Tesla‘s recent run of positive press continues, as the electric vehicle giant recently began to take orders for its new Model Y L car from the massive Chinese market. In recent years, Tesla‘s primacy in the world’s most populous nation has been challenged by the rise of Chinese competitors. For instance, sales of Chinese-made cars…
The car company run by Elon Musk asked a federal court Friday to dismiss massive damages awarded to victims of a deadly crash, arguing that their lawyers had misled the jury by improperly bringing up the billionaire during the trial. The filing in Miami federal court seeks to overturn the $243 million award after a 22-year old…
NEW YORK (AP/By BERNARD CONDON ) — The car company run by Elon Musk asked a federal court Friday to dismiss massive damages awarded to victims of a deadly crash, arguing that their lawyers had misled the jury by improperly bringing up the billionaire during the trial. The filing in Miami federal court seeks to…
The August jobs report next week will be a key hurdle for a stock market that’s at all-time highs heading into what’s historically the worst month for equities. The question of Federal Reserve independence will also add to near term challenges. When it comes to monetary policy, the stakes are high for nonfarm payrolls. As far…
Welcome to our guide to the commodities markets powering the global economy. Today, China-based energy reporter Dan Murtaugh asks what the rest of the world can learn from the nation’s success in deploying offshore wind turbines. It was only a few years ago that the offshore wind industry conjured a future with a near-limitless supply…
There were no birds onstage at the University of Hong Kong last weekend, but the sounds – trills, hoots, warbles – suggested otherwise. In the city’s first-ever bird call competition, participants took turns mimicking the songs of local species, from the chestnut-winged cuckoo to the Asian barred owlet. Some wore feathered costumes, others brought props….
Eric Trump and Donald Trump Jr during the Bitcoin 2025 conference in Las Vegas, Nevada, US, on Wednesday, May 28, 2025. Bloomberg | Bloomberg | Getty Images Eric Trump said Friday he is certain bitcoin will eventually hit a $1 million valuation as he spoke at a Hong Kong conference, marking the first of a…
Rising geopolitical tensions and global security threats continue to put authorities around the world to the test. While the Hong Kong government has rightly sought to enhance readiness and responses to emergencies by conducting counterterrorism exercises over the years, Thursday’s drill marks another milestone in the city’s strategy to defend internal and national security. What…
Cambricon, a China-based semiconductor firm, posted record profit in the first half of the year, along with revenue that surged roughly 4,300%. The earnings, released late Tuesday, serve as an example of Nvidia’s growing local competition in China, as the government and market seek alternative chipmakers to gain traction in the region. Nvidia’s business in…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Nvincible? The results are in: Nvidia reported second-quarter earnings and revenue that beat Wall Street’s expectations last night. The chipmaker also provided better revenue guidance than analysts…