Year: 2020

(Bloomberg) — Tesla Inc. cut the starting price of its China-built Model 3 sedans by 9%, as it steps up efforts to lure customers in the world’s biggest electric-vehicle market after opening a factory on the outskirts of Shanghai. The price was lowered to 323,800 yuan ($46,500) from 355,800 yuan. After subsidies from the Chinese government, prices start from 299,050 yuan, Tesla’s website showed. The California-based company, which handed over the first of its Chinese-made cars to 15 employees on Dec. 30, will start delivering local models to the public on Jan. 7, it said on its official WeChat account. …read more […]

U.S. electric vehicle maker Tesla Inc cut the starting price for its China-made Model 3 sedans by 16% to 299,050 yuan ($42,919) after receiving Chinese subsidies for electric vehicles, according to its China website. The reduction, partly thanks to 24,750 yuan of subsidies, from an earlier 355,800 yuan is among a slew of adjustments Tesla has made to its sales policy in China, including tweaking prices for car accessories and home charging facilities. Tesla has said it plans to start delivering cars, made at its $2 billion factory in Shanghai, to the public on Jan. 7. …read more […]

(Bloomberg) — A U.S. airstrike in Iraq ordered by President Donald Trump killed one of Iran’s most powerful generals in a provocation that risks escalating a growing conflict with the Islamic RepublicQassem Soleimani, who led proxy militias that extended the Islamic Republic’s power across the Middle East, was killed in a strike in Baghdad authorized by Trump, the Defense Department said in a statement late Thursday night.“At the direction of the president, the U.S. military has taken decisive defensive action to protect U.S. personnel abroad by killing” Soleimani, the department said. “General Soleimani was actively developing plans to attack American …read more […]

Asian shares extended their New Year’s rally on Friday after Wall Street struck another record high on fresh Chinese stimulus while oil spiked after U.S. air strikes in Iraq heightened geopolitical tensions. MSCI’s broadest index of Asia-Pacific shares outside Japan touched its highest point since June 15, 2018 in early trade, but later pared gains. The index had finished at its highest close in more than 18 months on Thursday, lifted by a New Year’s Day announcement from China’s central bank that it would cut the amount of cash that banks must hold as reserves, releasing release …read more […]

(Bloomberg) — Oil spiked as tensions in the Middle East flared after a U.S. strike near Baghdad international airport killed a top Iranian general.Futures in New York and London surged more than 4% after the attack. The strike killed Qassem Soleimani, the Iranian general who led the Revolutionary Guards’ Quds force, according to two people familiar with the matter. U.S. Defense Secretary Mark Esper said Thursday that America was ready to deploy more force in Iraq after an attack on its embassy in Baghdad this week.The U.S. and Iran are already facing off over President Donald Trump’s crippling economic campaign …read more […]

The company said most employees would not be affected by the freeze. …read more […]

Whole life insurance covers you for the rest of your life, but universal life insurance offers much more flexibility. They are both types of permanent life insurance, which means they have a cash value component. However, whole life insurance can … Continue reading ->The post Whole Life vs. Universal Life Insurance appeared first on SmartAsset Blog. …read more […]

Zijin Mining Group (HKG:2899) shares have continued recent momentum with a 32% gain in the last month alone. And the… …read more […]