China could reopen in March, but zero-Covid has shaken confidence in supply chains, economist says

Elon Musk said that a Chinese automaker is likely to be the closest competitor to Tesla, while stressing the company is "winning in China" right now. Tesla has a number of challengers in China in the electric vehicle space, including a slew of start-ups such as Nio, Xpeng and Li Auto. Its biggest rival in China right now is BYD.

Many at the World Economic Forum in Davos described India as a bright spot on the world stage. Infrastructure spending, foreign investment, the digital transition and inflation heading lower were cited as causes for optimism. However, some analysts argue the country is largely benefiting from weak comparisons. With 2023's World...

BEIJING — Travelers from mainland China stuck close to home in Asia during the Lunar New Year, the first holiday after Beijing relaxed its Covid-related border controls. Hong Kong and Macao were the most popular spots, said Trip.com, citing flight bookings on its platform for the first four days of the Lunar New Year. The seven-day holiday kicked off on Saturday.

The world's first human-monkey hybrid has been successfully created in a laboratory, according to shocking research from Chinese scientists. This horrifying development occurred in 2021, after a team of researchers from the United States and Spain traveled to China in order to get around regulations that forbade this kind of research in their own nations.

The Russia-Ukraine War, which began almost a year ago in February 2022, continues unabated. In the fall of last year, a noted American investor shared his views on the economic repercussions of the conflict, and the likely outcome for Russian President Vladimir Putin. Billionaire hedge fund manager Paul Tudor Jones...

Inflatable tanks are a staple of Russia's deception doctrine known as maskirovka, or masking, meant to boost stealth tactics and sow confusion.

The global oil market remains tight according to Saudi Aramco, the largest oil producer in the world. And that does not bode well for a world that still relies heavily on fossil fuels. Disclaimer: We adhere to strict standards of editorial integrity to help you make decisions with confidence. All...

Over a dozen letters exchanged between former U.S. President Donald Trump and North Korean leader Kim Jong Un have been published by the Korean-American Club. What Happened: Trump’s self-described 'love letters' from Kim were retrieved by the authorities from his Mar-a-Lago residence in Florida. In the letter, Kim reportedly expressed his willingness to discuss his isolated country’s denuclearization with Trump while sidelining then-South Korean President Moon Jae In, reported Star And Stripes.

As a rifleman in the Republic of Korea Marine Corps who endured harsh training as part of his national service, Kevin Choi had "no doubt" about the state of his health. "I've got quite severe myopia, but I still believed I was very healthy," Choi told CNBC Make It. But...

Donald Trump said World War III could involve nuclear weapons and World War I and World War II would look like small battles, by comparison.

The U.S. is not in a recession, even as many economists and CEOs are bracing for a possible downturn this year. Yet many Americans think a downturn is already here. The reason: Record high inflation is already causing personal financial strain. For those who fear a recession may be coming,...

Treasury yields climbed on Friday as a key inflation report watched by the Federal Reserve indicated a sizable increase in prices. was up by a little over 2 basis points to 3.515% after topping 3.52% earlier in the session. The. yield was last trading at 4.205% after rising by around...

Wells Fargo on Thursday raised its earnings estimates for Club holding. ' (WYNN) operations in Macao, China, while increasing its price target on the casino operator. The move, driven by signs competitor. (LVS) is seeing a recovery at the world's biggest gambling hub, is further evidence Wynn is poised for...

The Arlington, Virginia-based company boosted overall employment by about 14,000 workers in 2022 to 156,000 as of Dec. 31, up from about 142,000 in 2021. Boeing employs about 136,000 workers in the United States. Boeing acknowledged it will "lower staffing within some support functions" - a move meant to enable...

1. Bond prices getting killed, inversely yields rising, on low number of jobless claims, sign of a still-strong labor market. Fourth-quarter economic growth was 2.9% versus 2.8% expected. Price index in GDP report in-line but much lower rise than Q3. Wall Street rises, looking past those higher bond yields. Perhaps, numbers supportive of soft landing in the Federal Reserve's inflation fight.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Calanthia Mei of Masa Finance explains the company's new soulbound NFT protocol on Ethereum.

CNBC's Jim Cramer on Friday said that Wall Street's recent gains could continue next week depending on the Federal Reserve's actions. "A decision not to raise rates at all might show too much weakness. A quarter-point with a statement that they'll remain vigilant will allow the bulls to party on," he said.

Stocks are on pace for a winning week. Intel expects its troubles to continue. Hasbro lays off 15% of its workforce. Here are the most important news items that investors need to start their trading day:. 1. On a roll. Stocks are headed for a winning week after Thursday's strong...

British airline Flybe entered administration for the second time and has cancelled all scheduled flights to and from the U.K., the regional carrier said on Saturday. British airline Flybe entered administration for the second time and has cancelled all scheduled flights to and from the U.K., the regional carrier said on Saturday.

The steel industry brings in revenue of about $1.6 trillion a year and represents between 7% and 9% global carbon dioxide emissions, according to the World Steel Association. On Friday, the clean steel technology company Boston Metal, which spun out of Massachusetts Institute of Technology announced a $120 million funding round, led by the international steel giant ArcelorMittal and with participation from software behemoth Microsoft.