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Volkswagen and Xpeng to build super-fast charging network in China for EVs
Top Volkswagen and Xpeng executives pose at the German automaker's launch event in Beijing, China, on Aug. 24, 2024.Bloomberg | Bloomberg | Getty ImagesShares of Volkswagen and Xpeng both rose on Monday after the two firms announced…
American homeowners are wasting more space than ever before
Tim Kitchen | The Image Bank | Getty ImagesThere may not be a lot of homes for sale these days, but there is a lot of housing space sitting empty. In fact, the most in recorded history.The number of extra bedrooms, which is defined as a…
Starbucks barista strike expands to more than 300 stores in 45 states
Starbucks workers hold signs as they picket in front of a Starbucks to demand collective bargaining agreements in Burbank, California on December 20, 2024. Frederic J. Brown | AFP | Getty ImagesA Starbucks barista strike is expanding to…
Honda shares set for best day in more than 16 years on share buyback plan, Nissan deal
A sign marks the location of a Honda dealership in Libertyville, Illinois, on Dec. 18, 2024.Scott Olson | Getty ImagesShares of Japanese automaker Honda were on track for their best day in 16 years after it announced to buy back up to…
The Federal Reserve cuts interest rates by another quarter point. Here’s what that means
The Federal Reserve announced Wednesday that it will lower its benchmark rate by another quarter point, or 25 basis points. This marks the third rate cut in a row — all together shaving a full percentage point off the federal funds rate…
Recalled Costco eggs may cause severe illness due to salmonella, FDA warns
A customer browses eggs for sale at a Costco Wholesale Corp. store in San Francisco, California. David Paul Morris | Bloomberg | Getty ImagesFederal food regulators raised their alarm for recalled eggs sold from Costco stores over…
CNBC Daily Open: Holiday-thinned markets cheered by strong Wall Street finish
Traders work on the floor of the New York Stock Exchange on Dec. 9, 2024.Michael Nagle | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to…
Europe’s real estate recovery looks set to pick up steam in 2025
Residential 19th century style residential buildings in historic center of Paris, France.Kolderal | Moment | Getty ImagesEurope's real estate sector is poised for further recovery in 2025, as investment activity picks up and growth…
Costco has the tools to show its expensive stock is still worth the premium in 2025
Costco , known for its in-store bargains, doesn't quite have a cheap stock. But its premium valuation — and place as a core holding in our investment portfolio — is more than warranted. We don't expect either fact to change in 2025.…
China’s electric car boom is increasingly more about hybrids
A Leapmotor vehicle with range extension is on display at the company's headquarters in Hangzhou, China, on June 22, 2024.Bloomberg | Bloomberg | Getty ImagesBEIJING — Hybrid-powered vehicles are proving more popular than battery-only…