Month: October 2024
Rolls-Royce opens VIP showroom in NYC to cater to its top-tier clients. Take a look inside
Rolls-Royce has opened its first U.S. “Private Office,” a secret VIP design studio for ultra-wealthy clients who want highly personalized cars. The Private Office, in Manhattan’s trendy Meatpacking District, is central to the fabled British automaker’s new strategy of growing sales and profits from selling more customized, higher-priced vehicles rather than boosting production. Rolls-Royce produced […]
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GM investor day: Cruise, cash and EV profits top of mind for Wall Street
Mary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson’s building in Detroit, Michigan, US, on Monday, April 15, 2024. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — A lot has changed since General Motors’ last investor day two years ago, but one thing that hasn’t […]
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Stocks making the biggest moves midday: Generac, Amazon, Pfizer and more
Check out the companies making headlines in midday trading: Generac Holdings — Shares of the maker of power generators surged 8% as Hurricane Milton intensified into a Category 5 storm . Amazon — The e-commerce stock lost 2.9% after Wells Fargo downgraded shares to equal weight from overweight and cut its price target, citing slowing […]
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Super Micro shares soar after server company says it’s shipping over 100,000 AI GPUs per quarter
Super Micro CEO Charles Liang. Source: Supermicro Super Micro Computer shares jumped 15% after the computer server company said it’s shipping more than 100,000 graphics processing units used for artificial intelligence per quarter. That could translate into several billions of dollars of orders if the average price of a GPU is around the cost of […]
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Trump Media stock soars 15% in heavy trading after ex-president’s rally in Butler with Musk
Omar Marques | Lightrocket | Getty Images Shares of Trump Media soared Monday, a day after former President Donald Trump returned to Butler, Pennsylvania, the site of his July 13 assassination attempt, to rally with Tesla CEO Elon Musk. Shares were up roughly 15% as of 12:30 p.m ET with heavy volume, and the stock was trading […]
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Another top aide to New York City mayor resigns amid federal probe
Embattled New York City Mayor Eric Adams said Monday that he’s accepted the resignation of his deputy mayor for public safety, Philip Banks, the latest senior official to leave as the mayor fends off an indictment and calls to step down. Adams said on TV station NY1 that Banks had told him Sunday that “he […]
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Walmart-owned Sam’s Club tests a future without checkout lines
Sam’s Club is opening a store in the Dallas area that will require customers to go all digital. Shoppers will use a smartphone app to scan and pay for their own purchases rather than standing in a checkout lane. Sam’s Club GRAPEVINE, Texas — When shoppers walk into Sam’s Club’s newest store, they’ll soon see […]
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Supreme Court rejects Martin Shkreli fine appeal
Former drug company executive Martin Shkreli and his lead attorney Benjamin Brafman arrive at U.S. District Court for the fourth day of jury deliberations in his securities fraud trial in the Brooklyn borough of New York City, U.S., August 3, 2017. Amr Alfiky | Reuters The Supreme Court on Monday rejected a bid by notorious […]
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UK Prime Minister Keir Starmer attempts government reset less than 100 days into office
LONDON — British Prime Minister Keir Starmer is seeking to reset his government and recover from a shaky first 100 days in office beset by policy misfires, doom mongering and a “freebie” scandal. Over the weekend, Starmer conducted a shake-up of his office in No.10, after his Chief of Staff Sue Gray was forced to […]
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No case for more jumbo rate cuts by the Fed, strategists say
A television broadcasts the Federal Reserve’s interest rate cut on the floor of the New York Stock Exchange on Sept. 18, 2024. Michael Nagle | Bloomberg | Getty Images There is no case for more 50-basis-point rate cuts by the Federal Reserve, veteran market strategists told CNBC, saying the latest U.S. jobs data implies the […]
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