Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. Aly Song | Reuters BEIJING — Tesla is recalling more than 700 units of its Model 3 electric car that were imported into China, the central government’s market regulator said Thursday. The announcement follows recalls

In this article TSLA BEVER-NL Elon Musk brought electric vehicles into the mainstream with Tesla. Now the EV company is grappling with the consequences of its own innovation, former Ford Motor CEO Mark Fields told CNBC on Wednesday. “One of the many things he did is he pushed the industry toward taking EV seriously,” Fields

In this article AMC AMC Entertainment CEO Adam Aron has seen his wealth soar by more than $200 million since the start of the year thanks to a retail-investor fueled rally, according to securities filings. The theater chain, which has become a favorite of retail investors and social media message boards, has seen its stock

In this article WIZZ-GB LONDON — The coordination of travel rules in the European Union has become a politicized process and the rules remain “unpredictable,” the CEO of Wizz Air said as the airline experiences “huge” demand for the summer. “I think the European Union as such has broken down completely, we have failed to

Crowds of people are seen shopping during a weekly market at Kandivali. SOPA Images | LightRocket | Getty Images India is expected to see double-digit expansion in the three months ending in June — but economists warn that the data won’t be painting the full picture of the country’s growth trajectory. South Asia’s largest economy

In this article AMC MUDS Noam Galai | Getty Images Entertainment | Getty Images Mudrick Capital sold all of its stock in AMC Entertainment, according to a new report from Bloomberg News. On Tuesday, AMC had disclosed the $230.5 million investment in a securities filing posted before the opening bell. Shares of the company rose

In this article NIO XPEV A Xpeng P7 electric car is on display during the 18th Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 20, 2020 in Guangzhou, Guangdong Province of China. VCG | Visual China Group | Getty Images GUANGZHOU, China — Chinese electric car company Nio saw deliveries

R.Tsubin | Moment | Getty Images The Biden administration wants to get tougher on tax cheats — and cryptocurrency is an area of interest. Virtual currencies like bitcoin and ethereum, which are collectively valued around $2 trillion, offer investors a way to shield income from tax authorities. In that way, the crypto economy contributes to

Ruins of the Greenwood District after the massacre of African Americans in Tulsa, Oklahoma, in June 1921. American National Red Cross photograph collection. GHI | Universal Images Group | Getty Images A century ago this week, the wealthiest U.S. Black community was burned to the ground. At the turn of the 20th century, the Greenwood

Lee Hsien Loong, Singapore’s prime minister. Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore’s Prime Minister Lee Hsien Loong said Monday that the country’s Covid restrictions may be relaxed after June 13 if the situation improves. “Barring another super-spreader or big cluster, we should be on track to bring this outbreak under control,”

Fashion has a polyester problem. It’s the most widely-used clothing fiber in the world, but as a synthetic material made from plastic, polyester needs a lot of energy to produce and is highly water and air polluting, according to the Council of Fashion Designers of America. The fashion industry is trying to tackle the issue,

In this article VIAC DIS Emily Blunt, Millicent Simmonds and Noah Jupe star in “A Quiet Place Part II.” Paramount The box office was anything but quiet over the weekend. John Krasinski’s “A Quiet Place Part II,” the sequel to his 2018 directorial debut, garnered $48.4 million over the weekend so far, the highest of

Close-up of discounted cans and cases of packaged cocktails on Safeway store shelves in Lafayette, California, December 31, 2020. Smith Collection/Gado | Archive Photos | Getty Images This summer’s hottest cocktail comes in a can. Between 2019 and 2020, the premixed cocktail category grew by 50% in the United States, according to industry tracker IWSR.

Americans are expected to spend roughly $4.7 billion on gas during the Friday through Monday of Memorial Day weekend, according to GasBuddy, an app and website focused on finding real-time fuel prices. That breaks down to about $1.18 billion spent on gas each day, give or take $1 million, Patrick De Haan, head of petroleum

A bird flies by in the foreground as a Southwest Airlines jet comes in for a landing at McCarran International Airport on May 25, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images Southwest Airlines said it is delaying plans to resume serving alcoholic beverages, after one of its flight attendants was assaulted and

kali9 | E+ | Getty Images The Centers for Disease Control and Prevention eased its public health guidance for summer camps Friday, saying fully vaccinated teens don’t need to wear face masks or stay 6 feet away from others. Fully vaccinated teens should still wear masks where required, including at local businesses and workplaces, according

In this article AMC Street performers in Minnie Mouse costumes pass in front of an AMC movie theater at night in the Times Square neighborhood of New York, Oct. 15, 2020. Amir Hamja | Bloomberg | Getty Images Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last

Check out the companies making headlines in midday trading. AMC Entertainment — Shares of AMC Entertainment are in a middle of a roller-coaster session Friday as they turned 5% lower after rallying as much as 38%. By midday, over 360 million shares have already been traded, more than tripling its 30-day average. Shares have already

In this article EQNR-NO SGRE-ES This photo shows wind turbine parts at a port in Ostend, Belgium. Philippe Clément/Arterra | Universal Images Group | Getty Images European ports will require new infrastructure and significant investment over the next few years to cope with the growth of the region’s offshore wind sector, according to a new

In this article MDLZ Mondelez CEO Dirk Van de Put on Thursday called its latest acquisition a “win win” for both companies involved in the deal. The Oreo-maker announced Wednesday its acquisition of Chipita, a Greek company whose croissants and baked snacks helped it generate $580 million in sales last year. The purchase sets Mondelez

In this article BA GE ABNB F DLTR DG The Ford company logo is displayed on a sign outside of the Chicago Assembly Plant on February 03, 2021 in Chicago, Illinois. Scott Olson | Getty Images Check out the companies making headlines in midday trading. Ford — The auto stock jumped 7.4% following an 8%

Electric vehicle manufacturing currently faces an “embedded carbon” challenge, says Jefferies’ Simon Powell. “To gain the environmental dividend that governments are looking for, users are going to have to keep them longer, drive them further than they may have done with a conventional internal combustion energy vehicle,” Powell, head of global thematic research at the

Snowflake CEO Frank Slootman said Wednesday that shareholders need to be patient with the company’s stock because the cloud transition is not happening overnight. “Our business is really going to conduct itself really over considerable, long periods of time,” Slootman said in an interview with CNBC’s Jim Cramer on “Mad Money.” “That’s sort of the

In this article BA LMT GM An artist’s concept shows an outline of the lunar vehicle design. Lockheed Martin | General Motors Lockheed Martin and General Motors are partnering to develop a new type of lunar vehicle for NASA to use during its upcoming Artemis missions to the moon, the companies announced on Wednesday. “Surface

With two major cultural events held last weekend, the international arts scene signaled it has no intention of letting yet another year get canceled by Covid.   Art Basel Hong Kong, which took place from May 19-23, marked the return of one of the world’s most venerated art fairs. The show came on the heels

Commerce Secretary Gina Raimondo on Tuesday expressed confidence around the Biden administration’s efforts to increase semiconductor manufacturing in the U.S. In an interview on CNBC’s “Mad Money,” Raimondo said the global chip shortage that’s rattled a range of industries demonstrates the need for America to boost domestic production capacity and once again become a leader.

In this article AMZN Pent-up consumer demand and a surge in online shopping due to the pandemic could make Amazon Prime Day even more popular. Which says a lot, considering it’s one of the most anticipated shopping events of the year. Prime Day, which is usually slated for July, typically includes discounts on more than

A patient receives oxygen while she waits outside a hospital in Kathmandu, Nepal on May 13, 2021. Government hospitals in the country lack beds for Covid-19 patients. Sunil Pradhan | Anadolu Agency | Getty Images India is currently at the epicenter of the global coronavirus pandemic — but it is not the only country with

CNBC’s Jim Cramer on Monday pushed back on fears that the U.S. economy could experience problematic levels of inflation during its recovery from the coronavirus pandemic-induced recession. The “Mad Money” host said there’s no question price pressures are being felt across a range of commodities and industries. However, Cramer said it hardly means America is

Birdies shoes sold out in late 2020, leaving the company unable to meet the year-end demand. Source: Bianca Gates As women across the country ditched their heels during the pandemic, shoe company Birdies thrived. The direct-to-consumer brand touts itself as a “stylish flat that’s secretly a slipper.” The result: 300% year-over-year growth in April 2021.