Ford CEO Jim Farley takes off his mask at the Ford Built for America event at Fords Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan. Nic Antaya | Getty Images DETROIT — Shares of Ford Motor hit a new 52-week high for a third consecutive day Thursday, putting the stock on pace for
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A customer purchases Powerball lottery tickets for a $700 million jackpot at a newsstand in New York City, August 23, 2017. Brendan McDermid | Reuters A single Powerball ticket purchased in Maryland is worth $731.1 million. After growing for four months with no jackpot winner, the top prize — the sixth-largest in lottery history —
Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. Aly Song | Reuters BEIJING — A Tesla Model 3 exploded in an underground residential parking garage in Shanghai on Tuesday, Chinese media reported. No people were injured in the fire, Tesla said in a
Trevor Williams | DigitalVision | Getty Images As some stocks have climbed to record highs, you may have been tempted to double down on a favorite pick, like Tesla or the latest initial public offering. But at least one money expert is sounding the alarm that some investors may be overexposed to individual stocks. Christine
James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, on Thursday, May 30, 2019. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley is set to report fourth-quarter earnings before the opening bell on Wednesday. Here’s what Wall Street expects: Earnings: $1.27 a share, 2.4%
Former Homeland Security secretary Janet Napolitano told CNBC’s “The News with Shepard Smith” that the storming of the Capitol on Jan. 6 was “incited” by President Donald Trump, and criticized him for fueling the “Big Lie” that the Nov. 3 election was stolen from him. “He hasn’t said what would be the most helpful, which
Chewy CEO Sumit Singh is seen outside the New York Stock Exchange (NYSE) ahead of the Chewy Inc. IPO in New York, June 14, 2019. Andrew Kelly | Reuters Chewy CEO Sumit Singh said Tuesday that calls to its customer service line prompted the online pet supplies retailer to accelerate its plans to launch a
Brian Moynihan, Bank of America, speaking at the WEF at Davos, January 21, 2020 CNBC Bank of America is scheduled to report fourth-quarter earnings before the opening bell on Tuesday. Here’s what Wall Street expects: Earnings: 55 cents a share, 26% lower than the year-earlier period, according to Refinitiv. Revenue: $20.7 billion, 8.1% lower than
President-elect Joe Biden’s Covid Advisory Board member Dr. Celine Gounder slammed the Trump administration’s piecemeal Covid response as some states across the U.S. scramble to get the vaccine doses they need. “I think we’ve already had too much of a patchwork response across the states,” Gounder said in a Monday evening interview on “The News
New York Governor Andrew Cuomo delivers remarks on the coronavirus disease (COVID-19) at the Riverside Church in Manhattan, New York City, U.S., November 15, 2020. Andrew Kelly | Reuters New York Gov. Andrew Cuomo asked Pfizer CEO Albert Bourla Monday for the ability to buy Covid-19 vaccine doses directly from the company. The request comes
Healthcare workers administer the COVID-19 vaccine to residents living in the Jackson Heights neighborhood at St. Johns Missionary Baptist Church on January 10, 2021 in Tampa, Florida. Octavio Jones | Getty Images LONDON — The head of the World Health Organization said Monday the equitable distribution of coronavirus vaccines is at “serious risk.” Warning of
Employees working on a dry-type transformer production line at an electrical production factory in Haian, in eastern China’s Jiangsu province on Jan. 4, 2021. Stringer | AFP | Getty Images BEIJING — China is set on Monday to release official GDP figures for 2020, a year in which the world struggled to contain the coronavirus
Matt Ryan (2) of the Falcons is chased by Ndamukong Suh (93) of the Bucs during the regular season game between the Atlanta Falcons and the Tampa Bay Buccaneers on January 03, 2021 at Raymond James Stadium in Tampa, Florida. Cliff Welch | Icon Sportswire | Getty Images National Football League lineman Ndamukong Suh tries
Several Democratic governors are criticizing the Trump administration for apparently misleading public health officials about holding a stockpile of Covid-19 vaccines in reserve. Health and Human Services Secretary Alex Azar said on Tuesday that the government would begin releasing doses of vaccine that were being held in “physical reserve” to ensure enough supply for second
Porch Group, an online home services marketplace, hopes to make the relocation process a little less arduous for homebuyers and renters with new acquisitions seeking to expand its offerings. The Seattle-based software maker, which began trading in late December via a blank check shell company, announced Thursday the acquisition of four businesses that it projects
Apple chief executive Tim Cook interacts with Year 2 pupils in a classroom, during a visit to Woodberry Down Community Primary School in Harringay, north London, to view how the school, which is part of the New Wave Federation group of schools, had incorporated Apple’s iPad and related software into lesson plans. Yui Mok |
Health and Human Services Secretary, Alex Azar at the White House on August 23, 2020 in Washington, DC. Pete Marovich | Getty Images Health and Human Services Secretary Alex Azar is resigning on Jan 20, NBC News confirmed on Friday. In his resignation letter dated Jan. 12, Azar mentions the riot at the U.S. Capitol
A patient arrives at the 28 de Agosto Hospital in Manaus, Amazon State, Brazil, on January 14, 2021, amid the novel coronavirus, COVID-19, pandemic. Manaus is facing a shortage of oxygen supplies and bed space as the city has been overrun by a second surge in COVID-19 cases and deaths. MICHAEL DANTAS | AFP |
A usually busy Main Street in Livingston , Montana after Governor Steve Bullock order the closing of restaurants, bars, and theaters on March 20, 2020 in response to the coronavirus pandemic. William Campbell | Corbis via Getty Images As President-elect Joe Biden lays out his sweeping $1.9 trillion economic plan and response to the pandemic,
A health worker shows a dose of China’s Sinopharm Covid-19 vaccine at a vaccination center in the Jordanian capital Amman on January 13, 2021. Khalil Mazraawi | AFP | Getty Images BEIJING — Sinopharm, a state-owned giant in China’s coronavirus vaccine development, announced its chairman left the board Tuesday. The company cited personal reasons for
A Twitter logo is seen on a computer screen in this photo illustration on October 30, 2017. NurPhoto | Getty Images As social media comes under increasing scrutiny, Twitter’s efforts to cultivate a diverse and balanced platform will come as much from its employment agenda as its user policy, the company’s Asia-Pacific head told CNBC.
A customer exits a Petco Animal Supplies Inc. store in Clark, New Jersey. Ron Antonelli | Bloomberg | Getty Images Shares of Petco Health and Wellness Company shot up by about 50% in their debut on the New York Stock Exchange on Thursday, reflecting Wall Street’s appetite for investing in the industry during the pandemic-fueled
While interest in getting vaccinated for Covid-19 might vary, the desire to travel largely does not. A study released by Hilton last October indicated that 95% of Americans miss traveling. But those who either can’t or won’t take a Covid vaccination may find themselves shut out of some routine travel experiences, such as flying, cruising
A women is seen in Kuala Lumpur with a Malaysia flag as a background. SOPA Images | Getty SINGAPORE — Several economists slashed their 2021 growth forecasts for Malaysia after the country announced stricter measures to contain a recent surge in Covid-19 cases. The Malaysian government imposed an inter-state travel ban nationwide and a lockdown
Healthcare workers administer free Covid-19 tests to people in their cars in the parking lot of the Columbus West Family Health and Wellness Center in Columbus, Ohio on November 19, 2020. Stephen Zenner | AFP | Getty Images Researchers in Ohio said Wednesday that they’ve discovered two new variants of the coronavirus that likely originated
Customers view a BYD Han electric vehicle at a shopping mall on July 12, 2020 in Hangzhou, China. Long Wei | Visual China Group | Getty Images BEIJING — As China’s electric car market heats up, Tesla and BYD are among the winners, data for 2020 sales show. Less than six months after Chinese automaker
Investment firms are making a habit of raising stock price targets and the market appears to be confirming the calls being made by analysts, CNBC’s Jim Cramer said Tuesday. “Almost every single time a Wall Street analyst says a stock’s going higher, perhaps far higher, the market proves them right. There are just that many
Renderings from GM of the “Cadillac halo portfolio” that includes concepts of an autonomous shuttle (right) and an electric vertical take-off and landing (eVTOL) aircraft, also known as a flying vehicle. Screenshot via GM Shares of General Motors hit a record high in intraday trading Tuesday after the automaker unveiled a new electric van and
The corporate logo of Chugai Pharmaceutical Co. is displayed atop the head office of its Chugai Pharma Manufacturing Co. unit in Tokyo, Japan, on Monday, Aug. 18, 2014. Kiyoshi Ota | Bloomberg via Getty Images SINGAPORE — Shares of Japanese drugmaker Chugai Pharmaceutical surged in Tuesday trade after the U.K. government found that its drug
Assembly line of engines for the Ford KA 1.0 3 cylinders at the Ford Engines plant in Camaçari, Brazil. Paulo Fridman | Corbis News | Getty Images Ford Motor is ending vehicle production in Brazil under a restructuring of its South American operations. The actions, including closing three plants, are expected to result in $4.1
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