Rep. Devin Nunes, R-Calif., ranking member of the House Intelligence Committee, speaks during an impeachment inquiry hearing in Washington, Nov. 13, 2019. Andrew Harrer | Bloomberg | Getty Images Shares of Trump Media shot up more than 9% on Wednesday, hours after the company revealed it was urging House Republican committee leaders to investigate possible … Read more
The Japan flag is juxtaposed against a Japanese yen bank note. Javier Ghersi | Moment | Getty Images The yen slipped past 155 against the U.S. dollar on Thursday, touching a new 34-year low against continued strength in the greenback. The weakness comes as the Bank of Japan is due to release its monetary policy … Read more
CNBC’s Jim Cramer said Wednesday that he doesn’t feel great about the stock market right now, but is optimistic for the longer term. Cramer said the market’s not so ugly that cash is king and investors should bail completely from it, but he indicated that it’s still a good idea to have some on hand. … Read more
Pictured here is the Zeekr 001 electric car at a services trade fair in Beijing on Aug. 31, 2023. China News Service | China News Service | Getty Images BEIJING — Chinese electric car brand Zeekr is selling more vehicles than Tesla in parts of China, and plans to expand in Europe and Latin America … Read more
Residential buildings under construction at the Phoenix Palace project, developed by Country Garden Holdings Co., in Heyuan, Guangdong province, China in September 2023. Bloomberg | Bloomberg | Getty Images BEIJING — China’s state-directed economy may be creating the conditions for a new wave of bond defaults that could come as soon as next year, according … Read more
The Xiaomi SU7 on display at the Mobile World Congress 2024. Arjun Kharpal | CNBC BEIJING — Chinese smartphone company Xiaomi‘s new electric vehicle is selling better than expected, putting it closer to break-even despite undercutting Tesla‘s Model 3 on price. Xiaomi has received more than 70,000 orders for its electric SU7 sedan as of … Read more
CNBC’s Jim Cramer admitted it’s been hard to “parse this economy,” but on Tuesday he pointed to signs that it is slowing down, looking at several recent weak earnings reports and new U.S. manufacturing and services data. Cramer referred to these factors as “brown shoots” that are disrupting U.S. economic growth. “When you combine the … Read more
The artificial intelligence revolution is just getting started, and that means there are opportunities for investors to scoop up some names at a discount, according to Evercore ISI. Since OpenAI’s ChatGPT exploded onto the scene in late 2022, mentions of generative AI have risen dramatically across C-suite transcripts, senior managing director Julian Emanuel wrote in … Read more
Traders work on the floor of the New York Stock Exchange during afternoon trading on Feb. 5, 2024. Michael M. Santiago | Getty Images U.S. stock futures edged higher on Tuesday as the corporate earnings season picked up steam, and investors looked to build on the strong gains from the previous session. Dow Jones Industrial … Read more
IQiyi, sometimes dubbed the “Netflix” of China, swung to a profit in 2023 for the first time since it listed in the U.S. in 2018. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese video streaming platform iQiyi is turning its attention to the country’s aging population, while using artificial intelligence tools to bolster content … Read more
