How surging trade with China is boosting Russia’s war
Russian customs data filed as recently as August 2023 point to the continued supply of battlefield equipment, including drones, helmets, vests and radios, from China, new analysis by CNBC shows.
Saudi soccer league says big-money player purchases are only the first step in a long-term strategy
The big-spending Saudi Pro League is aiming to build its global broadcasting presence and become one of the top 10 soccer leagues in the world, its chief operating officer, Carlo Nohra, told CNBC.
Here are Thursday’s biggest analyst calls: Meta, Apple, Amazon, GE, Sunrun, Micron, Microsoft & more
Here are the biggest calls on Wall Street on Thursday.
Crude prices fall, pulling back from highest levels in more than a year
Oil prices fell after surging to their highest in over a year.
China’s chip equipment firms see revenue surge as Beijing seeks semiconductor self-reliance
China has looked to boost its domestic semiconductor industry, as it targets self-reliance and to wean itself off of foreign semiconductor firms.
Schott Pharma shares climb in Frankfurt debut
The German pharmaceutical company debuted on the Frankfurt stock exchange Thursday at 30 euros per share.
EV makers such as Tesla could fall under Europe’s subsidy probe into China, EU’s trade chief says
Non-Chinese brands of electric cars, such as Tesla and BMW, could be examined as part of a subsidy probe on China that the EU kicked off earlier this month.
VinFast aims to sell up to 50,000 EVs in 2023 — but it has only hit 23% of its target so far
Vietnamese electric vehicle maker VinFast’s ambitious plan to sell as many as 50,000 vehicles this year is “unrealistic,” according to one analyst.
CNBC Daily Open: September is ‘likely to remain messy’
High yields and oil prices are dragging down stocks. Throw in a potential U.S. government shutdown — and stocks are truly finding it difficult to climb.
Shares of Evergrande have been suspended amid reports its chairman is under surveillance
Shares of Chinese real estate giant Evergrande have been suspended, Hong Kong’s exchange announced Thursday.
