Jay Leno says, ‘the electric car is here to stay,’ despite Chevy Bolt recalls
Jay Leno gave CNBC’s “The News with Shepard Smith” an optimistic outlook when it comes to the future of electric cars, despite the latest warning from General Motors to owners of some Chevy Bolts, advising them not to park within 50...
Retail sales post surprise gain as consumers show strength despite delta fears
Retail sales posted a surprise gain in August despite fears that escalating Covid cases and supply chain issues would hold back consumers, the Census Bureau reported Thursday. Sales increased 0.7% for the month against the Dow Jones estimate of a...
Stocks making the biggest moves premarket: Beyond Meat, Cisco, Las Vegas Sands and more
Check out the companies making headlines before the bell: Beyond Meat (BYND) — Shares of the alternative-meat maker dipped 2.4% in premarket trading after Piper Sandler downgraded the company to an underweight rating. “Beyond is an early leader in plant-based...
Stock futures rise slightly following S&P 500’s best day in more than two weeks
A trader works at the New York Stock Exchange (NYSE), August 19, 2021. Andrew Kelly | Reuters Stock futures edged up in overnight trading on Wednesday following a rebound on Wall Street as the market tried to avert the seasonally...
Huawei says it’s hiring more scientists in the face of U.S. sanctions
Huawei founder Ren Zhengfei attends a panel discussion at the company headquarters in Shenzhen, Guangdong province, China June 17, 2019. Aly Song | Reuters BEIJING – Chinese telecommunications giant Huawei said it is expanding its team of scientists even as...
Stocks making the biggest moves midday: Oracle, General Electric, Southwest Airlines and more
An exterior view of the Oracle Field Office at Wilson Boulevard in Arlington, Virginia, October 18, 2019. Tom Brenner | Reuters Check out the companies making headlines in midday trading. Oracle – The tech company’s shares slid more than 3%...
Consumer prices post smaller-than-expected increase in August
Prices for an array of consumer goods rose less than expected in August in a sign that inflation may be starting to cool, the Labor Department reported Tuesday. The consumer price index, which measures a basket of common products as...
Tuesday’s CPI report likely to show inflation continuing to run hot, putting the Fed in tough spot
A customer wearing a protective mask shops inside an Albertsons grocery store in San Diego, California, June 22, 2020. Bing Guan | Bloomberg | Getty Images Tuesday’s report of the consumer price index could set the tone for markets ahead...
Stock futures inch higher after Dow, S&P snap 5-day losing streak
U.S. stock index futures were modestly higher during overnight trading on Monday, after the S&P 500 finished in the green, snapping a five-day losing streak. Futures contracts tied to the Dow Jones Industrial Average rose 75 points. S&P 500 futures...
China’s booming electric car industry is much bigger than just Nio and Xpeng
SAIC-GM-Wuling Automobile Co. electric vehicles are plugged in at charging stations at a roadside parking lot in Liuzhou, China, on Monday, May 17, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — While investors watched dramatic surges in the...