Mercedes-AMG GT 43 4MATIC+ on display at Brussels Expo on January 9, 2020 in Brussels, Belgium.  Sjoerd Van Der Wal | Getty Images News | Getty Images Mercedes-Benz shares were sharply lower Thursday after the German carmaker reported a decline in profit and revenue as challenges from electrical vehicle competition …

Trouble is brewing for the U.S. consumer, according to one strategist, and a substantial labor market downturn could kickstart a recession. “I think the U.S. consumer is walking towards a cliff, basically,” Chris Watling, chief executive of financial advisory firm Longview Economics, told CNBC’s “Squawk Box Europe” on Tuesday. He …

Standard Chartered shares slid Thursday as the bank’s big bet on China hit a stumbling block, leading to significant losses in the country. Shares of the Asia-focused bank tanked as much as 17% in early deals, sparking a temporary halt in trade, Reuters reported. The stock was 11.7% lower by …

Chinese EV maker Leapmotor launched its first car for the international markets called the C10. Arjun Kharpal | CNBC Stellantis on Thursday said it will invest 1.5 billion euros ($1.58 billion) in Chinese electric vehicle startup Leapmotor, as traditional automakers look for a way to compete in China’s cutthroat market. …

An Xpeng G9 electric vehicle at the Xpeng pavilion in the Open Space area during the Munich Motor Show (IAA) in Munich, Germany, on Sept. 5, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese electric car company Xpeng said this week it plans to roll out driver-assist technology …

Chinese and US flags fly outside a hotel during a 2012 U.S. presidential election results event organized by the US embassy in Beijing on November 7, 2012. Ed Jones | AFP | Getty Images From the U.S. to China, countries around the world are battling it out to lead on …

Lawyers for Sam Bankman-Fried late Wednesday revealed details of his planned testimony if he takes the witness stand at his FTX fraud trial. Bankman-Fried’s legal team told Judge Lewis Kaplan in a six-page letter that he would address three key areas in such testimony, including suggesting that he relied on …

WUHAN, CHINA – MAY 25: (CHINA OUT) Attendees wear protective masks as they look around the at BMW Ix3 during 2023 Central China International Auto Show on May 25, 2023 in Wuhan, Hubei province, China. More than 80 brands took part in the 2023 Central China International Auto Show which …

Omar Marques | Lightrocket | Getty Images In Meta’s earnings report on Wednesday, the company gave guidance for the fourth quarter, with a surprisingly wide gap between the low number and the high. The $3.5 billion range ($36.5 billion to $40 billion) compares to a $2.5 billion range the company …

Common deal breakers in dating are typically tied to opinions on getting married and having children. But a recent survey has found a new red flag: not going to therapy. Dating app Pure polled 1,000 Americans aged 18 or over of various sexualities, ethnic and social backgrounds in September. It …