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WeRide, a global leading autonomous driving company, announced today that it has secured another round of fundraising, totaling hundreds of millions . Beijing, California, Guangzhou, IDG Capital, Qiming Venture Partners, Shanghai, Sky9 Capital, startup, Today, Wuhan
A key event for the market today will be the Producer Price Index, which is due out at 8:30 a.m. ET. Consensus forecasts are calling for a 0.3% rise in headline inflation and a 0.4% increase in the ex-food and energy rate. It should be noted that forecasts for yesterday s closely watched Consumer Price Index were off by a considerable margin.
Also at 8:30 a.m. ET, the Labor Department will release its weekly report on initial jobless claims, expected to come in at 500,000 for the week ending May 8. That would be up 2,000 from the prior week.
Bitcoin traded sharply lower this morning, down more than 7% to around $50,000 per token, in the wake of Elon Musk s announcement that Tesla (TSLA) stopped, at least temporarily, accepting the cryptocurrency as payment for its products. (CNBC)