China's power crunch pushes foreign businesses to invest in factories elsewhere
In the last several days, many local Chinese governments have restricted power usage, limiting or even halting factory production.
CNBC Asia
Mayor of Kabul warns, ‘We have millions of people who are at the verge of famine and hunger’
Mayor of Kabul, Mohammad Daoud Sultanzoy, discusses the state of Afghanistan nearly one month after the U.S. withdrew from the country.
Bitcoin holders have a few months to take advantage of a tax loophole that could go away in 2022
The House Ways and Means Committee is trying to shut down one of the most lucrative crypto tax loopholes, but it's not too late to use it for the 2021 tax year.
Japan's Nikkei 225 falls more than 2%; Evergrande shares surge nearly 15%
The Nasdaq Composite plunged nearly 3% overnight on Wall Street as tech names fell amid rising bond yields.
Tesla CEO Elon Musk says U.S. government should avoid regulating crypto
Tesla chief Elon Musk on Tuesday said the government should steer clear of trying to regulate the crypto market.
EV start-up Lucid begins production of flagship Air sedan ahead of customer deliveries
Electric vehicle start-up Lucid on Tuesday said production of its first cars for customers has started, with deliveries scheduled to begin late next month.
U.S. needs to work with Europe to slow China's innovation rate, Raimondo says
"We have to work with our European allies to deny China the most advanced technology so that they can't catch up in critical areas like semiconductors."
Asia-Pacific stocks mostly fall as economists cut China's GDP forecasts; Brent crosses $80 per barrel
Goldman Sachs and Nomura recently slashed their forecasts for China's GDP growth in 2021.
Goldman cuts China's growth forecasts, citing power crunch as 'yet another growth shock'
The Wall Street banking giant expects China's economy to grow 7.8% in 2021 compared with a year. That's lower than its previous forecast for an 8.2% expansion.
Ford and SK Innovation to spend $11 billion, create 11,000 jobs on new U.S. EV and battery plants
The investment includes two lithium-ion battery plants in central Kentucky and a 3,600-acre campus in west Tennessee called Blue Oval City.
China will likely fail in its CPTPP bid — but it's a 'smart' move against the U.S., say analysts
China's application to join the mega trade pact stands in contrast to the U.S.' lack of economic policy in Asia-Pacific, analysts said.
Nomura cuts China GDP forecast as power crunch drags down growth
Nomura's Chief China Economist Ting Lu cut his forecast for Chinese GDP growth as factories shut down to comply with carbon emissions reduction targets.
U.S., EU to discuss global trade and tech cooperation as they seek to counter China
The urgency between the U.S. and European Union to cooperate on trade and tech broadcasts Western ambition to ante up for competition with China.
China- and Hong Kong-based bitcoin holders scrambling to protect their crypto assets
Some crypto holders in China and Hong Kong are scrambling to safeguard their crypto assets, according to an attorney who works with overseas crypto clients.
Evergrande shares in Hong Kong rise as investors monitor situation; Asia stocks struggle for direction
Shares in Asia-Pacific were mixed on Monday, with investors monitoring stocks related to embattled developer China Evergrande Group.
Four ‘contrarian’ trades that could withstand the market's wild swings
Wilmington Trust's Meghan Shue believes she has a winning strategy to beat out the market's wild swings.
Elon Musk says the chip shortage is a ‘short-term’ problem
Tesla CEO Elon Musk said Friday that the ongoing semiconductor crisis will be over by next year.
Quad on the rise: Three big predictions from CNBC's project on the U.S.-India-Japan-Australia group
CNBC generated specific predictions about the four Quad nations, China and other countries and territories with a stake in the Indo-Pacific region.
Japan's Nikkei 225 jumps 2% as investors seek clarity on Evergrande situation
The Wall Street Journal reported Thursday that Chinese authorities have told local officials to prepare for a potential demise of developer Evergrande.
Airbnb says it has doubled the number of Afghan refugees it plans to temporarily house
Airbnb announced Thursday that it is planning to provide temporary housing to an additional 20,000 Afghan refugees, bringing the total number up to 40,000.
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