A general view shows the new semiconductor plant by Japan Advanced Semiconductor Manufacturing Company (JASM), a subsidiary of Taiwan’s chip giant TSMC (Taiwan Semiconductor Manufacturing Company), in Kikuyo of the Kikuchi district, Kumamoto prefecture on February 14, 2024. (Photo by Philip FONG / AFP) (Photo by PHILIP FONG/AFP via Getty […]
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Electric air transport is set to take off with taxis, ambulances, cargo deliveries by end of this decade
A model of a Wisk Aero LLC electric vertical takeoff and landing (eVTOL) air taxi during the Singapore Airshow in Singapore, on Wednesday, Feb. 21, 2024. Bloomberg | Bloomberg | Getty Images SINGAPORE — Among displays of defense jets, passenger airliners and high-tech aviation equipment at the Singapore Airshow were […]
After doubts about Alibaba’s future, co-founder Joe Tsai says: ‘We’re back’
Trader works at the post where Alibaba is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 28, 2023. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters Chinese e-commerce giant Alibaba is back on track to be a top market player after a period […]
China de-linking talk is overdone and it’s still key to the global economy, Asian Development Bank says
View of Shanghai skyline from a container station. Yaorusheng | Moment | Getty Images China is still a critical trading partner for many countries across the world, and the often-used narrative of the superpower being delinked from the global economy is overdone, says the Manila-headquartered Asian Development Bank. “China’s still […]
Xiaomi bets big on its new electric vehicle — targets 20 million premium users
Chinese consumer electronics company Xiaomi revealed Thurs., Dec. 28, 2023, its long-awaited electric car, but declined to share its price or specific release date. CNBC | Evelyn Cheng BEIJING – Chinese smartphone company Xiaomi believes it’s identified a consumer niche that will pay up for its upcoming electric car in […]
Billionaire-backed Koch network halts Nikki Haley campaign funding after South Carolina loss
Republican presidential candidate and former U.S. Ambassador to the United Nations Nikki Haley reacts while speaking about her husband, Maj. Michael Haley, who is currently deployed with the South Carolina National Guard, during a campaign stop at the Clemson University at Greenville ONE building ahead of the Republican presidential primary […]
Chinese tech firm Lenovo shows off a laptop with a see-through screen
Lenovo’s concept laptop has a see-through screen. Arjun Kharpal | CNBC Chinese tech giant Lenovo showed off a prototype laptop on Monday that has a see-through screen, underscoring how the world’s largest PC maker is trying to innovate after a brutal couple of years for the market. The laptop is […]
BP exec’s husband guilty of insider trading $1.8 million, snooped on her calls
A general view of the BP logo and petrol station forecourt sign on January 22, 2024 in Southend, United Kingdom. John Keeble | Getty Images News | Getty Images The husband of a former BP merger and acquisitions manager pleaded guilty to securities fraud related to insider trading by eavesdropping […]
Here’s how I see the Fed’s rate-cut dilemma playing out — and 5 more themes for 2024
The following passage has been adapted from Jim Cramer’s opening monologue at Saturday’s annual meeting of the CNBC Investing Club. The single biggest issue we will be struggling with for the rest of the year is not how many Federal Reserve interest rate cuts we will have but whether the […]
In a letter to employees, AT&T CEO apologizes for widespread outage, says some customers will receive credits
A pedestrian walks in front of an AT&T location in New York. Scott Mlyn | CNBC The CEO of AT&T on Sunday apologized for the widespread cellular outage that knocked out service for thousands of customers, saying some accounts will receive credits to compensate for the incident. “For the portion […]