Month: July 2022
UK plans $95 million hydrogen gigafactory to produce components for vehicles
A sign for a hydrogen fuel pump at a train refueling station in Germany. Hydrogen has a diverse range of applications and can be used in a number of industries. Krisztian Bocsi | Bloomberg | Getty Images A U.K.-headquartered firm said Monday it was building an £80 million ($95.9 million) “gigafactory” specializing in the manufacture […]
Read More
Looking to get your funds out of a collapsed crypto platform? Don’t get your hopes up
Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors’ crypto when a platform fails. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Traders hoping to recoup their funds from failed cryptocurrency exchanges anytime soon are likely to end up disappointed, legal experts tell CNBC. Crypto trading and lending […]
Read More
SoftBank reportedly pauses plan for Arm’s London listing
SoftBank has stopped working on a London initial public offering for chip designer Arm because of political upheaval in the British government, the Financial Times reported. Akio Kon | Bloomberg | Getty Images SoftBank has stopped working on a London initial public offering for chip designer Arm because of political upheaval in the British government, […]
Read More
Asia-Pacific’s travel industry won’t recover fully without China, says analyst
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Brendan Sobie of Sobie Aviation says China is crucial to the region’s travel market, and the loss of much of it, as a result of its strict Covid measures, is “a void you cannot fill.” Source
Read More
GM reveals electric Chevrolet Blazer priced starting at $45,000
2024 Chevrolet Blazer SS EV GM DETROIT – General Motors on Monday revealed its new electric Chevrolet Blazer that’s expected to compete against the Ford Mustang Mach-E and Tesla Model Y crossover EVs. The vehicle marks an important launch for the Detroit automaker in attracting attention and more mainstream consumers to EVs. The 2024 Blazer […]
Read More
TikTok owner ByteDance explores self-designed chips as China aims for semiconductor self-sufficiency
While ByteDance is best known for its viral social media app TikTok, the Beijing-based company is now bolstering its ability in semiconductor design. ByteDance won’t be manufacturing chips to sell to others, but it will be designing semiconductors that it requires for specific applications internally. Artur Widak | Nurphoto | Getty Images TikTok owner ByteDance […]
Read More
Cramer’s lightning round: Eversource Energy doesn’t have a big enough dividend yield
Eversource Energy: “It doesn’t yield enough for me. I spoke with the people of Duke [Energy] last week. I think that’s actually a better situation.” Beyond Air Inc.: “I think that is the ultimate speculative stock, in which you’ve got to prepare to lose $8. It’s an $8. I don’t like that.” Nutrien: “No. It’s […]
Read More
Twitter fires back at Elon Musk’s attempt to delay trial
Elon Musk may tweet about the Twitter deal but not “disparage the company or any of its representatives,” according to a securities filing. Jakub Porzycki | Nurphoto | Getty Images Elon Musk and Twitter continued sparring on Monday, with the social media company slamming the Tesla CEO’s request for a slower trial schedule. Musk is […]
Read More
Here’s Jim Cramer’s advice to navigate this uncertain earnings season
Earnings season is entering full swing on Wall Street, and CNBC’s Jim Cramer said Monday that investors would be wise to take a wait-and-see approach toward shares of companies that are about to report quarterly numbers. “In this environment, it’s always going to be fragile on the upside and easy on the downside, because the […]
Read More
Billionaire investor Ken Langone says these are the ‘3 most powerful things in business’
Billionaire investor and philanthropist Ken Langone on Monday detailed three core business principles he’s believed in during his career, suggesting they’ve been instrumental in building successful organizations. “The three most powerful things in business: a kind word, a thoughtful gesture, and passion and enthusiasm for everything you’re doing,” Langone told CNBC’s Jim Cramer in an […]
Read More