Day: June 12, 2022
Want EV exposure? One analyst says he’s giving Tesla a miss — and reveals his top pick instead
Tesla may be the first name that pops to mind when it comes to electric vehicles, but analyst Richard Windsor says there are much more effective ways to get exposure to the sector. Windsor says Tesla’s share price is set for further volatility ahead — and investors have no choice but to accept Musk as […]
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Stock futures fall after Wall Street’s worst week since January
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 3, 2022. Brendan McDermid | Reuters U.S. stock futures fell Sunday night as Wall Street tries to recover from one of its worst weeks of 2022. Futures tied to the Dow Jones Industrial Average dropped 115 points, or […]
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Cramer: 15 things I learned about the changing tech sector from my week in Silicon Valley
It’s been more than two years — going back to the start of the Covid pandemic — since I have been able to do a deep dive of Silicon Valley. But over the past week I was able to reconnect with many executives, CEOs, and market insiders in CNBC’s San Francisco bureau, and I was […]
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French projections: Macron’s centrists to keep a majority
French President Emmanuel Macron, candidate for his re-election in the 2022 French presidential election, arrives for a campaign rally in Figeac on the last day of campaigning, ahead of the second round of the presidential election, France, April 22, 2022. Benoit Tessier | Reuters French President Emmanuel Macron’s centrist alliance is expected to keep its […]
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Russia destroys bridge over Ukrainian river, cutting escape route
Servicemen of pro-Russian militia hoist flags of Russia and the separatist self-proclaimed Luhansk People’s Republic (LNR) outside the Oschad bank branch in Stanytsia Luhanska in the Luhansk region, Ukraine February 27, 2022. Alexander Ermochenko | Reuters Russian forces have blown up a bridge linking the embattled Ukrainian city of Sievierodonetsk to another city across the […]
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Jan. 6 Capitol riot committee members are tightlipped on what to expect in this week’s hearings
Members of the Committee attend the public hearing of the U.S. House Select Committee to Investigate the January 6 Attack on the United States Capitol, on Capitol Hill in Washington, U.S., June 9, 2022. Jonathan Ernst | Reuters Members of the House select committee investigating the Jan. 6 Capitol riot were tightlipped about what to expect […]
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‘Jurassic World: Dominion’ nabs $143.3 million in domestic opening, ‘Top Gun: Maverick’ adds $50 million
DeWanda Wise and Laura Dern star in Universal’s “Jurassic World: Dominion.” Universa “Jurassic World: Dominion” roared to the top of the domestic box office over the weekend, generating more than $143 million in ticket sales during its debut. Internationally, the film has secured around $245.8 million since opening earlier this month, bringing its global tally […]
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Ukraine’s teen drone hero is ‘happy that we destroyed someone’
Andriy Pokrasa, 15, lands his drone on his hand during an interview with The Associated Press in Kyiv, Ukraine, Saturday, June 11, 2022. Andriy is being hailed in Ukraine for stealthy aerial reconnaissance work he has done with his dad in the ongoing war with Russia. They used their drone to help the country’s military […]
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Walmart launched a lot of apparel and home brands. Now, that strategy will be put to the test
Scoop is one of Walmart’s exclusive fashion brands. It has also struck deals with national brands like BCBG Paris. Melissa Repko | CNBC SPRINGDALE, Arkansas — Dressed-up mannequins. Eye-catching displays of sleek furniture and colorful swimsuits. And store signs that promote exclusive brands and nationally recognized ones. Walmart’s redesigned SuperCenter, located just 16 miles from […]
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Ukraine says it still controls Sievierodonetsk plant sheltering hundreds of civilians
Smoke rises after a military strike on a compound of Sievierodonetsk’s Azot Chemical Plant, amid Russia’s attack on Ukraine, in the town of Lysychansk, Luhansk region, Ukraine June 10, 2022. Oleksandr Ratushniak | Reuters Bitter fighting raged in Sievierodonetsk, but the region’s governor said Ukraine remained in control of an industrial area and chemical plant […]
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