In this article NKLA Follow your favorite stocksCREATE FREE ACCOUNT Trevor Milton CEO of Nikola Massimo Pinca | Reuters Trevor Milton, the founder and former chairman and CEO of electric heavy truck maker Nikola, was found guilty in federal court Friday of three of four counts of fraud relating to false statements he made to
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In this article ACI KR Follow your favorite stocksCREATE FREE ACCOUNT A customer shops for eggs in a Kroger grocery store on August 15, 2022 in Houston, Texas. Brandon Bell | Getty Images Kroger knows it needs the blessing of investors and federal regulators to pull off its $24.6 billion deal to buy rival grocery
In this article ACI KR Follow your favorite stocksCREATE FREE ACCOUNT Albertsons and Kroger supermarkets Bridget Bennett | Bloomberg | Getty Images; Brandon Bell | Getty Images Rival grocers Kroger and Albertsons on Friday announced plans to team up. The companies said Kroger agreed to buy Albertsons for $34.10 a share in a deal valued
In this article KR ACI Follow your favorite stocksCREATE FREE ACCOUNT Kroger could announce a deal to buy rival grocery company Albertsons this week, sources told CNBC’s David Faber. Shares of Albertsons jumped and were briefly halted Thursday morning after news that two companies are deep in talks. The stock was up more than 11%
In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT The Netflix logo is seen on a TV remote controller, in this illustration taken January 20, 2022. Dado Ruvic | Reuters Netflix will charge $6.99 per month for its new advertising-supported tier, which the company will roll out in the U.S. on Nov. 3. Netflix’s
In this article DAL Follow your favorite stocksCREATE FREE ACCOUNT A Delta Airlines Airbus A-350 aircraft, flight number DL40 bound for Los Angeles takes off from Kingsford Smith International Airport on July 26, 2021 in Sydney, Australia. James D. Morgan | Getty Images Delta Air Lines expects to post another profit in the last quarter
In this article AMC Follow your favorite stocksCREATE FREE ACCOUNT The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014. Richard Levine | Corbis News | Getty Images AMC Entertainment hit a new 52-week low Wednesday as the movie theater company contends with a massive debt load, dilution
In this article A4N1-FF Follow your favorite stocksCREATE FREE ACCOUNT Polestar 3 Courtesy: Polestar Swedish EV maker Polestar on Wednesday unveiled a new electric SUV that it’s counting on to expand its sales and presence in the United States. The new model, called the Polestar 3, is a five-passenger EV that the company describes as
An ‘open house’ flag is displayed outside a single family home on September 22, 2022 in Los Angeles, California. Allison Dinner | Getty Images Mortgage demand dropped again last week as rates climbed higher, but one type of loan is attracting borrowers. Adjustable-rate mortgages, or ARMs, which offer lower rates, are seeing renewed demand after
In this article AAL Follow your favorite stocksCREATE FREE ACCOUNT American Airlines jet parked at LaGuardia International Airport in New York. Adam Jeffery | CNBC American Airlines said Tuesday that its third-quarter sales likely came in better than it previously expected a sign that a strong summer helped the carrier cover a jump in costs.
JB Reed | Bloomberg | Getty Images It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate on the popular 30-year fixed mortgage climbed over 7% at the end of last week, according to Mortgage News Daily, and is expected to
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT Electric Chevrolet Silverado shown at the New York Auto Show, April, 2022. Scott Mlyn | CNBC General Motors on Tuesday said that it is forming a new business unit to offer stationary battery packs, solar panels, electric vehicle chargers and other energy-management products for homes
In this article GM F Follow your favorite stocksCREATE FREE ACCOUNT The General Motors world headquarters office is seen at Detroit’s Renaissance Center. Paul Hennessy | LightRocket | Getty Images DETROIT — Shares of General Motors and Ford Motor each tumbled Monday after a pair of UBS downgrades citing expectations for weakening demand amid inflationary
In this article RIVN Follow your favorite stocksCREATE FREE ACCOUNT Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Shares of Rivian Automotive opened sharply lower Monday after the electric vehicle maker said late Friday that it is recalling more than 12,000
Europe is facing a tough winter, as inflation and energy prices continue to rise. The continent also faces tough decisions following its scorching hot summer Heat waves in Europe broke records, sparked widespread wildfires and even damaged a busy runway at a London airport. Unlike the U.S., European countries don’t rely on air conditioning to
A child looks at a halloween costume on the rack. At the Target department store in Exeter Township Tuesday afternoon for a story on halloween costumes. Ben Hasty | Medianews Group | Getty Images In the past few weeks, Craig Cislo dug out the spray-painted tombstones from his attic, scoured websites for a giant animated
Red Bull Racing’s Dutch driver Max Verstappen poses on the podium with the trophy following his victory at the Formula One Japanese Grand Prix at Suzuka, Mie prefecture on Oct. 9, 2022. Toshifumi Kitamura | Afp | Getty Images Max Verstappen sealed his second Formula 1 world championship amid huge confusion after winning a chaotic,
In this article TSLA F GM Follow your favorite stocksCREATE FREE ACCOUNT Electric Chevrolet Silverado shown at the New York Auto Show, April, 2022. Scott Mlyn | CNBC When people think of electric vehicles, their minds typically jump to Tesla. But Elon Musk’s company now has a lot more EV competition from Detroit. Within the
In this article CGC WEED-CA Follow your favorite stocksCREATE FREE ACCOUNT Canopy Growth applauded President Joe Biden’s announcement Thursday that he will pardon thousands of people convicted of marijuana possession. The president also called for a review of how marijuana is classified under federal law, saying the current status “makes no sense.” Shares of Canopy jumped
In this article PSNY Follow your favorite stocksCREATE FREE ACCOUNT Polestar, the Swedish electric performance car company, has announced that the world premiere of its next car, the Polestar 3 electric performance SUV, will be in October 2022. Polestar 3 is the company’s first SUV. Courtesy: Polestar Swedish electric vehicle maker Polestar said Friday that