China’s automobile and component exports more than doubled in 2021 from a year ago, exceeding 30% growth in China’s exports overall, Bernstein analysts found. Yi Fan | Visual China Group | Getty Images BEIJING — China’s latest Covid lockdowns are a greater risk for global inflation today than they were in 2020, Bernstein analysts said.
Business
In this article AAL An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images The union that represents American Airlines‘ pilots sued the carrier in federal court Thursday to block a program that encourages aviators to help with
In this article NKE FDX WHR HPQ CRM NFLX AMZN The current United States tax code allows some of the biggest company names in the country to not pay any federal corporate income tax. In fact, at least 55 of the largest corporations in America paid no federal corporate income taxes on their 2020 profits,
Loading chart… Rocket Companies Inc: “It’s such a good company, but when rates go up, it does poorly. And the Fed wants housing to slow. So therefore, their business is going to slow, too. Too soon to buy.” Loading chart… Garmin Ltd: “It’s fabulous. … I think their stock is great.” Loading chart… Mosaic Co:
In this article RENT Jennifer Hyman, CEO and co-founder, Rent the Runway Scott Mlyn | CNBC Rent the Runway sees the more than 2 million weddings planned for this year, and all the parties that come with them, as being a massive boon to its business. Plus, according to co-founder and Chief Executive Jennifer Hyman,
In this article DNUT WMT A car is pumping gas at a Costco gas station. The conflict between Ukraine and Russia resulted in increased gas prices in the United States in the past two weeks. Michael Ho Wai | Lightrocket | Getty Images Along with fried chicken, biscuits and iced tea, family meals at Southern
In this article MBG-DE TSLA BMW-DE F GM 7267.T-JP With several major economies looking to cut the number of diesel and gasoline vehicles on their roads, Honda and other carmakers are attempting to develop electrification strategies that will allow them to remain competitive going forward. Aimur Kytt | Istock Editorial | Getty Images Honda plans
Travelers wait in line at the Delta Air Lines check-in area at the Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, U.S., on Tuesday, Dec. 21, 2021. Elijah Nouvelage | Bloomberg | Getty Images Airfare is surging as higher fuel prices and strong travel demand drive up the cost of flights. Consumers spent $8.8 billion
Miso Robotics’ CookRight Coffee System Source: Miso Robotics Panera Bread is piloting Miso Robotics’ new automated coffee brewing system as it doubles down on its drink subscription program. It’s part of a broader shift across the restaurant industry toward automation as many eateries struggle to find workers and labor costs rise. For example, McDonald’s is
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters The U.S. State Department has ordered all non-emergency government staff and their family members in Shanghai to leave as Covid surges and told U.S. citizens to reconsider
A shopper wearing a protective mask as a precaution against the spread of the coronavirus selects fruit at the Reading Terminal Market in Philadelphia. Matt Rourke | AP With Covid-19 cases slowly rising, Philadelphia is bringing back its indoor mask mandate for public places, schools and day cares. Philadelphia announced Monday that, on April 18,
In this article 9866-HK Nio said it has suspended production due to Covid-related restrictions in the last several weeks that halted production at suppliers’ factories. Long Wei | Visual China Group | Getty Images BEIJING — Chinese electric car company Nio said over the weekend it is raising prices and suspending production as the latest
In this article TGT Target ThredUp website Source: Target Target is tiptoeing back into secondhand sales through a deal with resale company, ThredUp. The big-box retailer confirmed Friday that it launched a page on ThredUp’s website in late March that includes listings of women’s and kids’ apparel, along with accessories. Some items are from Target’s
In this article JBLU JetBlue planes at New York’s John F. Kennedy International Airport Leslie Josephs | CNBC JetBlue Airways is planning to trim its summer schedule to avoid flight disruptions as it scrambles to hire ahead of what executives expect to be a monster peak travel season. “We’ve already reduced May capacity 8-10% and
CNBC’s Jim Cramer on Friday previewed next week’s roster of earnings and advised investors to stick to companies that are profitable yet affordable for investors to own. “In this environment, you need to own companies that make stuff and do things profitably, but let’s add, also, with stocks that remain cheap on a price to
In this article SBUX A pro-union poster is seen on a lamp pole outside Starbucks’ Broadway and Denny location in Seattle’s Seattle’s Capitol Hill neighborhood on March 22, 2022. Toby Scott | Sopa Images | Lightrocket | Getty Images Howard Schultz’s first week back at the helm of Starbucks ended with seven more company-owned cafes
A customer is shown a 2022 Toyota Prius at Longo Toyota in El Monte, CA on Wednesday, March 23, 2022. Medianews Group | Orange County Register via Getty Images People spend a lot of money on their cars and trucks. In fact, about 16% of the average American’s total budget goes to transportation, including vehicle
CNBC’s Jim Cramer on Friday offered a list of nine discounted retail stocks that he believes could be great additions to investors’ portfolios. “Today we saw many of these discounted retailers rally nicely, but it will take many more days like today before these stocks come close to being expensive again. So, I would give
Loading chart… Portillo’s Inc: “At this price, I actually like it.” Loading chart… Cerberus Cyber Sentinel Corp: “I say you must buy Palo Alto. … Palo Alto is the one to own.” Loading chart… AeroVironment Inc: “Let’s just say that their stuff is really, really good.” Loading chart… Mattel Inc: “Mattel I like so much,
US actor Will Smith accepts the award for Best Actor in a Leading Role for “King Richard” onstage during the 94th Oscars at the Dolby Theatre in Hollywood, California on March 27, 2022. Robyn Beck | Afp | Getty Images Will Smith has been banned from attending the Academy Awards for the next decade after