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December 12th - According to data from Cox Automotiv, despite Tesla (TSLA.O) launching a cheaper version of its best-selling electric car, the companys sales in the US fell to their lowest level in nearly four years in November. US electric vehicle sales have been generally hampered since the Trump administration revoked the $7,500 federal tax credit at the end of September. In response to declining demand, Tesla launched simplified configurations of the Model Y and Model 3 in October, priced approximately $5,000 lower than the previous base models. While demand for the standard versions was expected to support November sales, Cox data shows that Teslas total sales for the month still fell by nearly 23% year-over-year, from 51,513 vehicles in the same period last year to 39,800 vehicles, the lowest level since January 2022.Cox Data: Despite Tesla (TSLA.O) launching the cheaper Model Y and Model 3, its sales in the U.S. fell to a near three-year low in November.Multiple sources familiar with the matter said that private equity firm Carnelian Energy Capital is preparing to sell its six oil and gas production investments in North America.Salesforce (Crm.N) has raised the price of applications that utilize its data.On December 12th, Apple (AAPL.O) persuaded a U.S. appeals court to overturn parts of a court order that required the company to adjust its lucrative App Store to promote greater competition. The Ninth Circuit Court of Appeals in San Francisco ruled in a lawsuit filed by Epic Games that parts of an order issued in April by a judge finding Apple in contempt of court for violating a previous ruling were too broad and needed to be amended. However, the appeals court upheld most of the contempt of court finding and the previous injunction against Apple. A three-judge panel amended a lower court ruling that prohibited Apple from charging any commission or fee for purchases not made on its platform. The appeals court stated that the trial judge must now amend this part of his order.

Gold Price Prediction: The XAU/USD will meet resistance around $1,875 as the USD Index strives to recover

Alina Haynes

Feb 07, 2023 15:44

截屏2022-11-24 下午3.13.23.png 

 

In the Asian session, the price of gold (XAU/USD) is under pressure to extend its recovery over the important resistance of $1,875.00. After correcting to near 103.10, the US Dollar Index (DXY) has tried a recovery, which has prompted selling interest in precious metals. Investors anticipate a volatile performance from the USD Index as they await fresh impetus from Federal Reserve (Fed) head Jerome Powell's speech.

 

The USD Index (DXY) was projected to exhibit signs of volatility shrinkage following a three-day winning streak following the release of massive United States Nonfarm Payrolls (NFP) data. After a wild ride, the USD Index bulls are weary, but the bullish bias remains intact. S&P500 futures are maintaining the modest gains made during the Asian session.

 

In light of the recent improvement in the U.S. labor market, the forthcoming speech of Fed chairman Jerome Powell has taken on greater significance. After noticing a significant decrease in inflation, the market began to anticipate a pause in the Fed's policy tightening cycle. Nonetheless, the optimistic job report for January suggests that the fight against inflation still has considerable steam.

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