My top 10 things to watch Monday, Dec. 4 1. U.S. stocks are lower in premarket trading, with S & P 500 futures down 0.54%. The move comes after five-straight weeks of gains for equities — and here’s how I make sense of the tremendous rally we’ve seen. Meanwhile, bond yields pull back, with that … Read more
Exploding consumer demand for Ford (F) hybrids last month is further evidence the automaker should pivot its production focus and scale back on electric vehicles. Hybrids “make a ton of money,” Jim Cramer said Monday after Ford reported a 75% year-over-year surge in hybrid sales in November to roughly 12,100 vehicles. EV sales were also … Read more
Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images Nio on Tuesday reported narrowing losses in the third quarter, but gave a revenue forecast below market expectations. Here’s how Nio did in the third quarter, according … Read more
The 2024 Fiat 500e. Stellantis DETROIT — Stellantis is resurrecting the all-electric Fiat 500e for the U.S. market, as the automaker begins to release electric vehicles domestically to meet tightening fuel economy regulations. The small city car is expected to first go on sale as a special edition “(500e)RED” model early next year, starting at … Read more
Passengers ride in an electric Waymo full self-driving technology in Santa Monica Allen J. Schaben | Los Angeles Times | Getty Images Waymo, Alphabet‘s self-driving car unit, is having a relatively good couple of months – at least, compared to one of its key rivals: GM‘s Cruise. Formerly known as the Google self-driving car project … Read more
Elon Musk, chief executive officer of Tesla Inc., during a fireside discussion on artificial intelligence risks with Rishi Sunak, UK prime minister, not pictured, in London, UK, on Thursday, Nov. 2, 2023. Tolga Akmen | Bloomberg | Getty Images Tesla faces a growing revolt in Scandinavia after Danish dockworkers joined a sympathy strike with Swedish … Read more
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. 1. U.S. stocks climbed higher Thursday morning following three-straight days of declines, with the Magnificent Seven outperforming. The S & P 500 was up 0.7%, while the Nasdaq Composite gained … Read more
The U.S. is running out of miners. More than half the nation’s mining workforce, about 221,000 workers, is expected to retire by 2029, according to the Society for Mining, Metallurgy & Exploration, and the number of candidates willing to fill those slots is shrinking. “Our workforce is aging,” said Bold Baatar, chief executive of copper at … Read more
Prices of used electric vehicles are down roughly 30% year over year, according to market research studies using data from September and October. The cheaper prices might bode well for buyers, but they raise concerns that low resale values could hurt EV adoption among mainstream consumers. The falling prices also add fuel to a debate … Read more
2023 Prius Prime on display, April 6, 2023. Scott Mlyn | CNBC DETROIT — As sales of all-electric vehicles grow more slowly than expected, major automakers are increasingly meeting their customers in the middle. More and more companies are reconsidering the viability of hybrid cars and trucks to appease consumer demand and avoid costly penalties … Read more
