Business
Jim Cramer says 3 things are preventing the market from having a sustained rally
CNBC’s Jim Cramer on Monday said that Monday’s rally won’t last because none of the headwinds to the economy have abated. Stocks rebounded on Monday after an ugly end to the month and quarter on Friday, notching the best day since June for the Dow Jones Industrial Average and the S&P 500′s best day since […]
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Rivian says it’s on pace to meet 2022 goals after production grew 67% in the third quarter
Workers inspect a Rivian R1T electric vehicle (EV) pickup truck on the assembly line at the company’s manufacturing facility in Normal, Illinois, US., on Monday, April 11, 2022. Jamie Kelter Davis | Bloomberg | Getty Images Electric vehicle maker Rivian Automotive said Monday that it produced over 7,000 vehicles in the third quarter, its highest […]
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This ‘wild card’ strategy offers retirees a fix for unpaid quarterly taxes. Here’s how to use it
Portra | E+ | Getty Images If you’re retired and haven’t made the necessary quarterly estimated tax payments for 2022, there may still be time to avoid late penalties, experts say. Retirees must send tax payments four times per year if they don’t withhold enough from Social Security, pensions, investments or other sources of income. […]
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Damages in Florida from Hurricane Ian could total $47 billion. Here’s how to protect your personal finances from natural disasters
Tap emergency resources Reach out to the Federal Emergency Management Agency, Disaster Assistance Improvement Program and the American Red Cross, as well as state and local governments, for emergency assistance. You may also find help in your community. “Disasters bring people together,” McClanahan said. “People are really good at helping people. “If you have the […]
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Photos show massive recovery days after Hurricane Ian hit Florida, Carolinas
People carrying gas containers look for gas at a distribution center organized by the community after Hurricane Ian caused widespread destruction in St James City, Florida, U.S., October 2, 2022. Marco Bello | Reuters Days after Hurricane Ian hit Florida and the Carolinas, residents are struggling to navigate flooded roads and neighborhoods and federal emergency management […]
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Uber shares can double from here on ride-share bookings growth, Morgan Stanley says
Uber ‘s stock can double as the company heads down a path toward multiyear earnings growth, according to Morgan Stanley. Analyst Brian Nowak maintained an overweight rating on Uber, saying the ride-share company’s cost structure could drive growth from here. “We analyze user/frequency/pricing growth of UBER’s top 10% of users (using UBER 25 times/month) and […]
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Norwegian Cruise Line ends all Covid-19 testing, masking and vaccination requirements
A Norwegian Gateway cruise ship leaves from the Manhattan port during sunset in New York City, United States on April 10, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Norwegian Cruise Line announced Monday that it will suspend all Covid-19 testing, masking and vaccination requirements. The change goes into effect Tuesday, the company said. […]
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General Motors says sales rose 24% in the third quarter
People look at the Cadillac Lyriq electric vehicle at the Cadillac booth at the North American International Auto Show in Detroit, Michigan on September 14, 2022. Geoff Robins | AFP | Getty Images DETROIT – General Motors’ third-quarter vehicle sales increased 24% compared to a year ago, when supply chain issues weighed more heavily on […]
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Wall Street analysts are divided after Tesla’s third-quarter deliveries miss
Wall Street analysts were divided on electric vehicle maker Tesla after it posted its latest production and delivery numbers. Shares of Tesla were down 4.3% in Monday premarket trading after the company posted third-quarter vehicle production and delivery figures for 2022 that missed on deliveries expectations. Tesla reported deliveries of 343,000 vehicles, less than a […]
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Ocean freight orders are signaling a big drop in consumer demand
For the marine shipping industry to cut its carbon footprint in half by 2050, promising technology will need to become reality, and efficiency gains will need to increase as well. Lucy Nicholson | Reuters A significant consumer pullback is showing up in ocean shipping, with logistics managers telling CNBC they have seen a 20% drop […]
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