The sign of a Shell petrol station is seen in front of a burning pilot flame atop a flare stack at the refinery of the Shell Energy and Chemicals Park Rheinland in Godorf near Cologne, Germany, August...
Tag: business news
Rivian 2022 EV production targets will mean a sharp ramp-up
A Rivian R1T truck body lowered onto a chassis in the assembly line at the Rivian electric vehicle plant in Normal, Illinois. Georgia is giving the company $1.5 billion in subsidies to bring a new $5 ...
Peloton, Shell, Compass and more
Check out the companies making headlines before the bell: Conagra (CAG) – The food producer’s stock added 2% in the premarket after it reported better-than-expected quarterly profit and sales. C...
Britain’s shadow banking system is raising serious concerns after bond market storm
Analysts are concerned about a knock-on effect to the U.K.’s shadow banking sector in the event of a sudden rise in interest rates. Photo by Richard Baker | In Pictures | Getty Images LONDON — A...
Ford ups starting price of electric F-150 Lightning to $51,974
Ford F-150 Lightning pickup trucks are shown at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images DETROIT – Ford Motor is increasing the sta...
Ukraine joins Spain and Portugal’s joint bid to host 2030 World Cup
Soccer Football – Carabao Cup Final – Chelsea v Liverpool – Wembley Stadium, London, Britain – February 27, 2022 Liverpool fan with the big screen in the background in support ...
Marvel, DC fans flock to Javits Center
Cosplayers dressed in Mandalorian armor and Black Widow pose for a photo during Day 4 of New York Comic Con 2021 at Jacob Javits Center on October 10, 2021 in New York City. ( Bryan Bedder | Getty Ima...
Mortgage applications fall 14% as higher rates, Hurricane Ian crush demand
A sign points toward an Open House in Alhambra, California on May 4, 2022. Frederic J. Brown | AFP | Getty Images The highest mortgage rates in more than 20 years coincided with one of the deadliest h...
UK’s Liz Truss pledges tax-cutting future in speech plagued by protest
Prime Minister Liz Truss is seeking to rally MPs around her her tax-cutting policies following political infighting and market turmoil. Jacob King | Pa Images | Getty Images LONDON — British Prime Min...
Ford to end production of $500,000 GT supercar with special edition
2022 Ford GT LM Edition Ford DETROIT — Ford Motor will end production of its $500,000 GT supercar later this year with a special edition model paying tribute to the vehicle’s racing heritage. Th...
Tesla, Enphase Energy, Exxon Mobil and more
A Tesla service and sales center is shown in Vista, California, June 3, 2022. Mike Blake | Reuters Check out the companies making headlines in midday trading Wednesday. Tesla, Twitter — Shares of Tesl...
Climate reparations ethical but not best fix: Climatologist
Displaced people in floodwater after heavy monsoon rain at Usta Mohammad city, in the Jaffarabad district of Balochistan province, on Sept. 18, 2022. Thirty-three million people have been affected by ...
Charts suggest the market will bottom in the coming weeks
CNBC’s Jim Cramer said on Tuesday that stocks could bottom later this month and present investors with an opportunity to add to their portfolios. “The charts, as interpreted by Larry Willi...
High inflation has many Americans tweaking their holiday travel plans
D3sign | Moment | Getty Images Travelers are shifting their holiday getaway plans to avoid busting their budgets amid high inflation, according to a new Bankrate survey. Forty-three percent of U.S. ad...
York Space hits $1 billion valuation after AEI investment deal
One of the company’s spacecraft in orbit. York Space Spacecraft manufacturer York Space Systems is selling a majority stake in the company to private equity firm AE Industrial Partners at an ent...
Tesla, Ford Motor, Goldman Sachs and more
Tesla CEO Elon Musk speaks during the official opening of the new Tesla electric car manufacturing plant on March 22, 2022 near Gruenheide, Germany. Christian Marquardt | Getty Images Check out the co...
$100 million NJ deli defendant hires lawyer who repped Martin Shkreli
Hometown Deli, Paulsboro, N.J. Mike Calia | CNBC Peter Coker Sr., one of the defendants in the case of the so-called $100 million New Jersey deli, hired a lawyer who represented “pharma bro̶...
ADP jobs report September 2022:
The U.S. labor market showed strength in September, with private companies adding more jobs than expected, payroll services firm ADP reported Wednesday. Businesses added 208,000 for the month, better ...
Twitter, Poshmark, Rivian and more
Poshmark Inc. signage outside the Nasdaq MarketSite during the company’s initial public offering (IPO) in New York, U.S., on Thursday, Jan. 14, 2021. Michael Nagle | Bloomberg | Getty Images Che...
It may be time for the Fed to dial back its inflation battle
CNBC’s Jim Cramer on Tuesday said that recent economic data shows the Federal Reserve could start taking a softer approach to inflation. “This rampant inflation may not be as malignant as ...
Why the Federal Reserve won’t be so quick to ease up on its fight against inflation
Jerome Powell, chairman of the US Federal Reserve, speaks during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022. Federal Reserve officials this week gave their clearest signal ...
The job market is cooling but workers still have power, say economists
Hinterhaus Productions | Getty Images There are signs the hot job market is cooling — but workers still have bargaining power for now, according to labor economists. Job openings, a barometer of emplo...
As demand soars for Series I bonds, TreasuryDirect gets a makeover
Zoom In IconArrows pointing outwards With record demand for Series I bonds, an inflation-protected and nearly risk-free asset, the U.S. Department of the Treasury has unveiled a front-end makeover for...
Don’t expect cable TV-like package for streaming services any time soon
The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images A contradiction is developing in the world of streami...
What’s happening with home prices? Mortgage rates, tight supply are factors
Daniel Acker | Bloomberg | Getty Images Home prices are softening in most markets across the nation. Yet home prices are still higher compared with a year ago, and it’s unlikely they will fall t...
Wendy’s drive-thru lanes struggle, while Chick-fil-A has fastest service, report says
A worker hands a customer their order in the drive-through of a Wendy’s fast food restaurant in Pinole, California, on Wednesday, May 25, 2022. David Paul Morris | Bloomberg | Getty Images Wendy...
Rally, selling shares, Club stocks
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 Tuesday’s key moments. Rallying stocks Trimming o...
Movie side benefiting from new release model
CEO of NBC Jeff Shell arrives for the Allen & Company Sun Valley Conference on July 06, 2021 in Sun Valley, Idaho. After a year hiatus due to the COVID-19 pandemic the world’s most wealthy a...
Ford’s sales up 16% in third quarter, despite September decline
Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC DETROIT – Ford Motor on Tuesday said its sales in the third quarter increased about 16% compared with a year earlier, despite a l...
Europe made a mistake with Russian energy, now it needs to spend big
U.S. Senator Chris Murphy on Tuesday criticized Europe’s overreliance on Russian energy, saying it had come at a heavy cost and called on the region to start investing heavily in alternative sup...