Geely-backed Zeekr is releasing an electric SUV in direct competition with Tesla’s Model Y.ZeekrElectric vehicle company Zeekr announced Friday that it would launch its first SUV in China next month, undercutting Tesla’s Model Y pricing in the country by over $1,400.The Zeekr 7X, priced at 239,900 yuan ($33, 829), is the Chinese EV maker’s first midsize electric SUV and will be launched on Sept. 20.It’s the latest Chinese EV to take on Tesla’s Model Y, which has also been challenged by Xpeng and Nio. Zeekr plans to deliver the 7X globally by the end of this year. It said the…
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Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska.David A. Grogan | CNBCWarren Buffett’s Berkshire Hathaway reached a $1 trillion market capitalization on Wednesday, the first nontechnology company in the U.S. to score the coveted milestone.Shares of the Omaha, Nebraska-based conglomerate have rallied more than 28% in 2024, far above the S&P 500’s 18% gain. The $1 trillion threshold was crossed just two days before the “Oracle of Omaha” turns 94 years old.The shares were up 0.8% to $696,502.02 on Wednesday, allowing it to top the $1 trillion mark, per FactSet.The milestone “is a…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. The S & P 500 advanced 0.7% Thursday, despite tech behemoth Nvidia’s post-earnings decline. Shares of the AI chipmaker tumbled 3.5% after the company handily beat estimates on the top and bottom lines Wednesday. At issue: Nvidia couldn’t quite meet their analysts’ lofty estimates for the company’s full-year outlook on gross margins. “This was the mortal Jensen Huang,” Jim Cramer said of the company’s chief exec. He added that his long-term thesis on the stock…
The Asia-Pacific region is set to see strong data center demand over the next few years, which is a boon for artificial data center operators and hyperscalers’ expansion in that part of the world, Bank of America found. APAC data center capacity is set to double in five to six years at a compound annual growth rate of 14% in the next five years, adding nearly 2 gigawatts of new capacity per year, analyst Sriharsh Singh said in a Tuesday note. “Data center demand continues to shift towards hyperscalers (Microsoft, Amazon, Google, ByteDance) with data center investments growing in scale,”…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyDavid Rosenberg, Rosenberg Research founder & president, joins ‘Fast Money’ to talk why he predicts a recession is imminent.06:1516 minutes ago Source link
TALLAHASSEE, Fla. — A proposal to put golf courses in a Florida state park — which has landed Gov. Ron DeSantis in hot water politically — involved two of the biggest names in professional golf history: Tiger Woods and Jack Nicklaus.The proposal to build courses at Jonathan Dickinson State Park in Southeast Florida is now put on hold after bipartisan pushback and protests across the state. But had the idea received state approval, and both Woods and Nicklaus would have been involved in course-design work.”There were actually going to be at least two courses; one would be a Tiger course…
Count Baked by Melissa founder Melissa Ben-Ishay among the entrepreneurial success stories founded on getting out of the corporate rat race.Before starting her company, Ben-Ishay worked at an ad agency in New York City – a role she felt unfulfilled in. The day she was fired was an “aha moment,” she recently told CNBC. She visited her brother at work, and he suggested the two start a business selling her cupcakes. They quickly created a website and shot images of cupcakes using a white sheet as a backdrop. Back in 2008, Ben-Ishay was doing it all: hand-delivering cupcakes to tastings, cold…
Donald Trump visits Arlington Cemetery to pay tribute to the 13 servicemembers killed during the Afghanistan evacuation. Nurphoto | Nurphoto | Getty ImagesVice President Kamala Harris’ presidential campaign said a reported physical confrontation between former President Donald Trump’s campaign aides and an official at Arlington National Cemetery was “pretty sad,” but “it’s not surprising coming from the Trump team.””Listen, this is what we’ve come to expect from Donald Trump and his team,” Harris campaign spokesman Michael Tyler said in a CNN interview Wednesday. Arlington cemetery confirmed late Tuesday that an “incident” had occurred, and reiterated that federal law bars candidates and…
Telegram founder and CEO Pavel DurovAOP.Press | Corbis | Getty ImagesRussia on Tuesday issued words of caution to France over its detainment of Pavel Durov, the founder and CEO of messaging app Telegram, suggesting the move may be politically motivated.On Saturday, the Paris Public Prosecutor’s Office issued a warrant for Durov’s arrest over an investigation opened on July 8 into organized crime, drug trafficking, fraud, and the distribution of pornographic images of minors on the platform.Kremlin spokesman Dmitry Peskov on a Tuesday call with journalists urged Paris to provide evidence to support its allegations against Durov, Reuters and Russian state news…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email”Every market is showing positive growth, there’s not one market that is in negative territory,” said Rajeev Menon, president of APAC at Marriott International. He gives his outlook on the travel sector in the region.03:26Wed, Aug 21 202411:53 PM EDT Source link
