General Motors Co
Ford hikes price of electric Mustang Mach-E by as much as $8,475 due to ‘significant’ battery cost increases
Visitors check on a Ford Mustang Mach-E electric vehicle displayed at a launch event in Shanghai, China April 13, 2021. Yilei Sun | Reuters DETROIT – Ford Motor is hiking the starting prices of its electric Mustang Mach-E crossover by more than $8,000 for some models, as it reopens order banks for the 2023 model […]
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Shares generating the major moves midday: Bed Bathtub & Further than, Cineworld, Foot Locker, Wayfair and additional
Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Check out the organizations earning headlines in midday trading. Foot Locker — The retail stock surged additional than 20% following it appointed former Ulta Natural beauty head Mary Dillon as its chief government officer, replacing Richard Johnson. Foot Locker also noted a scaled-down-than-predicted fall in equivalent revenue […]
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Tesla’s valuation doesn’t make sense until it hits this level, fund manager says
Top tech investor Paul Meeks doesn’t buy into the Tesla hype, saying the stock could be a buy — but only at the right price. “You almost have to believe in the cult, and it is a cult, just a little bit to buy that stock, because you are never going to be a hardcore […]
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GM reveals new GMC Canyon premium midsize pickup, starting at $40,000
DETROIT — General Motors on Thursday revealed its redesigned GMC Canyon as a more premium offering than the current midsize pickup, including a new off-road AT4X model that will expand the vehicle’s pricing range. The new AT4X model features off-road performance parts as well as unique interior and exterior styling. It will launch alongside a […]
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How the EV tax credits in Democrats’ climate bill could hurt electric vehicle sales
Tesla cars charge next to a traditional Texaco gas station on July 17, 2022 in Nephi, Utah. With more electric cars on the road, lack of charging infrastructure is becoming more of a problem for EV owners. George Frey | Getty Images Proposed tax credits of up to $7,500 for electric vehicles under the Inflation […]
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Citi’s stocks to play the biggest themes of our time like automation and AI
As markets remain saddled with short-term turmoil and recession fears, one top strategist recommends investors start seeking out stocks with long-term structural growth stories. Citi’s Scott Chronert believes stocks that play into the biggest trends of our time, such as artificial intelligence and automation, could start outperforming from here. “Why are we considering themes now? […]
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Ford raises price of electric F-150 Lightning by up to $8,500 due to ‘significant material cost increases’
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – Ford Motor on Tuesday said it is increasing the starting prices of its electric F-150 Lightning pickup due to “significant material cost increases and other factors.” The Detroit automaker said the price increases – between […]
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Investor Sarat Sethi has some stock picks to play inflation and a consumer slowdown
Investors should stick to companies that can keep generating earnings as they navigate high inflation and a consumer slowdown, according to DCLA’s Sarat Sethi. “Earnings are going to drive this market going forward,” Sethi said Monday on CNBC’s “Squawk Box.” “Not multiple expansion, not liquidity, it’s going to be where do we find earnings, and […]
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Baidu’s robotaxis don’t need any human staff in these parts of China
Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles. Baidu BEIJING — Chinese tech company Baidu said Monday it has become the first robotaxi operator in China to obtain permits for selling rides with no human driver or staff member inside the vehicles. The local […]
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Goldman Sachs, bank behind the Apple Card, says regulators are investigating its credit card practices
Goldman Sachs CEO David Michael Solomon attends a discussion on “Women Entrepreneurs Through Finance and Markets” at the World Bank on October 18, 2019 in Washington, DC. Olivier Douliery | AFP | Getty Images Goldman Sachs said that its credit-card business is being investigated by the Consumer Financial Protection Bureau over a range of billing […]
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