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  • Dec 26, 2024

US stocks tread water in thin trade, benchmark US yield backs off new high

The three U.S. stock indexes were all nearly unchanged, paring mild early declines and interrupting what looked early this week like a nascent "Santa Claus rally," in which shares get a seasonal boost from low liquidity, tax-loss harvesting and investment of year-end bonuses. With only a handful of trading days remaining in the year, the Nasdaq, S&P 500 and the Dow have scored respective gains of 33%, 26% and 14% in 2024. The major concerns for 2025 are the extent of the Fed's monetary easing, Trump's tariffs and other policies, and various geopolitical tensions.

  • Dec 26, 2024

Nio’s Mass Market Push Draws Scorn as EV Maker Promises a Profit

(Bloomberg) -- It’s a wonder three little headlights can stir up such debate. But that’s what many netizens in China have been driven to comment on following the launch of Nio Inc.’s newest sub-brand, Firefly.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe electric hatchback was unveiled last weekend at Nio’s annual gathering for its customers, partners and media. The compact car will start from 148,800 yuan ($20,400) and features a rather plain design pun

  • Dec 26, 2024

Ryde Secures 3-Year License Renewal in Singapore, Stock Gains

Ryde Group Ltd. (AMEX:RYDE) shares are trading higher on Thursday after the company disclosed the renewal of its full ride-hail and carpool service operator licenses for three years in Singapore. As Singapore’s transportation landscape evolves, Ryde uses technology and AI-driven algorithms to enhance the commuting experience. Subashini Thanakodi, Associate Director of Operations, said, “We are deeply honored to have achieved this milestone, which reflects Ryde’s commitment to creating sustainabl

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