Shares of CATL debut in Hong Kong on May 20, 2025. Sopa Images | Lightrocket | Getty ImagesShares of the world’s largest battery manufacturer Contemporary Amperex Technology rose over 11% in their Hong Kong trading debut on Tuesday.Shares were trading at 292 Hong Kong dollars apiece on the Hong Kong stock exchange premarket, compared with the initial public offering price of HK$263 dollars per share. The IPO raised HK$35.7 billion ($4.6 billion) according to a company filing, reportedly making it the largest global listing in 2025. CATL is already listed on on the Shenzhen Stock Exchange, where the shares are down 2.26%…
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Headquarter building of the Nippon Steel corporation in Japan on January 7, 2025.David Mareuil | Anadolu | Getty ImagesNippon Steel plans to invest $14 billion in U.S. Steel’s operations including up to $4 billion in a new steel mill if the Trump administration green lights its bid for the iconic U.S. company, according to a document and three people familiar with the matter.Under details of the plan included in the document, the company will plow $11 billion into U.S. Steel’s infrastructure through 2028. That includes $1 billion in a green field site, which is expected to grow by $3 billion over the following years and has not been previously reported. The total investment figure was previously reported by CTFN.Shares of U.S. Steel rose closed up more than…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email”Fast Money” is America’s post-market show. Hosted by Melissa Lee and a roundtable of top traders, “Fast Money” breaks through the noise of the day, to bring you the actionable news that matters most to investors. Source link
China Shipping containers are seen at the port of Oakland, as trade tensions continued over U.S. tariffs with China, in Oakland, California, U.S., May 12, 2025. Carlos Barria | ReutersChinese exporters are offering lucrative deals to U.S. customers with promises of bearing the full burden of tariffs. Look beneath and there’s a web of illicit activity that’s propping up these shipments from China.By using the “delivered-duty-paid” shipping approach where sellers pay for all import duties, and by under-invoicing shipments, some Chinese sellers are able to offer U.S. customers pre-tariff prices, while still turning a profit, according to legal experts and…
A Waymo autonomous vehicle drives along Masonic Avenue on April 11, 2022 in San Francisco, California. Justin Sullivan | Getty Images News | Getty ImagesAlphabet’s Waymo unit has received approval to expand its autonomous ride-hailing service to more parts of the San Francisco Bay Area, including San Jose.In March, the company submitted a request to the California Public Utilities Commission to gain approval for its latest passenger safety plan, a key step in gaining permission to operate driverless vehicles across a broader area. On Monday, the proposed expansion was approved, allowing for Waymo’s driverless coverage to extend from San Francisco down…
Cityscape image of Sydney, Australia with Harbor Bridge and Sydney skyline during sunset. Vacation and travel in Australia.Prasit Photo | Moment | Getty ImagesAsia-Pacific markets were set to climb Tuesday as investors look toward the Reserve Bank of Australia’s policy rate decision, as well as the listing of the world’s largest battery manufacturer Contemporary Amperex Technology.Japan’s benchmark Nikkei 225 is set to open higher, with the futures contract in Chicago at 37,640 while its counterpart in Osaka last traded at 37,570, against the index’s last close of 37,498.63.Likewise, Australia’s benchmark S&P/ASX 200 is set to rise, with futures standing at…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as the S & P 500 posted a sixth positive day, and what’s on the radar for the next session. Too complacent? JPMorgan’s CEO Jamie Dimon, one of the most respected executives in business, said Monday during the company’s investor day : “We have huge deficits; we have what I consider almost complacent central banks. You all think they can…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJan Kniffen, J Rogers Kniffen Worldwide CEO, joins the ‘Fast Money’ traders to discuss President Trump blasting Walmart after the company announced it would pass tariff costs off to the consumer. Source link
A large number of vehicles of various brands under General Motors were neatly lined up at the finished vehicle transfer base of General Motors in Shanghai, China on May 18, 2025. CFOTO | Future Publishing | Getty ImagesGeneral Motors informed employees and dealers for its China export business on Thursday in China that it would stop shipping vehicles to China from the United States, the company said.The move comes as the United States and China continue discussions on tariffs and other trade issues.GM imported vehicles to China from the United States through its Durant Guild premium import business, which represented less than 0.1%…
The travel industry is one of the sectors most susceptible to fraud, with scams rising 18% during the summer peak season and 28% in the winter peak season in 2024, according to a new report.The report, published last Tuesday by the Mastercard Economics Institute, showed that fraud related to travel agency and tour company bookings is more than four times higher than the fraud average of other industries.”Once paid, the tour may either never occur or be drastically different from what was promised,” it said.However, scam risks vary significantly from city to city, said David Mann, chief economist at the…
