A man counts 100 renminbi notes with the Chinese flag in the background. Sheldon Cooper | SOPA Images | LightRocket | Getty Images GUANGZHOU, China — Interest in China’s digital yuan project could in part be driven by the surging price of bitcoin, China’s central bank said Thursday, even as […]
CNBC News
Chinese electric car start-ups Nio and Xpeng defy first quarter weakness with March surprise
Xpeng CEO He Xiaopeng stands next to the company’s P7 electric sedan as he addresses media at the 2020 Beijing auto show. Evelyn Cheng | CNBC BEIJING — Two of China’s U.S.-listed electric car start-ups beat market expectations in their March deliveries, with both companies setting quarterly records. Xpeng said Thursday […]
United Airlines tells staff it’s hiring hundreds of pilots next month as carrier plans for a travel recovery
A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport. Justin Sullivan | Getty Images United Airlines on Thursday told staff it will soon begin hiring hundreds of pilots — a process the airline was forced to halt when the coronavirus pandemic devastated travel demand last […]
China’s fastest growing city wants to be the next Silicon Valley — local systems may get in the way
Employees manufacture photovoltaic cells on the production line at the Longi Green Energy Technology Co. plant in Xi’an, China, on July 21, 2020. Qilai Shen | Bloomberg | Getty Images BEIJING — As growing pressure from the U.S. pushes Beijing to build up its own technology, local systems are getting […]
Companies quiet on whether they will keep donating to GOP supporters of Georgia voting law
Several major corporations in Georgia have criticized the state’s controversial new voting restrictions, signed into law last week by GOP Gov. Brian Kemp. But some of those companies are keeping quiet on whether they will continue making donations to Kemp and other Georgia Republicans who support the law. CNBC reached […]
Micron, QuantumScape and Hyzon Motors CEOs react to Biden’s plans for infrastructure
U.S. President Joe Biden speaks about his $2 trillion infrastructure plan during an event to tout the plan at Carpenters Pittsburgh Training Center in Pittsburgh, Pennsylvania, March 31, 2021. Jonathan Ernst | Reuters Micron “This is clearly important because the semiconductors form the backbone of everything today in the economies,” […]
Myanmar has become a global flashpoint as violence escalates. Here’s what to know
A protester stands near a burning makeshift barricade during a protest against the military coup, in Yangon. STR | AFP | Getty Images Myanmar has descended into chaos as protestors show no signs of backing down against the Feb. 1 military coup that ousted the democratically elected government led by […]
Morgan Stanley and Goldman Sachs’ roles in volatility of ViacomCBS raise questions
Signage on the ViacomCBS headquarters during a winter storm in New York, U.S., on Friday, Feb. 19, 2021. Mark Kauzlarich | Bloomberg | Getty Images Morgan Stanley and Goldman Sachs, two of the firms at the center of the Archegos Capital Management unwinding, played a variety of roles before, during […]
Coinbase direct listing set for April 14 after SEC approval
The Coinbase cryptocurrency exchange application seen on the screen of an iPhone. Getty Images Cryptocurrency exchange Coinbase said Thursday that it will begin trading on April 14, after receiving regulatory clearance for its direct listing from the Securities and Exchange Commission. The company, ranked No. 10 on the 2018 CNBC Disruptor 50 list, […]
Cramer’s week ahead: A ‘bad news is good news’ kind of market
CNBC’s Jim Cramer said Thursday he won’t be surprised if the March jobs report is soft. “Yesterday, I suggested that the counter-trend rally in tech could continue for a few more days before it ebbs,” the “Mad Money” host said. “So far that forecast stands, but without a cool employment […]