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The U.S. is the top country for millionaires and billionaires

A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The U.S. has rapidly overwhelmed China as the world's top spot for millionaires and billionaires, according a new report.  There are now more than 5.5 million Americans with liquid investible assets of more than $1 million, up 62% over the past decade and well above the global growth rate of 38%, according to…

Tesla trims output of cars in China amid slower EV sales growth

Tesla has reduced its car production at its plant in China, Bloomberg News reported on Friday, as the U.S. electric vehicle-maker grapples with slow demand and strong competition in the market.The company earlier in March told employees at its Shanghai factory to lower output of both the Model Y sport utility vehicle and Model 3 sedan - the two types it makes in China - by working five days a week instead of the usual 6-1/2 days, the report said, citing people familiar with the matter.Elevate Your Tech Prowess with…

BYD Seagull EV puts global auto execs, politicians on edge

A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai)Vcg | Visual China Group | Getty ImagesLIVONIA, Mich. – A small electric vehicle is having a big impact on the global automotive industry.It's not the EV itself that's making waves but its price — and its potential to disrupt domestic auto industries around the world.The China-built BYD Seagull, a small all-electric hatchback, starts at just 69,800…

OnePlus Ace 3V with Snapdragon 7+ Gen 3, 1.5K AMOLED display, 5,500mAh battery launched in China: price, specifications

OnePlus Ace 3V price in China, availability details OnePlus Ace 3V comes in three variants starting with 12GB RAM and 256GB storage priced at CNY 1,999 (Rs 23,400 approx). OnePlus Ace 3V with 12GB+512GB variant costs CNY 2,299 (Rs 26,900 approx).The top-end model comes with 16GB RAM and 512GB storage, and this one’s priced at CNY 2,599 (Rs 30,400 approx).  The smartphone is currently available to order and will go on sale in China from March 25th onwards. There’s no global launch date announced yet.OnePlus Ace 3V comes in…

OnePlus Buds V launch in China, could be rebranded as Nord Buds internationally

The OnePlus Ace 3V was just unveiled in China and rumors have been pouring in recently about how it will be launched internationally as the OnePlus Nord 4. OnePlus also announced the Buds V alongside the Ace 3V, and these true wireless earbuds are thus quite likely to be rebranded for international markets as Nord Buds... something later this year, while possibly arriving at the same time as the Nord 4. That's all our speculation, by the way, so don't take it as gospel. But given all of the history and context…

Roundtables – How China Got Ahead on EVs

How China Got Ahead on EVs Speakers: Zeyi Yang, China reporter, Amanda Silverman, Features & investigations editor, and Abby Ivory-Ganja, Sr engagement editor In the race to produce and sell more electric vehicles, China has emerged as the unexpected winner. If you visit Shanghai or Shenzhen today, it feels like half of the cars running on the streets are electric. The burgeoning domestic demand also transformed Chinese auto companies into aggressive challengers in the global auto market. What did China’s government…

Xiaomi Civi 4 Pro with Snapdragon 8s Gen 3 SoC, 1.5K AMOLED display, 67W charging launched in China: price, specifications

Xiaomi Civi 4 Pro price in ChinaXiaomi Civi 4 Pro has been launched in China with a starting price of CNY 2,999 (Rs 35,100 approx) for the base model with 12GB RAM and 256GB storage.It comes in two more variants of 12GB/512GB and 16GB/512GB priced at CNY 3,299 (Rs 38,600 approx) and CNY 3,599 (Rs 42,100 approx), respectively. Xiaomi Civi 4 Pro comes in four colour options: Spring Wild Green, Soft Mist Pink, Breeze Blue, and Starry Black.Xiaomi has also launched a limited edition with Kona leather and mirror glass finish…

House Passes Privacy Bill Banning Data Brokers From Selling Your Info to Russia and China

The U.S. House passed a bill that would ban third-party data brokers from selling the user data of Americans to geopolitical adversaries like China and Russia. And while it still needs to pass the Senate to become law, it’s a step in the right direction as recent headlines mostly focus on a potential ban on TikTok in the U.S.Mourning the Loss of Addison Rae’s Debut Album | The Meme MachineThe Protecting Americans’ Data from Foreign Adversaries Act, H.R. 7520, passed unanimously on Wednesday, 414-0, and would ban data…

Realme 12X with MediaTek Dimensity 6100+, 5000mAh battery launched in China: price, specifications

Realme 12X price, availabilityRealme 12X is priced at RMB 1399 (Rs 16,300 approx) for the 12GB + 256GB variant and RMB 1599 (Rs 18,700 approx) for the 12GB + 512GB model. The handset comes in Blue Bird and Black Jade colours. The handset will be on sale in China from April 1st, 2024. No details about the India launch are shared at the moment. Realme 12X specificationsRealme 12X sports a 6.67-inch FHD+ display with a 120Hz refresh rate, flat edges and a centre-positioned punch-hole cutout for the selfie snapper. The…

China is building a railgun that can hurl crewed spacecraft into orbit

Rockets being passé, China is working on using an electromagnetic railgun to launch crewed spacecraft the size of a Boeing 737, weighing 50 tonnes, into orbit. This remarkably ambitious project is even more ambitious than it seems at first glance.Call it a railgun, a catapult, or a mass driver, the idea of replacing rockets with an electromagnetic accelerator is a very attractive option. Instead of lifting off on chemical rockets that have to carry fuel and fuel to lift the fuel and fuel to lift the fuel and the…