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Chinese Tesla rival Nio says global chip shortage will hit its electric car production

Chinese Tesla rival Nio says global chip shortage will hit its electric car production
A Nio Inc. ES6 electric SUV at a battery swap station inside a parking lot in Shanghai on March 1, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese electric car start-up Nio said Tuesday a global chip shortage will force it to manufacture...

Stocks making the biggest moves after the bell: Zoom, Roku, Novavax & more

Stocks making the biggest moves after the bell: Zoom, Roku, Novavax & more
A trader working after the Nasdaq opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Check out the companies making headlines after the bell on Monday: Zoom Video – Shares of the video communications company popped 8.5% on the back...

New York attorney general warns cryptocurrency industry: ‘Play by the rules or we will shut you down’

New York attorney general warns cryptocurrency industry: 'Play by the rules or we will shut you down'
A visual representation of digital currencies. Yuriko Nakao | Getty Images New York Attorney General Letitia James sent a blistering warning to investors and industry members about the dangers of cryptocurrencies on Monday. "We're sending a clear message to the entire industry that you either play by...

Exxon shares jump as activist investor Jeff Ubben joins the board

Exxon shares jump as activist investor Jeff Ubben joins the board
Exxon Mobil announced two board seat changes Monday, including activist investor and ESG proponent Jeff Ubben, in a news24nation that the company is confronting its uncertain future as the world moves toward cleaner energy and as investors shy away from oil stocks. Exxon said the...

‘There is no alternative’ — Stocks’ long-running ‘TINA’ advantage could be ending, worrying traders

Stocks will remain attractive despite rising Treasury yields, Morgan Stanley predicts
The New York Stock Exchange (NYSE) stands in the Financial District in Manhattan on January 28, 2021 in New York City. Spencer Platt | Getty Images Will March be the death of the "TINA" trade? February started with the reflation trade, and ended with a bond market...

Warren Buffett owns more of a Chinese electric car company than General Motors

Warren Buffett owns more of a Chinese electric car company than General Motors
Chinese battery and electric vehicle maker BYD shows off a model of its Han EV series at the 2020 Beijing auto show. Evelyn Cheng | CNBC BEIJING — Warren Buffett's Berkshire Hathaway conglomerate has a larger stake in Chinese electric automaker BYD than it does of...

Chinese ministry calls for supply chain resiliency, without mentioning chip production targets

Chinese ministry calls for supply chain resiliency, without mentioning chip production targets
BEIJING — In the face of a global chip shortage and U.S. sanctions, China's Ministry of Industry and Information Technology declined Monday to name targets for semiconductor production. China would like to build up self-sufficiency in competitive technologies and rely less on imports of semiconductors,...

China’s aging population is a bigger challenge than its ‘one-child’ policy, economists say

China's aging population is a bigger challenge than its 'one-child' policy, economists say
A medical worker takes care of a newborn baby lying inside an incubator at Jingzhou Maternity & Child Healthcare Hospital on the eve of Chinese New Year, the Year of the Ox, on Feb. 11, 2021 in Jingzhou, Hubei Province of China. Huang Zhigang |...

Stock futures rise ahead of first trading day of March

Stock futures rise ahead of first trading day of March
A woman walks past the New York Stock Exchange (NYSE) at Wall Street on January 12, 2021 in New York City. ANGELA WEISS | AFP | Getty Images U.S. stock futures rose in overnight trading on Sunday, pointing to a strong open on the first trading...