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U.K. Nationwide HPI (MoM) For November 1.2% Vs. 0.2% Est.; 0.1% Prior

U.K. Nationwide HPI (YoY) For November 3.7% Vs. 2.4% Est.; 2.4% Prior

New capabilities include proactive, personalized customer outreach, improved self-service, generative AI safeguards, and manager tools for agent coaching
 &nbsp;

AMZN

Reported Earlier, AWS Brings Generative AI To Amazon Connect, Enabling Dynamic Self-Service And Intelligent Customer Interactions

President-elect Donald Trump&#8217;s threat to impose 100% tariffs on BRICS nations if they create an alternative to the U.S. dollar has drawn mixed reactions from leading economists, highlighting tensions over <a href="https://www.benzinga.com/news/global/24/12/42257504/trump-threatens-brics-nations-with-100-tariffs">global trade and currency dominance</a>.
What Happened: Milken Institute Chief Economist William Lee suggests Trump&#8217;s approach reflects his preference for direct bilateral negotiations over multilateral agreements. 
&#8220;Trump has shown his desire for direct negotiations,&#8221; Lee said, noting the contrast with President Joe Biden&#8216;s behind-the-scenes approach to trade deals. Lee emphasized that Trump&#8217;s tariff threats serve as leverage to drive negotiations, particularly with major trading partners.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/MilkenInstitute?ref_src=twsrc%5Etfw">@MilkenInstitute</a> Chief Economist <a href="https://twitter.com/wleeimf?ref_src=twsrc%5Etfw">@wleeimf</a> discusses why President Trump has used the threat of tariffs against its North American allies, China, and the BRICS countries. They are a reminder that making a deal with the US is better than no deal.<a href="https://t.co/AvoA762MmJ">https://t.co/AvoA762MmJ</a>
&mdash; William Lee (@wleeimf) <a href="https://twitter.com/wleeimf/status/1863390570628157701?ref_src=twsrc%5Etfw">December 2, 2024</a></blockquote>
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However, British economist Dr. Rodney Shakespeare warns that such aggressive tactics could backfire. &#8220;Trump thinks he can target BRICS countries individually, but doing this will cause BRICS to act collectively,&#8221; Shakespeare told Sputnik, suggesting that America&#8217;s declining economic hegemony could leave it vulnerable in a potential trade war.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">HITTING BRICS WITH 100% TARIFFS WOULD TRIGGER TRADE WAR US ‘WILL LOSE': ECONOMIST Dr. Rodney Shakespeare, renowned British economist, visiting professor at Trisakti University and co-founder of the Global Justice Movement, commenting on Donald Trump's threat to slap BRICS with… <a href="https://t.co/gh48eTRfUS">pic.twitter.com/gh48eTRfUS</a>
&mdash; Sputnik (@SputnikInt) <a href="https://twitter.com/SputnikInt/status/1863267333239697748?ref_src=twsrc%5Etfw">December 1, 2024</a></blockquote>
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Economist Peter Schiff offered a different perspective on X, arguing that BRICS nations are making a poor trade by exchanging goods for U.S. fiat currency, contradicting Trump&#8217;s assertion that America is being taken advantage of in current trade relationships.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Pres.-elect <a href="https://twitter.com/hashtag/Trump?src=hash&amp;ref_src=twsrc%5Etfw">#Trump</a> claims that the U.S. is a sucker for allowing BRICS nations to supply Americans with low-cost, high-quality consumer goods in exchange for paper dollars. But it&#39;s the BRICS nations that are the real suckers, as they trade their real goods for our fiat currency.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1862976880430784847?ref_src=twsrc%5Etfw">November 30, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/equities/24/12/42259188/tech-stocks-set-for-strong-santa-rally-as-wall-street-looks-for-an-end-to-regulatory-spider-web-in-the-trump-era-says-dan-ives">Tech Stocks Set For Strong Santa Rally As Wall Street Looks For An End To &#8216;Regulatory Spider Web&#8217; In The Trump Era, Says Dan Ives</a>
Why It Matters: The debate comes as BRICS, which now includes nine member nations, reportedly attracts interest from 34 additional countries. Russian President Vladimir Putin recently emphasized the bloc&#8217;s expanding influence and its plans to develop an alternative currency system, potentially <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40900255/brics-grows-fast-with-34-countries-looking-to-join-as-putin-pushes-for-new-world-currency">challenging dollar supremacy</a> in international trade.
Trump&#8217;s stance, posted on X, maintains that any move by BRICS to create an alternative currency would face severe economic consequences, including restricted access to U.S. markets. This position sets up a potential confrontation with the growing economic bloc, which represents a significant portion of global GDP and trade volume.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER. We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they…
&mdash; Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1863009545858998512?ref_src=twsrc%5Etfw">November 30, 2024</a></blockquote>
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Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42258387/biden-grants-full-and-unconditional-pardon-to-hunter-i-hope-americans-will-understand">Biden Grants &#8216;Full and Unconditional&#8217; Pardon To Hunter: &#8216;I Hope Americans Will Understand&#8217;</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Global

Economist Warns Trump That BRICS Will 'Act Collectively' And Spark A Trade War With US Over 100% Tariff Threats

New integration simplifies the use of NetApp block storage with AWS Outposts

NTAP

Reported Earlier, NetApp Partners With AWS Outposts To Streamline Block Storage For On-Premises And Edge Deployments

ITRI

Reported Earlier, Itron Deploys Advanced LV DERMS with Jemena, Addressing Grid Instability From Rooftop Solar In Australia

FFIE

Reported Earlier, Faraday Future Eyes Local Suppliers In Ras Al-Khaimah For 80% Of UAE Factory Needs

Argo, a global leader in cryptocurrency mining, is pleased to announce that it has raised gross proceeds of £4.2 million through a subscription for its ordinary shares ("Ordinary Shares") by an institution ("Subscription"), the Company will issue 76,900,000 Ordinary Shares ("SubscriptionShares") at a purchase price of 5.5 pence per Ordinary Share.
The net proceeds from the Subscription will support Argo's strategic plans and working capital needs

ARBK

Argo Blockchain Announces £4.2M Institutional Subscription To Strengthen Financial Position Amid Strategic Growth

<ul>
<li>GE HealthCare to acquire 50% stake from Sumitomo Chemical to assume full ownership of NMP, subject to regulatory approvals</li>
<li>As part of GE HealthCare, NMP, already a leading radiopharmaceutical company in Japan, will enhance patient access to next-generation radiopharmaceuticals that enable detection and diagnosis of disease</li>
<li>Acquisition positions NMP to become partner of choice for global innovators looking to bring novel radiopharmaceuticals to Japan and other Asian markets</li>
<li>Transaction bolsters GE HealthCare's Pharmaceutical Diagnostics segment and demonstrates its commitment to shaping the future of Molecular Imaging</li>
</ul>

GEHC

Reported Earlier, GE HealthCare Acquires Remaining 50% Stake In Nihon Medi-Physics (NMP) From Sumitomo Chemical

ZEEKR delivered 27,011 vehicles in November 2024, a 106% year-over-year increase. Year-to-date, ZEEKR has delivered 194,933 vehicles in 2024, representing 85% growth over the same period last year. As of the end of November 2024, ZEEKR's cumulative deliveries reached 391,566.

Reported Sunday, ZEEKR Delivered 27,011 Vehicles In November, Up 106% YoY

Li Auto Inc. delivered 48,740 vehicles in November 2024, up 18.8% year over year. As of November 30, 2024, Li Auto had delivered a total of&nbsp;441,995 vehicles in 2024, with cumulative deliveries reaching 1,075,359.

Reported Sunday, Li Auto Delivered 48,740 Vehicles In November 2024, Up 18.8% YoY

Chinese EV giant BYD Co Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) said on Sunday that the company sold 506,804 new energy passenger vehicles in November, marking a jump of nearly 68% from last year, thanks to a major jump in plug-in hybrid passenger vehicle sales.
What Happened:&nbsp;Pure passenger EV (battery electric vehicle) sales of the Chinese player rose to 198,065 in November, marking a rise of 16.4% from the corresponding month of last year.
Plug-in hybrid passenger vehicle sales in the period rose 133% to 305,938 units.
The company also sold 2,801 commercial vehicles in November, including 449 buses.
Why It Matters: BYD is the biggest rival to American EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). The company <a href="https://www.benzinga.com/news/24/01/36839203/warren-buffett-backed-byd-sees-higher-profits-for-fy23-after-taking-over-tesla-as-biggest-ev-seller" target="_blank" rel="noreferrer noopener">took over Tesla</a> as the world&#8217;s largest BEV seller in the fourth quarter of 2023. However, Tesla took back the crown in the first quarter of 2024 and has been holding on to it since.
For the third quarter between July and September, BYD&#8217;s operating revenue rose 24% to&nbsp;<a href="https://www.benzinga.com/news/24/10/41647639/teslas-chinese-rival-byd-outshines-elon-musks-ev-giant-in-quarterly-revenue-for-first-time-since-202" target="_blank" rel="noreferrer noopener">201.12 billion yuan ($28.25 billion)</a>, the company said in a filing.
Tesla, meanwhile,&nbsp;<a href="https://www.benzinga.com/news/earnings/24/10/41501607/tesla-q3-earnings-highlights-eps-beat-revenue-miss-shares-climb-on-2025-timeline-for-lower-cost-evs" target="_blank" rel="noreferrer noopener">reported a total revenue</a>&nbsp;of only $25.18 billion in the same quarter, making it the first time since 2022 that BYD has trumped&nbsp;Elon Musk's&nbsp;EV giant in quarterly revenue. BYD stopped making combustion engine vehicles in March 2022 to focus on electric vehicles.<a href="https://www.benzinga.com/quote/tsla" target="_blank" rel="noreferrer noopener"></a>
Despite reporting higher revenue than Tesla in the third quarter, BYD's net profit continued to trail behind<a href="https://www.benzinga.com/news/earnings/24/10/41501607/tesla-q3-earnings-highlights-eps-beat-revenue-miss-shares-climb-on-2025-timeline-for-lower-cost-evs" target="_blank" rel="noreferrer noopener">&nbsp;Tesla's net income of $2.167 billion</a>. The company reported a diluted earnings per share of 4 yuan (56 cents) for the quarter, lower than Tesla's adjusted earnings per share of 72 cents. Tesla, however, makes only battery electric vehicles, unlike BYD which also manufactures plug-in hybrids. 
BYD Executive Vice President&nbsp;He Zhiqi&nbsp;<a href="https://www.benzinga.com/news/24/11/41706373/tesla-rival-byd-hired-over-200k-employees-in-3-months-to-speed-up-ev-production">said on Weibo</a> in November that the company hired over 200,000 people from August to October&nbsp;for car and components manufacturing and increased production by nearly 200,000 vehicles.
In November alone, the company made 540,588 new energy vehicles as compared to 316,510 in the corresponding month of 2023. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/space/24/11/42183996/faa-invites-comments-on-increasing-spacexs-starship-launches-by-5x-to-25-next-year" target="_blank" rel="noreferrer noopener">FAA Invites Comments On Increasing SpaceX's Starship Launches By 5X To 25 Next Year</a></li>
</ul>
Photo courtesy: Shutterstock

Markets

Tech

BYDDF

BYDDY

TSLA

Tesla Rival BYD Marks 68% Growth In November Sales Driven By Popularity Of Plug-In Hybrid EVs

<ul>
<li>20,575 vehicles were delivered in November 2024,&nbsp;increasing by 28.9% year-over-year</li>
<li>190,832 vehicles were delivered year-to-date in 2024, increasing by 34.4% year-over-year</li>
<li>Cumulative deliveries reached 640,426 as of November 30, 2024&nbsp;&nbsp;</li>
</ul>

Reported Sunday, NIO's November 2024 Delivery Update: Delivered 20,575 Vehicles, Up 28.9% YoY

XPENG delivered 30,895 Smart EVs in November 2024, representing growth of 54% year-over-year and 29% over the prior month. Deliveries of XPENG MONA M03 exceeded 10,000 units for the third consecutive month since its launch. After 23 days of launch, deliveries of XPENG P7+ exceeded 7,000 units. For the first eleven months of 2024, XPENG delivered 153,373 Smart EVs, a 26% increase from the same period last year.
In November, XNGP‘s monthly active user penetration rate in urban driving reached 85%. On November 15, 2024, the opening day of Guangzhou Auto Show, XPENG successfully completed testing of the industry's first "door-to-door" ADAS based on a unified software suite, delivering a consistent experience across parking, highways, and urban roads.
Also, in November, XPENG officially entered the Nepal and UK markets.

XPEV

Reported Sunday, XPeng Delivered 30,895 Smart EVs In November 2024, Up 54% YoY

Payment-focused cryptocurrency XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) flipped Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) to become the fourth-largest cryptocurrency after a searing rally on Sunday.
What happened: The coin surged over 26% in the last 24 hours, reclaiming the $2 level after a gap of nearly seven years.&nbsp;&nbsp;
The coin topped $136 billion in market capitalization, knocking Solana out of fourth place among the largest cryptocurrencies in valuation.
The latest rally has catapulted XRP&#8217;s year-to-date gains to 286%, significantly outpacing Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42228464/ethereum-rally-gets-overshadowed-by-searing-gains-in-cheaper-plays-why-are-ens-and-etc-soaring-today">Ethereum Rally Gets Overshadowed By Searing Gains In Cheaper Plays: Why Are ENS And ETC Soaring Today?</a>
The rally was spurred by a Fox Business report about the New York Department of Financial Services' <a href="https://www.foxbusiness.com/markets/ripple-poised-new-york-approval-stablecoin-set-enter-regulated-us-crypto-market">imminent green light</a> to stablecoin RLUSD by Ripple Labs—the blockchain-based company using XRP for its offerings.
Ripple plans to expand beyond cross-border payments—used for remittances, Treasury management, supplier payments, and international disbursements—with the launch of the new stablecoin.
Additionally, as the countdown to SEC Chair Gary Gensler's <a href="https://www.benzinga.com/government/regulations/24/11/42120607/gary-gensler-to-step-down-as-sec-chair-on-trumps-inauguration-day">resignation</a> has begun, XRP investors have been aggressively loading their bags.&nbsp;
Ripple has been locked in a nearly <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40240559/xrp-outshines-bitcoin-ethereum-to-become-biggest-daily-gainer-after-judge-imposes-125m-pen">four-year-long legal battle</a> with the SEC over the status of XRP, and any change in the agency's top leadership was viewed with optimism.
Price Action: At the time of writing, XRP was trading at $2.40, up 26.66% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Shares of MicroStrategy were up 2.15% in after-hours trading.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/11/42228264/crypto-analyst-flags-convertible-debt-induced-liquidation-risk-to-michael-saylors-microstrategy">Crypto Analyst Flags Convertible Debt-Induced Liquidation Risk To Michael Saylor&#8217;s MicroStrategy</a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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$BTC

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$SOL

$XRP

XRP Beats Solana To Become 4th Largest Crypto By Market Cap On Ripple's RLUSD Stablecoin Approval Buzz

Reported Earlier, China Caixin Manufacturing Purchasing Managers Index For November 51.5 Vs. 50.6 Est.; 50.3 Prior

Reported Earlier, Australia Retail Sales (MoM) For October 0.6% Vs. 0.4% Est.; 0.1% Prior

Reported Earlier, Australia Company Gross Operating Profits (QoQ) For Q3 -4.6% Vs. 0.6% Est.; -6.8% (Revised) Prior

Reported Earlier, Australia Building Approvals (MoM) For October 4.2% Vs.1.2% Est.; 5.8% (Revised) Prior

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Capital Spending (YoY) For Q3 8.1% Vs. 6.7% Est.; 7.4% Prior

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