In this article DCFC TSLA US President Joe Biden, speaks about rebuilding manufacturing on February 8, 2022, from the South Court Auditorium in Eisenhower Executive Office Building, in Washington, DC. Brendan Smialowski | AFP | Getty Images President Joe Biden publicly acknowledged Tesla for the first time in his presidency on Tuesday, noting the company’s
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In this article EPC Edgewell Personal Care CEO Rod Little told CNBC on Tuesday he expects demand for the company’s care and grooming products to increase in the coming months, as the intensity of the coronavirus pandemic wanes. “I would guess by the time we get to late spring, summer in our categories, you’re going
In this article MRNA JNJ PFE Syringes and a box of Johnson & Johnson vaccine. Paul Hennessy | SOPA Images | LightRocket | Getty Images The only Johnson & Johnson facility currently making usable batches of the company’s single-shot coronavirus vaccine has temporarily halted its production, a new report said Tuesday. The Netherlands-based plant has
In this article PTON John Foley, CEO of Peloton. Adam Jeffery | CNBC Peloton plans to replace CEO John Foley and cut 2,800 jobs as it hopes to restructure its business amid waning demand, according to a report in the Wall Street Journal. Barry McCarthy, the former chief financial officer of Spotify and Netflix, will
In this article TSLA Employees work at the Tesla Gigafactory in Shanghai, east China, Nov. 20, 2020. U.S. electric car company Tesla in 2019 built its first Gigafactory outside the United States in the new Lingang area, with a designed annual production capacity of 500,000 units. Ding Ting | Xinhua News Agency | Getty Images
In this article T Keanu Reeves and Carrie-Anne Moss star in Warner Bros.’ “The Matrix Resurrections.” Warner Bros. Village Roadshow Entertainment, a co-producer of “The Matrix Resurrections,” has filed a lawsuit against Warner Bros., alleging the studio parent’s decision to release the sequel on HBO Max and in theaters at the same time was a
China’s strict zero-Covid approach won’t be able to limit the spread of the highly infectious omicron variant, according to a U.S. epidemiologist. Beijing may not be able to use the same “authoritarian approaches” against omicron because the variant is unlike the others, Dr. Michael Osterholm, director of the Center for Infectious Disease Research and Policy,
In this article F Bronco SUVs in production at Ford’s Michigan Assembly plant, June 14, 2021. Michael Wayland | CNBC DETROIT – Ford Motor is cutting production next week of several key products due to an ongoing global shortage of semiconductor chips. The automaker on Friday confirmed production downtime next week for the Ford Bronco
Ballboys wear gloves while handling warmup basketballs as a precautionary measure prior to an NBA game between the Charlotte Hornets and Atlanta Hawks at State Farm Arena on March 9, 2020 in Atlanta, Georgia. Todd Kirkland | Getty Images U.S. stocks made a ton of money for investors in a decade-long bull market that lasted
The Hogettes, Washington Redskins fans, stand in a line as they watch Hall of Fame offensive lineman Russ Grim, shown on the monitor, accept his ring during halftime of the Redskins/Colts game at FedEx Field on October 17, 2010 in Landover, Md. Ricky Carioti | The Washington Post | Getty Images Doug Williams looked a
In this article DAL Flight attendants hand out refreshments to a packed Delta Airlines flight traveling from Ronald Regan National Airport to MinneapolisSaint Paul International Airport on Friday, May 21, 2021. Kent Nishimura | Los Angeles Times | Getty Images Delta Air Lines‘ CEO Ed Bastian asked the U.S. Department of Justice to put convicted
In this article MGM STZ DGE-GB An employee pours tequila into the popular Mountain Dew Baja Blast frozen drink at the new Taco Bell Cantina in Brookline, MA. John Tlumacki | Boston Globe | Getty Images Tequila could soon overtake vodka as America’s favorite liquor, fueled by consumers’ desire for pricey bottles of agave-based spirits.
Loading chart… Rivian: “No, I don’t think [it’s going to be the next Tesla]. I think that it’s going to be a very unsexy truck maker. I have to tell you, Ford has to sell its stock [in Rivian]. Why don’t we buy GM? I mean, [GM CEO] Mary Barra is doing a good job.
Columbia Sportswear‘s strong fourth-quarter profitability was helped by consumers starting their holiday shopping earlier than years past, CEO Tim Boyle told CNBC’s Jim Cramer on Friday. Shares of the outdoor-focused apparel maker jumped 5% Friday, after the company a day earlier reported a 64% year-over-year jump in net income in Q4 and issued robust full-year guidance. “In
A healthcare worker fills a syringe with Moderna COVID-19 vaccine. Ben Hasty | MediaNews Group | Getty Images For months, the authorization of Moderna’s Covid-19 vaccine for teenagers has been on hold as the Food and Drug Administration reviews the risk of a rare but serious form of heart inflammation that’s affected mostly young men
Qualcomm CEO Cristiano Amon told CNBC’s Jim Cramer on Thursday that the chipmaker views the so-called metaverse as much more than just the next frontier for social media. “The metaverse is going to develop as a number of different opportunities,” Amon said in an interview on “Mad Money,” appearing one day after the company’s posted
Rattler Midstream: “That group is red hot. The mastere limited partners. This thing yields 8%. I think it’s money good. I think it’s great. … Buy.” Nextdoor: “It’s a great advertising vehicle, but it was a SPAC. It was a SPAC and therefore, it’s no good. I mean, honest to God. If it’s a SPAC,
In this article DGE-GB ABI-BE Anna Elias | Moment | Getty Images Premixed cocktails were the fastest-growing spirits category in 2021, stealing share from beer and hard seltzer. Sales of premixed cocktails surged 42.3% to $1.6 billion compared with a year earlier, according to the Distilled Spirits Council of the U.S. Ready-to-drink cocktails were second
Boxed: “We are being very harsh on companies that came public via SPAC, even ones we like, so I’m just going to have to say I’m withholding.” Graphic Packaging: “I happen to like the packaging business. It’s where I’m from, and they make noncyclical packaging, which is really pretty good.” Sign up now for the CNBC
Waste Management CEO and President Jim Fish on Wednesday expressed confidence in the company’s 2022 prospects, despite the continued presence of inflationary pressures. “Our guidance that we just gave for 2022 is pretty darned robust,” Fish said in an interview on “Mad Money,” referring to projected organic revenue growth of 6% and adjusted operating EBITDA