Business
Volkswagen recalls 246,000 Atlas SUVs due to issue with airbags, brakes
Volkswagen recalled 246,000 Atlas and Atlas Cross Sport SUVs in the U.S. and Canada because of a wiring issue that could cause problems with the airbags, windows and brakes of the cars. Damage to the wiring of the cars could result in airbags deploying “later than designed,” which could lead to injury of people in […]
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Why companies spend millions on crash test dummies
A car buyer may never see crash test dummies, but they are a crucial piece of what keeps pushing automotive safety forward. The latest crash test dummies are loaded with sensors and new tech, and they can cost $1 million. Major automakers and suppliers can have fleets of dozens of dummies. New dummies are also […]
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Activist investors take aim at cloud software after market swoon
Steven Birdsall, chief revenue officer of Anaplan Inc., left, and Frank Calderoni, president and chief executive officer of Anaplan Inc., center, talk to a trader during the company’s initial public offering on the floor of the New York Stock Exchange in New York on Oct. 12, 2018. Michael Nagle | Bloomberg | Getty Images Activist […]
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Cramer’s lightning round: Hims & Hers Health is not a buy
Hims & Hers Health Inc: “Hims & Hers lose money … I’m not recommending stocks that are losing a lot of money.” DraftKings Inc: “[Kynikos Associates founder] Jim Chanos says it’s a great short. I think the time to short the stock was much, much higher.” Gilead Sciences Inc: “I know it looks very, very […]
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Cramer explains why veteran technical analyst Larry Williams sees a bull market for these three stocks
CNBC’s Jim Cramer on Friday broke down fresh technical analysis from veteran chartist Larry Williams, whose proprietary market indicators suggest that Google-parent Alphabet, Amazon and Coca-Cola are stocks to watch for. “Right now, the charts as interpreted by Larry Williams, suggest we’ve got incredibly bullish action in Google, very good bullish action in Amazon and […]
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These five newly public stocks could be great additions to your portfolio, according to Jim Cramer
CNBC’s Jim Cramer on Friday offered a list of five newly-public stocks he believes investors should add to his portfolio. While he still sticks by his rule that buyers should stick to companies that turn profit and produce tangible things, “that’s a big ask for a company that just came public,” the “Mad Money” host […]
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Cramer’s week ahead: ‘I’m begging you’ to sell stocks of unprofitable companies
CNBC’s Jim Cramer on Friday previewed next week’s earnings schedule and said that investors should use it as a chance to offload unprofitable companies from their portfolios. The “Mad Money” host said that the market could be in for some pain next week after this week’s rallies, as investors digested the news of the Federal […]
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GM to buy SoftBank’s stake in Cruise self-driving unit
A robot car of the General Motors subsidiary Cruise is on a test drive. Andrej Sokolow | picture alliance | Getty Images DETROIT – General Motors is acquiring SoftBank Vision Fund 1’s equity ownership stake in its majority-owned Cruise autonomous vehicle unit for $2.1 billion, the automaker announced Friday afternoon. Softbank first acquired a minority […]
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California slashes supplies to water agencies amid record drought
A cracked lake bed at Nicasio Reservoir during a drought in Nicasio, California, on Wednesday, Oct. 13, 2021. David Paul Morris | Bloomberg | Getty Images California water officials on Friday said they are slashing State Water Project allocations from 15% to 5% of normal for certain urban water consumers and farmers, as the state […]
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Toyota, major chip supplier suspend production due to earthquake in Japan
A car dealership’s window is broken following a strong earthquake in Koriyama, Fukushima prefecture, Japan in this photo taken by Kyodo on March 17, 2022. Kyodo| via Reuters DETROIT – A major earthquake this week in Japan is causing additional problems for the already constrained global automotive supply chain, which continues to manage through problems […]
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