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 to 419,800 yuan (about $50,360 … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on January 3, 2024, in New York City. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need … Read more
Everybody likes a comeback story. Constellation Brands ‘ stock has stalled, leaving long-time shareholders like us frustrated. However, the Mexican beer powerhouse has an opportunity to redeem itself with Friday’s quarterly earnings print. Constellation is set to report its fiscal 2024 third quarter before the opening bell. Analysts expect revenue to grow 2.5% to $2.5 … Read more
North Korean leader Kim Jong Un visits Korean People’s Army Air Force headquarters on the occasion of Aviation Day in North Korea, in this picture released by North Korea’s Korean Central News Agency (KCNA) on December 1, 2023. KCNA | Reuters South Korea has reportedly ordered civilians on the border island of Yeonpyeong to move … Read more
Shares of Alibaba-backed Robosense Technology fell 2% on its Friday debut in the first new listing on the Hong Kong stock exchange this year. Robosense, a Chinese developer of laser imaging, detection and ranging (LiDAR) sensors for self-driving cars, announced January that it had raised HK$985.12 million ($126.14 million) in its IPO by offering 22.9 … Read more
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 contributions, that may let workers … Read more
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 robust as to trigger more … Read more
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. According to Cramer, the market … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on January 3, 2024, in New York City. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need … Read more
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 wide range of offerings in … Read more
