China’s fifth-largest smartphone maker unveiled its first electric vehicle—the SU7 sedan—which Xiaomi says is capable of delivering acceleration speeds faster than Tesla cars and Porsche EVs. After a decade, Apple still hasn’t introduced an Apple car. Huawei and Xiaomi, whose phones battle the iPhone for supremacy in China, both released new cars this week with advanced digital features...

The December version of the Richmond Fed Manufacturing Index, arguably the second most important regional manufacturing survey in the country (behind Philadelphia), printed in the hole, dropping at the headline to -11 from November's -5. This came one day after the Dallas Fed Manufacturing Index printed for December in contraction for a jaw dropping 20th consecutive month. This forced traders into Treasury debt securities, as the yield for the U.S. 10-Year Note dropped 10 basis points to 3.79% and the yield for the U.S. 2-Year Note dropped 11 basis points to 4.24% (Both of these products have found some overnight support at these levels)...

In 2024, Apple will release its first new hardware product in close to a decade. If demand for the bulky Vision Pro virtual reality headsets is high, the company will be one step closer to proving that its future does not rest on iPhone sales. In the past five years it has surpassed $1tn, $2tn and $3tn market cap milestones...

Apple resumed sales of watches after an appeals court temporarily paused an International Trade Commission ban on the product, while Chilean lithium miner SQM jumped after it reached a deal to extend access to lithium-rich deposits in that country for three decades. Here’s what investors need to know today...