Hot inflation data spooks Wall Street

A man shops for fruit at a grocery store on February 01, 2023 in New York City. Leonardo Munoz | Corbis News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more

U.S. consumer spending data looms

A family walks past a store advertising a Black Friday sale near Pentagon City Mall in Arlington, Virginia, on November 22, 2023. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images) Andrew Caballero-reynolds | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC … Read more

U.S. retail sales in sharp focus

Customers visit the Macy’s Herald Square store in New York City on Dec. 17, 2023. Kena Betancur | Corbis News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like … Read more

Mercedes shares climb 5% on share buyback, despite ‘exceptional’ uncertainty ahead

Mercedes-AMG GT 43 4MATIC+ on display at Brussels Expo on January 9, 2020 in Brussels, Belgium.  Sjoerd Van Der Wal | Getty Images News | Getty Images Mercedes-Benz shares gained around 5% on Thursday morning after the German carmaker beat fourth-quarter earnings expectations and announced a new share buyback program, despite warning of “exceptional” risks … Read more

Swedish EV maker Polestar plans personal smartphone launch in China

A Polestar 4 electrical SUV is on show through the twentieth Shanghai Worldwide Car Trade Exhibition on the Nationwide Exhibition and Conference Middle (Shanghai) on April 18, 2023 in Shanghai, China. Vcg | Visible China Group | Getty Photos MUNICH — Swedish electrical automobile maker Polestar plans to launch a smartphone in December alongside deliveries … Read more

BMW, Mercedes reveal electrical idea automobiles: Specs, options, particulars

The Mercedes-Benz Idea CLA Class was unveiled at IAA Mobility 2023 in Munich, Germany. The platform will underpin the German automaker’s push into electrical automobiles. Mercedes-Benz Mercedes-Benz and BMW took the wraps off electrical idea automobiles as they appear to meet up with Tesla within the premium finish of the market. On the IAA auto … Read more

Mercedes to launch smaller model of G Class luxurious SUV

The Mercedes-Benz G Class is a luxurious SUV that has develop into fashionable within the U.S. Scott Olson | Getty Photographs Information | Getty Photographs Mercedes plans to launch a smaller model of its high-end G Class sports activities utility automobile, the German carmaker’s CEO informed CNBC in an interview Sunday. The G Class, a … Read more

EV maker VinFast is now price greater than the likes of Ford and GM

BANGKOK, THAILAND – 2023/05/18: VinFast shows its automobiles at Future Power Asia Exhibition 2023 at Queen Sirikit Nationwide Conference Heart. Nathalie Jamois | Lightrocket | Getty Photos VinFast’s shares jumped after its U.S. buying and selling debut, vaulting its whole market worth previous a number of the world’s largest automakers corresponding to Ford, GM, BMW … Read more