Workers marry the body structure with the battery pack and the front and rear sub frames as they assemble electric vehicles at the Lucid Motors plant in Casa Grande, Arizona, September 28, 2021. Caitl...
Tag: Business
Biden’s EV tax credit rules deal ‘astronomical’ blow to business
DETROIT – The Biden administration’s elimination of tax credits for imported electric vehicles deals a massive blow to Hyundai Motor’s business, an executive for the automaker said Wednesd...
Biden awards $2.8 billion for electric vehicle battery manufacturing
U.S. President Joe Biden delivers remarks to highlight electric vehicle manufacturing in America, during a visit to the Detroit Auto Show, September 14, 2022. Kevin Lamarque | Reuters The Biden admini...
Netflix, Intuitive Surgical, Generac, Winnebago and more
The Netflix logo is seen on a TV remote controller, in this illustration taken January 20, 2022. Dado Ruvic | Reuters Check out the companies making headlines in midday trading. Generac — Shares were ...
SpaceX launches Starlink aviation product for satellite internet to private jets
One of the company’s flat aviation-specific Starlink antennas is seen on top of an aircraft. SpaceX SpaceX rolled out aviation-specific Starlink satellite internet service on Tuesday, with Elon ...
BMW to invest $1.7 billion in U.S. to produce electric vehicles
BMW Group plans to invest $1.7 billion in its U.S. operations to build electric vehicles and batteries, the company announced Wednesday. The investment will include $1 billion to prepare for productio...
Procter & Gamble (PG) Q1 2023 earnings
Containers of Tide detergent on grocery store shelves. Richard Levine | Corbis | Getty Images Procter & Gamble on Wednesday reported quarterly earnings and revenue that topped analysts’ esti...
IBM Reports Earnings Today. What to Expect.
IBM is set to provide investors with a fresh look at the state of enterprise technology spending when it reports third-quarter financial results late Wednesday. There is growing concern that tighter c...
Millions could lose health insurance when Covid emergency ends
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 (...
Why pickleball has NBA’s LeBron James and NFL’s Tom Brady investing
Pickleball is the fastest-growing sport in America, with over 4.8 million people playing the game. However, its rapid growth has caused some growing pains, stemming from competing professional leagues...
Procter & Gamble, Travelers, Nasdaq and more
Check out the companies making headlines before the bell: Procter & Gamble (PG) – The consumer products giant’s quarterly earnings of $1.57 per share beat estimates by 3 cents with revenue a...
U.S. to provide millions in funding for tidal, river current systems
While there is excitement about the potential of renewable technologies such as tidal power, there are challenges when it comes to scaling up. Laro Pilartes / 500Px | 500Px | Getty Images The U.S. Dep...
New project will test the viability of large-scale wave energy
This image shows waters off the coast of Orkney, an archipelago north of the Scottish mainland that’s home to the European Marine Energy Centre. Capchure | Moment | Getty Images A 19.6 million e...
Stay long on CF Industries
ON Semiconductor Corp: “Right now, I’ve got a pause on the semis. Why? Because we’ve got so many problems right now in China.” Dutch Bros Inc: “I want you to put half the...
Jim Cramer gives Johnson & Johnson his stamp of approval
CNBC’s Jim Cramer on Tuesday advised investors to pick up shares of Johnson & Johnson as a long-term play. “I like the way J&J’s been trading over the last couple months, and...
German crypto neobank Nuri shuts down business after failing to find buyer
Nuri, a German crypto neobank, is closing its doors as it was unable to find an acquirer after filing for insolvency in August, CEO Kristina Walcker-Mayer said in an Oct. 18 blog post. The CEO said th...
Don’t ‘rent’ stocks in this treacherous market, Jim Cramer warns
CNBC’s Jim Cramer on Tuesday warned investors to stay the course and weather the turbulent market. “You have to resist the urge to rent stocks because you’ll get evicted when they in...
United Airlines (UAL) earnings 3Q 22
United Airlines forecast another profit for the end of the year and said consumer appetite for travel is showing no signs of slowing down despite high airfares. Shares jumped more than 7% in after-hou...
Password sharing details, subscribers jump
Netflix shares skyrocketed more than 14% after the bell Tuesday as the company posted better-than-expected results on the top and bottom lines. The streamer also reported the addition of 2.41 million ...
PE Deals Misfire; Losses Pile As Tesla CEO Musk Takes Twitter Private| Investor’s Business Daily
Elon Musk’s $44 billion deal to buy Twitter (TWTR) will cause pain in an already crumbling private equity market. X Musk has sold $15.4 billion worth of Tesla (TSLA) shares to finance the Twitte...
Flooding in Nigeria kills more than 600 people, officials say
Flood water breaks a river bank and overflows into a settlement in Lokoja, Nigeria October 13, 2022. Afolabi Sotunde | Reuters More than 600 people have died and more than 1.3 million have been displ...
German Crypto Neobank Nuri to Sets Date to Close its Business
Nuri, a cryptocurrency-focused German Neobank has set December 18 as the date it will stop access to its platform and find ways to liquidate its assets. In an open letter to its workers, key stakehold...
Hasbro (HAS) reports Q3 earnings
A worker arranges boxes of Hasbro board games on a shelf at a Target Corp. location in Emeryville, California. David Paul Morris | Bloomberg | Getty Images Hasbro reported third-quarter earnings Tuesd...
Peloton Chief People Officer Shari Eaton leaving company
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‘...
Relativity Space expansion at NASA’s Stennis for rocket engine testing
A map of the company’s expansion plans at NASA’s Stennis space center in Mississippi. Relativity Space Relativity Space, which 3D-prints rockets, said Tuesday that it signed a deal to expa...
Apple Earnings Are Next Week. What to Watch.
When Apple reports financial results for its fiscal fourth quarter next Thursday, the most crucial question will be whether the company is seeing signs of strain from the softening consumer economy. P...