Exterior view of the Tesla Gigafactory during a government-organised media trip in Shanghai, China, April 14, 2026. Go Nakamura | Reuters BEIJING — Survivors have emerged in China’s fiercely competitive car market, which is increasingly dominated by electric-powered vehicles. Here are brands that have emerged as Chinese consumers’ favorite, according to industry data from Autohome:
Technology
Intel announced on Tuesday it had upsized its previously announced common stock offering to $20 billion, with an offer price of $95 per share. The chipmaker announced a $15 billion common stock offering on Monday to support skyrocketing customer demand for artificial intelligence computing power. Shares of Intel fell 4% in response. Intel said the
Trump Media & Technology Group on Monday reported a net loss of more than $238 million for its fiscal second quarter on revenue of less than $2 million. That loss, which dwarfed the almost $20 million it lost in the same period last year, was primarily due to declines in non-cash assets, including more than
Elon Musk speaks at Starbase before SpaceX’s IPO in in Starbase, Texas, U.S., June 12, 2026. CNBC Shares of Elon Musk‘s SpaceX whipsawed on Monday, as the stock traded near its $135 IPO price. The shares briefly hit the benchmark in early trading on Monday, marking a rebound from rocky post-IPO trading that has seen
Hirun | Istock | Getty Images Over the past two weeks, OpenAI, Anthropic and Meta all revealed that their AI models went rogue during routine security testing. In explaining what happened, the companies each mentioned the same small Israeli startup: Irregular. Founded three years ago and based in Tel Aviv, Irregular is a niche player
A folder of social media applications, including TikTok, Instagram, X (formerly Twitter), Snapchat, YouTube, Facebook, Threads, Discord, and Messenger. Nurphoto | Nurphoto | Getty Images Millennials may feel a pang of nostalgia at the news of Myspace’s planned revival, but analysts caution that the once-dominant social media platform faces long odds in an overcrowded market
A pedestrian walks by a Verizon store on Nov. 13, 2025 in San Francisco, California. Justin Sullivan | Getty Images Service was down for several hours Saturday afternoon for thousands of Verizon customers in the U.S. The outages began around 3:30 p.m. ET, with Verizon receiving the highest number of complaints at more than 13,000
AI stocks came roaring back this week as investors worked through another wave of corporate earnings and a surprisingly weak July jobs report . The major averages notched a second straight week of gains, with the Dow Jones Industrial Average and S & P 500 both touching record highs. The blue-chip index closed at a
Michael Cannon-Brookes, co-CEO of Atlassian. Scott Mlyn | CNBC The “SaaSpocalypse” was raging this week. Then it got a reprieve. The pennies-on-the-dollar acquisition of one-time highflyer Airtable, followed by plunges in HubSpot, Datadog and Figma on earnings reports, all served to underscore investor concerns that artificial intelligence models are eating away at the value of
Timon Schneider | Lightrocket | Getty Images Building on the growing popularity of livestreamed shopping, startup market Whatnot said on Friday that it has closed its latest round of funding at a $20 billion valuation, nearly doubling its valuation from less than a year ago. Whatnot, which said that it has more than 650,000 new
Mark Zuckerberg, CEO of Meta, is seen in the U.S. Capitol after a meeting in the office of Senate Majority Leader John Thune, R-S.D., March 26, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images Meta was ordered to pay $567 million into an abatement fund in New Mexico as part of a public
SpaceX founder Elon Musk addresses members of the media during a press conference announcing new developments of the Crew Dragon reusable spacecraft, at SpaceX headquarters in Hawthorne, California, Oct. 10, 2019. Philip Pacheco | Afp | Getty Images Early SpaceX investors will have their first chance to cash out a portion of their holdings on
CNBC’s Jim Cramer said Wednesday investors looking at Elon Musk’s SpaceX should stop thinking in quarters and start thinking in decades. “SpaceX could be a 100-year piece of paper,” the “Mad Money” host said, arguing that SpaceX should be viewed much like the century-long railroad bonds that ultimately rewarded patient investors. “Maybe you put some
Advanced Micro Devices CEO Lisa Su on Wednesday brushed off comments from Elon Musk that SpaceX was committing to exclusively use Nvidia artificial intelligence chips. “I have tremendous respect for Elon and everything that he has done, and so we look forward to continuing to partner over the longer term,” Su told CNBC’s “Squawk on
The SpaceX headquarters is seen on Monday, Aug. 3, 2026 in Hawthorne, CA. Eric Thayer | Los Angeles Times | Getty Images After SpaceX spent way more on its AI buildout than analysts expected, executives tried to convince investors on Tuesday that it’s all worthwhile, claiming that the company is making its money back within
Apple has launched a fresh legal challenge against a U.K. government attempt to access encrypted data held by British customers. The move comes a year on from the previous dispute between the two over a request from the U.K.’s Home Office for both British and American customer data. That order was dropped by the U.K.