Walmart to Purchase 4,500 Canoo Electric Delivery Vehicles to be Used for Last Mile Deliveries in Support of Its Growing eCommerce Business Courtesy: Canoo | Walmart Electric vehicle startup Canoo sai...
Tag: business news
PepsiCo (PEP) Q2 2022 earnings beat Wall Street estimates
A customer holds a can of Pepsi beverage at a shopping mall on March 9, 2022 in Shaoxing, Zhejiang Province of China. VCG | Getty Images PepsiCo on Tuesday raised its revenue outlook for the year, as ...
Norwegian oil giant Equinor to buy U.S.-based energy storage firm
Although it is involved in renewable energy projects, Equinor is a major producer of fossil fuels. The Norwegian state has a 67% holding in the company. Hakon Mosvold Larsen | Afp | Getty Images Norwa...
Electric vehicle startup Lordstown Motors names new CEO following Foxconn deal
Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio, on Saturday, May 15, 2021. Dustin Franz | Bloomberg | Getty Images Electric vehicle startup Lordstown Motors said Tuesday that i...
Peloton to outsource all manufacturing as part of its turnaround efforts
A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton said T...
Elon Musk says it’s time for Trump to ‘sail into the sunset’
Tesla and SpaceX CEO Elon Musk said Monday that he thinks former President Donald Trump should, “hang up his hat & sail into the sunset.” Writing on Twitter, where Musk has more than 1...
Jim Cramer says the market could see ‘pleasant surprises’ going forward
CNBC’s Jim Cramer on Monday said that most of the sellers have already left the market, which means that the turbulence in stocks could ease up. “To me, this mad scramble to get out ahead ...
Goldman Sachs hires Alphabet tech incubator CEO Jared Cohen for new innovation group
Jared Cohen Anjali Sundaram | CNBC Goldman Sachs CEO David Solomon has hired another senior executive from the technology sector. The investment bank is adding Alphabet‘s Jared Cohen, a protege ...
Charts suggest the market is poised for an August rebound
CNBC’s Jim Cramer on Monday said that the market could have a strong rally through late August, pointing to analysis from legendary market technician Larry Williams. “The last time we spok...
Here’s what that means for travelers
A customer reaches down to pick up a bottle of water from a street vendor in Paris on June 17, 2022. Stefano Rellandini | Afp | Getty Images The value of the euro relative to the U.S. dollar has sunk ...
Moviegoers are leaving their couches for theaters, bringing summer box office sales close to pre-pandemic levels
It’s becoming clearer that audiences are no longer satisfied just sitting on the couch to watch movies. Not only are they returning to movie theaters in droves, theater operators say they’...
PepsiCo, Gap, Peloton and others
Check out the companies making headlines before the bell: PepsiCo (PEP) – The beverage and snack giant reported an adjusted quarterly profit of $1.86 per share, 12 cents above estimates, and revenue t...
Singapore’s state investor Temasek releases annual report for 2022
A signage for Temasek Holdings is displayed during a news conference following the company’s annual review in Singapore on July 9, 2019. Bryan van der Beek | Bloomberg | Getty Images SINGAPORE —...
Stock futures decline as investors gird for start of 2Q earnings
Traders on the floor of the NYSE, June 27, 2022. Source: NYSE U.S. stock futures fell early on Tuesday as Wall Street looks ahead to what many expect will be the start of a volatile second quarter ear...
HHS says physicians must provide abortions in medical emergencies, regardless of state law
Secretary of Health and Human Services Xavier Becerra testifies before the Senate Health, Education, Labor, and Pensions Committee hearing to discuss reopening schools during the coronavirus disease (...
Gap CEO Sonia Syngal is stepping down, effective immediately
Sonia Syngal, president and chief executive officer of Old Navy Inc., speaks during the Fortune’s Most Powerful Women Summit in Washington, D.C., on Tuesday, Oct. 22, 2019. Sarah Silbiger | Bloo...
GameStop launches NFT marketplace as it hunts for growth online
NurPhoto | NurPhoto | Getty Images GameStop on Monday announced the long-awaited debut of its online marketplace for nonfungible tokens, or NFTs, in a bid to reinvent its business and cash in on consu...
ERCOT tells Texans to curb power use as extreme heat strains the grid
A transmission tower is seen on July 11, 2022 in Houston, Texas. ERCOT (Electric Reliability Council of Texas) is urging Texans to voluntarily conserve power today, due to extreme heat potentially cau...
Rivian planning layoffs that could target about 5% of staff, report says
Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Electric vehicle startup Rivian Automo...
Justice Department investigating PGA Tour for possible antitrust violations tied to LIV Golf
PGA Tour logo during the third round of the Travelers Championship on June 24, 2017, at TPC River Highlands in Cromwell, Connecticut. Fred Kfoury | Icon Sportswire | Getty Images The Justice Departmen...
Costco hot dogs are safe from price hikes despite inflation, CEO says
Some good news for inflation-weary Americans: There will be no price hike on Costco‘s hot dogs. In an interview Monday on CNBC’s “Squawk on the Street,” CEO Craig Jelinek had a...
Spirit offer is ‘best and final,’ seeks further vote delay
A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indianapolis, Indiana, on Monday, Feb. 7, 2022. Luke Sharrett | Bloomberg | Getty Images Fro...
Homebuyers are canceling deals at highest rate since start of Covid
A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. According to the National Association of Realtors, sales of existing homes dropped 3.4% to a seasonally adjus...
Ex-F1 boss Bernie Ecclestone to be charged with fraud
Getty Images | Getty Images Sport | Getty Images Former Formula One boss Bernie Ecclestone will be charged with fraud by false representation over an alleged failure to declare £400m of overseas asset...
Novak Djokovic hopes for Covid rule change ahead of U.S. Open
Novak Djokovic of Serbia kisses the winners trophy after victory over Nick Kyrgios of Australia in their Men’s Singles Final match on day fourteen of The Championships Wimbledon 2022 in London. ...
Klarna valuation plunges 85% as ‘buy now, pay later’ hype fades
Currently, most buy now, pay later services don’t impact a person’s credit score. That’s now set to change in the U.K. Jakub Porzycki | NurPhoto | Getty Images Klarna saw its valuati...
Love and Thunder’ has $143 million domestic opening
Natalie Portman and Chris Hemsworth star in Marvel’s “Thor: Love and Thunder.” Disney With “Thor: Love and Thunder” zapping up an estimated $143 million during its domest...
Ford’s Mustang Mach-E electric crossover awards could help it take on Tesla
Ford’s first real attempt at an electric vehicle has been quite a hit with critics. The Mustang Mach-E replaced the Tesla Model 3 as Consumer Reports’ Top Pick in February 2022. It was nam...
Experts answer three tricky questions about Series I bonds
The demand for Series I bonds, an inflation-protected and nearly risk-free asset, has skyrocketed as investors seek refuge from soaring prices and stock market volatility. While annual inflation rose ...