Chinese battery and electric vehicle maker BYD shows off a model of its Han EV series at the 2020 Beijing auto show. Evelyn Cheng | CNBC BEIJING — Chinese electric car company BYD is feeling the hit of rising battery material costs. Backed by U.S. billionaire Warren Buffett, the automaker […]
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Asia’s worst stock market last year is now one of the region’s top performers
A cyclist rides before the city skyline at Marina Bay in Singapore. Roslan Rahman | AFP | Getty Images SINGAPORE – Singapore’s stock market is staging a strong comeback. The benchmark Straits Times Index ended 2020 as the worst performer in Asia, losing 11.8% through the year. But the STI […]
‘History will judge us harshly’: Myanmar special envoy to the UN calls for tougher sanctions
Sanctions on Myanmar’s military need to get tougher as the regime escalates violence on the ground, the country’s special envoy to the United Nations told CNBC this week. “We need immediately international targeted, coordinated, tougher sanctions, both economically and diplomatically,” said Dr. Sasa. Beyond punishing sanctions, the UN Security Council […]
New York state legislature passes bill to legalize recreational marijuana
New York’s state legislature passed a bill Tuesday to legalize recreational marijuana, and Gov. Andrew Cuomo said he would sign it. The state Senate voted 40-23 to pass the legislation. Later in the evening, the state Assembly voted 100-49 in favor of the bill. If the bill is signed, the […]
Morgan Stanley picks 5 stocks that could get a boost if China cuts emissions
A worker pours molten iron into a mold at a mill manufacturing marine engine components in Huaian, Jiangsu province, China February 11, 2019. Reuters China says it wants to reach net zero carbon emissions by 2060 — a move that will significantly benefit some companies in China and the U.S., […]
Covid in Brazil ‘completely out of control,’ says Sao Paulo-based reporter
Brazil just reached a grim Covid-19 milestone, and a reporter based in Sao Paulo doesn’t see the situation improving in the near future. “We have people dying because of lack of oxygen, people are literally suffocating,” Patricia Campos Mello, a reporter for Folha de Sao Paulo, told CNBC’s “The News […]
GOP Rep. Matt Gaetz reportedly under DOJ investigation for possible sex trafficking of 17-year-old; he says he’s being extorted
The Department of Justice is investigating whether Republican Rep. Matt Gaetz of Florida had a sexual relationship with a 17-year-old girl and paid for her travels with him, The New York Times reported Tuesday. The government is examining whether Gaetz violated federal sex trafficking laws, according to the newspaper, which […]
The message Microsoft is sending to managers after a decline in team connectedness
A Microsoft patch is shown on the shirt of an employee at the Nokia Oyj mobile handset factory in Komarom, Hungary. Akos Stiller | Bloomberg | Getty Images Programming note: The CNBC @Work Summit returns this fall on October 13. Facebook CIO Atish Banerjea, Bank of America COO/CTO Cathy Bessant, WeWork CEO Sandeep Mathrani and […]
Los Angeles Rams safety Taylor Rapp to launch NFT and donate funds to fight anti-Asian hate
Taylor Rapp #24 of the Los Angeles Rams warms up prior to a team scrimmage at SoFi Stadium on August 29, 2020 in Inglewood, California. Sean M. Haffey | Getty Images Los Angeles Rams safety Taylor Rapp is joining the non-fungible token boom and donating proceeds to help Asian communities […]
Cramer says there’s no reason for Ark’s new space ETF to exist
CNBC’s Jim Cramer said Tuesday he was skeptical about the latest exchange-traded fund launched by Cathie Wood’s Ark Invest. “One look at the newly launched ARK Space Exploration ETF tells you everything you need to know about how managers can’t resist creating new funds, even if there’s no reason for […]