Though the difference between the two brands’ monthly sales totals is relatively small, the implications of BYD beating out Tesla “are enormous,” says Felipe Munoz, global automotive analyst at JATO Dynamics. Jaap Arriens | Nurphoto | Getty Images Despite incurring a higher tariff rate than Tesla, Chinese electric vehicle maker BYD sold more pure battery…
Federal Reserve Chair Jerome Powell speaks at the Thomas Laubach Research Conference held by the Federal Reserve Board of Governors on May 15, 2025 in Washington, DC. Andrew Harnik | Getty Images Federal Reserve Chair Jerome Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is…
A For Sale sign sits in front of a home on May 12, 2025 in Miami, Florida. Joe Raedle | Getty Images Mortgage demand from homebuyers rose for the second straight week, suggesting that potential buyers are now more enticed by the increasing supply of houses for sale than they are dissuaded by recent economic…
Namibia’s new president has announced that university fees will be scrapped from 2026. President Netumbo Nandi-Ndaitwah, the country’s first female president, made the announcement during her maiden state of the nation address on Thursday evening. Addressing lawmakers, Nandi-Ndaitwah said that students would pay “no registration [or] tuition fees” at all public universities and technical colleges….
Nikita Yadav BBC News, Delhi @MEAIndia/X Vance (left) and Modi discussed matters related to trade, defence and bilateral cooperation India and the US are making progress in negotiating a bilateral trade deal, the countries said after a meeting between Prime Minister Narendra Modi and Vice-President JD Vance in Delhi. Vance is currently on a four-day…
Ryan Ratliff, center, real estate sales associate with Re/Max Advance Realty, shows Ryan Paredes, left, and Ariadna Paredes a home for sale in Cutler Bay, Florida, on April 20, 2023. Joe Raedle | Getty Images A sharp drop in mortgage interest rates finally lit a fire under loan demand. Both current homeowners and potential homebuyers…
Natalie Sherman Business reporter, BBC News Getty Images A new 25% tax is set to be imposed on imports of steel and aluminium into the US from countries including Canada, Mexico, Brazil, as well as the European Union. The new tariff measures announced by President Donald Trump will mean US businesses wanting to bring the…
As President Donald Trump threatens to impose his first tranche of tariffs on the world Saturday, Chinese manufacturers are bracing for impact. Though Trump is proposing his biggest initial swing at Canada and Mexico with a proposed 25% tariff, the U.S. president still has China on his radar. After a report that the administration could…
The price to climb Mount Everest will soon increase for the first time in nearly a decade, as Nepal announces a sharp mark-up in permit fees. From September, those seeking to summit the world’s tallest mountain during peak season will have to pay $15,000 (£12,180), a 36% rise on the longstanding fee of $11,000, officials…
US President Donald Trump displayed on a television during a news broadcast on the floor of the New York Stock Exchange (NYSE) in New York, US, on Tuesday, Jan. 21, 2025. Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors…
