Following a secretive escape last week from Japan to Lebanon, former Nissan chief Carlos Ghosn publicly defended himself Wednesday — for the first time since his initial arrest in November 2018 — against accusations of financial misconduct and misuse of corporate resources. Ghosn adamantly denied all charges against him and defended his decision to become
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Iraqi counter-terrorism forces stand guard in front of the US embassy in the capital Baghdad on January 2, 2020. Ahmad Al-Rubaye | AFP | Getty Images Two rockets hit the Green Zone in Iraq’s capital of Baghdad, a day after Iran launched missile attacks on U.S. and other coalition targets at bases in Iraq, according
This is breaking news. Please check back for updates. Oil prices surged 4% in early trading on Tuesday night following rocket attacks on Western Iraq’s airbase Al Asad. U.S. West Texas Intermediate crude futures surged 4%, or $2.51, to $65.21, its highest level since April. At the session high it rose to $65.48. International benchmark
A Boeing 737 passenger plane with 180 aboard crashed in Iran after take-off, according to Iranian news agencies. Iran’s Fars News Agency reported that the Ukrainian plane crashed due to technical problems after taking off from Iran’s Imam Khomeini airport. The plane belonged to Ukranian Airlines, according to ISNA, another Iranian news agency. CNBC has
DETROIT – As Tesla CEO Elon Musk showed off his dance moves Tuesday to celebrate the launch of the Model Y in China, no such festivities were likely occurring in Detroit. Shares of Tesla have roughly doubled in the last six months, giving the Silicon Valley automaker a market capitalization of roughly $84.4 billion as
1. Stock futures steady after Monday’s major Dow comeback A trader works on the floor at the closing bell of the New York Stock Exchange, December 30, 2019. Bryan R Smith | Reuters U.S. stock futures were pointing to a steady Wall Street open Tuesday after the Dow Jones Industrial Average closed erased an over
Carlos Ghosn, former chairman of Nissan Motor Co., sits in a vehicle as he leaves his lawyer’s office in Tokyo, Japan, on Wednesday, March 6, 2019. Takaaki Iwabu | Bloomberg | Getty Images As Nissan’s former Chairman Carlos Ghosn made his way from Osaka, Japan to Istanbul, Turkey in a private jet, the price of
Luke Sharrett | Bloomberg | Getty Images Pier 1 Imports shares tanked more than 25% Monday afternoon following a report from Bloomberg that said the company is preparing to file for bankruptcy and slash jobs. The stock was briefly halted due to volatility and then again for news pending. In November, Robert Riesbeck was named CEO,
Richard Newstead | Universal Images Group | Getty Images New car registrations in the U.K. fell by 2.4% in 2019, new figures from the Society of Motor Manufacturers and Traders (SMMT) show, with demand for new cars at a six-year low, according to the organization’s chief executive. Overall, there were 2,311,140 registrations last year, compared
Logan Roy, played by Brian Cox, at his daughter’s wedding reception on season 1 of HBO’s Succession. Colin Hutton | HBO Netflix may have scored the most nominations for the 2020 Golden Globes, but it was AT&T, Disney, Sony and ViacomCBS that won the night. The streaming service garnered 17 nominations, the most of any single studio,
Anna in “Frozen II.” Disney Disney has continued its domination of the 2019 box office into 2020. On Sunday, “Frozen II” became the highest-grossing animated film of all time. With a $1.32 billion haul since its release in November, “Frozen II” has surpassed “Frozen” as the top animated film at the global box office. “Disney’s
CNBC’s Jim Cramer on Friday, the second trading day of 2020, reviewed last year’s best performers on the Dow Jones Industrial Average and gave his predictions for the current trading year. The Dow, alongside the other two major indexes, surged double digits in the banner year of 2019. The 30-stock index of blue-chip companies gained
CNBC’s Jim Cramer on Friday took a look at last year’s run in the S&P 500 to lay out his thoughts on how the top performers would play out over the coming year in trading. The S&P 500, which tracks 500 large-cap public stocks, posted a gain of 28.9% in 2019, its largest advance since
CNBC’s Jim Cramer advises that investors refrain from panicking about how U.S.-Iran tensions may impact the market and to look for potential buying opportunities in the coming days. The “Mad Money” host takes a look back at the top components of the Dow Jones Industrial Average and S&P 500 to project what’s to come in
Investors should exercise patience when evaluating stocks shortly after a geopolitical incident, like the U.S. airstrike that killed a top Iranian military leader, CNBC’s Jim Cramer said Friday morning. That’s because it usually takes more than one day for clarity to arrive, but the “Mad Money” host said Friday there are really only three oil
Shake Shack: “I think Shake Shack had a really, really good quarter and the shack is back and I think it’s O.K. to buy, although I have to tell you Wendy’s is the cheapest burger company.” AGNC Investment: “I don’t like that particular kind of REIT ’cause I don’t know what they’re in.” U.S. Bancorp:
A wallaby licks its burnt paws after escaping a bushfire on the Liberation Trail near the township of Nana Glen on the Mid North Coast of NSW, November 12, 2019. Wolter Peeters | Fairfax Media | Getty Images Nearly half a billion animals in Australia’s New South Wales state have been killed by raging wildfires
CNBC’s Jim Cramer breaks down a menu of complex terms that are used in trading stocks. The “Mad Money” host explains how investors must consider the business cycle when finding the opportune time to buy or sell an equity. He explains to viewers how simple math can help determine when a stock is undervalued or
SUVs at a Chevrolet dealership in Oshawa, ON. Rene Johnston | Toronto Star | Getty Images DETROIT – Americans are expected to have bought fewer new vehicles last year than in recent years but spent a record amount on those new cars and trucks. Research and forecast firms Cox Automotive, Edmunds and J.D. Power/LMC Automotive
A Lowe’s employee walks through the store during the grand opening of the Lowe’s store in San Francisco, California. Getty Images Lowe’s is looking to hire at least 53,000 people ahead of the spring season, the home improvement retailer’s busiest time of year, the company said Thursday in a press release. That’s less than Lowe’s