Tesla Inc
Temu and Shein’s soaring popularity has Wall Street eyeing China’s influence on tech earnings
In just 17 days after launch, Temu surpassed Instagram, WhatsApp, Snapchat and Shein on the Apple App Store in the U.S., according to Apptopia data shared with CNBC. Stefani Reynolds | Afp | Getty Images Temu and Shein have exploded in the U.S. by going on an online marketing blitz and offering consumers inexpensive goods […]
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Stocks making the biggest moves before the bell: McDonald’s, Tesla, Stellantis and more
Check out the companies making headlines in premarket trading. McDonald’s — Shares were down slightly in the premarket after the fast food giant reported second-quarter results that missed analyst expectations . McDonald’s also said its same-store sales — a key metric for restaurants — declined broadly. Revvity — Shares gained 6% after the life sciences […]
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How the EV boom led Chinese companies to take over Indonesia’s nickel industry
Nickel mining in Indonesia has surged, making it the world’s top producer of the metal. With over 14 active mines, Indonesia supplies more than 40% of global nickel demand, driven by its crucial role in electric vehicle (EV) batteries. “Nickel is needed for the development of the electric vehicle sector, which is going to benefit […]
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LVMH CEO Bernard Arnault says Olympics sponsorship honors the spirit of France
For the first time a luxury brand is an Olympic sponsor. And it’s not just one brand, it’s the empire of LVMH. “We tried to find a way with the Olympic Committee – to be able to show maybe something that has never been done before with the Olympics,” LVMH Chairman and CEO Bernard Arnault […]
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European stocks head for mixed open as selloff eases; U.S. inflation data due
Traders work on the floor of the New York Stock Exchange as a picture of Vice President Kamala Harris is displayed on a television screen, on July 22, 2024. Spencer Platt | Getty Images LONDON — European markets are heading for a mixed open Friday, as a global stock selloff eases and investors await U.S. […]
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Hyundai Motor posts record Q2 profit on strong U.S. sales, to boost hybrid lineups
The Hyundai display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC Hyundai Motor reported record quarterly profit and revenue on Thursday on strong sales of high-margin cars and said it would expand hybrid lineups to brace for possible changes in U.S. electric vehicle policies following the election. Its forecast-beating performance helped […]
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Ford shares, on pace for worst day since 2009, lead autos rout after disappointing earnings
A Ford Bronco on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT – Ford Motor is leading a decline in major U.S. automotive stocks this week amid disappointing results and investor skepticism around future performance. Shares of Ford were off by more than 17% in early […]
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Trump says Elon Musk ‘never told me’ he would pledge $45 million a month to campaign
Republican presidential nominee and former U.S. President Donald Trump speaks as he campaigns in Charlotte, North Carolina, U.S. July 24, 2024. Marco Bello | Reuters Donald Trump on Thursday said Elon Musk “never told me” he would pledge $45 million a month to support Trump’s presidential bid, days after the Tesla and SpaceX CEO denied […]
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Tech’s splurge on AI chips has companies in ‘arms race’ that’s forcing more spending
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Meta CEO Mark Zuckerberg has been assembling a large stockpile of Nvidia chips, spending billions of dollars so his company can develop and train advanced […]
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S&P 500 futures slip after worst day for benchmark since 2022: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) on July 24, 2024 in New York City. Spencer Platt | Getty Images Stock futures were mixed Thursday as investors looked ahead to the release of key data and tried to recover after a tough session for Wall Street. S&P 500 futures and […]
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