Citigroup tops expectations for profit and revenue on strong Wall Street results
Citigroup on Friday posted second-quarter results that topped expectations for profit and revenue on a rebound in Wall Street activity.…
China’s robotaxi push sparks concerns about job security for drivers
BEIJING — China’s yearslong effort to develop robotaxis is starting to gain traction with consumers — but it’s also rattling…
Bill Gross says Tesla is the new meme stock
Longtime investor Bill Gross believes Elon Musk’s Tesla is behaving like a speculative play among retail investors. “Tesla acting like a…
Biden revoked 8 licenses for China’s Huawei in 2024, document shows
The Biden administration has revoked eight licenses this year that had allowed some companies to ship goods to Chinese telecoms equipment giant Huawei, according to a document first reported…
Crypto takes its fight with SEC directly to Biden and Trump
On a cool, sunny June evening in San Francisco, the Pacific Heights mansion of venture capitalist David Sacks was the…
Revolut CEO confident on UK bank license approval as fintech firm hits record $545 million profit
LONDON — The boss of British financial technology giant Revolut told CNBC he is optimistic about the company’s chances of…
Democrats ask Raimondo to step up enforcement on CHIPS funding
WASHINGTON — A group of Democrats are raising concerns as to whether companies that received federal funding for semiconductors used…
Apple’s Vision Pro starts deliveries at a higher price in China than in the U.S.
HANGZHOU, China — Apple‘s mixed-reality headset began deliveries in China on Friday with a retail price roughly 18% higher than…
Chinese smartphone maker Honor says AI’s power is ‘worthless’ without data privacy
HANGZHOU, China — The transforming power of artificial intelligence is of no value unless user data is protected, CEO of…
