Key PointsXiaomi plans to open showrooms in Europe when it launches its electric cars in the region in 2027, a top executive at the Chiense tech giant told CNBC.Xu Fei, a vice president at Xiaomi, said the comapny could also manufacture cars locally in the future.Xu did not reveal which car Xiaomi would launch in Europe but said the company would not “design a totally new product.” Xiaomi has begun preparations to find showroom locations in Europe for its electric vehicles and may even manufacture the cars locally in the future as it plans its expansion in the region, a…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s “Fast Money” team discusses how to navigate market risks, monetary policy and the U.S. economy with David Zervos, chief market strategist at Jefferies. Source link
A car produced by Chinese automobile manufacturer Chery is on display for sale at a dealership in Vladivostok, Russia, March 22, 2023.Tatiana Meel | ReutersChina’s largest vehicle exporter, Chery Automobile, saw its shares jump in its Hong Kong debut after raising 9.1 billion Hong Kong dollars (US$1.2 billion) through an initial public offering.The stock traded at HK$34.16, about 11% above the IPO price of HK$30.75. Chery is among a wave of Chinese companies tapping Hong Kong’s thriving IPO market. While the launch proceeded as scheduled, the company canceled its planned listing ceremony at the Hong Kong Stock Exchange due to the…
OpenAI CEO Sam Altman speaks to media following a Q&A at the OpenAI data center in Abilene, Texas, U.S., Sept. 23, 2025. Shelby Tauber | ReutersNvidia’s massive investment in OpenAI, announced earlier this week, will put billions of dollars into the coffers of the artificial intelligence startup to use as it sees fit. But most of the money will go towards use of Nvidia’s cutting-edge chips.The agreement between the two companies was big on numbers but thin on specifics. They said the investment would reach up to $100 billion, paid out as AI supercomputing facilities open in the coming years,…
The Trump administration has launched national security investigations into imports of robotics, industrial machinery and medical devices, a move that could pave the way for fresh tariffs and raise costs for consumers, hospitals and manufacturers.The Department of Commerce said Wednesday that the probes, opened Sept. 2 under the “Section 232” of the Trade Expansion Act, will assess whether such imports threaten U.S. national security, according to Federal Register filings.The latest probes expand the list of items that could be exposed to higher tariffs to include personal protective equipment such as surgical masks, N95 respirators, gloves and other medical consumables, including…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s “Fast Money” team discusses how to navigate market risks, monetary policy and the U.S. economy with David Zervos, chief market strategist at Jefferies. Source link
As the cost of attending college continues to rise, so do home prices in college towns across the U.S.The most expensive college town, ranked by median home-sale price, is Santa Barbara, California, where homes sold for a median price of $1,964,170 from January to July of this year, according to a Redfin analysis published last week.In the analysis, Redfin defines college towns as cities where at least 10% of the population consists of students enrolled at a four-year accredited university, located at least 30 miles away from a metropolitan area with a population of more than 1 million people.Boca Raton,…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailThomas Flohr, Founder and Chairman of VistaJet, discusses the growing demand for business aviation routes connecting Asia, the Middle East, and America. This boom is largely driven by international trade agreements and increased economic activity across these regions. Source link
Traders work on the floor of the New York Stock Exchange during morning trading on Sept. 17, 2025 in New York City. Michael M. Santiago | Getty Images Individual equities and separate sectors popped Wednesday, but collectively, their moves weren’t forceful enough to lift indexes.Beleaguered American chipmaker Intel is finding itself in slightly less prickly situations lately. Its shares jumped 6.4% Wednesday on reports that it is seeking an investment from Apple — which would form a ménage à trois with Nvidia and the U.S. government.Still, the Nasdaq Composite lost 0.34% as major artificial intelligence names such as Nvidia and…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s Michael Ozanian reports on the Chicago Bears’ $8.9 billion valuation after the National Football League’s finance committee approved the sale of 2.35% of the Chicago Bears to existing owners of the team in a deal that sets a league record. Source link
