Business

In this article GM A robot car of the General Motors subsidiary Cruise is on a test drive. Andrej Sokolow | picture alliance | Getty Images DETROIT – General Motors is acquiring SoftBank Vision Fund 1’s equity ownership stake in its majority-owned Cruise autonomous vehicle unit for $2.1 billion, the automaker announced Friday afternoon. Softbank

Cyclists photographed in Lisbon, Portugal, in October 2018. Kamisoka | Istock Unreleased | Getty Images Speed limits on highways should be cut by at least 10 kilometers per hour (6.2 mph) to help lower oil demand, the International Energy Agency said Friday. The recommendation is part of a wider 10-point plan published by the Paris-based

In this article NYKAA-IN While Nykka started as an e-commerce platform, founder and CEO Falguni Nayar is a “big believer” in physical retail and said there is demand from consumers. “The last two years have been very much impacted by Covid-19 and what it does to physical retail. However, we do believe that if you

In this article DIS Bob Chapek, Disney CEO at the Boston College Chief Executives Club, November 15, 2021. Charles Krupa | AP Senior leaders across Disney’s creative studios have expressed their frustration to CEO Bob Chapek about his handling of the “Don’t Say Gay” bill in Florida, people familiar with the matter told CNBC. Chapek

Moderna CEO Stephane Bancel Steven Ferdman | Getty Images Moderna CEO Stephane Bancel has sold $408 million in company stock since the beginning of the pandemic — averaging roughly $3.6 million a week — as the company’s stock soared on the development and rollout of its Covid vaccine, according to CNBC’s analysis of the company’s

Loading chart… Crocs Inc. (Crox): “I’m going … against the bears.” Loading chart… Nutrien Ltd (NTR): “If you still like that segment, I was just — [AGCO Corporation] or [Deere & Co], which I think is going to burrow its way through $400 [per share].” Loading chart… Coterra Energy Inc: “It’s got a 9% yield,

In this article NFLX Servant of the People is once again available on Netflix in The US. The 2015 satirical comedy series stars Volodymyr Zelenskyy playing a teacher who unexpectedly becomes President after a video of him complaining about corruption suddenly goes viral. Netflix “Servant of the People,” the 2015 satirical comedy series starring Ukraine’s

Consumers continued to spend in February through at a slower pace than expected, according to a Commerce Department report Wednesday. Advance retail sales grew 0.3% for the month, slightly below the 0.4% Dow Jones estimate. Stripping out autos, sales were up 0.2%, well below expectations for a 0.9% increase and indicative that after a rapid

Jim Cramer advised investors on Tuesday to use rallies as an opportunity to sell and better handle volatility in the currently tumultuous market. “When things look really horrible and we’ve been down for days and days and days, you don’t need to despair, you just need to be more clever. Raise some cash on the

In this article GM An undated handout photo shows the new Cadillac Lyriq, one of the electric vehicles that General Motors Co said on October 20, 2020, that its Spring Hill, Tennessee, factory will begin to produce. General Motors Co. | Reuters DETROIT – General Motors is gearing up to deliver Cadillac’s first electric vehicle

In this article F VOW3-DE GS TSLA A Northvolt building in Sweden, photographed in February 2022. Mikael Sjoberg | Bloomberg | Getty Images Northvolt said Tuesday it would look to build a gigafactory in Germany, with the firm hoping the facility’s first batteries will be produced in 2025. In a statement, the Stockholm-headquartered battery maker

A view of a meeting of the North Atlantic Council (NAC) at the level of Foreign Ministers gather at the NATO Headquarters in Brussels, March 4, 2022. Olivier Douliery | Reuters The heads of state representing NATO’s 30 member countries are discussing meeting in person in Brussels next week as Russia’s invasion of Ukraine reaches

Health workers dressed in protective clothing give nucleic acid tests to men at a mass testing site to prevent COVID-19 on March 14, 2022 in Beijing, China. Kevin Frayer | Getty Images Shares of the major vaccine makers rose on Monday as China battles its worst Covid outbreak since 2020, fueling fear that the pandemic

In this article 7201.T-JP BMW-DE F TSLA A Ford facility in Cologne, Germany, photographed in February 2021. Oliver Berg | AFP | Getty Images Ford has laid out plans to roll out three new passenger electric vehicles and four new commercial EVs in Europe by 2024, with the company saying it expected to sell over

Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters Ford Motor dealer Marc McEver was taken back when he heard about the automaker’s plans to separate its electric vehicle and legacy businesses as part of a restructuring under CEO Jim Farley. The

A general view of the March Madness logo before game between the Syracuse Orange and the Houston Cougars in the Sweet Sixteen of the 2021 NCAA Tournament at Hinkle Fieldhouse. Aaron Doster | USA TODAY Sports | Reuters After two rocky, pandemic-disrupted years, the March Madness we all know so well is coming back. The

Grant Hill, the former NBA superstar and Duke Blue Devils icon, amassed over $100 million in career earnings. He has invested in several huge real estate projects, including a $5 billion development in Atlanta. He has an ownership stake in an NBA team, and has a new partnership with multinational conglomerate Philips. Now, he’s estimated

Attendees during the 2022 CERAWeek by S&P Global conference in Houston, Texas, U.S., on Wednesday, March 9, 2022. F. Carter Smith | Bloomberg | Getty Images The annual CERAWeek by S&P Global energy conference in Houston, which wrapped up Friday, could not have come at a better — or more fraught — time. Energy executives,

In this article ULTA Inside an Ulta store location in New York. Scott Mlyn | CNBC Ulta Beauty is banking on new brand partnerships to boost lagging makeup sales. For the full year 2021, cosmetics accounted for 43% of the retailer’s total sales, the largest segment share by far but a slight dip from fiscal

The empty Salt River Fields where Spring Training would be taking place at Talking Stick in Phoenix, AZ. Patrick Breen | USA TODAY Sports Major League Baseball Commissioner Rob Manfred flashed a massive smile on Thursday evening when he announced the return of baseball. After nearly 100 days of an owner-imposed lockout, MLB agreed to