Nio holds a product event in Shanghai on Sept. 21, 2023. Evelyn Cheng | CNBC BEIJING — Chinese premium electric car company Nio said Thursday it plans to reveal its mass market brand in May. Executives confirmed the new brand will be named “Le Dao” in Chinese, and said the name is meant to reflect … Read more
Senate Senate Health, Education, Labor, and Pensions Committee Chairman Bernie Sanders (I-VT) questions witnesses with ranking member Sen. Bill Cassidy (R-LA) during a hearing about working hours in the Dirksen Senate Office Building on Capitol Hill on March 14, 2024 in Washington, DC. Chip Somodevilla | Getty Images Sen. Bernie Sanders and Senate Democrats cited … Read more
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 20, 2024. Brendan Mcdermid | Reuters Adobe shares tumbled as much as 9% in extended trading on Thursday after the design software maker issued strong fiscal first-quarter results but … Read more
The Morgan Stanley digital sign is seen at the company’s Times Square headquarters in New York, U.S., on Friday, Jan. 12, 2016. John Taggart | Bloomberg | Getty Images Morgan Stanley promoted a tech executive in its wealth management division to become the bank’s first head of firm-wide artificial intelligence, CNBC has learned. The bank … Read more
Packages move along a conveyor at an Amazon fulfillment center on Cyber Monday in Robbinsville, New Jersey, on Nov. 29, 2021. Michael Nagle | Bloomberg | Getty Images Amazon will host a spring sale next week with discounts on seasonal items, and this one is not restricted to Prime members. Amazon said Thursday that the … Read more
A UPS seasonal worker delivers packages on Cyber Monday in New York on Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images Just before midnight on May 4, 2023, police were called to an Amazon warehouse in Chattanooga, Tennessee, to investigate a reported theft. They were met by a loss prevention employee, who directed … Read more
[The livestream is slated to start at 8:52 a.m. ET. Please refresh the page if you do not see the video player above.] SpaceX is set to attempt a third test flight of its Starship rocket on Thursday, as the company looks to push development of the mammoth vehicle past new milestones. Elon Musk’s company … Read more
Former Treasury Secretary Steve Mnuchin speaking on CNBC’s Squawk Box in New York on March 14th, 2024. CNBC Former Treasury Secretary Steven Mnuchin is building an investor group to acquire ByteDance’s TikTok, as a bipartisan piece of legislation winding its way through Congress threatens its continued existence in the U.S. The House of Representatives on … Read more
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. U.S. stocks were mixed Wednesday following Tuesday’s record high close for the S & P 500 on a rebound in the artificial intelligence momentum trade. One day later, tech was … Read more
Palantir CEO Alex Karp said some staffers at his software company have exited due to his public support for Israel. And he expects to see more walk out the door. “We’ve lost employees. I’m sure we’ll lose employees,” Karp said in an interview Wednesday with CNBC’s “Money Movers.” “If you have a position that does … Read more
