Check out the companies making headlines before the bell. Nio – U.S.-listed shares surged more than 13% after the Chinese electric vehicle maker announced it will receive a cash injection of 13.3 billion yuan for its Nio China. “Strategic investors” will provide 3.3 billion yuan of that injection, with the rest coming from Nio Inc….
China’s aggressive stimulus measures have sparked a significant stock market rally. Many analysts say the measure is not enough to fix the challenges in China’s economy. However, the measures aim to boost sentiment and stem the negative feedback loop between markets and the economy. Thanks for signing up! Access your favorite topics in a personalized…
[The content of this article has been produced by our advertising partner.] The automotive world is witnessing an artificial intelligence (AI) revolution and electric cars are at the absolute forefront, driving us into this new era of innovation towards a greener and more connected future. According to the International Energy Agency, an autonomous intergovernmental organization,…
Text size Three Chinese megacities on Monday eased restrictions on buying homes and Beijing’s central bank said it would ask financial institutions to lower mortgage rates, as the country seeks to pull itself out of a housing slump. The country’s teetering real estate market long accounted for around a quarter of China’s economy and experienced…
Traders work on the trading floor at the New York Stock Exchange. Andrew Kelly | Reuters 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? You can subscribe here. What…
The stock market crashed last month on recession fears but has since soared to fresh record highs as the Federal Reserve began cutting rates and China unveiled stimulus measures. To Mark Spitznagel, cofounder and chief investment officer of the hedge fund Universa Investments, events are unfolding as he predicted. The hedge fund veteran previously said…
Sure, Wall Street. Go ahead. Ride the dragon. There was a moment of grace on Tuesday for investors, market analysts, and finance’s top brass when Beijing announced measures to try to reinvigorate China’s croaking economy. Pan Gongsheng, a governor of the People’s Bank of China, the country’s central bank, announced that 800 billion yuan, or…
China is aggressively advancing its artificial intelligence (AI) research and production, aiming to achieve greater autonomy in the China-U.S. tech competition through local AI chip design. This ambition makes Chinese AI chip firms prime targets for U.S. technology sanctions. However, China faces a significant challenge: its leading wafer manufacturer, Semiconductor Manufacturing International Corporation (SMIC), can…
China remains about a year behind the US in large language models (LLMs), and may have more catching up to do after the release of OpenAI’s latest o1 model, according to experts. When it comes to LLMs with text generation, China is about half a year to a year behind, Roey Tzezana, a fellow at…
SpaceX, which owns the world’s fastest-growing satellite broadband network, Starlink, told the regulator that these “antiquated power restrictions” were unfit for “the modern space age”. It went on to charge that the international process governing the rules had been hijacked by an alliance between the operators of older, geostationary systems and “America’s staunchest adversaries”. At…