Huawei is planning to release a three-fold smartphone on Sept. 10, just hours after Apple’s scheduled new iPhone launch. Cfoto | Future Publishing | Getty Images BEIJING — Huawei has received more than 2.7 million pre-orders for its tri-fold smartphone, its website showed on Monday. The Chinese company began pre-orders for its Mate XT midday … Read more
egetable prices in China have risen significantly this summer, with analysts pointing to high temperatures and frequent rainfall as the main reasons. Vcg | Visual China Group | Getty Images BEIJING — China on Monday reported its consumer price index rose by 0.6% year on year in August, missing expectations as costs of transportation and … Read more
Exchange-traded fund inflows have already topped monthly records in 2024, and managers think inflows could see an impact from the money market fund boom before year-end. “With that $6 trillion plus parked in money market funds, I do think that is really the biggest wild card for the remainder of the year,” Nate Geraci, president … Read more
Pharmaceuticals firm Wockhardt firmly denied recent allegations concerning rent payments made by its associate company, Carol Info Services, and their link to orders issued by the Securities and Exchange Board of India (SEBI), via a filing after the market hours on Friday. “It has come to our attention that there are certain allegations pertaining to … Read more
CNBC’s Jim Cramer on Friday discussed what to look out for next week on Wall Street, highlighting the launch of the new iPhone 16 from Apple, earnings from enterprise software company Oracle and a consumer price index reading. He also opined on the nature of September, saying it is usually a rough time for the … Read more
As Wall Street braces itself for the results of Friday’s labor report, CNBC’s Jim Cramer told investors not to make any major moves and listed off certain mistakes that he thinks many are making. “We’re just playing the waiting game, with all extremes off the table,” he said. “Sometimes it’s okay just to sit on … Read more
Yi Gang was governor of the People’s Bank of China from 2018 to 2023. He is pictured here speaking at the Peterson Institute for International Economics in Washington, DC, US, on Saturday, April 15, 2023. Bloomberg | Bloomberg | Getty Images SHANGHAI — China’s policymakers need to focus on boosting domestic demand, Yi Gang, former … Read more
As the football season kicks off with a game between the Baltimore Ravens and the Kansas City Chiefs, CNBC’s Jim Cramer drafted his annual fantasy portfolio, equating his favorite stocks with top players in the National Football League. “If you play fantasy football, you’ve probably already drafted, so good luck to your team,” he said. … Read more
Instead of high-net-worth individuals, C-suite executives in China are increasingly using business jets, said Paul Desgrosseilliers, general manager at ExecuJet Haite General Aviation Services. The company opened a new service center at Beijing Daxing International Airport on Aug. 27, 2024. ExecuJet Haite BEIJING — China’s wealthy are increasingly looking for ways to move capital outside … Read more
In a Wednesday interview with CNBC’s Jim Cramer, AeroVironment CEO Wahid Nawabi reviewed the most recent quarter and suggested that the defense contractor’s drones were affordable compared to the competition. “Our drones are incredibly affordable relative to the drones that many of our adversaries design and build,” he said. “The effectiveness of our drones and … Read more
