In this article FORD BWA GM F The CEO of auto supplier BorgWarner told CNBC on Friday the company hopes to have nearly 50% of its revenues be tied to electric vehicles within the next decade. Currently, less than 3% of the Michigan-based firm’s sales are related to EVs. “Our assumption is that 30% of
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In this article LB MKC PVH LULU CHWY BB-CA WBA MU PLAY KMX .SPX .DJI .IXIC MRNA PFE JNJ Investors are exhibiting optimism around the Covid vaccine rollout, CNBC’s Jim Cramer said, and it fueled a rally in U.S. stocks Friday. The Dow Jones Industrial Average added 453.40 points, or 1.4%, while the broad S&P
In this article SQ TWTR BOWX WeWork CEO Sandeep Mathrani told CNBC on Friday the office-sharing firm expects to see a strong recovery in demand as Covid vaccines help control the pandemic. “There’s going to be a huge shift in coming back to work, and we’re a flex provider so we’re completely the person who would
German Chancellor Angela Merkel attends a news conference after discussions via video with the heads of federal governments on the vaccination strategy at the Federal Chancellery, on March 23, 2021 in Berlin, Germany. Pool | Getty Images News | Getty Images LONDON — A third wave of the coronavirus pandemic has heaped more political problems
The stranded mega-container vessel, Ever Given in the Suez Canal, is holding up an estimated $400 million an hour in trade, based on the approximate value of goods that are moved through the Suez every day, according to shipping data and news company Lloyd’s List. Lloyd’s values the canal’s westbound traffic at roughly $5.1 billion
Score media and Gaming rings the opening bell at the Nasdaq on March 16th, 2021. The Nasdaq Build it slow. That’s how media company theScore wants to establish its gambling asset as the Canada-based company is now fully active on the U.S sports betting and public markets landscape. “That’s how we built our success with
A healthcare worker prepares to inject an AstraZeneca coronavirus disease (COVID-19) vaccine. Eloisa Lopez AstraZeneca issued updated Phase 3 trial data for its Covid-19 vaccine on Wednesday after facing criticism earlier this week over a preliminary report. The company now says its vaccine is 76% effective in protecting against symptomatic cases of virus. A release
Pedestrians cross a street in front of a Rite Aid store in Oakland, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell on Wednesday: KB Home – Shares of the homebuilding company slid 3% after the company reported mixed fiscal first-quarter results. KB home reported earnings
A medical syringe and vials in front of the AstraZeneca British biopharmaceutical company logo in this illustration photo taken on 18 November 2020. STR | NurPhoto | Getty Images U.S. health officials released a bizarre statement early Tuesday that AstraZeneca may have based its Covid-19 vaccine trial results on outdated information. The company’s fumble was
Branding for the vaccination program on the clothing of a staff outside a community vaccination center administering the BioNTech Covid-19 vaccine imported by Fosun Pharma in Hong Kong, China, on Wednesday, March 17, 2021. Chan Long Hei | Bloomberg via Getty Images Shares of China’s Shanghai Fosun Pharmaceutical Group fell after Hong Kong and Macao
The Northern Navajo Medical Center is shown as staff inside begin to receive the COVID-19 vaccine on December 16, 2020 in Shiprock, New Mexico. Medical staff at the Northern Navajo Medical Center are among the first in the Navajo Nation to receive their Pfizer-BioNTech vaccinations today. Micah Garen | Getty Images News | Getty Images
Could the reopening trade’s success come at a cost? Bank of America analysts brought that question into focus on Monday in a note upgrading Booking Holdings and downgrading Pinterest and Snap, citing changing tides on the interest rate front that could put a crimp on stay-at-home stocks’ valuations. “This is not a call that Snap
A British electric vehicle company is putting down roots in the U.S. and plans to take its new production concept global as demand for new mobility systems grows. Arrival, which is developing electric vans and buses, announced last week that it is building a second microfactory in Charlotte, North Carolina. The company plans to assemble
Phil Murphy, New Jersey’s governor, speaks at a news conference after touring the New Jersey Convention and Exposition Center Covid-19 vaccination site in Edison, New Jersey, on Friday, Jan. 15, 2021. Mark Kauzlarich | Bloomberg | Getty Images New Jersey will likely pause its reopening plans as Covid-19 cases begin to rise again in the
A healthcare professional draws up a dose of the Oxford/AstraZeneca Covid-19 vaccine at the vaccination centre set up inside Brighton Centre in Brighton, southern England, on January 26, 2021. Ben Stensall | AFP | Getty Images LONDON — The findings of a large U.S. trial have shown that the coronavirus vaccine developed by AstraZeneca and
The Jeep Wrangler Magneto concept is a fully electric SUV based on a two-door 2020 Jeep Wrangler Rubicon. Jeep EMBARGOED FOR 12:01 AM MONDAY, March 22. Jeep has unveiled a new all-electric version of its iconic Wrangler SUV, but consumers will likely have to wait at least a few years to purchase one. The brand
People view yachts during the Miami International Boat Show in Miami, Florida, United States on February 14, 2020. Marco Bello | Anadolu Agency | Getty Images Boat sales skyrocketed last year during the coronavirus pandemic as more Americans turned to the lifestyle amid more flexible work environments that allowed people to spend extra time enjoying
Peloton introduces a treadmill to their product line. Emily Gaffney | CNBC A child was killed in an accident involving a Peloton treadmill, the fitness company’s CEO said in a letter posted on its website. In the letter, CEO John Foley said he “recently learned about a tragic accident involving a child and the Tread+,
Giani Clarke,18, a senior at Wilson High School, takes a test in her AP Statistics class. The desks are doubled as a way to provide more social distancing. Ben Hasty | MediaNews Group | Getty Images The Centers for Disease Control and Prevention on Friday revised its guidance on social distancing in schools, saying most
NFL executive Brian Rolapp told CNBC on Friday the league’s new blockbuster media deal offers a chance to enhance the viewing experience for fans through digital streaming. The broadcast pact features Amazon Prime Video as the exclusive provider of Thursday Night Football games beginning in 2023, the first all-digital package in the league’s history. Four