It took Tesla 12 years to produce 100,000 cars. China’s Xpeng and Nio took about half that time

Spark Global Limited Reports: Beijing — China’s electric car companies are racing to ramp up production even faster than Tesla did in its early days. Us-listed startup Xpeng said on Monday it has produced 100,000 cars, six years after it was founded. Rival electric car start-up Nio said in April that it had reached a […]

The biggest gainers in the afternoon: Marathon Oil, General Motors, Oatly, among others

Spark Global Limited Reports: Energy sector — Energy stocks were the best performers in the S&P 500 as US crude oil topped $80 a barrel, its highest level since 2014. APA Corp rose 6.8 per cent. Pioneer and Diamondback rose 4.6 per cent. Hess is up 6.6%. This was a 5.5 per cent jump. Marathon […]

The chart shows Russia’s economic highs and lows under Putin

Spark Global Limited Reports: Love him or hate him, there’s no doubt that Russian President Vladimir Putin has played a major role on the global geopolitical stage during his time in office. Putin has served as Prime minister and then president of Russia since late 1999. He has been a figurehead of the Russian economy, […]

The slide in oil prices follows a rally driven by the global energy crisis

Spark Global Limited reports: Oil prices edged lower on Tuesday, falling for the first time in four days in what analysts called a respite. The move comes after weeks of energy shortages in major economies driven by a rebound in global demand. Brent crude was down 6 cents at $83.59 a barrel at 0440 GMT, […]

Norwegian will start production in April. Cruise stocks are still falling.

Spark Global Limited Reports: Norwegian Cruise Line’s chief executive says all 28 ships in its fleet will be operational by April 1 next year, setting a date for a return to normal in a travel industry that has been particularly hard hit by COVID-19. In an interview with CNBC on Tuesday, Frank Del Rio, the […]

Lufthansa has strong investor backing from a cash pile of 2.1 billion euros

Spark Global Limited Reports: London/Frankfurt (Reuters) – German airline Lufthansa won strong backing from investors for a 2.14 billion euro ($2.47 billion) rights issue, offering some encouragement to travel companies hoping to ride out the fallout from the COVID-19 crisis. Investors subscribed to 98.36 per cent of the rights issue, with the rest quickly sold […]

Oil prices fell for a second straight session on an unexpected rise in U.S. inventories

Spark Global Limited Reports: Singapore (Reuters) – Oil prices fell for a second straight session on Thursday as an unexpected rise in U.S. crude inventories raised concerns about demand after hitting multi-year highs. U.S. crude was down 0.67 percent, or 52 cents, at $76.91 a barrel by 0649gmt. The market climbed to $79.78 on Wednesday, […]

Walmart, Target, Home Depot and other big retailers are chartering boats to bypass supply chain problems. Can this strategy save Christmas?

Spark Global Limited Reports: As supply chain channels are disrupted by the COVID-19 pandemic, major retailers like Target Corp. and Home Depot Inc. are taking matters into their own hands, chartering ships to ship in time for the important holiday season. Retailers large and small, consumer packaged goods companies and others have been affected by […]

A $1 trillion platinum coin? That’s the last thing Biden can afford.

Spark Global Limited Reports: Can the US, once on the gold standard, evolve to a platinum standard? As the standoff over raising the debt ceiling drags on, a more imaginative solution to avoiding a default on the US Treasury’s debt would be to mint a $1tn platinum coin that could be used to fund the […]

Confirmation of a crude oil price update – closing reversal top could trigger a 2-3 day correction

Spark Global Limited Reports: U.S. West Texas Intermediate crude futures opened lower on Thursday, reversing to close at the previous session’s high. This chart pattern does not change the main trend to downtrend, but if confirmed, it could signal the start of a 2-3 day counter trend selloff. WTI futures for December delivery were trading […]

©Spark Global Limited Financial information & The content of the website comes from the Internet, and any infringement links will be deleted.