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Elite Financial Group

China’s EV price war is heating up. What’s behind the big discounts?

by Elite Financial Group | May 29, 2025 | Financial Services

China’s electric car market is getting even more competitive, with significant consequences for the domestic economy and even the global auto market.Read More…

Palantir teams up with Fannie Mae in AI push to sniff out mortgage fraud

by Elite Financial Group | May 28, 2025 | Financial Services

Palantir CEO Alex Karp said the checks can be done in a way that “protects the underlying data and protects the privacy of the people submitting their forms.”Read More…

Fed worried it could face ‘difficult tradeoffs’ if tariffs reaggravate inflation, minutes show

by Elite Financial Group | May 28, 2025 | Financial Services

Officials were concerned that tariffs could aggravate inflation and create a difficult quandary with interest rate policy.Read More…

GameStop shares rise as retailer meme stock buys first bitcoin batch, scooping up $500 million

by Elite Financial Group | May 28, 2025 | Financial Services

The purchase, GameStop’s first investment in bitcoin, was worth $512.6 million with bitcoin’s price of $108,837 Wednesday.Read More…

Goldman-backed Starling Bank reports 26% drop in annual profit as it flags Covid loan fraud issue

by Elite Financial Group | May 28, 2025 | Financial Services

British neobank Starling posted an annual profit before tax of £223.4 million, down nearly 26% year-on-year.Read More…

Fewer international tourists are visiting the U.S. — economic losses could be ‘staggering,’ researchers estimate

by Elite Financial Group | May 28, 2025 | Financial Services

International tourists are rethinking the U.S. as a travel destination amid tensions tied to trade and border policy.Read More…
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