A courier for Missfresh grocery delivery drives past Chinese ride-hailing company Didi’s offices. Both companies went public in the U.S. in June 2021. Gilles Sabrie | Bloomberg | Getty Images BEIJING — For investors in Chinese IPOs like Didi, reading the fine print will become more critical for avoiding losses. Ride-hailing app Didi — dubbed
Month: July 2021
BYD’s Han electric car, pictured here at the 2021 Shanghai auto show, is one of the most popular new energy vehicles in China. Evelyn Cheng | CNBC BEIJING — Chinese automaker BYD sold fewer all-electric passenger cars in the first six months of this year than the same period in 2019, before the coronavirus pandemic.
Allen Weisselberg, center, chief financial officer of Trump Organization, exits from criminal court in New York on July 1, 2021. David Dee Delgado | Bloomberg | Getty Images The Trump Organization and its chief financial officer, Allen Weisselberg, pleaded not guilty to tax crimes on Thursday. Experts say the illegal practices the government alleges occurred
Monday marks Jeff Bezos’ final day as the CEO of Amazon, the company he launched in 1994 as an online bookseller that is now an ecommerce behemoth anworth $1.7 trillion — the company that has made him the richest person in the world with a nearly $200 billion fortune. Over Bezos’ roughly 27 years as
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters Stock futures were flat in overnight trading on Monday as Wall Street gets set to kick off the holiday-shortened week with the S&P 500 at a record high. Futures on
In this article BA A Transair Beoing 737 Cargo Jet sits on the tarmac at the Transair Cargo Facility at the Dainel K. Inouye Internaional Airport on July 2, 2021 in Honolulu, Hawaii. Eugene Tanner | AFP | Getty Images National Transportation Safety Board investigators plan to use sonar imaging on Monday to try to
Jeffrey Coolidge | Getty Images Rising inflation is a concern for Kevin Linehan, 68, a retiree in Fitchburg, Massachusetts. After a heart attack at age 44, Linehan left his career with the Postal Service early, opting for reduced disability retirement income. “It wasn’t the best financial thing to do,” he said. “But at the time,
A customer eyes the beverage section in a supermarket on June 9, 2021 in Handan, Hebei province. Li Hao | Visual China Group | Getty Images BEIJING — Chinese consumers spent less on daily necessities from foreign brands last year during the coronavirus pandemic, while those in smaller cities were more willing to spend than
Japan’s vaccination efforts are gaining some momentum now after a slow start, and that’s good news for retailers, said EY’s Nobuko Kobayashi. “The vaccination, finally, is picking up steam in Japan. Government says that all who wants to be vaccinated can be by October, November,” Kobayashi, Asia-Pacific strategy execution leader at EY, told CNBC’s “Street
The age at which you claim Social Security helps determine how big your monthly retirement benefit checks will be for life. If you wait until your full retirement age — generally 66 or 67 — to claim, you will get 100% of what you earned based on your contributions to the program. And if you
China cracking down on bitcoin mining and Elon Musk suspending Tesla’s acceptance of bitcoin due to the large amounts of energy it takes to mine have both contributed to the cryptocurrency losing almost half its value from its high of over $64,000 in April. It’s also making it hard for even bitcoin bulls to ignore
Commuters exit a Wall Street subway station near the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Futures contracts tied to the major U.S. stock indexes held steady at the start of the overnight session Thursday evening as Wall Street awaited the key June jobs report and another glimpse at the recovering
Residents line up with chairs on the side of the street as they watch an Independence Day celebration parade on July 4, 2021 in Brighton, Michigan. Emily Elconin | Getty Images News | Getty Images Americans are set to celebrate the Fourth of July after the coronavirus pandemic forced the cancellation of most events last
CHUYN | iStock | Getty Images Figures from the IRS show who has received money from the third stimulus checks for up to $1,400 per person — and there are some surprises. In fact, some people with adjusted gross incomes above $200,000 received a cut. The IRS reports 127,751 payments went to taxpayers in that
Students walk on the campus of Yale University in New Haven, Connecticut. Shannon Stapleton | Reuters Yale announced on Wednesday that it is dropping tuition for students in the school of drama starting this August following a $150 million donation from the David Geffen Foundation. Yale said that all current and future full-time students in
Chinese communist leader and Chinese President Xi Jinping spoke at the celebration for the 100th founding anniversary of the Chinese Communist Party on July 1, 2021 in Beijing, China. Lintao Zhang | Getty Images News | Getty Images BEIJING — One hundred years since the founding of China’s Communist Party — which it says was
Search and rescue personnel work at the site of a collapsed Florida condominium complex in Surfside, Miami, U.S., in this handout image July 2, 2021. MIAMI DADE FIRE DEPARTMENT | via REUTERS Authorities in Florida have accelerated plans to demolish a partially collapsed 12-story condominium building in Surfside, amid concerns that winds from Tropical Storm
Twenty/20 We may not know what stocks in the S&P 500 will do next month, or in two years, but over the decades, we have a pretty good hunch that they’ll go up. Most of us also know what a stock is, and that definition hasn’t changed in centuries. None of that is true, of
Sir Richard Branson may be trying to be first in the billionaire space race, but he believes there is plenty of opportunity in the market for companies like Virgin Galactic, Jeff Bezos’ Blue Origin, or Elon Musk’s SpaceX. “There’s room for 20 space companies to take people up there,” Branson said in an interview this
Guests attend a pool party in the penthouse apartment at the 50 United Nations Plaza building in New York. Michael Nagle | Bloomberg | Getty Images Manhattan real estate prices reached an all-time high in the second quarter, as buyers returned to the city and boosted demand for the largest, most expensive apartments, according to
Take a look at some of the biggest movers in the premarket: Virgin Galactic (SPCE) – Virgin Galactic shares soared 28.2% in the premarket after it announced that founder Richard Branson plans to be aboard a planned July 11 space flight. The flight would be 9 days before a scheduled Blue Origin flight would take
Probability of storm force winds from Hurricane Elsa Source: NOAA Elsa weakened to a tropical storm force but continued to plow toward Haiti and the Dominican Republic on Saturday, a day after making landfall on the Caribbean island nations of Barbados and St. Vincent. The Category 1 storm was about 40 miles southeast from Island
► Read more at https://on.ft.com/2wpkxop FT political editor George Parker says the European elections have exposed how both Britain’s ruling Conservative and opposition Labour parties are ‘cracking up’ under the pressure of Brexit ► Subscribe to FT.com here: http://bit.ly/2GakujT ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial
Stooges guitarist James Williamson talks about his journey from punk rock pioneer to Silicon Valley executive and back.
RealPeopleGroup | E+ | Getty Images If you’re one of the millions of Americans who have quit their job in recent months, you may be eager to move on to whatever is next for you. Yet because our work and the rest of our lives are often interwoven in a number of important ways, you’ll
Mary Erdoes Adam Galica | CNBC JPMorgan Chase wants to take the sustainable-investing trend to the next level. To do that, the biggest U.S. bank by assets has agreed to buy OpenInvest, a San Francisco-based start-up backed by Andreessen Horowitz and founded by former Bridgewater Associates employees, CNBC has learned exclusively. It’s the third acquisition
The billionaire space race is heating up again. Virgin Galactic’s Richard Branson now plans to beat his fellow billionaire Jeff Bezos to space next week on a test spaceflight for the British billionaire’s space tourism company that will launch July 11. That’s more than a week before Bezos plans to complete his own spaceflight, along
Rendering of the Krispy Kreme Times Square flagship. Krispy Kreme Check out the companies making headlines in midday trading. Virgin Galactic — The space tourism company’s stock is up 3% after announcing founder Sir Richard Branson will be aboard its next spaceflight test. The stock jumped as much as 25% shortly after the open before
The potential impact of hurricane winds on the search-and-rescue operations at the collapsed Surfside, Florida condominium could make the building structure collapse further, structural engineer Richard Slider warned Friday. “These systems or the concrete columns and slabs that are there now, are already unstable, to a certain extent,” Slider told CNBC’s “The News with Shepard
blackCAT | E+ | Getty Images If you invest through Robinhood, you may get early access to shares when the company goes public. The online brokerage is reserving 20% to 35% of shares to be sold in an initial public offering for its customers, according to its most recent regulatory filing. While it’s uncertain exactly