China’s BYD opens EV factory in Thailand, first in Southeast Asia
China’s BYD opened an electric vehicle plant in Thailand on Thursday, the automaker’s first factory in Southeast Asia, a fast-growing regional EV market.
Saks Fifth Avenue parent HBC to acquire Neiman Marcus Group in $2.65 billion deal
The deal will establish Saks Global, which will include Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus’ namesake department store chain and Bergdorf Goodman.
Israel sends delegation to negotiate hostage release deal with Hamas
Israeli Prime Minister Benjamin Netanyahu told U.S. President Joe Biden on Thursday he has decided to send a delegation to resume stalled negotiations with Hamas.
CNBC’s Inside India newsletter: An education scandal years in the making
Remote learning technology could potentially help lower instances of cheating or prove to exacerbate it.
Bitcoin slides to two-month low as Fed signals it’s not ready to cut rates yet
Bitcoin on Thursday fell below the $57,000 mark for the first time since May 1, according to data from crypto ranking site CoinGecko.
China-built EVs hit with EU tariffs; Nio says it may have to raise prices in Europe
Europe on Thursday confirmed tariff increases on electric vehicles imported from China to the continent with automakers criticizing the move.
Novo Nordisk shares shrug off concerns over study linking weight loss drugs to rare eye condition
Novo Nordisk investors appeared unperturbed Thursday by a critical Harvard report that linked weight loss drugs to a rare eye condition.
SoftBank stock hits its first record high in 24 years — Arm and AI helped it get there
SoftBank shares have been boosted by the improved financial performance in the Vision Fund and by a rally in the stock of chip designer Arm.
China hopes to reach a solution with the EU on EV tariffs ‘as soon as possible’
China’s Ministry of Commerce said it hoped to reach an agreement soon with the European Union on the bloc’s planned tariffs for imported Chinese electric cars.
CNBC Daily Open: Tesla powers S&P 500, Nasdaq to record highs
S&P 500 and Nasdaq closed at record highs in a session ahead of the July 4 holiday. Megacap technology stocks, Tesla and Nvidia, led the charge.
