China EV shares are feeling the heat as price war concerns grow

New cars of the “Dolphin” model from Chinese car manufacturer BYD are in the harbor.  Picture Alliance | Picture Alliance | Getty Images Chinese electric vehicle makers shares listed in Hong Kong fell on Tuesday as worries of price wars in the sector grew. China’s EV market, the world’s largest and most crowded, is seeing … Read more

OpenAI says Musk claims in lawsuit ‘stem from Elon’s regrets’ he’s out

Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023. Dustin Chambers | Bloomberg | Getty Images OpenAI executives disputed claims Elon Musk laid out in a lawsuit on Thursday, and said the Tesla CEO is upset that he’s no longer part of the artificial intelligence startup. … Read more

Elon Musk sues OpenAI and CEO Sam Altman over contract breach

Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, on Jan. 18, 2024. Denis Balibouse | Reuters Elon Musk is suing Microsoft-backed OpenAI and its CEO, Sam Altman, among others, alleging they abandoned the company’s founding mission to develop artificial intelligence “for the benefit of humanity … Read more

Americans’ mood on the economy sinks

U.S. President Joe Biden speaks with workers while visiting CS Wind, the largest wind tower manufacturer in the world, in Pueblo, Colorado, U.S., November 29, 2023.  Evelyn Hockstein | Reuters 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 … Read more

Apple car project canceled: Report

Apple CEO Tim Cook waves a checkered flag to the race winner at the Formula One United States Grand Prix Circuit of the Americas in Austin, Texas, on Oct. 23, 2022. Mike Segar | Reuters Apple will wind down its team working on electric cars, called Special Projects Group, according to Bloomberg. The news signals … Read more

Wall Street high on AI euphoria

Jonathan Raa | Nurphoto | 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 what you see? You can subscribe here. What you need to know today  Markets positive Wall Street … Read more

House China chair demands Elon Musk provide SpaceX internet for U.S. troops in Taiwan

Elon Musk, CEO of Tesla and X, speaks at the Atreju political convention organized by Fratelli d’Italia (Brothers of Italy), in Rome, Dec. 15, 2023. Antonio Masiello | Getty Images The House Select Committee on the Chinese Communist Party sent a letter on Saturday to Elon Musk demanding that U.S. troops stationed in Taiwan get … Read more

The U.S. economy seems to be holding up

People shop at a retail store in Manhattan, New York City, on Jan. 5, 2024. Spencer Platt | 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 what you see? … Read more

Worries over rate cuts persist

Traders work on the floor of the New York Stock Exchange during morning trading on July 06, 2023 in New York City.  Michael M. Santiago | 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 … Read more

Wariness over rate cuts lingers

Traders react as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen, on the floor of the New York Stock Exchange (NYSE) in New York City, March 22, 2023. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to … Read more