Tesla launched a revamped version of its Model Y in China. Tesla Tesla on Friday announced a revamped version of its popular Model Y in China, as the U.S. electric car giant looks to fend off challenges from domestic rivals. The Model Y will start at 263,500 Chinese yuan ($35,935), with deliveries set to begin…
The logo for Taiwan Semiconductor Manufacturing Company is displayed on a screen on the floor of the New York Stock Exchange on Sept. 26, 2023. Brendan Mcdermid | Reuters Taiwan Semiconductor Manufacturing Co. posted December quarter revenue that topped analyst estimates, as the company continues to get a boost from the AI boom. The world’s…
Tourists take photos in Shinsekai with Tsutenkaku tower in sight in Osaka, Japan, on December 12, 2024. Kichul Shin | Nurphoto | Getty Images Planning an international trip this year? You could be in luck, if you’re willing to fly far. Long-haul trips are cheaper than last year, according to data released this week from…
Firefighters work as a brush fire burns in Pacific Palisades, California on Jan. 7, 2025. David Swanson | AFP | Getty Images Massive wildfires are devastating the Los Angeles area of Southern California. As of Thursday morning, at least five people were killed, more than 100,000 residents have been ordered to evacuate, and nearly 2,000…
Ford Motor CEO Jim Farley during a reveal of a special-edition Ford Mustang GTD for the Detroit Auto Show on Jan 9, 2024. Michael Wayland/ CNBC DETROIT — Ford Motor‘s operations in China earned roughly $600 million last year despite challenging market conditions, CEO Jim Farley said Thursday night. “I’m happy to say that Ford makes…
2025 Mustang GTD Spirit of America Ford DETROIT — Ford Motor on Thursday revealed a special edition of its $325,000 Mustang GTD called “Spirit of America,” a nod to historical jet-propelled cars sharing the same name. The white vehicle features red and blue stripes down its center, matching the overalls that Spirit of America driver…
Israel Sebastian | Moment | Getty Images The fourth-quarter estimated tax deadline for 2024 is Jan. 15, and missing a payment could trigger “unexpected penalties and fees” when filing your return, according to the IRS. Typically, estimated taxes apply to income without withholdings, such as earnings from freelance work, a small business or investments. But…
U.S. Treasury yields fell on Thursday in a shortened trading session as the bonds market will close early in honor of the late former U.S. President Jimmy Carter. The 10-year Treasury yield was near flat at 4.691%, while the 2-year Treasury yield was about 2.5 basis points lower at 4.268%. On Wednesday, Treasury yields topped…
President Donald Trump shakes hands with Microsoft CEO Satya Nadella during an American Technology Council roundtable at the White House in Washington on June 19, 2017. Nicholas Kamm | AFP | Getty Images Microsoft said Thursday that it’s contributing $1 million to President-elect Donald Trump’s inauguration fund. The software maker is now more closely aligned…
Jakub Porzycki | Nurphoto | Getty Images Just 10 days before the U.S. ban on TikTok goes into effect, businessman Frank McCourt’s internet advocacy nonprofit Project Liberty announced Thursday it has submitted a proposal to buy the social media site from Chinese technology company ByteDance. Project Liberty and its partners, known as “The People’s Bid…
