In this article JWN Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Nordstrom on Tuesday reported better-than-expected profits and sales for the holiday quarter, prompting the retailer to offer an optimistic outlook for the coming year in spite of ongoing supply chain
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In this article WKHS Workhorse C-Series Courtesy: Workhorse Struggling electric vehicle start-up Workhorse Group expects to build roughly 250 vehicles in 2022 after completing a product-roadmap overhaul, the company said Tuesday. Workhorse has struggled for several years to get market traction for its electric commercial vans. The company’s C-1000, designed for so-called “last mile”
In this article GM RIDE The Lordstown Motors factory is where GM once operated, in Lordstown, Ohio, on October 16, 2020. Megan Jelinger | AFP | Getty Images General Motors sold its stake in Lordstown Motors during the fourth quarter following an undisclosed lock-up period, the Detroit automaker confirmed Tuesday. GM owned 7.5 million shares
Alfa Group Supervisory Board Chairman Mikhail Fridman attends the 2017 Atlases Russian Business Forum at the Crocus City Hall. Artyom Geodakyan | Tass | Getty Images An investment fund backed by Russian oligarchs that have been sanctioned by the European Union following the invasion of Ukraine has ties to Teneo, an influential corporate advisory firm
In this article TGT APA WFC FL KR LCID A shopping cart is seen in a Target store in the Brooklyn borough of New York, U.S., November 14, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Target – Shares of the retailer jumped 11% after the company reported 9% sales
Oil pumping jacks, also known as “nodding donkeys”, in an oilfield near Neftekamsk, in the Republic of Bashkortostan, Russia, on Thursday, Nov. 19, 2020. Andrewy Rudakov | Bloomberg | Getty Images Oil prices surged Tuesday, with U.S. crude hitting its highest level since July 2014 as Russia bears down on Ukraine’s capital. Prices first topped
In this article DPZ An employee carries an order for a customer at a Domino’s Pizza restaurant in Detroit. Sean Proctor | Bloomberg | Getty Images Domino’s Pizza on Tuesday reported quarterly earnings and revenue that fell short of analysts’ expectations. The pizza chain also announced that CEO Ritch Allison plans to retire. Domino’s Chief Operating Officer
Chris Feuell, CEO of Chrysler brand of Stellantis, introduces the all-electric Chrysler Airflow Concept vehicle during a Stellantis press event at CES 2022 at the Las Vegas Convention Center on January 5, 2022 in Las Vegas, Nevada. Alex Wong | Getty Images Stellantis, formerly known as Fiat Chrysler, intends to double its revenue to 300
In this article BR MUS BLK Laurence “Larry” Fink, chairman and chief executive officer of BlackRock Inc., pauses as he speaks during the BlackRock Asia Media Forum in Hong Kong, China. Justin Chin | Bloomberg | Getty Images It’s annual meeting season for corporations and there is a major change occurring in the way shareholders
The Federal Reserve faces more pressure to increase interest rates as Russia’s invasion of Ukraine hinders a market already hit hard by inflation, CNBC’s Jim Cramer said Monday. “The war over Ukraine just makes the inflation situation worse. A shortage in oil is already leading to higher prices at the pump,” the “Mad Money” host
Investors should be a little more patient before going all-in on the unsettled stock market, CNBC’s Jim Cramer said Monday, summarizing the latest takeaways from technical analyst Mark Sebastian. Sebastian looked at the trajectory of the VIX, Wall Street’s so-called fear gauge, and the S&P 500 in order to help make sense of heightened volatility
CNBC’s Jim Cramer on Monday offered tips to investors for how to make smart trading decisions as skyrocketing inflation and Russia’s invasion of Ukraine roil the stock market. The “Mad Money” host has a three-pronged approach for investors to cut through the confusion. Don’t attribute every stock movement to Russia’s invasion: “When you see stocks