China’s EV stocks start 2024 in reverse gear as price wars pressure profitability
Continuing price war and intensifying competition in the market have put profitability under pressure for China’s EV makers.
Malaysia is doubling down on the chip industry to capture growth in EVs
Zafrul Aziz, Malaysia’s minister for international trade and industry, explains Malaysia’s plans to double down on the semiconductor sector to capture growth in the EV market.
China will make foreign investment easier, vice premier tells foreign executives
Chinese Vice Premier He Lifeng met with global finance executives who make up the securities regulator’s international advisory committee, state media said.
Japan’s Nikkei breaches 35,000 mark; South Korea stocks rise after central bank decision
Japan’s Nikkei 225 pushed new 33-year highs, after blowing past the 34,000 mark for the first time since March 1990.
CNBC Daily Open: Bitcoin’s badge of honor
Bitcoin just received its biggest stamp of approval, giving crypto bros their most powerful bragging rights yet.
Tesla versus BYD: Analysts prefer one of them — giving it up to over 70% upside
They weigh in on whether investors should stick with long-time favorite Tesla or buy into its up-and-coming Chinese rival.
‘Many reasons to be cheerful’: Asset manager strikes bullish tone on travel, names top stocks
2024 will be a “good year” for the travel sector, according to AllianceBernstein, sharing its top hotel and online travel agency picks.
World’s two largest coal consumers won’t be weaning off the fossil fuel anytime soon
As China and India’s economies continue to grow, so too will their struggle to wean off reliance on dirty coal.
Coinbase threatened by bitcoin ETFs after almost 400% surge in stock last year
Analysts anticipate that Coinbase’s stock will pare back gains in the months ahead as ETFs capture market share from crypto exchanges.
Coinbase threatened by bitcoin ETFs after almost 400% surge in stock last year
Analysts anticipate that Coinbase’s stock will pare back gains in the months ahead as ETFs capture market share from crypto exchanges.
