Business
Mercedes-Benz CEO says luxury drivers will help spur the transition to electric vehicles
A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. Mark Blinch | Reuters Mercedes-Benz CEO Ola Kallenius told CNBC’s Jim Cramer that while he thinks there will be a market for vehicles with internal combustion engines for a […]
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Apartment demand unexpectedly fell during its busiest season, according to a new report
The third quarter of every year is historically the busiest for apartment rentals, but demand fell this year, according to RealPage. It’s the first time the rental technology platform has recorded a third-quarter drop in the 30 years it’s been tracking the metric. Demand fell by more than 82,000 units nationally, according to the report. […]
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Adidas says its relationship with Kanye West is under review
Kanye West at an event announcing a partnership with Adidas on June 28, 2016 in Hollywood, California. Getty Images Sneaker and apparel maker Adidas said Thursday it is reviewing its relationship with the outspoken Kanye West. “After repeated efforts to privately resolve the situation, we have taken the decision to place the partnership under review. […]
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Gun industry faces a new wave of lawsuits that could reshape how firearms are sold
People lay flowers and cards near a spot where a mass shooting took place during the 4th of July parade in Highland Park, Illinois on July 6, 2022. Jacek Boczarski | Anadolu Agency | Getty Images The survivors and families of victims of recent mass shootings in Texas and Illinois are taking on gun companies […]
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A $150 million beach home for sale would be the Hamptons’ priciest ever — if it can find a buyer
An oceanfront estate in Southampton, listed at $150 million, stands as the priciest home for sale in the Hamptons — and is struggling to move off the market. The compound, called La Dune, is likely to be used as a summer home and draws from a tiny pool of buyers, probably billionaires, who could afford […]
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This offshore drilling stock can surge nearly 70% to fill looming oil supply gap, Barclays says
It’s time to buy Transocean ahead of massive growth for the offshore drilling company, according to Barclays. Analyst J. David Anderson double upgraded shares of Transocean to overweight from underweight, saying that the stock will benefit from the revival of offshore drilling as an investable theme. “As the longest of the three primary upstream spending […]
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Verizon looks attractive after years of underperformance, Oppenheimer says in upgrade
Oppenheimer thinks Verizon finally looks attractive after years of underperformance, noting the stock could surge more than 25% from here. Analyst Timothy Horan upgraded Verizon to outperform from perform. The analyst also slapped a price target of $50 on the stock. Verizon shares rose 1.5% in the premarket. “The catalyst is what we anticipate will […]
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Peloton CEO says company has 6 months to show whether its growth plans can pay off
A man walks in front of a Peloton store in Manhattan on May 05, 2021 in New York. John Smith | Corbis News | Getty Images Peloton has six months to show that its latest growth initiatives can help it survive as a standalone company, CEO Barry McCarthy said, according to a report from The […]
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Take-Two Interactive can surge 40% as video game maker clears near-term hurdles, Goldman Sachs says
Take-Two Interactive Software could be a big winner going forward as it overcomes some near-term challenges pressuring the video game industry, according to Goldman Sachs. Analyst Eric Sheridan upgraded shares of Take-Two Interactive Software to buy from neutral, saying the stocks recent drop could represent a buying opportunity for investors. “While the gaming industry continues […]
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Rivian needs to sharply ramp up EV production to meet 2022 targets — Wall Street is betting it can
A Rivian R1T truck body lowered onto a chassis in the assembly line at the Rivian electric vehicle plant in Normal, Illinois. Georgia is giving the company $1.5 billion in subsidies to bring a new $5 billion EV plant to the southern state. Brian Cassella | Tribune News Service | Getty Images Electric vehicle startup […]
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