An employee works on a Ford Motor Co. Super Duty Truck engine at the Ford Kentucky Truck Plant in Louisville, Kentucky, Sept. 30, 2016. Luke Sharrett | Bloomberg | Getty Images Ford Motor is once again cutting production of highly profitable trucks and SUVs due to an ongoing global shortage of semiconductor chips that has
Maand: maart 2022
In this article VZ Verizon Communications CEO Hans Vestberg painted an optimistic future picture Thursday, telling CNBC’s Jim Cramer the telecom giant has “more growth opportunity than we’ve ever had before.” Vestberg’s comments in a “Mad Money” interview came after Verizon held an investor day earlier Thursday, during which it laid out its strategy for
In this article BAC YELP NFLX MSFT Big banks and corporations like Yelp, Netflix, and Microsoft have announced major investments in Black-owned banks. Yet Black banks are far from thriving. Americans who identify solely as Black or African American make up 13.4% of the U.S. population today, but less than 1% of all FDIC-insured banks
The rear of the home opens to a massive lawn framed by a moat-like water feature and a 400 ft. running track just below it. Marc Angeles A 105,000-square-foot Los Angeles mega-mansion that was listed for $295 million sold at a bankruptcy auction for $141 million, ending a 10-year-saga of soaring debt and failed dreams.
In this article GPS Sale signs are on display in the windows of a Gap retail location. Scott Mlyn | CNBC Gap Inc. shares climbed in after-hours trading Thursday after the apparel retailer offered an upbeat forecast for its profits in 2022, in spite of rising inflation and logistics challenges. Supply chain snarls still remain
If picking a college comes down to the financial bottom line, then an in-state pubic school is often the best deal. “In-state tuition is half to two-thirds lower than out-of-state,” said Mark Kantrowitz, author of “How to Appeal for More College Financial Aid.” Since the start of the pandemic, students and their families are increasingly
Nearly all of Afterpay’s customers repaid their installments in 2021, Block CFO Amrita Ahuja told CNBC on Thursday when questioned about the Cash App parent’s acquisition of the buy-now, pay-later service. “What I will say about losses, is that the team has actually been incredibly deliberate in managing consumer losses as an input rather than
Loading chart… Desktop Metal: “No, we don’t need to do that. We have HP Inc. on earlier this week, and they are going to own the 3D industry and make money, so you need to be in HP Inc. Symbol HPQ.” Loading chart… Canada Goose: “It still sells at too high a multiple, and I
The four-day workweek is gaining traction. It also has a lot of fans. A whopping 92% of U.S. workers are in favor of the shortened workweek, a survey from cloud-software vendor Qualtrics found. The findings come on the heels of an announcement by Belgium’s federal government that it will allow workers in the country’s public
Throughout the first year of the Biden administration, one tax policy theme was consistent. The President and Treasury Secretary Janet Yellen were focused on increasing the tax burden on U.S. companies—particularly multinational companies. As Secretary Yellen put it last year, “It is about making sure that governments have stable tax systems that raise sufficient revenue
CNBC’s Jim Cramer on Thursday advised investors to consider Procter & Gamble as a potential buy to weather the turbulent market. “I’ve been telling you to stick with the market even in the face of some frightening developments over the past few weeks, but you need some cash and you need some conservative stocks,” the
In this article XOM Darren Woods, Chairman and CEO, Exxon Mobil. Katie Kramer | CNBC U.S. oil surged to the highest level since 2008 on Thursday, and Exxon CEO Darren Woods said prices could be heading much higher. “If there is a significant supply disruption with respect to Russian crude … that will be very