Chinese EV company Xpeng shares surge 13% after forecasting growth in car deliveries
BEIJING — Chinese electric car company Xpeng saw its shares soar after reporting an improvement in profit margin and an…
Tesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
SHANGHAI — Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will…
TikTok creators sue U.S. government, say divestiture law violates First Amendment
Eight TikTok creators sued the U.S. government Tuesday to block the recently passed law that forces China-based owner ByteDance to…
Fintech firm Klarna says 90% of its employees are using generative AI daily
Swedish financial technology company Klarna said Tuesday that nearly 9 out of 10 employees in its 5,000-strong workforce are now…
U.S. orders Chinese-backed crypto miner to sell land near nuclear missile base
U.S. President Joe Biden issued an order on Monday forcing a Chinese-backed cryptocurrency mining company to sell land near a Wyoming…
Freetrade, Britain’s answer to Robinhood, says its CEO is stepping down
LONDON — The boss of U.K. stock trading service Freetrade is stepping down and leaving the company with immediate effect,…
Biden touts new $3.3 billion Microsoft data center at failed Foxconn site Trump backed
President Joe Biden on Wednesday announced plans by Microsoft to build a $3.3 billion data center in southeastern Wisconsin that…
British neobank Monzo boosts funding round to $610 million to crack U.S. market, launch pensions
British neobank Monzo said Wednesday that it’s raised another $190 million, lifting the total it’s raised so far this year…
Abortion bans drive away up to half of young talent, new CNBC/Generation Lab youth survey finds
The youngest generation of American workers is prepared to move away from states that pass abortion bans and to turn…
China’s automakers must adapt quickly or lose out on the EV boom in the face of regulatory scrutiny abroad and competition at home
BEIJING — Chinese automakers, including state-owned auto giant GAC Group, can’t afford to take it easy in the country’s electric…
