Why Tesla’s Cybertruck is so hard to mass produce
The Cybertruck is finally here, but Elon Musk has repeatedly emphasized how difficult building it has been, and tempered expectations around scaling production.
German Chancellor Olaf Scholz announces 2024 budget plan after weeks of debt crisis talks
The German government on Wednesday announced its plans for its 2024 budget following weeks-long negotiations, including savings from its core budget.
European Central Bank to focus on shrinking balance sheet as markets bet on rate cuts
Money markets are currently pricing in almost 150 basis points of rate cuts next year.
Japan PM to ax ministers as fundraising scandal swirls
Japanese Prime Minister Fumio Kishida announced he planned to make changes to his cabinet as he seeks to stem the fallout from a fundraising scandal.
CNBC Daily Open: November’s CPI’s both good and bad
November’s CPI report was mostly in line with estimates, even though the monthly number increased unexpectedly.
Bank of England set to hold interest rates as economists debate 2024 cuts
The market is pricing an almost 100% chance of a hold on Thursday, but when the first rate cut will come remains a hot topic.
Economists cut Singapore’s growth forecast for 2024, inflation likely to ease
While growth in the Singapore economy is expected to slow slightly in 2024, inflation is also forecast to ease.
$4.7 billion European fintech firm Pleo appoints new CFO, pointing to IPO hopes
Danish fintech firm Pleo has appointed a new CFO, the company told CNBC, beefing up its executive team in a sign it’s readying itself for an eventual IPO.
Dow rallies more than 500 points to record, closes above 37,000 for the first time: Live updates
Investors cheered the Federal Reserve’s outlook for rate cuts in 2024 and beyond.
Samsung and ASML to invest $760 million to build an advanced chip plant in South Korea
ASML and Samsung Electronics will jointly invest 1 trillion won to build a plant for cutting-edge semiconductor processing technology in South Korea.
