European stocks are seen opening broadly higher on Wednesday, maintaining positive momentum seen earlier this week.
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European markets set to open broadly higher as positive momentum continues
World
CNBC’s The China Connection newsletter: Xpeng attempts a global transformation
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story Cultural shifts are subtle yet fundamental for any company aiming to succeed beyond its home market. When I visited Chinese electric car company Xpeng‘s new […]
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World
Why private equity is stuck with ‘zombie companies’ it can’t sell
Private equity firms are facing a new reality: a growing crop of companies that can neither thrive nor die, lingering in portfolios like the undead. These so-called “zombie companies” refer to businesses that aren’t growing, barely generate enough cash to service debt and are unable to attract buyers even at a discount. They are usually trapped […]
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World
Nvidia supplier Foxconn third-quarter profit beats expectations, rising 17% on AI demand
Foxconn Chairman Young Liu delivers a speech during the Hon Hai Tech Day in Taipei on Oct. 18, 2023. I-hwa Cheng | AFP | Getty Images Foxconn, the world’s largest contract electronics maker, said Wednesday that its third-quarter profit jumped 17% from a year earlier, driven by growth in its artificial intelligence server business. Here’s […]
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