Month: August 2024
CNBC Daily Open: Fake breakout in small caps?
Traders work on the New York Stock Exchange (NYSE) floor on August 08, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like […]
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More than half of new cars sold in China are now electric or hybrid
BYD’s new luxury brand Yangwang is selling its first model, the U8, for more than 1 million yuan (US$160,000). CNBC | Evelyn Cheng BEIJING — For the first time in China, new energy vehicles have outsold traditional fuel-powered passenger cars on a monthly basis, according to China Passenger Car Association data for July. New energy […]
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Malaysia’s prime minister lauds country’s burgeoning chip hub status as Infineon opens new plant
Zafrul Tengku Abdul Aziz, Malaysia’s international trade and industry minister, from left, Muhammad Sanusi Md Nor, chief minister of Kedah state, Anwar Ibrahim, Malaysia’s prime minister, Jochen Hanebeck, chief executive officer of Infineon Technologies AG, and Rutger Wijburg, chief operating officer of Infineon Technologies AG, during the opening of the company’s site of a new […]
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News Corp considers selling Australia pay TV and streaming unit
Foxtel headquarters are seen at North Ryde on June 20, 2012 in Sydney. Cameron Spencer | Getty Images News | Getty Images Rupert Murdoch’s News Corp said it may sell Australian cable TV and streaming unit Foxtel after receiving an approach, a deal that would end its involvement in a high-overhead asset that has struggled […]
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CNBC Daily Open: Fake breakout?
Traders work on the New York Stock Exchange (NYSE) floor on August 08, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like […]
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China’s consumer prices pick up more than expected in July, up by 0.5%
China’s retail sales grew by 2% in June from a year ago. Data for July is due out Thurs. Aug. 15. Pictured here is a shopping mall in Beijing on Aug. 7, 2024. Pedro Pardo | Afp | Getty Images BEIJING — China’s consumer prices rose by a more-than-expected 0.5% in July from a year […]
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Trump takes long campaign rally break, as Harris, Walz and Vance barnstorm battlegrounds
Republican presidential candidate former President Donald Trump speaks during a press conference at his Mar-a-Lago estate on August 08, 2024, in Palm Beach, Florida. Joe Raedle | Getty Images Former President Donald Trump said Thursday that he plans to stay off the presidential campaign rally circuit until after the Democratic National Convention, which ends Aug. […]
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This hydrogen-powered aircraft could be the first to fly non-stop around the globe
The team behind Climate Impulse aims to showcase hydrogen’s value as an alternative fuel for air travel. But with many design issues to overcome and an entire industry to overhaul, the aircraft has a lot to prove. As the aviation industry looks to lower its carbon emissions, the race is on to find an alternative […]
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Asia-Pacific markets set to rise as U.S. stocks bounce back from rout
Sunrise around the Bund river district on November 02, 2023 in Shanghai, China. James D. Morgan | Getty Images News | Getty Images Asia-Pacific markets are set to open higher on Friday, tracking gains on Wall Street after new labor market data boosted investor confidence in the U.S. economy and eased recession concerns following a sharp market […]
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More Chinese EV makers debut in Singapore as the city-state boosts adoption with incentives, more charging points
GUANGZHOU,CHINA – NOVEMBER 24: A ZEEKR X is on display during the 2023 Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 24, 2023 in Guangzhou, Guangdong province of China. (Photo by Stringer/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images More Chinese electric vehicle brands are launching in Singapore […]
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