GUANGZHOU, China — As the hype over self-driving vehicles begins to wear a bit thin, it looks like the technology will come to trucks more quickly than passenger cars. Chinese autonomous driving company Pony.ai, which also has an office in California, has focused on applying the technology to passenger vehicles. Its latest funding round in
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The Gap and Old Navy stores located in Times Square, New York. Adam Jeffery | CNBC Gap Inc. on Thursday reported earnings and sales for the quarter that topped analysts’ expectations, after the company warned earlier this month that it was anticipating dismal results. Its shares were up about 1% in after-hours trading on the
Chris Martin of Coldplay performs live at San Siro Stadium, Milan, Italy, in July 2017. Mairo Cinquetti | NurPhoto | Getty Images Coldplay is one of the biggest bands in the world, racking up millions of record sales and packing out stadiums with adoring fans wherever they play. With a new record due for release
Anti-government protesters with their faces covered stand at Hong Kong Polytechnic University, which has been taken over by anti-government protesters, on November 21, 2019 in Hong Kong, China. Laurel Chor | Getty Images News | Getty Images U.S.–China relations will worsen if President Donald Trump signs a pro-Hong Kong rights bill into law, a former
A customer carries a shopping bag while exiting a Victoria’s Secret Stores LLC store, a subsidiary of L Brands Inc., in New York, U.S., on Wednesday, Nov. 14, 2018. Bloomberg | Getty Images L Brands turned in mixed third-quarter results Wednesday as declining sales at its Victoria’s Secret brand continued to weigh its performance. The company’s
Canopy Growth Tom Franck | CNBC With shares down more than 60% over the last six months, it’s tough to remain pessimistic on marijuana grower Canopy Growth, according to Bank of America Merrill Lynch. The brokerage upgraded the Canadian cannabis producer to buy from neutral on Wednesday and told clients that the stock’s 2019 swoon
Over the decades, automakers have been fond of rolling out fantasy-in-chrome concept cars, but few have pushed the design and engineering envelope as far as the Volkswagen Space Vizzion Concept making its debut at the Los Angeles Auto Show this week. With its over-the-top design, long-range battery-electric drive and digital technologies that include an augmented-reality
U.S. financier Jeffrey Epstein (C) appears in court where he pleaded guilty to two prostitution charges in West Palm Beach, Florida, U.S. July 30, 2008. Uma Sanghvi | Palm Beach Post | Reuters The FBI is investigating whether a “criminal enterprise” played a role in the controversial jailhouse death of well-connected sex criminal Jeffrey Epstein,
Reed Hastings attends the Netflix & Mediaset Partnership Announcement, Rome, 8th October 2019. Ernesto S. Ruscio | Getty Images Credit Suisse thinks Netflix shareholders can rest a little easier when it comes to one of its competitors, as the firm said the streaming service has not taken a notable subscriber loss from Disney’s new digital
GW Pharmaceuticals: “We like GW Pharma, but we’ve said it’s part of the cannabis cohort and because it has been pulled down by a lot of ETFs, and therefore it is still too early.” Turning Point Therapeutics: “Turning Point Therapeutics is a very big speculative situation. Most people wouldn’t know the difference between Turning Point
Scott Gottlieb, former Commissioner of the FDA Adam Jeffery | CNBC The Trump administration’s delay of rules that would restrict flavored e-cigarettes may look like a win for the industry right now, but it will come at a steep cost later, according to former FDA Commissioner Scott Gottlieb. “Delays on regulatory steps to combat youth
The booming market for luxury rentals in Manhattan has led to a new market segment: the $100,000-a-month rental. Demand for ultra-luxury rentals is soaring in Manhattan as more wealthy buyers decide to sit on the sidelines and rent. At the same time, more sellers of trophy penthouses and pricey townhouses are opting to rent to
In the early 1980s, a three-man team spent two years preparing to walk the length of the Great Wall of China. The team focused on the portion that was built during the Ming Dynasty — the well-preserved part depicted in photographs and travel brochures. The 5,500 mile journey took the trio 508 days. If the
A general view shows people walking across the flooded St. Mark’s Square, by St. Mark’s Basilica on November 15, 2019 in Venice, two days after the city suffered its highest tide in 50 years. Filippo Monteforte | AFP | Getty Images For Venetians, water is a way of life. It surrounds the city, ebbing and
Campaigners gather at London’s V&A Museum on Saturday Nov. 16, 2019, to protest against its display of the Sackler name. CNBC’s Chloe Taylor Campaigners gathered at London’s famous Victoria and Albert (V&A) Museum Saturday to protest against its display of the Sackler name. Some members of the billionaire Sackler family are known for founding and
Coffee comes in many forms — hot, cold, flavored and decaffeinated. But the idea of coffee without the bean —well that’s something new. It’s called “molecular coffee.” Atomo, a start-up located just blocks from the famous Starbucks in Seattle’s Pike Place Market, said it’s reverse-engineered the coffee bean. And if you’re wondering why, you’re not
Anheuser-Busch remains the king of beers, ruling nearly 41% of the $119 billion U.S. market for beer and malt-based beverages. But there’s trouble in the consumer market for the iconic maker of Budweiser, Bud Light, Beck’s, Goose Island and dozens of other brands. Americans are drinking less beer and more wine and spirits, while also
CNBC’s Jim Cramer previews next week’s earnings reports from companies such as Target, Kohl’s and Foot Locker. The “Mad Money” host also chats with LivePerson CEO Robert LoCascio, who discusses how artificial intelligence has changed the way customers interact with companies. Later in the show he explains why both Wells Fargo and Walmart are worth buying.
Gary Jones, president UAW International, (left) and Bill Ford, executive chairman, Ford Motor, shake hands on July 15, 2019 at Ford World Headquarters to begin negotiations for a new contract. Ford DETROIT – Members of the United Auto Workers have approved a new four-year deal with Ford Motor, the union announced Friday. The deal requires
President Donald Trump delivers remarks during a campaign rally in Bossier City, LA, November 14, 2019. Tom Brenne | Reuters Health-care stocks rose Friday after President Donald Trump discussed his administration’s new rule that will force hospitals to disclose the discounted prices they negotiate with insurers. Insurers UnitedHealth, Cigna, Humana and Anthem were each moving