Month: June 2022
These charts show the state of the global supply chain as China eases Covid lockdowns
Zoom In IconArrows pointing outwards The CNBC Supply Chain Heat Map for China, which is gradually easing Covid lockdowns, is showing several hot spots slowing down trade flow in recent days. China’s “zero Covid” measures on trucking and cross-city transport limitations continue to slow down manufacturing and logistics. The decrease in completed manufactured goods is […]
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European markets close higher as mining stocks lead gains; Just Eat Takeaway shares up 12%
LONDON — European stocks advanced on Monday as international markets gear up for key U.S. data releases, including the latest inflation reading. The pan-European Stoxx 600 provisionally ended up 1%, with mining stocks climbing 2.7% to lead gains as most sectors and major bourses closed in positive territory. Just Eat Takeaway shares jumped around 12% […]
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Hilton CEO Chris Nassetta says hotel chain not seeing any signs of travel slowdown
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Chris Nassetta, Hilton Worldwide CEO, joins ‘Squawk on the Street’ to discuss if Nassetta sees any sign of a slowdown in travel, how they’ve managed to see continued demand and if more price hikes are coming. Source
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Online marketplace StockX hits back at Nike over claims of counterfeit shoe sales
Online resale marketplace StockX is hitting back at Nike’s claims that the site has been allowing sales of counterfeit versions of its sneakers. StockX, in a response to Nike’s allegations, defended its anti-counterfeiting measures and said Nike itself had previously praised them, according to a draft of a court filing seen by CNBC. The response […]
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Solid Power, backed by Ford and BMW, begins pilot production of innovative EV battery with longer range and quicker recharging
Solid Power’s 22-layer, 20Ah all solid-state lithium metal cell compared to the company’s first-generation 10-layer, 2Ah cell. Solid Power Solid Power, a Colorado-based battery start-up backed by BMW and Ford Motor, said it has begun pilot production of an innovative solid-state battery cell that promises to offer electric-vehicle owners more range and shorter recharging times […]
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Starbucks is looking externally for its next CEO, Howard Schultz says
Starbucks Chairman and CEO Howard Schultz speaks at the Annual Meeting of Shareholders in Seattle, Washington on March 22, 2017. Jason Redmond | AFP | Getty Images Starbucks’ next CEO will come from outside the company, interim leader Howard Schultz told The Wall Street Journal. Schultz returned for his third stint in the top job […]
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Musk accuses Twitter of ‘resisting and thwarting’ his right to information on fake accounts
Musk’s plan to buy Twitter has worried policymakers around the world. Joe Skipper | Reuters Elon Musk accused Twitter of “resisting and thwarting” his right to information about fake accounts on the platform, calling it a “clear material breach” of the terms of their merger agreement in a letter to the company on Monday. “Mr. Musk […]
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GE, Orsted and now Iberdrola: The competition to recycle wind turbine blades hots up
Wind turbine blades photographed at a site in Denmark. The issue of what to do with blades when they’re no longer needed is a headache for the industry. Jonathanfilskov-photography | Istock | Getty Images Spanish energy firm Iberdrola has jointly established a company that will recycle components used in renewable energy installations, including wind turbine […]
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Watch CNBC’s full interview with JetBlue Airlines CEO Robin Hayes
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email JetBlue Airlines CEO Robin Hayes sits down with CNBC’s Phil LeBeau to discuss the company’s enhanced deal for Spirit Airlines amid its planned merger with Frontier Airlines. Hayes also reacts to concerns that a potential deal between JetBlue and Spirit would face […]
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5 things to know before the stock market opens Monday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stocks set to bounce after Wall Street’s losing week Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 3, 2022. Brendan McDermid | Reuters Wall Street was set to […]
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