business news

Xiaomi releases electric car $4K cheaper than Tesla’s Model 3 as price wars heat up

BEIJING — Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla’s Model…

Ukraine war updates: Putin says NATO won’t be attacked but F-16s will; Kyiv claims Russia knew terror attack was coming

This was CNBC’s live blog tracking developments on the war in Ukraine. Russian President Vladimir Putin dismissed the idea that…

UBS chief’s surprise return to the Swiss banking giant bagged him a $15.9 million paycheck

UBS CEO Sergio Ermotti earned 14.4 million Swiss francs ($15.9 million) in 2023 after his surprise return at the helm…

TikTok makes $2.1 million TV ad buy as Senate reviews bill that could ban app

TikTok has launched a $2.1 million advertising campaign with a clear message for senators in tough reelection fights this year:…

China’s economy is on track for ‘strong’ March performance, survey says

BEIJING — China’s economy is ending the first quarter on a “strong” note, according to a business survey published by…

Crypto is ‘like cayenne pepper’ for investors, money manager says: ‘A little goes a long way’

Katherine Dowling has an analogy that may be useful for investors thinking of buying cryptocurrency like bitcoin and wondering what…

Yellen warns China’s surplus of solar panels, EVs could be dumped on global markets

Treasury Secretary Janet Yellen on Wednesday warned that China is treating the global economy as a dumping ground for its…

Trump targets New York hush money trial judge’s daughter day after gag order

Donald Trump on Wednesday again targeted on social media the daughter of the judge in his upcoming criminal hush money…