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☆ Noted Tesla bear says Musk's EV maker could 'go bust' and stock is worth $14
▼ + stars: | 2024-04-03 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

Since 2020, Clean Energy Transition has been short Tesla's stock, meaning Lekander's firm will profit if the automaker's shares fall. Lekander has taken his bearish Tesla call further, suggesting the stock could fall to $14 per share. watch nowIf Tesla's stock hit $14, that would represent around 91% downside from Tuesday's close. Analysts at HSBC and TD Cowen cut their price targets on Tesla's stock on Wednesday. Cathie Wood's Ark Invest bought Tesla stock for some of its funds this week ahead of the first-quarter delivery numbers in a sign of support.

Persons: Elon Musk, Tesla, Antonio Masiello, shorting, Lekander, Tesla's, that's, Richard Windsor, Windsor, Dan Ives, Ives, TD Cowen, Cathie Wood, Tom Narayan, CNBC's Organizations: Fratelli, shorting Elon, CNBC, Wednesday, Clean, Lansdowne Partners, Volkswagen, Radio Free Mobile, Wedbush Securities, HSBC, Invest, RBC Capital Markets Locations: Italy, Rome

☆ Why this market has left behind direct-to-consumer companies like Warby Parker, AllBirds and Rent the Runway
▼ + stars: | 2024-04-03 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Direct-to-consumer brands – household names like HelloFresh, Peloton, Allbirds, Stitch Fix, Warby Parker and Rent the Runway, which cut out traditional retailers, wholesalers and other middlemen – have been falling. Investors shied away from high-growth stocks and retreated into companies with solid fundamentals and, most importantly, lots of profit. The problem is that none of these direct-to-consumer (DTC) companies have managed to make the transition to profitability themselves. Rent the Runway was down $114 million, and mattress company Purple lost about $121 million. Other companies, like SmileDirectClub, which went public in 2019, and Winc, a wine subscription company that went public in 2021, have declared bankruptcy.

Persons: Allbirds, Warby Parker, don’t, they’ll, ”, Ben Cogan, they’ve, Cogan, Casper, “, it’s, Sesame, Michael Botta, Tesla, Chris Isidore, Elon Organizations: New, New York CNN, Agora, CNN, Hubble, Venture, “, Companies, Wonder Group, Durational Capital Management, Costco, Western, Tesla Locations: New York

☆ GM U.S. vehicle sales fall 1.5% during the first quarter, underperforming other major automakers
▼ + stars: | 2024-04-02 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – General Motors on Tuesday reported a 1.5% decline in first quarter U.S. vehicle sales compared to a year ago, as the overall auto industry normalizes after years of disruptions and volatile results. Retail sales to customers were up 6%, GM said. GM's sales are below expectations for the overall industry, which Cox Automotive forecast to be up 5.5% from a year earlier. Buick was the only GM brand to report a sales increase during the quarter, up 16.4% from a year earlier. GM reported sales of its full-size pickups totaled roughly 197,000 units, up 3.6% from a year earlier, during the first quarter – marking their best performance during that time since the first quarter of 2020.

Persons: Marissa West Organizations: DETROIT, Motors, U.S, Detroit automaker, GM, Cox, Buick, GMC, Cadillac, Chevrolet, GM North America

☆ Indian carmakers end fiscal 2024 at record levels as March sales rise
▼ + stars: | 2024-04-02 | by ( ) www.cnbc.com time to read: +1 min

Maruti Suzuki, Tata Motors and Mahindra & Mahindra reported higher car sales in March, wrapping up fiscal 2024 at record levels, monthly data from the automakers showed on Monday. Maruti Suzuki , Tata Motors and Mahindra & Mahindra reported higher car sales in March, wrapping up fiscal 2024 at record levels, monthly data from the automakers showed on Monday. Each month, automobile makers in India release wholesale numbers, or vehicle sales to dealers. A surge in domestic sales of pricier sport utility vehicles, or SUVs, last year has extended into 2024. Utility vehicles accounted for nearly 60% of total passenger vehicle sales from April 2023 to February 2024, according to industry data.

Persons: Maruti Suzuki Organizations: Tata Motors, Mahindra Locations: India

☆ Tesla’s Sales Drop, a Sign That Its Grip on the E.V. Market Is Slipping
▼ + stars: | 2024-04-02 | by ( Jack Ewing | ) www.nytimes.com time to read: +1 min

The company said it delivered 387,000 cars worldwide in the first quarter, down 8.5 percent from 423,000 vehicles in the same period last year. This was the first time Tesla’s quarterly sales have fallen on a year over year basis since the pandemic started in 2020. The sales figures were also significantly lower than the estimates of Wall Street analysts who had expected a modest increase. The reduced deliveries are the latest sign that Tesla’s dominance of the market for electric cars is slipping. And in the United States, sales of electric cars are not growing as fast as they were a year ago.

Persons: Tesla, Elon Musk Organizations: Elon, Wall Street, Volkswagen, BMW Locations: China, Europe, United States

☆ Tesla sales plunge far more than expected
▼ + stars: | 2024-04-02 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

Tesla has responded to increased competition by cutting prices. Although Tesla is more profitable than traditional automakers, the price cuts have been squeezing the profit margins that helped boost the stock. But the increased competition in the EV space is a big factor in the decline in demand. In the fourth quarter, Tesla lost the title of the world’s best-selling maker of EVs to Chinese automaker BYD. That has prompted some traditional automakers, such as General Motors and Ford, to pull back on their EV production plans.

Persons: New York CNN — Tesla, Elon, it’s, Tesla, Dan Ives, ” Ives, ” Organizations: New, New York CNN, Western, Tesla, Wedbush Securities, Motors, Ford Locations: New York, Fremont, China, Europe

☆ Electric vehicles are changing how America goes camping
▼ + stars: | 2024-03-31 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +8 min

While still a small minority, campers are more likely to own an electric vehicle than those who don’t go camping, according to a survey by Kampgrounds of America, the nation’s largest campground operator. Only about 1% of Americans currently have an electric vehicle, according to KOA, but about 4% of regular campers do. “We’ve had customers cross coasts, all the way up to Canada, all the way across Canada and back down, all with an electric vehicle,” said Bowlus CEO Geneva Long. Courtesy RivianThe physical layout of most EV chargers can be a challenge for campers. The vast majority of EV chargers are placed at the ends of parking spaces so vehicles have to either pull in, nosing the front bumper up to the charger, or reverse back in.

Persons: I’m, ”, Matt Linn, Linn, Mike Kowal, McKay Featherstone, They’ve, Bowlus, “ We’ve, Geneva, It’s, Toby O’Rourke, KOA, O’Rourke, it’s, Rivian, Sara Eslinger, ” Linn, Rivian’s Elsinger Organizations: CNN, Ford, Rockwood, Thor Industries, Designers, Airstream, KOA, don’t, EV Locations: America, Texas, Central Coast , California, Canada, Yosemite, Big Sur , California, who’s

☆ Detroit went all-in on big, expensive EVs nobody wants. Here's what the data shows they'd rather buy.
▼ + stars: | 2024-03-31 | by ( Nora Naughton | ) www.businessinsider.com time to read: +5 min

Read previewWhen the automotive industry started looking toward an electrified future, Detroit automakers decided to throw their hat in the ring with what they do best: Pickup trucks. Electric pickup truck pioneer Rivian has also warned of slowing growth, and Elon Musk's Tesla already appears to be offering some purchase incentives for the Cybertruck. Only four EVs sell in that range at the moment, according to Edmunds, and none of them are sold by Detroit automakers. On average, EVs sold for around $61,700 last year, $14,250 more expensive than the typical price paid for non-electric vehicles, Edmunds said. AdvertisementGM is taking another approach, pulling back on EV production as the company plans to bring more hybrids (a segment that has seen demand increase while EV demand wanes) to the North American market later this year.

Persons: —, Ford, Rivian, Elon Musk's Tesla, Edmunds, Jessica Caldwell, EVs, BCG, Jim Farley Organizations: Service, Detroit, Ford, Business, GMC, EV, Associated Press, Edmunds, Detroit automakers, Leaf, Fiat 500e, Hyundai Kona Electric, Boston Consulting Group, Bloomberg, North Locations: Detroit, Edmunds

☆ 8 things you need to know about EV startup founder William Li — known as China's version of Elon Musk
▼ + stars: | 2024-03-30 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +6 min

The Shanghai-based premium EV company was co-founded in 2014 by its CEO, William Li. William Li, also known as Bin Li, has been dubbed the "Elon Musk of China" for his push to develop self-driving EVs and his loyal fan base. He co-founded his first major company in his mid-twentiesBitauto, a car comparison website, was co-founded by Li in 2000. AdvertisementAnyone who purchases a Nio car can access "Nio Houses" equipped with meeting rooms, lounges, baristas, and supervised kids' play areas. To Li's dismay, Nio cars are not yet available for sale in the USLi has expressed dissatisfaction with the US tariffs on Chinese-made EVs.

Persons: William Li, Li, —, Bin Li, Elon, EVs, he's, Tesla, Zoey Zhang Li, Nio, Li livestreamed, HECTOR RETAMAL, ET7, ALY, Elon Musk Organizations: Service, REUTERS, Peking University, New York Stock Exchange, NYSE, CNBC, Reuters Locations: China, Shanghai, Anhui, Nio, Europe, Xiamen, Mexico

☆ Toyota could introduce electric, plug-in Tacoma and Tundra pickups
▼ + stars: | 2024-03-28 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Toyota has previously discussed a broad lineup of battery-electric vehicles , or BEVs, including a midsize pickup model like the segment-leading Tacoma. The latest conversations have introduced the potential for plug-in hybrid vehicles, or PHEVs. Whether it be Tundra, Tacoma or something else in addition to the lineup," Hollis told CNBC on Tuesday during the New York Auto Forum conference. NEW YORK — Toyota Motor is evaluating an expansion of its U.S. truck lineup that could include all-electric or plug-in hybrid electric versions of its Tacoma and Tundra pickups. There are not any plug-in hybrid electric pickups currently on sale in the U.S. Stellantis' Ram brand is expected to release an "extended-range" plug-in vehicle with an electric generator powering an engine later this year.

Persons: BEV, Hollis, Jack Hollis, Stellantis, Biden, Muñoz Organizations: Toyota, U.S, Reuters, CNBC, New York Auto Forum, Toyota Motor North, Tacoma, Hyundai, Wednesday Locations: Kentucky, Thailand, Tacoma, Toyota Motor North America, U.S, Georgia

☆ Xiaomi releases electric car $4K cheaper than Tesla's Model 3 as price wars heat up
▼ + stars: | 2024-03-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

BEIJING — Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla's Model 3, as price wars heat up in China's fiercely competitive electric car market. Xiaomi CEO Lei Jun said the standard version of the SU7 will sell for 215,900 yuan ($30,408) in the country — a price he acknowledged would mean the company was selling each car at a loss. He also said the SU7 had a minimum driving range of 700 kilometers (nearly 435 miles) versus the Model 3's 606 kilometers. Lei also claimed that Xiaomi's car factory, for which all "key" steps are fully automated, can produce an SU7 every 76 seconds. Earlier this week, the Xiaomi CEO said on social media the SU7 would be the best sedan "under 500,000 yuan" ($69,328).

Persons: Xiaomi, Lei Jun, Lei, Tesla Organizations: Tesla's, Tesla, Huawei Locations: BEIJING, China, Beijing

BEIJING (AP) — Xiaomi, a well-known maker of smart consumer electronics in China, is joining the country's booming but crowded market for electric cars. The tech company will start taking orders for the SU7, a sporty four-door sedan, following a launch event with founder Lei Jun in Beijing on Thursday evening. Government subsides have helped make China the world's largest market for electric vehicles, and a bevy of new makers are locked in fierce competition. "I believe that one day, Xiaomi EVs will be a familiar sight on roads around the world,” he was quoted as saying in a company news release. “China is determined to dominate the future of the auto market, including by using unfair practices,” President Joe Biden said when the U.S. investigation was announced.

Persons: —, Lei Jun, Lei, Xiaomi, Le, ”, automaking, “, ” Le, Joe Biden, I’m Organizations: BEIJING, Analysts, Fitch, Sino, Insights, EU, U.S, Trade Organization, U.S . Defense Department, U.S . Locations: China, Beijing, American, U.S

☆ What the Baltimore bridge collapse means for the US economy
▼ + stars: | 2024-03-27 | by ( George Glover | Pete Syme | ) www.businessinsider.com time to read: +5 min

Read previewThe collapse of the Francis Scott Key Bridge on Tuesday is a reminder that the economy remains vulnerable to sudden supply-chain shocks, experts say. Here's how the catastrophe could affect the economy, trade, and the city of Baltimore. "This event will have greater economic implications for the Baltimore economy than nationally," Oxford Economics' chief US economist Ryan Sweet said on Tuesday in a research note. The container ship Dali collided with a key bridge in Baltimore on Tuesday. The port of Baltimore is the busiest for "roll-on/roll-off" cargo, which includes cars, light trucks, and agricultural and construction equipment.

Persons: —, Francis Scott Key, Dali, Ryan Sweet, Michael A, McCoy, Sweet, Michael Tamvakis, Tamvakis, Ioannis Moutzouris, Moutzouris Organizations: Service, Business, Maersk, Oxford Economics, Washington Post, Getty, JPMorgan, International Monetary Fund, City , University, London's Bayes Business, Maxar, University of London Locations: Baltimore, Norfolk, New York, New Jersey, Suez

☆ You can buy this electric luxury SUV for $25,000 right now. But there might be a catch
▼ + stars: | 2024-03-27 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —For sale: A brand new luxury electric SUV for the holy-grail price of $25,000. The California-based electric SUV company Fisker faces a real possibility of bankruptcy, and its stock is hovering just over 2 cents a share, far below its 2021 peak of $28.50. Prices for Fisker’s Ocean SUV have been cut by as much 39%. His video was titled, “This is the Worst Car I’ve Ever Reviewed.”“Do not buy this version of the Fisker Ocean,” reads the video’s description. Fisker has said that problems with early versions of the vehicles’ software caused some of the negative responses.

Persons: hasn’t, Marques Brownlee, ”, Fisker, Henrik Fisker Organizations: CNN, American YouTube, Consumer, Magna Steyr, Magna Locations: California, American, Danish, United States, Europe, Austria

☆ Who can fix Boeing? Here are some potential CEO candidates
▼ + stars: | 2024-03-27 | by ( Chris Isidore | ) edition.cnn.com time to read: +12 min

New York CNN —Since its founding by William Boeing more than a century ago, the Boeing Company has had 12 CEOs. What Boeing wants in its new CEOWhen picking a new CEO, the company likely has two pools of choices. Or it can once again pick a leader like outgoing CEO Calhoun, who has a financial background and an undergraduate degree in accounting. Spirit was the only one to comment, but it did not address the possibility of Shanahan becoming Boeing CEO. Culp has an undergraduate degree in economics and an MBA from Harvard, a business background more than an engineering background.

Persons: William Boeing, Dave Calhoun, Calhoun, “, ”, Sir Tim Clark, ” Calhoun, “ It’s, Richard Aboulafia, Pat Shanahan Pat Shanahan, Donald Trump, Shanahan, “ Mr, Joe Buccino, Larry Culp Larry Culp, Jack Welch, Culp, Aboulafia, Kathy Warden Kathy Warden, Northrop Grumman, Northrop, Warden, ” Aboulafia, Mary Barra, Greg Smith Greg Smith, Smith, Alan Mulally Aboulafia, Alan Mulally, Ford, Mulally, It’s, Ron Epstein, ’, Stephanie Pope, Brian West, Pope, West, Elizabeth Lund Organizations: New, New York CNN, Boeing Company, Boeing, Alaska Airlines, Emirates Airlines, CNBC, US Department of Defense, CNN, General Electric, GE Aerospace, GE, Danaher Corp, Harvard, Northrop, General Motors, Barra, American Airlines, Ford, Detroit, GM, DaimlerChrysler, Chrysler, of America, Airplanes, GE Aviation, Services, Boeing Commercial Airplanes Locations: New York, American, Calhoun

The EV maker got a price target cut from Citi, citing concern round the company's upcoming delivery numbers. Jonas has an overweight rating and $320 price target on shares, which suggests more than 85% upside potential for the shares. — Hakyung Kim 5:31 a.m.: Citi cuts Tesla price target Citi thinks there's not much upside potential for Tesla ahead of the release of its Q1 production and delivery numbers. As a result, the firm lowered its price target on shares to $196 from $224. He did, however, raise his price target to $62 from $56, with the new forecast calling for 9% upside.

Persons: Tesla, Wells Fargo, Morgan Stanley Morgan Stanley's Adam Jonas, Jonas, — Hakyung Kim, there's, Itay Michaeli, Michaeli, Hakyung Kim, David Konrad, Konrad, Fred Imbert Organizations: CNBC, Citi, KBW, EV Locations: Nevada, U.S, Tuesday's, Wells Fargo Wells Fargo, 1H25

☆ Industries from cars to coal to ice cream could be impacted by Baltimore bridge collapse
▼ + stars: | 2024-03-27 | by ( Kelsey Vlamis | Dominick Reuter | ) www.businessinsider.com time to read: +6 min

The Francis Scott Key Bridge collapse has blocked shipments in and out of the Port of Baltimore. The port is a key shipping point for cars, construction and farm equipment, and coal. The Port of Baltimore is the top US port for roll-on/roll-off cargo, like cars and construction machinery. halbergman/Getty ImagesCoal, gypsum, and sugarIn 2022, coal was among the top export commodities by weight moved through the Port of Baltimore. A research briefing from Oxford Economics said the bridge collapse will likely have a greater impact on the local Baltimore economy than on a national level.

Persons: Francis Scott Key, —, Dali, Daraius Irani, Anirban Basu, Ford, Basu, Domino, Sugar, Irani Organizations: Service, Industry, Regional Economic Studies, Towson University, Sage Policy, General Motors, Caterpillar, Port, Baltimore Refinery, Oxford Economics Locations: Port of Baltimore, Port, Baltimore, Patapsco, India, West Virginia

☆ What's driving the post-strike rally for the big three U.S. automakers?
▼ + stars: | 2024-03-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat's driving the post-strike rally for the big three U.S. automakers? Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Brian Sullivan, “ Organizations: U.S, CNBC

☆ Hyundai’s Genesis reveals all-electric SUV concept, the Neolun
▼ + stars: | 2024-03-26 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

NEW YORK – Hyundai's Genesis is previewing the future of the growingly prominent luxury brand with a new large all-electric concept vehicle called the Neolun. The full-size SUV features a sleek exterior design illuminated by long horizontal headlights and taillights reminiscent of the brand's current EVs, though more modern. The SUV features a large central screen with physical buttons below it and a control panel and knob to the right of the driver. "The Neolun Concept is a concept model that showcases the future vision of Genesis, as well as the overall direction in which the brand is headed in terms of product, design and technological advancement," Genesis said in an emailed statement. Automakers routinely use concept vehicles to gauge customer interest or show the future direction of a vehicle or brand.

Persons: Genesis

☆ Automakers Are Rerouting Car Shipments Away From Baltimore
▼ + stars: | 2024-03-26 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: +1 min

Several large automakers said on Tuesday that they were working to reroute shipments of cars because of the collapse of the Francis Scott Key Bridge in Baltimore. The Port of Baltimore plays an important role in the shipment of vehicles and handled more than 750,000 cars and trucks in 2023, according to the Maryland Port Administration. Pete Buttigieg, the U.S. transportation secretary, said that the rerouting would affect the national supply chain. “It will not be quick, and it will not be inexpensive.”Among the automakers that use the port are General Motors, Ford Motor, Stellantis, Volkswagen, Mercedes-Benz and BMW. Some automakers said they were planning to divert imports and exports of vehicles to other East Coast ports while they assessed how the collapse would affect their logistics.

Persons: Francis Scott Key, Wes Moore, Pete Buttigieg Organizations: Maryland Port Administration, Gov, General Motors, Ford Motor, Volkswagen, Mercedes, Benz, BMW Locations: Baltimore, The Port, United States, Maryland, U.S, East Coast

☆ General Motors CFO Paul Jacobson on EV production, sales outlook and China competition
▼ + stars: | 2024-03-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGeneral Motors CFO Paul Jacobson on EV production, sales outlook and China competitionCNBC’s Phil LeBeau and General Motors CFO Paul Jacobson join 'Squawk Box' to discuss the company's EV production, rising incentives, EV sales outlook, competition from Chinese automakers, and more.

Persons: Paul Jacobson, Phil LeBeau Organizations: General, General Motors Locations: China

☆ How BYD grew from battery maker to electric vehicle juggernaut, overtaking Tesla
▼ + stars: | 2024-03-26 | by ( Andrew Evers | ) www.cnbc.com time to read: +2 min

In the U.S., Tesla may be at the forefront of the electric vehicle revolution, but abroad, the carmaker has some serious competition. In the fourth quarter of 2023, BYD dethroned Tesla as the world's top EV maker, selling more battery-powered vehicles than its U.S. rival. "BYD has grown into this powerhouse in the new energy vehicle industry," CNBC's Beijing correspondent Evelyn Cheng said. By 2003, the company had pivoted to autos and has since become the top car brand in China, as well as a major producer of EV batteries. Watch the video to learn how BYD grew from battery maker to EV giant and what's next for the company.

Persons: Tesla, Warren, BYD, Evelyn Cheng, they're, Wang Chuanfu, Sam Abuelsamid, Michael Dunne, Dunne, They're Organizations: EV, Guidehouse, CNBC, U.S Locations: U.S, China, Beijing, Munich, United States, Europe, Hungary, Mexico

BANGKOK (AP) — Vietnamese automaker VinFast announced Tuesday that it plans to sell its electric vehicles in Thailand and said it had tied up with auto dealers to open showrooms in the country. VinFast, which only began exporting its EVs last year, faces stiff competition in Thailand from Chinese automakers like BYD. The Thai EV market is small but growing fast, buoyed by incentives and subsidies from the government. VinFast hopes to start selling both its electric scooters and electric SUVs in the country in the next two months, Vu Dang Yen Hang, chief executive officer of VinFast Thailand, told The Associated Press. But the EV market remains small, accounting for only 0.5% of EV sales worldwide in 2022.

Persons: VinFast, Tesla, Vu Dang, Hang, Pham Nhat Vuong, EVs, Vuong Organizations: Thai EV, Associated Press, Research, EV, Green SM, Nasdaq, General Motors Corp, Ford Motor Co, AP Locations: BANGKOK, Thailand, Bangkok, Thai, EVs, Southeast Asia, Vietnam, Indonesia, Ukraine, United States, North Carolina, India, Laos, U.S

☆ CNBC Daily Open: No 'cracks' in U.S. strong jobs growth
▼ + stars: | 2024-03-25 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The blue-chip Dow slipped 0.77%, but gained just under 2% for its best week since December, nearing the 40,000 level. Overall, total deal value in the region plunged last year to its lowest since 2014 amid a fundraising slowdown. "We really believe in style diversification and feel that remaining diversified with value and growth stocks remains prudent," Benson said.

Persons: Dow, Joe Biden, Biden, Aaron Benson, Baird, Benson Organizations: CNBC, Nasdaq, Bain & Company, Biden, Saturday Locations: U.S, Japan, Asia Pacific, China

☆ CNBC Daily Open: U.S. labor market is in 'good shape'
▼ + stars: | 2024-03-25 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Asia stocks mixedAsia markets were mixed Monday with a slew of inflation data from the region due for release this week. Wall Street ended Friday on a mixed note ahead of a shortened four-day trading week due to the Good Friday holiday. "We really believe in style diversification and feel that remaining diversified with value and growth stocks remains prudent," Benson said.

Persons: Seng, Dow, Kristalina Georgieva, Aaron Benson, Baird, Benson Organizations: CNBC, CSI, Nikkei, Nasdaq, IMF, China, International Monetary Fund, Intel, AMD, Financial Times Locations: Asia, China, Beijing

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