Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images BEIJING — Chinese electric car company Nio announced Tuesday it received $738.5 million in new capital from a fund owned by the Abu Dhabi government. The strategic
Airbnb CEO Brian Chesky isn’t afraid of artificial intelligence displacing jobs. In fact, he thinks it’ll create more of them — particularly in the world of entrepreneurship. Since ChatGPT started gaining popularity last winter, tech icons from Apple co-founder Steve Wozniak to billionaire entrepreneur Mark Cuban have admitted they’re worried that AI will replace human
Erin M. Collins, National Taxpayer Advocate Source: IRS After a flood of business returns with a pandemic-era tax credit, the IRS is weighing guidance for those who wrongly claimed the tax break. The employee retention credit, or ERC, was created to support small businesses during the Covid-19 pandemic. There’s still time to amend returns and
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT When Amazon first announced plans for a second corporate headquarters in 2017, it set off an epic bidding war. Virginia beat 237 competitors to win the project, and when it finally opened last week in the Crystal City section of Arlington, Virginia Gov. Glenn Youngkin
One of the biggest criticisms of the S&P 500 is that it’s market cap weighted. Financial pros often balance that by owning equal-weight ETFs like RSP, the Invesco S&P 500 Equal-Weight ETF.
From drive-thru to back-of-house operations to predictive ordering for consumers, restaurant brands are starting to pilot artificial intelligence to streamline food service. The technology has yet to reach critical mass at major chains but has the potential to automate more tasks and give restaurant workers the opportunity to have a more meaningful experience with guests.
PIMCO headquarters building in Newport Beach, Calif. Scott Mlyn | CNBC The Securities and Exchange Commission said investment adviser Pacific Investment Management Company will pay $9 million to settle two enforcement actions related to disclosure and procedure violations. “We are pleased to resolve these matters relating to issues which occurred in two funds more than
Hush trips may be getting harder to pull off. Some companies are getting strict about their return-to-office policies, and it’s not as easy to slip away for a workcation without notifying the boss. In the past year, nearly one in 10 workers embarked on a hush trip, according to a survey of 1,010 full-time workers
Jim Casselberry, Known Source: Known Black people in America won their personal freedom 158 years ago. Economic freedom, though, has been far more elusive. Veteran portfolio manager Jim Casselberry is trying to do something about that, using his four decades of investing experience to help bridge the gap for people of color and the Indigenous
The Manhattan skyline is shrouded in a smoky haze from Canadian wildfires as seen from the East River waterfront in Brooklyn, New York, June 6, 2023. Ed Jones | Afp | Getty Images Eight of the warmest years in history have all come since 2015. With an El Niño weather pattern developing, it could be
In this article 8001.T-JP 8058.T-JP 8002.T-JP 8031.T-JP 8053.T-JP BRK.A Follow your favorite stocksCREATE FREE ACCOUNT General view of the financial district of Lujiazui in Pudong district in Shanghai on April 12, 2023. Hector Retamal | Afp | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open
BlackRock recently made a significant announcement, unveiling their plans to launch a Bitcoin ETF. This development carries profound implications.