Business
New cars are finally back in stock — but Americans might not be able to afford them
Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. Mario Tama | Getty Images DETROIT — New cars are slowly becoming more widely available, as supply chain bottlenecks finally start to ease. But now, an increasing number of Americans might not want them or be able to […]
Read More
RBC downgrades Lyft, says it may be falling behind Uber
Lyft may be falling behind competitor Uber, according to RBC Capital Markets. Analyst Brad Erickson downgraded shares of Lyft to sector perform from outperform, and slashed his price target, saying the ride hailing company appears to be struggling to gain an edge. “Our U.S. driver supply analysis makes our prior bullish thesis look increasingly less […]
Read More
KBW upgrades Goldman Sachs, sees 40% rally in the stock
Goldman Sachs is a buying opportunity that can jump 40% from here, according to Keefe, Bruyette & Woods. Analyst David Konrad upgraded shares of Goldman Sachs to outperform from market perform, saying that the the firm’s valuation based on tangible book value (TBV) looks attractive. “We are upgrading Goldman Sachs to Outperform from Market Perform […]
Read More
Chewy is at an ‘attractive entry point’ after its stock pullback this year, Oppenheimer says
It’s time to buy Chewy at an attractive entry point, according to Oppenheimer. Analyst Rupesh Parikh initiated coverage of the online pet supplies retailer with an outperform rating. Shares of Chewy are down roughly 36% this year, underperforming the 21% decline in the S & P 500 over the same time period. “We believe the […]
Read More
Musk Suggests PepsiCo to choose shipping and delivery of Tesla semi-electric powered vans on Dec. 1
Tesla Semi Courtesy: Tesla Tesla is starting off Semi electric powered industrial truck output and PepsiCo will get the very first deliveries on Dec. 1, the electrical automobile maker’s main Elon Musk tweeted on Thursday. When Musk unveiled the prototype of the futuristic, battery-powered Semi in 2017, he mentioned the Course 8 truck would go […]
Read More
Cramer’s lightning round: GXO Logistics is a buy
Axsome Therapeutics Inc: “They’re trying to cure pain. … We know who didn’t do it well, and we’re not even going to mention it.” nCino Inc: “As much as I like nCino, I like its product, it’s losing money. So, we can’t buy it.” Jim Cramer’s Guide to Investing Click here to download Jim Cramer’s Guide […]
Read More
Cannabis company Canopy applauds Biden’s marijuana pardons as stock surges
Canopy Growth applauded President Joe Biden’s announcement Thursday that he will pardon thousands of people convicted of marijuana possession. “Today represents action from the Administration that we have been waiting for – an acknowledgement that cannabis prohibition has failed and that too many lives have been significantly impacted as a result,” David Culver, vice president of […]
Read More
Jim Cramer says economic data can’t capture one huge driver of inflation
CNBC’s Jim Cramer on Thursday said that a huge driver of inflation is the consumer’s desire to spend money in the reopening economy – a fact that isn’t reflected in the data that the Federal Reserve and Wall Street are poring over. “They don’t care about higher rates. They have savings because they did nothing […]
Read More
United Airlines is aiming to have electric planes flying by 2030
An United Airlines seen at LaGuardia International Airport in New York. Adam Jeffery | CNBC United Airlines is aiming to have electric aircraft flying regional routes by the end of the decade, part of the company’s goal to fully reduce its carbon footprint to net zero by 2050. Those battery-powered aircraft are being developed by Swedish […]
Read More
U.S. will display people arriving from Uganda for Ebola as East African nation battles outbreak
Medical practitioners wander inside of the Ebola isolation portion of Mubende Regional Referral Healthcare facility, in Mubende, Uganda, Thursday, Sept. 29, 2022. Hajarah Nalwadda | AP The U.S. will rout and display travellers for Ebola at five selected airports if they have traveled in Uganda within just a few months prior to their arrival, federal […]
Read More