Chinese electric vehicle company Xpeng told CNBC on Friday that its newly launched X9 model could be a “game changer” for the industry. Xpeng launched the X9 large 7-seater EV on Jan. 1, a car built on its SEPA2.0 architecture for the Chinese market. The X9 series are priced between 359,800 yuan […]
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North Korea fires 200 artillery shells near Yeonpyeong Island; South reportedly orders evacuation
A shelter for protecting residents from potential North Korean attacks stands on Yeonpyeong Island, South Korea, on Friday, June 26, 2020. On the sleepy island of Yeonpyeong, the threat of conflict is constant with North Korean coastal howitzers just 11 kilometers (7 miles) away and propaganda banners visible through binoculars. […]
It’s an ‘amazing time’ to be a woman in business. Female founders say the entrepreneurial landscape is changing
In 2022, only 2.1% of venture capital investments in the U.S. went to businesses that are founded solely by women. But some say the gap may be closing. Maskot | Digitalvision | Getty Images Starting a business is always challenging and while women have historically faced additional challenges, some female […]
Musk once laughed off BYD as a threat. Now the Chinese giant has taken Tesla’s EV crown — here’s how
Chinese automaker BYD had one of the biggest stands at the IAA show in Munich, Germany in 2023. Arjun Kharpal | CNBC Elon Musk dismissed BYD in 2011 by laughing at their products during a Bloomberg interview. “Have you seen their car?” Musk quipped. “I don’t think it’s particularly attractive, […]
Second set of Jeffrey Epstein court filings unsealed in New York
Jeffrey Epstein and Ghislaine Maxwell attend de Grisogono Sponsors The 2005 Wall Street Concert Series Benefiting Wall Street Rising, with a Performance by Rod Stewart, at Cipriani Wall Street in New York City on March 15, 2005. Joe Schildhorn | Patrick McMullan | Getty Images A second batch of court […]
Jim Cramer reviews the worst performers on the Nasdaq-100 in 2023
CNBC’s Jim Cramer on Thursday gave his take on the worst performers in the Nasdaq-100 in 2023. Cramer compared each company’s closing price in 2022 to the end of 2023, noting the biggest losers. The list included healthcare companies as well as several utilities outfits. “You’ve heard of the Dogs […]
Jim Cramer says new leaders will catch Wall Street’s eye in January
CNBC’s Jim Cramer on Thursday predicted the market will continue to broaden through January, suggesting the “Magnificent Seven” tech stocks may take a back seat on Wall Street. He said he’s had “an explosion of positive ideas from every nook and cranny of the market” since the new year started. […]
BYD’s five best-selling cars, including one edging out Tesla’s Model Y in China
BYD’s new luxury brand Yangwang is selling its first model, the U8, for more than 1 million yuan (US$160,000). CNBC | Evelyn Cheng BEIJING — BYD has overtaken Tesla again by the sheer number of new energy vehicles produced in 2023, thanks in part to the Chinese automaker’s hybrids and […]
Friday’s jobs report will be a big signal for a market looking for good news
A now hiring sign is posted in front of a U-Haul rental center on November 03, 2023 in San Rafael, California. Justin Sullivan | Getty Images When the December jobs report is released Friday morning, markets will be looking for a number that hits a sweet spot between not so […]
High earners have a little-known option to boost 401(k) plan savings: It’s ‘the best place’ to save more, expert says
Klaus Vedfelt | Getty Images To live your best life in retirement, it helps to make the most contributions while you’re working. Employees who participate in 401(k) plans can put up to $23,000 in pretax or post-tax Roth contributions in 2024. But there’s another limit, $69,000, including employee and employer […]