Xpeng Motors launches the P5 sedan at an event in Guangzhou, China on April 14, 2021. The P5 is Xpeng’s third production model and features so-called Lidar technology. Arjun Kharpal | CNBC BEIJING — U.S.-listed electric car start-up Li Auto reported more deliveries than Xpeng in June, putting the latter in last place for the
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China cracking down on bitcoin mining and Elon Musk suspending Tesla’s acceptance of bitcoin due to the large amounts of energy it takes to mine have both contributed to the cryptocurrency losing almost half its value from its high of over $64,000 in April. It’s also making it hard for even bitcoin bulls to ignore
Sir Richard Branson may be trying to be first in the billionaire space race, but he believes there is plenty of opportunity in the market for companies like Virgin Galactic, Jeff Bezos’ Blue Origin, or Elon Musk’s SpaceX. “There’s room for 20 space companies to take people up there,” Branson said in an interview this
Twenty/20 We may not know what stocks in the S&P 500 will do next month, or in two years, but over the decades, we have a pretty good hunch that they’ll go up. Most of us also know what a stock is, and that definition hasn’t changed in centuries. None of that is true, of
By Richard Eisenberg, Next Avenue Editor As we’ve all noticed, inflation has been on the rise lately — the Consumer Price Index rose from 1.6% at the end of the first quarter of 2021 to about 3.4% for the second quarter. And that has major implications for how you should be managing your money: your savings,
Multimillion-dollar homes in Beverly Hills aren’t rare, but this $65 million Beverly Hills estate at 1108 Wallace Ridge (called Elementi) in the exclusive Trousdale Estates neighborhood, is officially accepting the Bitcoin equivalent to take it off the market. “Crypto is something the sellers are very interested in, and it’s a growing movement that I believe
The potential impact of hurricane winds on the search-and-rescue operations at the collapsed Surfside, Florida condominium could make the building structure collapse further, structural engineer Richard Slider warned Friday. “These systems or the concrete columns and slabs that are there now, are already unstable, to a certain extent,” Slider told CNBC’s “The News with Shepard
Rendering of the Krispy Kreme Times Square flagship. Krispy Kreme Check out the companies making headlines in midday trading. Virgin Galactic — The space tourism company’s stock is up 3% after announcing founder Sir Richard Branson will be aboard its next spaceflight test. The stock jumped as much as 25% shortly after the open before
The billionaire space race is heating up again. Virgin Galactic’s Richard Branson now plans to beat his fellow billionaire Jeff Bezos to space next week on a test spaceflight for the British billionaire’s space tourism company that will launch July 11. That’s more than a week before Bezos plans to complete his own spaceflight, along
blackCAT | E+ | Getty Images If you invest through Robinhood, you may get early access to shares when the company goes public. The online brokerage is reserving 20% to 35% of shares to be sold in an initial public offering for its customers, according to its most recent regulatory filing. While it’s uncertain exactly
New Jersey, the only state to have a pension funded status worse than Illinois’s (according to Pew’s 2020 compilation based on 2018 data), is quite pleased with itself because, as the state announced in a recent press release, “State Treasurer Elizabeth Maher Muoio announced that the Treasury Department today kicked off the start of the
Coastal design has always been in style, but as the pandemic comes to a close, it is becoming more popular again. This is because homeowners are seeking an open and airy vibe that feels more vacation-like, even if they’re landlocked. “Coastal design has been around for centuries, largely because it was the manner in which
In this article UAL DAL JBLU LUV AAL Travelers wait in line at a Transportation Security Administration (TSA) screening checkpoint at Orlando International Airport in May, 2021. Paul Hennessy | SOPA Images | LightRocket | Getty Images The Transportation Security Administration said Friday that airport screenings have climbed above 2019 levels for the first time
In this article JPM COIN Coinbase Founder and CEO Brian Armstrong attends Consensus 2019 at the Hilton Midtown on May 15, 2019 in New York City. Steven Ferdman | Getty Images Federal Reserve Chairman Jerome Powell met in May with Brian Armstrong, the CEO of cryptocurrency exchange Coinbase, central bank records show. The gathering happened
In this article AMZN Andy Jassy, CEO of Amazon Web Services. Patrick T. Fallon | Bloomberg | Getty Images Amazon said in a filing on Friday that it will grant Andy Jassy 61,000 shares of stock on Monday, when he replaces Jeff Bezos as the online retailer’s second CEO. The shares will vest over a
Three sun-and-sand spots — California, Florida and Hawaii — account for a quarter or more of all flights and car rentals this weekend. Erik Isakson | Tetra images | Getty Images As people head into the long July 4 weekend, travel bookings are at last nearing pre-pandemic levels, according to a new analysis from TripIt
By Barbara Field, Next Avenue The U.S. Chamber of Commerce reported last summer that female-owned small businesses were “disproportionately affected by the coronavirus pandemic and corresponding economic crisis.” The prediction for growth and revenue looked depressing. But these three women, all over 50, bucked the statistics by embracing digital technology and pivoting their businesses. During the
When you set up an account to “transfer on death,” the assets will go directly to beneficiaries upon the owner’s death. While these assignments can help avoid probate, this account titling should still be carefully coordinated with the owner’s overall estate plan, especially for larger accounts and estates. While simply titling an account “Transfer on
Atticus is the CEO of PadSplit, an affordable, shared housing model that creates financial independence for workers. During my career in affordable housing, I’ve heard many times that insufficient legal protections for tenants are the root cause of the affordable housing crisis. Recently, I’ve encountered more pushback along these lines — with some taking umbrage to
In this article REGN NTLA Following a breakthrough trial where gene-editing technology CRISPR completed its first systematic delivery as medicine to a human body, Intellia Therapeutics CEO John Leonard said he hopes the gene therapy could be made available to patients “very, very soon.” “These approaches are subjected to the standard sorts of clinical trials