A worker unloads a new Tesla Model 3 from a truck at a logistics drop zone in Seattle, Washington, US, on Thursday, Aug. 22, 2024. Bloomberg | Bloomberg | Getty Images Tesla posted its third-quarter vehicle production and deliveries report on Wednesday. The stock fell about 3.5% in premarket trading after the report. Here are the … Read more
A girl hugging a young cattle at a breeding farm in Chongqing, China. Vcg | Visual China Group | Getty Images Fed up with China’s employment situation, young people on the mainland are retreating to the countryside. China’s Gen Z and millennials are increasingly documenting their rural day-to-day “retirement” lives on social media after declaring … Read more
SHENZHEN, CHINA – MARCH 09: View of high commercial and residential buildings on March 9, 2016 in Shenzhen, China. General economic slowdown continues in China while the property price and stock bubble faces risk. (Photo by Zhong Zhi/Getty Images) Zhong Zhi | Getty Images News | Getty Images Shares of most Hong Kong-listed Chinese property … Read more
Canada and China, two flags waving against blue sky. 3d image Aleksandra Aleshchenko | Istock | Getty Images China on Wednesday announced that it has filed an appeal with the World Trade Organization, asking the organization to rule on the recent tariffs that Canada imposed on Chinese electric vehicles and metal products. In August, Canada … Read more
“Regarding India, there are concerns in the markets that portfolio rebalancing could favor undervalued Chinese stocks, contributing to some hesitation in price movements,” says Radhika Rao, DBS Bank. My opening statement was framed as a question to you. We have seen a stimulus blitz take place in China, which was much needed to revive the … Read more
A shopping street in Steglitz district, Berlin, Germany. Getty Images LONDON — European stocks kicked off October trading in positive territory after ending September on a somber note. The pan-European Stoxx 600 was slightly higher, up 0.07%, by 8:30 a.m. London time. Sectors and major bourses diverged, with tech stocks adding 0.9%, while household goods … Read more
A customer watches stock market at a stock exchange in Hangzhou, China, on September 27, 2024. Costfoto | Nurphoto | Getty Images BEIJING — The rocket higher in Chinese stocks so far looks different from the market bubble in 2015, analysts said. Major mainland China stock indexes surged by more than 8% Monday, extending a … Read more
U.S. crude oil prices are on pace for a third monthly loss in a row in September as rising supplies from OPEC+ and weak demand in China haunt the market. The U.S. benchmark has declined more than 7% for the month, while global benchmark Brent has fallen about 9%. “Oil markets are experiencing a panic … Read more
The electric vehicles (EVs) in India are set to consume a significant share of the country’s electricity by 2035, highlighted a report by IKIGAI Asset Manager Holdings, an investment management firm. According to the report, EVs are expected to account for 6 to 8.7 per cent of India’s total electricity consumption by 2035, reflecting the … Read more
Traders work on the floor at the New York Stock Exchange. Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you … Read more
