Consumer IPOs from Snap to Uber have been disappointing and serve as a reminder that private investors are making all the money.Technologyread more
The company's comments Friday come after the White House said U.S.Trade Representative Robert Lighthizer will "address the threatened impairment" of national security from...Autosread more
China's currency has been an important barometer for progress in U.S.-Chinese trade talks, and right now it's signaling things aren't going well.Market Insiderread more
Apple CEO Tim Cook was the commencement speaker at Tulane University Saturday. In his speech, the tech executive focused on the importance of addressing climate change and...Power Playersread more
Amazon's large and flashy investments stand out from those of its tech peers over the past year.Technologyread more
Some analysts see streaming services like Netflix becoming hindered by one of the things that made them so popular in the first place — binge watching.Entertainmentread more
There is a shortfall of cybersecurity workers that could reach as high as 3.5 million unfilled roles by 2021. A start-up called Synack provides crowdsourced security, and...CNBC Disruptor 50read more
Yardeni Research's Edward Yardeni recommends investing in U.S. companies with exposure to China.Trading Nationread more
CNBC and SurveyMonkey's latest small business optimism index echoes that sentiment, finding 52 percent of small businesses say it's harder to find workers today than it was a...US Economyread more
CNBC combed through Wall Street research over the last week to see which stocks analysts say have the best risk-reward.Marketsread more
Western Union is not panicking, but the delivery of money around the world is being upended, says CEO of upstart TransferWise. It broke into the $689 billion remittances...CNBC Disruptor 50read more
Carlos Ghosn, the chairman and chief executive of one of the world's largest automotive groups, told CNBC he doesn't expect the U.S. market to grow over the next few years.
When asked whether the U.S. car market can still grow, Ghosn – a mogul of the auto industry - was unsure. "I'm not planning on that …. For the next six years we're seeing a stable U.S. market (but) we don't see growth in the U.S.," he told "CNBC Conversation".
"Canada, U.S. and Mexico will continue to evolve around what it is today but we're not seeing strong growth coming from this part. Most of the growth will come from China which in 2017 is going to be the case."
Ghosn is best-known for radically overhauling two struggling companies; Renault in France and Nissan in Japan, propelling him to the ranks of one of the most effective executives in business history. The alliance between the two companies saw cost-savings soar and led to innovations such as the world's best-selling all-electric vehicle, the Nissan Leaf. Ghosn stepped down as CEO of Nissan Motors earlier this year but he still remains the chairman and CEO of the Renault-Nissan alliance, which includes Renault, Nissan, Mitsubishi Motors and AVTOVAZ.
Mitsubishi was snapped up in 2016 following a fuel-cheating scandal, and its revenues, combined with those of Renault and Nissan, have catapulted the alliance's unit sales. Recently in Paris, Ghosn set-out Alliance 2022, a six-year strategic blueprint in which he's targeting even more sales (with a target of 14 million cars by 2022, up from 10 million in 2016), 12 new zero emission vehicles and 40 new models with autonomous features, culminating in a fully driverless car.
The alliance's biggest market is currently Europe followed by the United States, but there are fears for both. Nissan has a sizable manufacturing base in the U.K. and so far the company has committed to stay, despite Brexit. Meanwhile in North America, the North American Free Trade Agreement (NAFTA) is being renegotiated and there are concerns that trade costs could increase – a potential problem for Nissan which has a big production plant in Mexico. Ghosn wasn't overly concerned, however.
"NAFTA is a 20 years old agreement which needs to be adapted to reality today which is very different from what it was 20 years ago. But I think everybody has an interest in NAFTA , this is a something which has been done in function, in the interests of the United States, of Mexico and Canada. So I'm very personally confident that even if there are some changes on NAFTA, NAFTA will stay because it's in the best interest of the three countries."