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Ford Motor and Volkswagen officially announced the expansion of their global “collaboration” Friday morning, adding autonomous and electrified vehicles to the list of projects that began with January’s announcement of a joint venture covering commercial vehicles. The expanded alliance now will add two of the most significant, albeit costly, technologies expected to dramatically reshape the
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A docker works in front of a container ship at Qingdao Port in Qingdao, Shandong Province of China. ChinaFotoPress | Getty Images China’s dollar-denominated exports fell 1.3% in June from a year ago while imports fell 7.3% in the same period, the country’s customs department reported on Friday. Economists polled by Reuters had expected China’s
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Shares of FedEx have been tough to own of late, CNBC Mad Money host Jim Cramer said Thursday, but he pointed to an optimistic sign in its recent stock activity. The stock mustered a rally after the company reported mixed quarterly results late last month. On the conference call, management told shareholders that the global economic
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Amgen: “I am not going to recommend this stock here.” Sarepta Therapeutics: “I think they’re brilliant. I think they’ve got the right combination. I think that a lot of people doubted them. I think those people are wrong.” Wingstop: “Wingstop is one terrific stock.” Regenxbio: “I will have to do some homework on that.” Visa:
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Ford and Volkswagen plan to announce Friday new joint ventures on autonomous and electric vehicles, two technologies considered critical to the future of the auto industry. The deal calls for “billions of dollars” in investments and will allow the companies to share both intellectual property and hardware, according to company executives with first-hand knowledge of
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Evan Spiegel, CEO and co-founder of Snap Inc. Adam Galica | CNBC Shares of Snapchat parent company Snap rose on Thursday after Bank of America said a recent spike in app downloads will drive better revenue results for the company’s upcoming second-quarter earnings. “In May, Snap’s ‘gender-face-swap’ filter went viral and SnapKit app ‘Yolo’ reached
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Amarin Corp.: “You know, it’s pretty good. … I say, you know what, speculative but” buy, buy, buy. MPLX: “These pipeline compnies have been so painful, but they’re actually moving up. … I am literally going to stick my neck out … and say it’s O.K. to own.” Zynerba Pharmaceuticals: “Very interesting, but you know
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Democratic presidential candidate Senator Elizabeth Warren (D-MA) speaks at the Iowa Democratic Party’s Hall of Fame Dinner on June 9, 2019 in Cedar Rapids, Iowa. Scott Olson | Getty Images Presidential candidate Sen. Elizabeth Warren on Wednesday re-introduced legislation that would force companies to disclose their exposure to climate-related risks. Warren’s Climate Risk Disclosure Act,
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The Wallich Residence is located within the Tanjong Pagar Centre (second from right), Singapore’s tallest building. Everett Rosenfeld | CNBC British technology firm founder James Dyson and his wife have bought a luxury penthouse in Singapore for a record 73.8 million Singapore dollars ($54.2 million), according to The Business Times newspaper on Wednesday. The privately
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Amazon has a track record of disrupting other industries, but CNBC’s Jim Cramer thinks the e-commerce giant shuold be more worried about a top dog in the world of beauty. That company is Ulta Beauty, the cosmetics and skincare store chain that has a $20.5 billion market capitalization. “I think Amazon should be more concerned than
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Gail Koziara Boudreaux attends The Women’s Sports Foundation’s 39th Annual Salute To Women In Sports And The Girls They Inspire Awards Gala on October 17, 2018 in New York City. (Photo by Michael Loccisano/Getty Images for Women’s Sports Foundation) Michael Loccisano | Getty Images Entertainment | Getty Images Health insurance isn’t exactly known for its
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In this photo taken Sept. 24, 2018, Adrian Perez undergoes dialysis at a DaVita Kidney Care clinic in Sacramento, Calif. Rich Pedroncelli | AP Check out the companies making headlines in midday trading: DaVita— Shares of healthcare and dialysis company DaVita tanked 7% after a Politico report said the Trump administration will announce this week
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Virgin Galactic expects to be profitable two years after it begins publicly-trading, with the company aiming to fly tourists to the edge of space for the first time within a year. Richard Branson, founder of Virgin Group, and venture capitalist Chamath Palihapitiya told CNBC’s “Squawk Box” on Tuesday that Virgin Galactic is projected to become profitable
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