President Joe Biden during remarks on the American Jobs Plan in the South Court Auditorium at the Eisenhower Executive Office Building on April 7, 2021. Demetrius Freeman | The Washington Post | Getty Images President Joe Biden on Sunday declared the settlement between two Korean battery makers a victory for U.S. efforts to build a strong … Read more
Line workers work on the chassis of full-size General Motors pickup trucks at the Flint Assembly plant on June 12, 2019 in Flint, Michigan. JEFF KOWALSKY / AFP / Getty Images General Motors is cutting overtime production this weekend at two U.S. assembly plants that make its highly profitable full-size pickups due to the ongoing … Read more
President Joe Biden holds a chip as he speaks prior to signing an executive order aimed at addressing a global semiconductor shortage, in the State Dining Room at the White House in Washington, U.S., February 24, 2021. Jonathan Ernst | Reuters Chief executives from companies including Google parent Alphabet, AT&T, Intel and General Motors are … Read more
A United Auto Worker member leaves the Fiat Chrysler Automobiles Warren Truck Plant after the first work shift on May 18, 2020 in Warren, Michigan. Gregory Shamus | Getty Images A global shortage of semiconductor chips is forcing Stellantis to temporally close five North American plants starting next week, the company confirmed Friday afternoon. The … Read more
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike came in 14 cents a share above estimates, with quarterly profit of 90 cents per share. The athletic footwear and apparel company’s revenue came in below analysts’ projections, however, and its full-year revenue outlook was also shy of estimates. … Read more
Traders on the floor of the New York Stock Exchange Source: NYSE Bonds could be volatile in the week ahead. If yields go higher, that could make it difficult for big tech and other growth stocks to gain traction. Rising bond yields have been challenging growth stocks. Names like Apple, Tesla, and Amazon have been … Read more
Daniel Niles John Chiala | CNBC Hedge fund manager Dan Niles told CNBC on Wednesday he likes shares of Magna International as an attractively priced way to get exposure to the buzzy electric vehicle market. EVs have been in the spotlight on Wall Street in recent months as a flurry of startups go public through … Read more
The stock market in recent months became a fight between the tomorrow trade and the live-for-today bid, and in the last week it turned messy. The stocks valued on promises for a transformed future have been sold hard in favor of those poised to thrive in today’s spring-loaded economic revival. Yet after last week’s jagged … Read more
CNBC’s Jim Cramer on Monday pulled back the curtain on five under-the-radar reopening plays as the stock market anticipates a resurgence in the American economy, turning his attention from the most talked-about recovery stocks. The reopening thesis was furthered by federal authorization of a coronavirus vaccine from Johnson & Johnson, the third inoculation to be … Read more
FedEx and General Motors were among several companies whose operations were stalled by bone-chilling weather that has caused power outages and gas shortages in parts of the United States. A rare deep freeze swept the southern North America over the three-day Presidents Day holiday weekend, leaving millions without power and sending front-month gas futures to … Read more