Lift

China EV stocks rise above key level as Great Overhang begins to lift

China EV stocks rise above key level as Great Overhang begins to lift

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Sales of electric vehicles in China are expected to increase in a seasonal November, with Nio (NIO) is poised to rebound as supply headwinds ease and new models surge. XPeng (XPEV) surged on Wednesday, driving Chinese electric vehicle stocks sharply higher after a better-than-expected fourth-quarter delivery outlook. More signs emerged on Wednesday of a shift …

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Exclusive: As Divided Congress Ratings Rise, Yellen Warns of Need to Lift Debt Ceiling

Exclusive: As Divided Congress Ratings Rise, Yellen Warns of Need to Lift Debt Ceiling

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By David Lawder NUSA DUA, Indonesia (Reuters) – As the odds of a U.S. Congress split increase, Treasury Secretary Janet Yellen has warned lawmakers’ failure to raise the U.S. debt statutory ceiling poses a “huge threat” for the US credit rating and the functioning of US financial markets. . Yellen told Reuters in an interview …

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