Xiaomi SU7 Has Already Received 88,898 Pre-Orders within 24 Hours of Its Launch
The number of pre-orders for Xiaomi SU7 reached 88,898 within 24 hours of its launch. The car achieved staggering booking milestones, reaching 10,000 in 4 minutes and 50,000 in just 27 minutes. Xiaomi addresses user queries on Weibo regarding booking periods, refunds, delivery timelines, and more. Deliveries for various SU7 models are set to begin soon, with production capacity being ramped up to meet demand.
Xiaomi SU7 Has Already Received 88,898 Pre-Orders within 24 Hours of Its Launch
The number of pre-orders for Xiaomi SU7 reached 88,898 within 24 hours of its launch. The car achieved staggering booking milestones, reaching 10,000 in 4 minutes and 50,000 in just 27 minutes. Xiaomi addresses user queries on Weibo regarding booking periods, refunds, delivery timelines, and more. Deliveries for various SU7 models are set to begin soon, with production capacity being ramped up to meet demand.
Spiking bond yields driving sharp losses in tech stocks
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year.
A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
Telegram Be The Next Best SPAC
I have no inside knowledge of a potential stock listing of the popular anti-Whatsapp messaging app, Telegram. But I know this much, judging by most people I talk to, especially crypto investors, if Telegram ever went public, people would gobble it up. I know I would. I’m waiting for it. So is Sergei Sergienko, who claims he owns $800,000 of Telegram’s pre-initial coin offering (ICO) tokens. “If Telegram does a SPAC IPO, there would be demand for this issue. It would probably outstrip the interest we saw during the ICO. Why? Because as of right now Telegram looks like a liberal application that can accept anyone - right after WhatsApp and others have turn on the censorship,” he says.
