CNBC’s Jim Cramer said Thursday he’s still looking for the first sign of a recession, but that’s all everyone seems to be talking about. Unless you were fired from a technology company, or you work at Party City or Bed Bath & Beyond, “you’re probably doing pretty damn well right now,” Cramer said. CNBC’s Jim … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 29, 2023. Brendan Mcdermid | Reuters U.S. stock futures were flat Thursday night. Dow Jones Industrial Average futures added 14 points, or 0.04%. S&P 500 futures rose 0.09%, while Nasdaq 100 futures rose 0.05%. The Dow gained … Read more
Virgin Orbit is ceasing operations “for the foreseeable future” after failing to secure a funding lifeline, CEO Dan Hart told employees at an all-hands meeting on Thursday. The company will lay off about 100 employees, according to audio from the 5 p.m. ET meeting obtained by CNBC. Shareholders poured out of the stock during extended … Read more
Ford has resumed full production of the popular F-150 Lightning electric pickup. Production was halted in February after a battery in one of the newly completed EV trucks caught fire. Ford also said it has raised prices again for certain versions of the Lightning. Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center … Read more
President Joe Biden urged federal regulators to take a series of measures to protect the banking system following the collapse of Silicon Valley Bank and Signature Bank. Biden said any reforms he is pursuing can be achieved under existing law. U.S. President Joe Biden speaks at the Summit for Democracy’s virtual plenary on “Democracy Delivering … Read more
On February 20, 2023 in San Francisco, California, a for sale sign is in front of a house that is for sale. Justin Sullivan | Getty Images It may seem like a good time to list your home for sale. Buyers are returning to the market, mortgage rates have fallen to recent levels, and there … Read more
Under Armor and Steph Curry have reached a new long-term deal. Curry, a four-time NBA champion, will take on a new role as president of the Curry brand. Under Armor and Curry build on a pre-existing 10-year relationship. Under Armor and Steph Curry enter into a long-term partnership. Source: Under Armour NBA superstar Steph Curry … Read more
34 minutes ago Iberdrola generates no unexpected profit in Spain, says executive chairman Ignacio Galán, executive chairman of Iberdrola, discusses windfall tax issues in Spain, says the company will defend shareholder interests and shares his expectations for investments in Europe and the US. An hour ago The Polish PGE expects nuclear energy to provide flexibility … Read more
Initial claims for unemployment insurance rose last week, but remained generally low in a tight labor market. Jobless claims for the week ended March 25 totaled 198,000, up 7,000 from the prior period and slightly above the estimate of 195,000, the Labor Department reported Thursday. While the number was slightly higher than expected, the total … Read more
U.S. Secretary of Transportation Pete Buttigieg looks at an EVgo charging station during an electric vehicle event outside the Department of Transportation on October 20, 2021 in Washington, DC. Drew Anger | Getty Images EV charging network operator EVgo on Thursday reported fourth-quarter revenue that beat Wall Street expectations and posted a smaller-than-expected loss as … Read more
