Nio holds a product event in Shanghai on Sept. 21, 2023. Evelyn Cheng | CNBC BEIJING — Chinese electric car company Nio said Thursday it will launch its lower-priced brand called Onvo on May 15. The announcement comes amid a price war in China’s highly competitive electric car market that’s forced Tesla to cut prices. … Read more
Containers sit at the Yangshan Port in Shanghai, China, Aug. 6, 2019. Aly Song | Reuters BEIJING — China’s customs agency released data Thursday that showed exports rose in-line with expectations in April, while imports surged ahead of forecasts. China’s exports rose by 1.5% year-on-year in April in U.S. dollar terms, while imports climbed by … Read more
Shenzhen-based LimX Dynamics shows off one of its humanoid robots. Limx Dynamics BEIJING — ChatGPT-like artificial intelligence is speeding up research and bringing humanoid robots closer to reality in China, home to many of the world’s factories. AI has been around for decades. What’s changed with the emergence of OpenAI’s ChatGPT chatbot is the ability … Read more
After Reddit’s first earnings report post-IPO, CEO Steve Huffman told CNBC’s Jim Cramer that his company is commercial by nature, saying that both users and advertisers are drawn to the platform. “Reddit is, I think, inherently commercial in a maybe non-obvious way,” Huffman said. “People are on Reddit talking about what they love to do … Read more
CNBC’s Jim Cramer said the market sell-off may have reached an end, noting that the averages rallied on Monday and “maybe the worst is behind us.” ‘”I think the sell-off could finally be over,” he said. “Stop waiting for a correction to give you better buying opportunities, we just had one for heaven’s sake.” Cramer … Read more
OMAHA, Neb. — Warren Buffett revealed that he dumped Berkshire Hathaway’s entire Paramount stake at a loss. “I was 100% responsible for the Paramount decision,” Buffett said at Berkshire’s annual shareholder meeting. “It was 100% my decision, and we’ve sold it all and we lost quite a bit of money.” Berkshire owned 63.3 million shares … Read more
OMAHA, Neb. — Warren Buffett said that Berkshire Hathaway is looking into an investment in Canada. “We do not feel uncomfortable in any shape or form putting our money into Canada,” he told an arena full of investors Saturday. “In fact, we’re actually looking at one thing now.” The billionaire investor has placed bets in … Read more
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nevada on May 3, 2024. David A. Grogen | CNBC OMAHA, Nebraska — Warren Buffett’s Berkshire Hathaway cut its gigantic Apple stake in the first quarter as the “Oracle of Omaha” continued to downsize his one-time favorite bet. In its … Read more
CNBC’s Jim Cramer on Friday guided investors through the upcoming earnings-packed schedule on Wall Street, saying to focus on reports from companies such as Uber, Disney and Warner Bros. Discovery. Since April’s labor report was weaker than expected, he said investors can worry less about the Federal Reserve’s next move. “Now that it’s clear the … Read more
Squishmallows of Waren Buffett and Charlie Munger display at the Berkshire Hathaway Annual Shareholders Meeting at Omaha, Nevada on May 3, 2024. Sarah Min | CNBC OMAHA, Nebraska — Warren Buffett’s annual shopping event, the pregame to Berkshire Hathaway‘s annual meeting, is wowing shareholders flocking to Omaha this weekend. With over 20,000 square feet of … Read more
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