Note: SpaceX is producing the webcast for this event. [The livestream is slated to begin at 9 p.m. ET. Please refresh the page if the web player above is not visible.] SpaceX CEO Elon Musk is giving an update on Thursday evening about the next-generation rocket Starship, which has moved from the drawing board into
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Kellogg is planning to raise prices and increase productivity to offset the skyrocketing inflation it’s seeing for input costs, CEO Steve Cahillane told CNBC on Thursday. “As we enter 2022, we are still seeing double-digit cost inflation,” Cahillane said on “Squawk on the Street“ “We’re going to see the wraparound benefits of the pricing that
In this article PEP In this photo illustration PepsiCo products are shown on October 05, 2021 in Chicago, Illinois. Scott Olson | Getty Images PepsiCo on Thursday beat expectations for fiscal fourth-quarter earnings and revenue, but warned of cost pressures ahead from the rising price of transportation and packaging. Shares rose about 1% in premarket
In this article TSLA Transportation Secretary Pete Buttigieg on Wednesday recognized Tesla as a pioneer of electric vehicle manufacturing in the U.S. “We admire the range of American companies that have innovated, including Tesla, which did so much to make EVs possible in America,” Buttigieg said in an interview on CNBC’s “Squawk Box.” “Now it’s
In this article BKNG EXPE Idris Elba to star in Booking.com’s Super Bowl ad campaign. Courtesy: Booking.com Battered by the pandemic, the travel industry is looking to better days ahead, with Super Bowl ads and consumer giveaways aimed at coaxing travelers to book trips. Booking.com is reviving its 2013 Booking.yeah campaign in its first-ever commercial
In this article 7201.T-JP BMW-DE The chief operating officer of Nissan on Tuesday explained that his company has decided to move away from the development of new internal combustion engines in Europe once a tougher set of emissions standards, known as Euro 7, come into force. During an interview with CNBC’s “Squawk Box Europe,” Ashwani
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
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