Boeing’s reputation has taken a significant hit this month, according to surveys conducted by Morning Consult. A report by the market research company shows net trust dropped 12 percentage points among U.S. adults from December 2023 to January 2024. Net trust represents the share of people who say they trust […]
CNBC News
Race for China’s EV market could last 3 years, BYD says, claiming it wants to work with Tesla
Chinese automaker BYD had one of the biggest stands at the IAA show in Munich, Germany in 2023. Arjun Kharpal | CNBC BEIJING — Competition for China’s electric car market will continue to heat up in the next two to three years, according BYD, which claimed it wants to work […]
Alibaba-backed Xreal, rival to Apple’s Vision Pro, claims it’s now an AR glasses unicorn
Xreal Air 2 in action. Xreal’s augmented reality glasses is compatible with gaming consoles and can allow users to play games on a large virtual screen Xreal BEIJING — Alibaba-backed augmented reality glasses company Xreal said Monday it received $60 million in new funding, giving the company a valuation of […]
Activist investors in Gildan Activewear will have chance to bring back fired CEO at special meeting
Gildan apparel at a store in Montreal, Quebec, Canada, on Friday, Dec. 15, 2023. Graham Hughes | Bloomberg | Getty Images The board of directors for Gildan Activewear, facing pressure from activists to reinstate the company’s fired CEO, have agreed on Monday to call a special meeting that could determine […]
How ‘quiet luxury’ is subtly taking over investor portfolios
VIENNA, AUSTRIA – NOVEMBER 25, 2022: Karin Teigl is seen wearing Hermès yellow leather mini Kelly, Baum & Pferdgarten green leather jacket, Lumina beige cropped turtleneck sweater and vintage checked green yellow pants. Jeremy Moeller | Getty Images Quiet luxury was one of last year’s biggest viral fashion trends on […]
Busy Fed week, tech earnings could dictate the course of this rally, Fundstrat’s Tom Lee says
Managing Partner and the Head of Research at Fundstrat Global Advisors, speaking on CNBC’s The Exchange on Oct. 31st, 2023. Adam Jeffery | CNBC Investors are embarking on a hectic week with key tech companies reporting and a big Federal Reserve meeting – and it could shape the next steps […]
DOJ and SEC unveil charges in $1.9 billion HyperFund cryptocurrency fraud
The U.S. Department of Justice in Washington, D.C., June 20, 2023. Kevin Dietsch | Getty Images News | Getty Images The Department of Justice on Monday announced criminal charges against two people and the guilty plea of a third person for orchestrating a worldwide $1.9 billion cryptocurrency Ponzi fraud scheme […]
Retail return fraud is rising as consumers send back purchases in droves
As retailers tried to win shoppers and boost sales in recent years, they made their online return policies more lenient than ever. But those changes have come at a cost. As more consumers shop online and send back more of those orders, retailers have moved to crack down on fraud. […]
Elon Musk’s Neuralink implants brain tech in human patient for the first time
Jonathan Raa | Nurphoto | Getty Images Elon Musk‘s neurotech startup Neuralink implanted its device in a human for the first time on Sunday, and the patient is “recovering well,” the billionaire said in a post on X, formerly known as Twitter, on Monday. The company is developing a brain […]
Tech companies focused on enterprise customers are dominating the market, Cramer says
CNBC’s Jim Cramer on Monday said tech companies dominate the market because their primary customers are cash-rich businesses, not strapped consumers. “We have a market made of companies that sell into the enterprise and those stocks are doing fabulously,” he said. “Then we have even more companies who serve the […]