Business
Hyundai unveils new Ioniq 6 EV — an ‘electrified streamliner’ with unique design
The newest electric vehicle from Hyundai Motor is a sedan with a unique bubbly design. The South Korean automaker unveiled the Ioniq 6 Wednesday night as an “electrified streamliner,” a nod to its aerodynamic design that Americans may know best through the design of an Airstream trailer. It’s a major shift in styling from the […]
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The Fed is winning against inflation despite red-hot June CPI number, Jim Cramer says
CNBC’s Jim Cramer on Wednesday said that while consumer prices rose sharper in June than Wall Street expected, the Federal Reserve is close to beating inflation. “I think we have a real shot at putting in … a short term bottom here given that the Federal Reserve can probably put through one more big rate […]
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Charts suggest the euro could see a ‘swift rally’ and lift the market with it, says Jim Cramer
CNBC’s Jim Cramer on Wednesday said that the euro could rise in value in the near future, relying on analysis from DeCarley Trading technician Carley Garner. “The charts, as interpreted by Carley Garner, suggest that the euro’s ready to rebound — if not now then very soon — and I wouldn’t be surprised if she’s […]
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Cramer’s lightning round: I want to buy Flex
Sign up now for the CNBC Investing Club to follow Jim Cramer’s every move in the market. Questions for Cramer?Call Cramer: 1-800-743-CNBC Want to take a deep dive into Cramer’s world? Hit him up!Mad Money Twitter – Jim Cramer Twitter – Facebook – Instagram Questions, comments, suggestions for the “Mad Money” website? [email protected] Source
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United Airlines, pilots’ union to renegotiate contract after last deal faced opposition
United Airlines and its pilots’ union are going back to the negotiating table for a new contract, a setback for the carrier after it was the first to reach a tentative agreement since the pandemic started. The United branch of the Air Line Pilots Association acknowledged Wednesday that the current agreement “fell short” of some […]
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Ritholtz’s Josh Brown says stocks are never down three years after a recession
Stocks could have further downside from here, but Ritholtz Wealth Management’s Josh Brown has some good news for investors: Markets are never down three years after a recession. “We studied every post-World War II recession, and the effects of the stock market before, during and after,” Brown said Wednesday on CNBC’s ” Closing Bell: Overtime […]
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Americans are paying record-high prices for new vehicles
A sign advertises to purchase cars at a used car dealership in Arlington, Virginia, February 15, 2022. Saul Loeb | AFP | Getty Images DETROIT – If investors are looking for signs of a recession or weakening consumer spending, they can skip over new vehicle prices, which hit a new record in June. Fueled by […]
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Apparel prices remain high even as retailers use markdowns to clear excess inventory
A customer shops for shirts at an American Eagle Outfitters store in San Francisco. David Paul Morris | Bloomberg | Getty Images Excess inventory has racked up in many retailers’ warehouses and stores. But shoppers are still paying more as they refresh the closet. Apparel prices rose 0.8% in June compared to May, and 5.2% […]
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FDA authorizes Novavax Covid vaccine for adults as the first new shots in U.S. in more than a year
In this photo illustration the Food and Drug Administration (FDA) and Novavax logos are seen behind a medical syringe and vials. Pavlo Gonchar | LightRocket | Getty Images The Food and Drug Administration has authorized Novavax’s two-dose vaccine for adults ages 18 and over, the fourth Covid shot to get emergency approval in the U.S. […]
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IPO market stays dormant as Justworks and Fresh Market withdraw their filings
A person checks her phone at Wall Street near the New York Stock Exchange (NYSE) in New York on May 27, 2022. Angela Weiss | AFP | Getty Images The IPO market has been frozen for most of 2022, and it shows no signs of reopening. On Wednesday, software vendor Justworks and food retailer Fresh […]
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