Day: July 7, 2021

NIO, XPeng, and Li Auto Inventory Have a Didi Downside

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Nio inventory fell on Tuesday, as did shares of Li Auto and XPeng.


Hector Retamal/AFP/Getty Pictures

Shares of U.S.-listed Chinese language electric-vehicle makers, together with

NIO,

fell Tuesday, however their decline doesn’t seem to have something to do with the Chinese language EV market, which is doing nice. As an alternative, the issue is likely to be what’s occurring with Chinese language ride-hailing firm Didi International.

Shares of NIO (ticker: NIO) and

XPeng

(XPEV) had been down about 1% every in noon buying and selling Tuesday.

Li Auto

(LI) shares opened down, however had been up

Unemployment fee falls to 7.3% as India unlocks

For the week ended July 4, the unemployment fee in each rural and concrete areas declined to six.71% and eight.57%, respectively, from 8.98% and eight.6% over the earlier week.

Because the restrictions on mobility eased, the unemployment fee got here additional all the way down to 7.3% for the week ended July 4 from 8.72% within the earlier week and 9.35% for the week ended June 20, in line with the Centre for Monitoring Indian Economic system (CMIE).

The unemployment fee was 7.4% for the week ended April 25 and eight.16% on April 4. The second wave of the Covid-19

Google Pay permits on-line loans for small companies, companions with digital lending app FlexiLoans

Google had earlier this 12 months introduced that it’ll make investments $15 million to assist SMEs in India.

Credit score and Finance for MSMEs: Google’s fee app for small companies, others — Google Pay for Enterprise has now enabled small retailers to entry credit score by means of its tie-up with the digital lending platform for MSMEs FlexiLoans. The latter can be trying to disburse loans to over 50,000 small companies within the subsequent 12 months with this collaboration. Credit score lending to a majority of MSMEs in a number of sectors has been severely impacted due to the pandemic