U.S. electric carmaker Lucid is exploring China entry; confirms mass market models ahead
Lucid is exploring selling its cars in China but has no timeline for when it will enter the world’s largest electric car market, a top executive told CNBC.
Morgan Stanley names this stock as its top pick of European banks – giving it 35% upside
Morgan Stanley predicts the European lender’s profits will rise in 2024 despite the threat of windfall taxes on the continent.
Asia markets mostly lower as investors assess trade data from China and Australia
China’s trade fell in August compared to the same period last year, but at a slower pace than July and less than forecasted.
Goldman reveals its ‘most preferred’ sector of China tech and names stocks on its conviction list
Goldman named four buy-rated stocks, two of which are on its conviction buy list. It gave one stock as much as 45% potential price target upside.
CNBC Daily Open: Lingering embers of inflation
The roaring flames of 9.1% inflation in June last year have been quenched, but the last few glowing embers are proving hard to extinguish completely.
Nasdaq tumbles for a fourth day as fears of higher interest rates pressure markets: Live updates
The S&P 500 and Nasdaq Composite fell Thursday as renewed concern swirled on Wall Street over the course of the Federal Reserve’s interest rate policy.
Apple falls on report that China restricted iPhone use for its government officials. Here’s what the pros say
Pros on CNBC discussed Apple after The Wall Street Journal reported that China restricted the use of foreign-branded devices for government officials at work.
Invasive species cost the global economy more than $423 billion annually, according to a new report from the United Nations
The costs of invasive species have quadrupled every decade since 1970, according to the United Nations.
Tropical Storm Lee forecast to strengthen into hurricane as it churns in Atlantic toward Caribbean
Tropical Storm Lee churned through the open waters of the Atlantic on Wednesday and was expected to soon become a hurricane as it approached the Caribbean.
Texas paid bitcoin miner Riot $31.7 million to shut down during heat wave in August
Bitcoin miner Riot Platforms raked in $31.7 million in energy credits from Texas power grid operator ERCOT in August.
