Analyst Frank Lee raised his target price on the stock to $780 from $600.
Drone attacks reported near Moscow; Russia warns F-16 jet donations will escalate war
Russian authorities reported attacks by two drones in the Moscow region, which they said were intercepted by air defense forces.
Bank of America says this Chinese EV stock can rally nearly 50% thanks to a partnership with Volkswagen
Bank of America highlight a deal with German auto maker Volkswagen in an XPeng stock upgrade on Monday.
Europe’s Stripe rival Adyen saw $20 billion wiped off its value in a single day. Here’s what’s going on
Adyen said that many of its North American customers are cutting back on costs to weather economic pressures, like rising interest rates and higher inflation.
Major shipping routes are struggling with water shortages. El Niño could make it worse
An increasing incidence of climate-driven extreme weather events is taking its toll on the world’s major shipping routes.
Chinese EV maker Xpeng expects cost cuts, Volkswagen deal to narrow losses
Xpeng is attempting to revive its business this year, after its share price sank by more than 80% in 2022
Malaysia PM vows to recover Goldman Sachs 1MDB settlement, warns of possible lawsuits
Goldman Sachs bankers were accused of helping a Malaysian financier plunder billions of dollars from the 1Malaysia Development Berhad sovereign wealth fund.
Chinese property developer Country Garden to be removed from Hang Seng Index on Sept. 4
This is the latest blow to China’s embattled property sector, following news of property developer Evergrande filing for bankruptcy protection in the U.S.
China’s financial regulators urge support for resolving local debt risks
China’s financial regulators called for coordinating support to resolve local debt risks, and adjusting policy for real estate loans.
Malaysia is not discounting the possibility of lawsuits against Goldman Sachs, says Anwar Ibrahim
Anwar Ibrahim, Malaysia’s prime minister, tells CNBC’s Martin Soong as part of The CNBC Conversation, that his country will have to reopen negotiations with Goldman Sachs on the 1MDB money laundering scandal. He said he’s “not discounting the possibility of proceeding again [with] the issue [of] lawsuits.”
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