business news
Polestar confirms it will deliver 50,000 electric vehicles in 2022
Polestar, the Swedish electric performance car company, has announced that the world premiere of its next car, the Polestar 3 electric performance SUV, will be in October 2022. Polestar 3 is the company’s first SUV. Courtesy: Polestar Swedish electric vehicle maker Polestar said Friday that it is still on track to deliver 50,000 vehicles in […]
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What AMD’s warning means for the other chip stocks, according to Bank of America
AMD’s third-quarter warning on weaker PC demand points to more trouble ahead for chipmakers such as Intel and Nvidia, according to Bank of America. “Read-across negative for INTC, NVDA, memory, datacenter,” analyst Vivek Arya wrote in a Thursday note. “We believe AMD’s warning will have the most negative read-across for PC peer INTC, but also […]
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Covid vaccines prevented at least 330,000 deaths among U.S. seniors in 2021, health officials say
Covid vaccines prevented at least 330,000 deaths and nearly 700,000 hospitalizations among adult Medicare recipients in 2021, the Health and Human Services Department said in a new report published Friday. The reduction in hospitalizations due to vaccination saved more than $16 billion in medical costs, according to the HHS report. A 10% increase in vaccination […]
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Ron Insana: It truly is time to use an ‘all of the above’ strength policy to break up the OPEC+ cartel
An Austrian soldier guards the entrance to the OPEC headquarters on October 4, 2022 on the eve of the 45th Conference of the Joint Ministerial Checking Committee and the 33rd OPEC and non-OPEC Ministerial Conference held on October 05, in Vienna, Austria. Joe Klamar | AFP | Getty Illustrations or photos Saudi Arabia’s final decision […]
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3 takeaways from our daily meeting: Stocks under pressure, buying JNJ, AMD’s ugly preannouncement
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. Jobs data weighs on stocks We’re buying more JNJ Quick takes on our chip and pharma names 1. Jobs data weighs on stocks Stocks slipped Friday morning as Wall Street […]
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Why this trader will not back again corporations that use carbon offsets
Zachary Bogue, co-controlling associate for Info Collective LLC, speaks in the course of the Potential of Innovation: Highlight on Artificial Intelligence Conference in San Francisco, California, U.S., on Thursday, June 22, 2017. The marketplace for AI technologies is approximated to make a lot more than $60 billion in productivity advancements for U.S. companies yearly. Bloomberg […]
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Abroad shipping charges are plummeting for suppliers. The retail stocks that will benefit
Transport prices are slipping swiftly, and Oppenheimer thinks some vendors can greatly advantage from it. The Environment Container Index, which tracks the expense of a 40-foot container on 8 big routes via both equally brief- and extended-phrase contracts, was down 8% this week to $3,688.75 per container. That marks the 32nd straight weekly lessen, with […]
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European markets close lower after key U.S. jobs report; Credit Suisse jump 5%
Credit Suisse shares jump 6% Shares of beleaguered Credit Suisse jumped 6% in afternoon deals Friday on the back of news that it had offered to buy back up to 3 billion Swiss francs ($3.03 billion) of debt securities. It comes after the Swiss bank’s shares briefly hit an all-time low earlier this week, and […]
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We’re putting cash to work in Friday’s market decline, adding to one of our defensive stocks
In anticipation of the early October rally fizzling out in the immediate-term, we raised extra cash earlier in the week. Source
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Mega Millions jackpot is $410 million. Here are 3 key things to do if you win
Will Lester | Medianews Group | Getty Images There’s a chance that a Mega Millions player is going to wake up Saturday morning with a $410 million windfall in their lap. That’s the advertised jackpot amount for the lottery game’s next drawing, set for Friday night. It’s the third time this year the top prize […]
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