Ford Motor Co
Surging prices force consumers to ask: Can I live without it?
A pedestrian carries shopping bags in the Herald Square area of New York, U.S., on Wednesday, April 13, 2022. Calla Kessler | Bloomberg | Getty Images Sandy Magny plans to take her teenage daughter to West Palm Beach, Florida, this summer, even though airfares are surging. It won’t be cheap, but Magny doesn’t want to […]
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Robotaxis haven’t taken over the streets, but that doesn’t mean self-driving cars are all hype
It’s 2022. We were supposed to have robotaxis by now. What happened? Source
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The market just posted an unhealthy AOL-Time Warner bubble comparison
A Teladoc rolling telehealth cart that allows physicians to meet with their patients remotely, on October 8, 2021. Newsday Llc | Newsday | Getty Images This week’s earnings details have included some big-name reckonings with the value of high-growth, high-tech — and high-risk — companies. Ford and Amazon writing down stakes in electric vehicle maker […]
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Top autos CEO warns of battery supply scarcity as EV competition heats up
In 2021, Volvo Cars said it planned to become a “fully electric car company” by the year 2030, a move which will require it to have a consistent and secure supply of batteries for its vehicles. Peerapon Boonyakiat /SOPA Images | LightRocket | Getty Images The new CEO and president of Volvo Cars has predicted […]
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Bet against ‘superstar’ executives like Mark Zuckerberg and Tim Cook at your own peril, Jim Cramer warns
CNBC’s Jim Cramer on Thursday advised investors to trust big-name executives – especially those at the helm of the major companies that just reported quarterly earnings. “You bet against these superstar CEOs and CFOs at your own peril. … [they] don’t win every game, but over the long haul they win a lot more often […]
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Here’s a full recap of CNBC’s 2022 Stock Draft: Ryan Reynolds likes Netflix, Kandi Burruss buys Zoom
Finance professionals, athletes and celebrities choose their favorite names in the annual stock-picking competition. Source
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Amazon takes $7.6 billion loss on Rivian stake after EV company’s stock plunge
R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Amazon invested in electric vehicle maker Rivian in 2019 as part of a plan to go green. During the first quarter, it saw nothing […]
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Amazon shares plunge on weak sales forecast
Andy Jassy, CEO of Amazon and then CEO of Amazon Web Services, speaks at the WSJD Live conference in Laguna Beach, California, October 25, 2016. Mike Blake | Reuters Amazon shares plummeted as much as 10% in extended trading on Thursday after the company issued a revenue forecast that trailed analysts’ estimates. Here’s how the company […]
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Stocks making the biggest moves midday: Meta, McDonald’s, Teladoc, Ford and more
Pavlo Gonchar | LightRocket | Getty Images Check out the companies making headlines in midday trading. Meta Platforms — Shares of the company formerly known as Facebook surged 17.6% after reporting mixed first-quarter results. The company posted a beat in earnings but a disappointing revenue miss. It also saw daily active users grow following a decline […]
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These stocks show pricing power, a look into Q1 earnings results reveals
Rising cost pressures and surging inflation marked the first quarter of 2022, but some companies seemed to benefit despite the uptick. Source
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