Business
5 things to know before the stock market opens Wednesday
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 7, 2022. Brendan Mcdermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Markets and gridlock U.S. stock markets were on a little bit of a roll ahead […]
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UK’s first large-scale lithium refinery chooses location as race for ‘white gold’ intensifies
A lithium-ion battery photographed at a Volkswagen facility in Germany. Lithium-ion batteries are crucial components in electric vehicles. Jan Woitas | Picture Alliance | Getty Images LONDON — A facility described as the U.K.’s “first large-scale lithium refinery” will be located in the north of England, with those behind the project hoping its output will […]
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Autos giant Renault is betting the market for gasoline cars will continue to grow
Renault sees the internal combustion engine continuing to play a crucial role in its business over the coming years, according to a top executive at the French automotive giant. On Tuesday, it was announced that the Renault Group and Chinese firm Geely had signed a non-binding framework agreement to establish a company focused on […]
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Jim Cramer says to ‘hope for the best, prepare for the worst’ ahead of October CPI report
CNBC’s Jim Cramer on Tuesday gave investors his expectations for the October CPI report. “Maybe this time will be different, and it could be. … But right now when it comes to the CPI, I think we’re in a hope for the best, prepare for the worst situation,” he said. The consumer price index measures […]
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Cramer’s lightning round: Palantir is a sell
Cenovus Energy Inc: “I like Cenovus. … I wish it gave you a bigger yield, but it’s got great assets.” Jim Cramer’s Guide to Investing Click here to download Jim Cramer’s Guide to Investing at no cost to help you build long-term wealth and invest smarter. Source
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Jim Cramer says these 10 ‘old guard’ stocks are making a comeback
CNBC’s Jim Cramer on Tuesday offered investors a list of 10 companies that he believes are rising to the top as tech stocks collapse. “It’s the revenge of the old guard right now, right here. All sorts of boring, conventional companies are taking back the market while the digitizers and disruptors are being burned,” he […]
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AMC Entertainment reports another quarterly loss despite higher revenue
AMC Entertainment on Tuesday reported another quarterly loss despite higher revenue from a year ago, as it spent more on operational costs. The world’s largest movie theater chain is contending with a massive debt load, dilution of its stock and a film release schedule short on blockbusters. While the summer box office was strong, August […]
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Disney wants you to focus on revenue and profit instead of streaming subscribers — just not this quarter
The Disney+ Marvel website home screen on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images The biggest companies in media and entertainment are telling investors to focus on revenue and profit instead of streaming subscriber growth — that message backfired […]
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Sweetgreen shares tumble after salad chain lowers revenue outlook
A worker wears a Sweetgreen Inc. hat while preparing food inside the company’s restaurant in Boston, Massachusetts. Adam Glanzman | Bloomberg | Getty Images Shares of Sweetgreen fell 10% in after-hours trading on Tuesday after the salad chain reported a wider-than-expected loss and lowered its full-year revenue outlook. For 2022, the company now anticipates its […]
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Space company Astra lays off 16% of workforce as it faces rocket development delay, quarterly losses
Astra CEO Chris Kemp speaks inside the company’s headquarters during the company’s “Spacetech Day” on May 12, 2022. Brady Kenniston / Astra Astra announced Tuesday it would lay off about 16% of its employees as the space company faces a pivot in its rocket development program. “Given the challenging macroeconomic environment, we made the difficult […]
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