EV firm Atlis plans US stock market listing amid IPO drought

Atlis Motor Vehicles has become the latest startup in the electric-vehicle space to unveil plans for an initial public offering as the global push towards electrification accelerates.

The company intends to list on the Nasdaq this summer under the ticker symbol"AMV" and will use the IPO proceeds to scale up operations, it said on Wednesday. Atlis declined to disclose how much it expected to raise through its offering.

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Stocks inch up, US yields near 3% as markets ready for Fed hikeMILAN : World stocks rose slightly on Tuesday and U.S. 10-year Treasury yields held near 3 per cent as investors prepared for the Federal Reserve's biggest rate hike since 2000.In a busy week for central bank meetings, Australia's central bank raised its key rate by a bigger-than-expected 25 basis points
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