Bank of America says this Chinese EV stock can rally nearly 50% thanks to a partnership with Volkswagen
Bank of America highlighted a deal with German automaker Volkswagen in an XPeng stock upgrade on Monday.
Palo Alto Networks shares rise 15% after earnings report
The cybersecurity vendor’s share price jumped after investors found little to be concerned about in the after-the-bell Friday report.
Europe’s Stripe rival Adyen saw $20 billion wiped off its value in a single day. Here’s what’s going on
Adyen said that many of its North American customers are cutting back on costs to weather economic pressures, like rising interest rates and higher inflation.
Chinese EV maker Xpeng expects cost cuts, Volkswagen deal to narrow losses
Xpeng is attempting to revive its business this year, after its share price sank by more than 80% in 2022
Malaysia PM vows to recover Goldman Sachs 1MDB settlement, warns of possible lawsuits
Goldman Sachs bankers were accused of helping a Malaysian financier plunder billions of dollars from the 1Malaysia Development Berhad sovereign wealth fund.
CNBC Daily Open: Unwelcome déjà vu in U.S. markets
The S&P 500 started its plunge around mid-August last year, sunk by technology stocks. A year later, we’re experiencing an unwelcome sense of déjà vu.
Chinese property developer Country Garden to be removed from Hang Seng Index on Sept. 4
This is the latest blow to China’s embattled property sector, following news of property developer Evergrande filing for bankruptcy protection in the U.S.
China’s financial regulators urge support for resolving local debt risks
China’s financial regulators called for coordinating support to resolve local debt risks, and adjusting policy for real estate loans.
Malaysia is not discounting the possibility of lawsuits against Goldman Sachs, says Anwar Ibrahim
Anwar Ibrahim, Malaysia’s prime minister, tells CNBC’s Martin Soong as part of The CNBC Conversation, that his country will have to reopen negotiations with Goldman Sachs on the 1MDB money laundering scandal. He said he’s “not discounting the possibili…
China’s central bank trims 1-year rate, but unexpectedly leaves 5-year rate unchanged
Most household and corporate loans in China are based on the PBOC’s one-year loan prime rate, while mortgages are pegged to the five-year rate.
