August
Xiaomi, one of China’s leading cell phone manufacturers, went into the electric vehicle (EV) business two years ago. Now it expects to become one of Europe’s five top-selling premium brands by 2030.
The interest rate the U.S. government paid on its 30-year bond edged up 0.14 of a percentage point to about 5.25%, its highest in 19 years.
The rate rose after the U.S. Federal Reserve decided to hold interest rates where they are despite inflation that continues to strengthen.
Post
Companies listed on the Standard & Poor’s 500 are on track to report second-quarter earnings–net profits after all expenses are paid–47.4% higher than a year earlier, making it the most robust quarter in 5 years, data service FactSet reported. Some companies still to post results.