Pictured here in Nov. 2023 is a storefront for Chinese retailer Miniso in London. Peter Dazeley | Getty Images News | Getty Images BEIJING — Chinese brands turning to global markets for growth have a major advantage over the first wave of Asian businesses that went global: a large ethnic Chinese diaspora. That’s according to … Read more
Beyond Meat in El Segundo, California, on May 30, 2024. Christina House | Los Angeles Times | Getty Images Beyond Meat will introduce a whole-muscle steak alternative as part of its pivot to win over health-conscious consumers. CEO Ethan Brown said on Wednesday that the rollout will likely include a partnership with a restaurant chain … Read more
Global online shopping platform Temu. Bloomberg | Bloomberg | Getty Images Two U.S. Consumer Product Safety Commission members are urging the agency to probe safety practices of “foreign-owned” e-commerce platforms like Shein and Temu, specifically the alleged sale of “deadly baby and toddler products.” In a letter late Tuesday, CPSC Commissioners Peter Feldman and Douglas … Read more
At least four people were killed and nine others injured in a high school shooting in Georgia on Wednesday. The incident occurred near the town of Winder, about 45 miles northeast of Atlanta. The Georgia Bureau of Investigation confirmed the casualty numbers and stated that the suspect is in custody and alive, but reports that … Read more
Coors beer is displayed on a store shelf on February 13, 2024 in San Rafael, California. Justin Sullivan | Getty Images Molson Coors is the latest addition to a growing list of companies reversing their diversity, equity and inclusion policies. In an internal memo sent Wednesday and obtained by CNBC, Molson Coors executives said the … Read more
Molly Richardson, 35, regularly contributes to her 401(k) plan, but the structural engineer said she isn’t too worried about retirement yet. “It’s always something I felt like I could wait until I’m 50 to figure out,” she said. Like many other working adults, Richardson has more pressing expenses for now, she said, such as the … Read more
A picture taken on June 8, 2018 shows an unidentified anchor of the Russia Today (RT) TV company as he prepares to go on the air in their studio in Moscow. Yuri Kadobnov | Afp | Getty Images The Biden administration on Wednesday will announce actions targeting Russian-government-backed efforts to manipulate American opinion before the … Read more
The U.S. produced more oil in 2023 than has ever been produced in any year by any country, according to the U.S. Energy Information Administration. Big Oil has become more productive as horizontal drilling and hydraulic fracturing, which is also known as fracking, have seen technological breakthroughs. U.S. oil production hit a low of 5 … Read more
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 30, 2024. Brendan McDermid | Reuters LONDON — European stocks tumbled in morning deals Wednesday, following losses on Wall Street and in Asia-Pacific markets. The pan-European Stoxx 600 index was 1.15% lower at 9:11 a.m. in London, … Read more
The Nvidia headquarters in Santa Clara, California, US, on Wednesday, Aug. 28, 2024. Loren Elliott | Bloomberg | Getty Images 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? … Read more
