In this article F TSLA Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters Ford Motor plans to increase its production capacity of electric vehicles to 600,000 units globally by 2023, which CEO Jim Farley expects would make the company the second-largest
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A Tesla Model X at a charging station in Beijing, China. Meghan Reeder | CNBC Lexus was rated the most reliable automaker in Consumer Reports’ 2021 Auto Reliability Report, followed by Mazda and Toyota, while Jeep, Tesla, and Lincoln were at the bottom of the list. The report, which was released Thursday, focuses on what
Loading chart… CSX: “CSX is good. I will tell you that my charitable trust owns Union Pacific. … Union Pacific, I think, is a better company to own at this stage in the cycle.” Loading chart… Canopy Growth: “It likes to go down. I think that’s the ticket. It likes to go down. I like
A monoclonal antibody Covid treatment from Vir Biotechnology and GlaxoSmithKline “stands up well” to all variants of the virus, Vir President and CEO George Scangos told CNBC’s “Power Lunch” on Wednesday. Scangos’ comments came after the two companies announced contracts to sell $1 billion worth of their antibody, sotrovimab, to the U.S. government. The Food
istocksdaily | iStock | Getty Images Business travel spending worldwide will likely jump more than 37% next year to over $1 trillion but the normally lucrative industry won’t fully recover until 2024, according new industry forecast released Wednesday. Surges of Covid cases and new variants, uneven vaccination rates and supply chain problems hurt this year’s
Police officers monitor compliance with the lockdown in Innsbruck during the first day of a nationwide lockdown for people not yet vaccinated against the Covid-19. Jan Hetfleisch | Getty Images Austria has imposed fresh lockdown measures on around 2 million unvaccinated people, with individuals facing fines if they fail to comply with the rules. Those
Richmond Township, Pemployee at Beck Tree Farms, carries a wrapped tree. MediaNews Group | Reading Eagle | Getty Images Want to buy a Christmas tree this year? You might have better luck asking Santa to bring you one. Christmas tree vendors say they will have fewer trees available for sale this holiday season due to
U.S. shoppers accelerated their level of spending in October even as the prices of goods jumped at their fastest pace since the 1990s, the Commerce Department reported Tuesday. Retail sales, a measure of how much consumers spent on goods ranging across categories from autos to sporting goods and food and gas, increased 1.7% for October,
Online streamers prepare for the annual Double 11 online shopping festival at Lingu e-commerce industry park on October 27, 2021 in Linyi, Shandong Province of China. Xu Chuanbao | Visual China Group | Getty Images BEIJING — Even as China’s newly rich internet celebrities keep smashing livestreaming sales records, businesses are finding other strategies that
Pedestrians carry Macy’s shopping bags in San Francisco, California, U.S., on Thursday, Sept. 16, 2021. David Paul Morris | Bloomberg | Getty Images Economists predict a boom in October’s retail sales, aided by rising gasoline prices and early holiday shopping. Retail sales are expected to rise 1.5%, up from September’s 0.7% gain, according to economists
In this article QSR-CA Firehouse Subs Laura Kalcheff | Moment Mobile | Getty Images Burger King parent Restaurant Brands International announced Monday it bought Firehouse Subs for $1 billion. Shares of the restaurant conglomerate rose 2% in premarket trading on the news. The stock has fallen 4% this year, giving it a market value of
The air travel industry is “not quite out of the woods” — but the future could be brighter than the last 20 months, says Paul Griffiths, the chief executive of Dubai Airports. “We have room for optimism that the future, hopefully, is much brighter than the last 20 months,” he told CNBC’s Dan Murphy on
Logan Roy, played by Brian Cox, at his daughter’s wedding reception on season 1 of HBO’s Succession. Colin Hutton | HBO Actors often don’t like to watch their own work once it is out in the public, but no one finds it more difficult to watch HBO’s “Succession” than those who have actually lived the life
Shaquille O’Neal Rich Fury | Getty Images Entertainment | Getty Images Shaquille O’Neal once signed the richest contract in sports history and then went on to win four NBA titles. These days Shaq has a new business he’s trying to conquer: chicken sandwiches. O’Neal, who was inducted into the NBA Hall of Fame in 2016,
Demonstrators hold signs during a protest against Covid-19 mandates outside the General Motors (GM) Tech Center in Warren, Michigan, U.S., on Wednesday, Nov. 3, 2021. Mathew Hatcher | Bloomberg | Getty Images A federal appeals court has called President Joe Biden’s vaccine and testing requirements for private businesses “fatally flawed” and “staggeringly overbroad,” arguing that
In this article LUV A baggage handler pushes a bag near a Southwest Airlines airplane at Hollywood Burbank Airport in Burbank, California, October 10, 2021. Robyn Beck | AFP | Getty Images Southwest Airlines on Saturday offered its flight attendants new incentives aimed at avoiding more flight cancellations, particularly over the peak holiday period, amid
In this article LMT Karim Sahib | AFP | Getty Images DUBAI, United Arab Emirates — Dubai’s last international air show, in November of 2019, feels like another era. Just a few months before the Covid-19 pandemic turned travel upside down, the highly-attended biennial aviation event celebrated an industry that looks very different today. But
Blackstone Group office in Luxembourg. Geert Vanden Wijngaert | Bloomberg | Getty Images Blackstone: “We know Blackstone’s had a giant run. You can actually say it’s been 100 points of recommending the stock. They’re a very good company that I think can go even higher still.” Nio: “We don’t need Nio. We’ve got Tesla. We’ve
Portland Trail Blazers President and CEO Chris McGowan speaks to reporters. Sam Forencich | NBAE | Getty Images Portland Trail Blazers executive Chris McGowan is resigning as CEO, the team announced on Friday. The Blazers said chief commercial officer Dewayne Hankins would take over the role of president of business operations. Paul Allen’s estate owns
A Mercedes-Benz super lorry leaves the Daimler factory in Sindelfingen, Germany, 08 December 2015. Daniel Maurer | Getty Images Daimler Truck CEO Martin Daum revealed Friday that he’s more worried about the global semiconductor shortage than he is about the economic impact of the coronavirus pandemic. “I’m more concerned about semiconductors than Covid at the