Ford Motor Co
BYD is selling so many electric cars it’s become one of the top three automakers in China
One of BYD’s bestselling electric car models, the Han, is on display during an auto show in Shenzhen on June 5, 2022. Anadolu Agency | Anadolu Agency | Getty Images BEIJING — Chinese electric car maker BYD saw sales more than double in May, solidifying the company’s climb into the ranks of the top three […]
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Cramer’s lightning round: Matterport is not a buy
Matterport Inc: “The stock loses money, and we’re not recommending any stocks … that are losing money.” Veru Inc: “We caught a big move. How about we just leave it at that.” Cintas Corp: “I think [the Biden Administration] wants to be pro-business but doesn’t know how. So I can not be behind Cintas at […]
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GM’s stock closes below IPO price for first time since October 2020
Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images DETROIT – Shares of General Motors on Monday closed below the post-bankrupt automaker’s $33 initial public offering price for the first […]
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Latest Shanghai quarantines add more pressure to global supply chain
Staff members of China Post unload parcels of daily necessities for residents quarantined at home from a minivan on May 14, 2022 in Shanghai, China. Tian Yuhao | China News Service | Getty Images The mass quarantine measures imposed this past weekend in Shanghai, including highway closures, severely affected trucks carrying exports bound for the […]
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Recession could hit this year so buy defensive dividend stocks, Wolfe Research says
It’s time for investors to snap up defensive dividend stocks as a recession could hit later this year, according to Wolfe Research. Wolfe analysts said in a note Monday that believe a recession could turn up as early as the fourth quarter, though they maintained that their base case is for a downturn in 2023. […]
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CEOs of GM, Ford and other automakers urge Congress to lift electric vehicle tax credit cap
The all-electric Chevrolet Silverado at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC DETROIT – The CEOs of General Motors, Ford Motor, Chrysler parent Stellantis and Toyota Motor North America are urging Congress to lift the federal government’s cap on the number of vehicles that are eligible for a tax credit […]
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QuantumScape promised a revolutionary EV battery. Here’s why investors are still waiting
A solid-state battery development lab for QuantumScape. QuantumScape The electric vehicle space has seen a handful of impressive stock market debuts in recent years, but battery start-up QuantumScape’s first few weeks of trading were remarkable even by EV stock standards. QuantumScape, which was founded in 2010, went public via a merger with a special-purpose […]
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Lyft plans to build a hybrid network of autonomous and driver vehicles, co-founder says
Lyft’s vehicle fleet will remain largely commandeered by drivers even as the company continues to develop its autonomous driving capabilities, co-founder and president John Zimmer told CNBC’s Jim Cramer on Tuesday. “What we see happening is that there will be a hybrid network, meaning on day 1, just like what happened with phones, you didn’t […]
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Target and Microsoft may be just the beginning of a worrisome earnings trend
Target is unlikely to be the only company with a bullseye on it during the upcoming earnings season. The retailer Tuesday warned for the second time in less than a month that its profits would take a hit from an inventory glut. The new guidance comes just days after Microsoft , in another high profile […]
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Ford tops the list of the cheapest stocks in the market right now
While the short-term market outlook looks quite precarious, investors seeking buys for the long term are likely finding tons of value possibilities after the sizable pullback in stocks so far this year. CNBC PRO ran a screen looking for the cheapest stocks relative to the rest of the market and their historical valuations. Here’s the […]
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