trading Days Events 01 Feb 2024 The Bank of England BOE kept the Bank rate steady but announced that borrowing costs would be kept under review. The central bank Governor Andrew Bailey said inflation was moving in the right direction Things are moving in the right direction. Today, the MPC has held bank rates […]
Read More

China Regulator Urges Banks to Improve Credit Management

BEIJING, Feb 2 Reuters China39;s financial regulator on Friday issued measures that urge commercial banks to further improve credit management, to better serve the real economy. The National Financial Regulatory Administration issued measures on the management of banks39; fixed asset loans, working capital loans and personal loans, according to statements released on the regulator39;s website. […]
Read More