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VinFast is set to break ground on its delayed U.S. factory on Friday.Steve Russell | Toronto Star | Getty ImagesLe acknowledged that there's increasing competition in the U.S. market."We think that there's still a lot of room for new players. I think the U.S. consumers are open to new players, as long as we have good quality products," said Le.VinFast entering the U.S. EV market means it will have to go up against Tesla and BYD, as well as traditional automakers increasingly focusing on hybrids and EVs.But crucially, the…

(L)A SpaceX Falcon Heavy rocket stands at pad 39A at the Kennedy Space Center several hours before a scheduled launch in Cape Canaveral, Florida, and (R) A Falcon 9 rocket stands at Cape Canaveral's SLC-40 pad ahead of launching the Starlink 6-7 mission in July 2023.Getty (L) | SpaceX (R)SpaceX on Thursday night came close to breaking a record that's stood for over half a century, with back-to-back launches that had been set to fly from Florida's Space Coast.The company is targeting 10:20 p.m. ET for the launch of its…

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments. Stocks rise on growth Stick with Meta Watch Ford earnings 1. Stocks rise on economic growth U.S. stocks climbed higher Thursday on the back of solid economic data and upbeat second-quarter earnings, shrugging off the Federal Reserve's widely-anticipated move Wednesday to raise interest rates by an additional 25 basis points. The U.S. economy grew by 2.4% in the the second…

The California attorney general's office is investigating Tesla, seeking information from customers and former employees about Autopilot safety issues and false advertising complaints, CNBC has learned.Greg Wester, the owner of a 2018 Tesla Model 3, filed a complaint with the Federal Trade Commission in August 2022, regarding "phantom braking" — sudden, automatic braking by a car for no apparent reason — that he would experience when using the company's driver assistance systems, or Autopilot, on the highway.related…

Boeing's Starliner spacecraft is seen before docking with the International Space Station on May 20, 2022 during the uncrewed OFT-2 mission.NASABoeing on Wednesday reported a $257 million charge in the second quarter for its Starliner astronaut spacecraft program, bringing the program's to-date overrun costs to $1.5 billion as delays continue.The aerospace giant blamed the charge on its decision last month to indefinitely delay the first crewed Starliner launch. Starliner was scheduled to launch in late July and carry a…

GM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren, Michigan.Photo by Steve Fecht for General MotorsDETROIT — General Motors CEO Mary Barra on Tuesday blamed a supplier of automation equipment for the slow ramp-up of GM's new electric vehicles, after Wall Street criticized the rollout amid bold predictions the company would catch up to industry leader Tesla.Shares of GM were down roughly 4% in morning trading Tuesday despite quarterly results that topped year-ago performance.…

My top 10 things to watch Monday, July 24 1. Chevron (CVX) on Sunday announced excellent preliminary second-quarter results , while extending the contract of CEO Mike Wirth. The United States' second-largest oil firm in May announced an agreement to expand its shale operations by acquiring PDC Energy (PDCE) in a deal valued at $7.6 billion, including debt. Chevron is set to release its full second-quarter report on Friday. 2. Truist on Monday lowered its price target on Club oil name Pioneer Natural Resources (PXD) to…

A Falcon Heavy rocket launches the USSF-67 mission on January 15, 2023 from NASA's Kennedy Space Center in Florida.SpaceXThe U.S. military is raising the stakes — and widening the field — on a high-profile competition for Space Force mission contracts.The Space Force plans to buy even more rocket launches from companies in the coming years than previously expected, granting more companies a chance at securing billions in potential contracts."This is a huge deal," Col. Doug Pentecost, the deputy program executive officer…

Chevrolet Bolt at EPA's National Fuel and Emissions LabHow far an electric vehicle can drive on a single charge is one of the most closely watched numbers in the automotive world.The official government process used to test and certify those ranges has potential flaws.The U.S. Environmental Protection Agency has been testing vehicles since 1971, but only started testing EVs in 2012. EV technology is still quite new and is changing rapidly. EPA Engineers say these are exciting times, but it can also feel like the "wild…

Booking photos for Heather Morgan and Ilya Lichtenstein.Courtesy: Alexandria Adult Detention Center.The New York couple charged with trying to launder $4.5 billion in bitcoin stolen in a 2016 hack of Bitfinex appear set to plead guilty in the case.The couple, Ilya Lichtenstein and Heather Rhiannon Morgan, have been newly charged in the case with a document known as an information, according to a new Washington, D.C., federal court docket entry Friday.An information is a type of charging document that federal prosecutors…