Business
Why diesel prices are driving up the cost of everything
Consumers notice spiking gasoline prices every time they drive to the pump. But energy industry analysts say the current spike in diesel prices is historic — and is pushing up the cost of all kinds of goods. Diesel prices are hovering around all-time highs, forced upward by the same circumstances that have fueled gasoline’s rise. […]
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Merck sold $3.2 billion of its Covid oral antiviral treatment, driving first-quarter revenue growth
Medicine pill is seen with Merck logo and words ‘Molnupiravir’ and ‘COVID-19’ displayed on a screen in the background in this illustration photo taken in Poland on November 5, 2021. Jakub Porzycki | NurPhoto | Getty Images Merck sold $3.2 billion of its oral antiviral treatment for Covid in the first quarter, fueling the company’s […]
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McDonald’s is about to report earnings. Here’s what to expect
McDonalds and other local stores remain shuttered due to COVID-19 at Times Square on April 13, 2020 in New York, NY. Eduardo Munoz | Getty Images McDonald’s is expected to report its first-quarter earnings before the bell on Thursday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: $2.17 expected Revenue: […]
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Ford cuts 580 U.S. salaried and contract employees as it restructures to focus on EVs
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT – Ford Motor is cutting 580 U.S. salaried employees and agency workers as part of its ongoing Ford+ turnaround plan, the company confirmed Wednesday night. The cuts include approximately […]
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China’s capital city loosens robotaxi restrictions for Baidu, Pony.ai in a big step toward removing human taxi drivers
Chinese tech companies Baidu’s Apollo Go and Pony.ai announced Thursday they received permission from Beijing city authorities to remove the safety driver for part of their robotaxi business in a suburban part of the city. Vcg | Visual China Group | Getty Images BEIJING — China’s capital city has moved one step closer toward letting […]
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Ford CEO Jim Farley says pricing has offset rising commodity costs, sees improvement in second quarter
Commodity prices continued to be a headwind for Ford Motor, CEO Jim Farley told CNBC’s Jim Cramer on Wednesday, but the company has managed to offset them through its pricing strategy. “The commodity pressure, the premium freight we’re seeing, I mean it’s really real. … The good thing is, our pricing has offset all of […]
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Carnival CEO Arnold Donald steps down as cruise industry aims for a refresh
Carnival’s announcement Tuesday that Arnold Donald would step down as CEO of the world’s biggest cruise line came after some investors pushed back at a shareholders meeting earlier this month on metrics tied to the 67-year-old’s 2021 compensation package of $15 million, sources familiar with the situation told CNBC. “End of an era,” said one […]
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Cramer’s lightning round: There are ‘too many shorts’ in Academy Sports
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
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Jim Cramer debuts new stock grading system, evaluates 6 major companies after earnings
CNBC’s Jim Cramer on Wednesday offered his thoughts on whether companies that recently reported their quarterly earnings are investable, leaning on his newly introduced grading system. “The chief reason this market has become so difficult is that we finally have not-so-hot earnings, yet Wall Street’s not adopting its usual posture of buying stocks that issue […]
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Ford sees first-quarter profit dragged lower by Rivian stake, but maintains 2022 earnings guidance
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – Ford Motor posted first-quarter results Wednesday that were in line with Wall Street’s expectations, though its earnings were dragged down by a stake in electric vehicle maker Rivian Automotive and lower profits on reduced production. […]
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