Rivian, Lucid and other EV startups scramble to shore up cash and reassure Wall Street
Rivian, Lucid and Nikola this week each detailed plans to reduce costs while attempting to grow operations and make their first profits.
Traders reassess Bank of England rate cuts as UK grows at fastest rate in nearly 3 years
A slew of commentary from the Bank of England and a better-than-expected economic growth number have left traders and investors scrambling to refine their bets.
Dow jumps more than 100 points to post 8th winning day and best week of 2024: Live updates
Investors are feeling more confident as of late in the outlook for stocks, buoyed by a strong earnings season and hopes for rate cuts from the Federal Reserve.
Russia opens up new front with major ground assault near Ukraine’s second-largest city
Ukraine sent reserve units to the border areas of the northeastern Kharkiv region, seeking to shore up its defenses against intensifying Russian attacks.
UK economy emerges from recession with 0.6% growth in first quarter
The U.K. economy has emerged from recession as gross domestic product rose 0.6% in the first quarter, beating expectations.
CNBC’s Inside India newsletter: A disconnected stock market
This year has also been particularly unlucky for Indian stock market investors thanks to the uncertainty added by politics.
The U.S. is now Germany’s biggest trading partner — taking over from China
After years of China being Germany’s main trading partner, the U.S. quietly overtook that spot in the first quarter of the year, data calculations show.
China’s biggest chipmaker SMIC warns of ‘fierce’ competition as it misses quarterly profit expectations
Net income in the first quarter plunged 68.9% from a year ago to $71.79 million.
European companies in China are under pressure from slower growth, overcapacity
European companies are finding it harder to make money in China as growth slows and overcapacity pressures increase, according to an annual business survey.
Asia markets track Wall Street gains amid renewed U.S. rate cut hopes; Hong Kong stocks hit 10-month high
Investors assessed Japan’s trade and household spending figures for March on Friday.
