European markets are heading for a positive start to the trading day Wednesday, with regional investors looking ahead to the latest inflation data from the U.K.
At the conclusion of the central bank's meeting last week, policymakers indicated there could be two more quarter-percentage-point moves on the horizon this year.CNBC Pro: Goldman Sachs names the winners and losers of an expected glut in EV battery parts
Goldman Sachs expects an oversupply in the global market of battery parts for electric vehicles to have major implications for four major companies. Of those, the Wall Street bank predicts that one battery component maker's stock will halve, while another's will rise by 32% over the next 12 months. The investment bank said cathodes, a part of a battery that attracts positive charge, are increasingly being seen as a commodity. This means that many companies are producing similar kinds of cathodes, which could lead to an overabundance. Such oversupply typically means companies must lower prices to stay competitive and potentially squeeze their profits.
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HiPhi Announces European Pricing Ahead Of DeliveriesChinese luxury EV manufacturer HiPhi is gearing up for European deliveries set to take place in Q3 2023. The firm will offer a luxury sedan and SUV.
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Victor Wembanyama interview airs Wednesday on ‘Good Morning America’ ahead of NBA draftFans will hear from 19-year-old French basketball player Victor Wembanyama on “Good Morning America” Wednesday, just a day before his selection in Thursday’s NBA Draft.
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U.N. hosts Mideast and European envoys to raise money for humanitarian crisis in SudanEnvoys from the Middle East and Europe attended a U.N.-hosted meeting Monday aimed at raising money to address Sudan’s deepening humanitarian crisis.
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A tropical depression in the Atlantic is forecast to become a hurricane by Wednesday | CNNA tropical depression has formed over the central Atlantic Ocean and will likely become a hurricane on Wednesday, the National Hurricane Center said Monday.
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