Business Blog

'China has a lot more to lose': U.S. considering sanctioning Chinese firms aiding Russia's war

The U.S. is considering slapping sanctions on Chinese companies it believes are helping Russia fuel its war in Ukraine, members of Congress told CNBC.

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Xpeng plans to hire 4,000 people, invest in AI as CEO warns EV rivalry may end in 'bloodbath'

Xpeng plans to hire 4,000 new people and invest 3.5 billion Chinese yuan ($486.2 million) in artificial intelligence technology, according to the company's CEO.

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Houthis claim 'catastrophic' attack in Red Sea that prompted crew to abandon ship

The Iran-backed Houthi group on Sunday damaged a ship offshore Yemen, prompting its crew to abandon the vessel.

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Magnificent 7 profits now exceed almost every country in the world. Should we be worried?

The so-called "Magnificent 7" U.S. tech behemoths encompass Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla.

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Nintendo shares fall nearly 6% after report that the Switch 2 will be delayed until 2025

Nintendo shares fell nearly 6% after a report said the launch of the Switch 2, the next version of its flagship gaming console, would be delayed until 2025.

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Lyft shares soar more than 60% on earnings beat, guidance

Lyft reported better-than-expected earnings on Tuesday and issued uplifting guidance.

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