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Elite Financial Group

China’s Xiaomi undercuts Tesla with yet another cheaper car

by Elite Financial Group | Jun 26, 2025 | Financial Services

Chinese smartphone company Xiaomi priced its luxury YU7 SUV within expectations — but undercut Tesla’s Model Y.Read More…

China’s fintech giant Ant doubles down on health care with new AI app — and it wants it to go global

by Elite Financial Group | Jun 26, 2025 | Financial Services

Alibaba-affiliate Ant Group is doubling down on health care with a new app, based on artificial intelligence tech that it says could be rolled out overseas.Read More…

China urges Beijing-backed development bank to focus more on Belt and Road Initiative

by Elite Financial Group | Jun 25, 2025 | Financial Services

Chinese Premier Li Qiang called on the Asian Infrastructure Investment Bank to increase its support for Beijing’s Belt and Road Initiative.Read More…

Zohran Mamdani’s victory in NYC mayoral primary leaves Wall Street ‘alarmed’ and ‘depressed’

by Elite Financial Group | Jun 25, 2025 | Financial Services

His potential victory could bring what the Street despises the most — tax hikes and tighter regulation that threaten corporate and investment interests.Read More…

Divided Fed proposes rule to ease capital requirements for big Wall Street banks

by Elite Financial Group | Jun 25, 2025 | Financial Services

The Federal Reserve on Wednesday proposed easing a key capital rule that banks say has limited their ability to operate.Read More…

Watch Fed Chair Jerome Powell testify live before Senate banking panel

by Elite Financial Group | Jun 25, 2025 | Financial Services

In his remarks Tuesday, the central bank leader asserted that the Fed is “well positioned to wait” on interest rate policy.Read More…
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