With Apple exiting the EV game and Tesla losing market share in some Chinese cities, arguably the best EV stocks are now all based in China. The country is the world's largest automobile market, with a penetration rate of new energy vehicles of at least 30%. Most of these cars come from local brands. Tesla China lost market share in January, especially in China's major cities, “despite price cuts” announced that month, Morgan Stanley analysts said in a Feb. 28 report looking at the previous month's sales breakdown. Xpeng and Nio lost share across regions, while BYD saw gains in…
Author: ricardofrancois
Well, my fellow Americans, it's up to us to hold Donald Trump accountable at the ballot box. We cannot rely on the courts before Election Day.This was supposed to be the opening week of Trump's trial on January 6, the first ever trial of a former president facing criminal charges over his unprecedented attempt to overturn the US election and remain in power. The ruling could have been issued long before November. Opinion columnist Jackie Calmes Jackie Calmes takes a critical look at the national political landscape. She has decades of experience covering the White House and Congress. But there…
Des Moines — There's much less fanfare for Iowa Democrats choosing their presidential nominee this year, and it's not just because President Biden is seeking re-election without a serious contest. Instead of gathering for caucuses, a one-night spectacle in which community members publicly indicate their support for a candidate, Iowa Democrats headed to the mailbox to drop off their ballots. Results will be released on Super Tuesday, a slate of primaries and caucuses in 16 states.The break with five decades of tradition comes in the wake of the chaos surrounding the party's caucuses in Iowa in 2020 and the rearrangement…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.The share of women in technology jobs has increased across advanced economies since the outbreak of the pandemic, thanks to strong demand, gender equality policies and greater tolerance of flexible work arrangements. The huge gender gap in the technology sector has narrowed across the US, EU and UK in the past four years, a Financial Times analysis of official data shows.But despite the improvement in gender balance, men still dominate employment in this sector. This has led to calls for more diversity…
Dear Liz: I've accumulated too many credit cards, sometimes to get extra frequent flier miles. All frequent flyer miles cards have an annual fee. I always pay the cards in full every month.My credit score is over 800 every month. You've heard that your credit score is affected when credit accounts are closed. Is this true and how much? How do you recommend reducing the number of credit cards?Answer: Yes, foreclosure cards can hurt your credit score. The “how much” question is impossible to predict and will depend on your credit situation as well as how you reduce your card…
Cargo ship Rubimar, Red Sea – March 1, 2024: Maxar close-up view of satellite images of the cargo ship Rubimar – just before it sank after being targeted by Houthi rebels last month. Satellite image (c) 2024 Maxar Technologies | Getty ImagesThe US military confirmed on Saturday that a UK-owned ship attacked by the Houthis last month sank in the Red Sea, echoing a warning from Yemen's internationally recognized government that the ship's cargo of dangerous fertilizers poses a danger to marine life.The Belize-registered ship, Rubimare, is the first ship to go missing since the Houthis began targeting commercial ships…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.H2O Asset Management's auditor has warned that the company's accounts “do not give a true and fair view” of its financial position, giving the once high-flying investment group a rare “negative” opinion.A former star of European asset management that oversaw more than €30 billion at its peak, H2O was hit by a crisis in 2019 after the Financial Times revealed it had pumped its investors' money into hard-to-sell bonds linked to controversial financier Lars Windhorst. .Since then, the company has been hit…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Pension funds are the answer to the UK's economic recession – so say ministers, policy experts and almost everyone else. Any discussion about how to attract more investment into UK infrastructure, start-ups or stocks now includes Britons' retirement savings.No doubt the same will be true in the Budget this coming week. British Finance Minister Jeremy Hunt made headlines last year for his efforts to direct defined contribution funds more to private companies. But ministers (and opposition politicians) have also been eyeing local…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Between researching work history, talking about accomplishments, and struggling with formatting, updating your resume is definitely among the most stressful chores in your career.But what if resumes asked different questions? Would it be more attractive – or useful – if we arrived at a new job armed with information about how we work, our strengths and weaknesses, and perhaps some hobbies and quirks to boot?That's the thinking behind Personal User Guides – accessible documents packed with detail about what people are actually…
Stay informed with free updatesSimply subscribe to the MyFT Digest for foreign exchange – delivered straight to your inbox.The forint fell to a record low against the Polish zloty as concerns grew over the independence of Hungary's central bank, while Warsaw's improved relationship with the European Union freed up tens of billions of euros in funds.The two central European countries have been on markedly different paths in recent months. Hungary has been bogged down in disputes with international partners such as the European Union and other members of the North Atlantic Treaty Organization (NATO) while tensions have risen between the…