Prices

XPeng G9 trims and prices updated due to demand and confusion

Just days after officially launching its G9 SUV, XPeng Motors has completely revamped the naming system of its trims, offering two new versions and different prices. The Chinese automaker has cited tremendous customer demand as the reason for the changes, but the overhaul also addresses confusion surrounding which G9 configuration delivered which standard features. Here …

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U.S. fiscal policy is undermining the Fed’s efforts to fight inflation

Inflation remains the top issue on investors’ minds, with many trying to determine when the relentless rise in prices will stop and whether the Federal Reserve’s aggressive interest rate hikes to try to halt the spiral will engineer a so-called soft-landing for the economy — or, instead, send us into a deep recession. Indeed, your …

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European stocks slide 2.8% after weak euro zone data, new UK economic plan

European stocks were sharply lower on Friday, as investors digested a raft of central bank decisions and a new economic plan from the U.K.The Stoxx 600 was down 2.8% in early afternoon trading, with all sectors and major bourses trading in the red.Oil and gas stocks and basic resources were the biggest fallers, both down …

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Housing Bubble Woes: Home Prices Drop 3.5%, Steepest Monthly Drop since Jan. 2016. Sales, already at Lockdown Levels, Drop Further. Active Listings Rise Further

But these sales happened during the “Fed pivot” fantasy that pushed mortgage rates down to 5%. Now mortgage rates are near 6.5%. By Wolf Richter for WOLF STREET. In July and through mid-August, mortgage rates fell sharply from the 6%-range in mid-June, on the widely propagated fantasy of a Fed “pivot” on rate hikes. By mid-August, the average …

Housing Bubble Woes: Home Prices Drop 3.5%, Steepest Monthly Drop since Jan. 2016. Sales, already at Lockdown Levels, Drop Further. Active Listings Rise Further Read More »