Business
U.S., South Korea are working to ‘rectify the problems’ on EV subsidies, South Korea trade minister says
South Korean and U.S. officials are working toward a “concrete proposal” to resolve their differences over electric vehicle subsidies, South Korea’s trade minister told CNBC. “We’ve established a specific dialogue channel to address this particular issue, and we are glad that the U.S. government wholeheartedly engaged with us to rectify the problems,” Ahn Duk-geun told […]
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Vestas launches ‘world’s tallest onshore tower for wind turbines’
A Vestas wind turbine photographed in Denmark. The company said Tuesday it would launch an onshore wind turbine tower with a hub height of 199 meters. Jonas Walzberg | Picture Alliance | Getty Images Danish firm Vestas said Tuesday it was launching an onshore wind turbine tower with a hub height measuring 199 meters (just […]
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India’s startup market may be behind China’s, but it has ‘tremendous potential,’ says Facebook co-founder
India’s startup market is worth betting on, though it’s still “a few years” behind China’s, Facebook co-founder Eduardo Saverin said. During a panel discussion at the Forbes Global CEO Conference in Singapore this week, Saverin said his investment company B Capital is deploying “a lot of dollars” into India and is thinking about the long-term success […]
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Cramer’s lightning round: Wolfspeed is not a buy
Enovix Corp: “I have to say [sell] because It costs too much money.” Wolfspeed Inc: “I’m going to tell you not to buy. This stock doesn’t make money.” Stem Inc: “A company that does not make a lot of money with a high stock in an era when the Fed wants to crunch inflation is […]
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Charts suggest it’s time to ‘hold your nose and buy something,’ Jim Cramer says
CNBC’s Jim Cramer on Wednesday said investors should consider buying some stocks while investor sentiment is extremely negative, leaning on charts analysis from technician Ralph Vince. “The charts, as interpreted by Ralph Vince, suggest that investor sentiment has reached extremely negative levels, to the point where you’ve got to hold your nose and buy something,” […]
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McDonald’s owners group says company rejected request to delay big changes to franchise system
A customer places an order September 24, 2022 at a McDonald’s Restaurant along the New York State Thruway in Hannacroix, New York. Robert Nickelsberg | Getty Images News | Getty Images A group representing McDonald’s owners said the company rejected its request to delay changes to franchising policies, including updated standards and adjustments to how […]
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Jim Cramer says Wednesday’s market rally was ‘based on a dream’
CNBC’s Jim Cramer said that Wednesday’s rally will likely reverse course as soon as a Federal Reserve official reminds Wall Street of its hawkish stance against inflation. “The moment some Fed-head explains the obvious, today’s gains will indeed disappear because they’re incompatible with the Fed’s attempts to control inflation. This rally was based on a […]
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2-time Oscar winner Tom Hanks says he’s made 4 ‘pretty good’ movies in his 40-year career
Tom Hanks may just be the most modest man in Hollywood. Despite building a career that spans more than 80 films and six Oscar nominations, the 66-year-old actor commented in a recent interview that only a handful of his movies are “pretty good.” Speaking with People Magazine while promoting his debut novel — a fictional […]
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Ford CEO Farley warns of recession, as inflation and supply disruptions weigh on production
The economy faces a heightened risk of a recession, Ford (F) CEO Jim Farley told CNBC on Tuesday, a week after the automaker warned investors of $1 billion in unexpected supplier costs and parts shortages in the third quarter. “The risk has gone up for a moderate recession certainly from all the indicators we’ve seen,” […]
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Hurricane Ian roars ashore in southwest Florida, bringing destructive floods and wind
Hurricane Ian approaches west coast of Florida on Sept. 28th, 2022. NOAA Hurricane Ian is making landfall over the west coast of Florida, according to Gov. Ron DeSantis on Wednesday afternoon. The storm greatly intensified as it neared land, reaching winds of 155 mph and nearing the most dangerous Category 5 classification Wednesday morning. Hurricane […]
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