CNBC’s Jim Cramer on Thursday warned that soaring shipping costs due to troubles in the Red Sea won’t help the U.S. tamp down inflation, telling investors they shouldn’t bank on a lot of rate cuts from the Federal Reserve. “If the last few years have taught us anything, it’s that supply disruptions are the bane … Read more
Happy Thursday! It’s January 18, 2024, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, all in one place. Here are the important stories you need to know. BMW 3T Electric Gravel Bike | Jalopnik Reviews 1st Gear: BMW Wants To Compete With Tesla’s Robot, … Read more
Image: Maserati It’s impossible to be a high-end automaker in today’s market without at least teasing an electric model, and Maserati’s Folgore (Italian for lightning) line was intended to fill that niche. After delays to the planned battery-electric GranTurismo Folgore and Grecale Folgore, Maserati has also made the decision to delay — if not scrap … Read more
BERLIN — Arnold Schwarzenegger was stopped for hours by customs at Munich Airport after entering Germany with a luxury watch that was potentially to be auctioned at a charity event. The former movie star and California governor was stopped for a routine check after arriving Wednesday, customs spokesperson Thomas Meister said. Schwarzenegger was able to … Read more
Compared to 2022, Infiniti actually had a pretty good year last year, at least in terms of sales. A year-over-year increase of nearly 40 percent sounds incredible until you realize it only sold about 65,000 vehicles. For comparison, Acura moved more than 145,000 units in 2023. Apparently, a dated, uncompetitive lineup will do that to … Read more
Federal health officials are expanding a warning about salmonella poisoning tied to charcuterie meat snack trays sold at Sam’s Club and Costco stores. At least 47 people in 22 states have been sickened and 10 people have been hospitalized after eating Busseto brand and Fratelli Beretta brand meats, officials with the Centers for Disease Control … Read more
The major indexes busted out of a slump on Thursday and CNBC’s Jim Cramer pinpointed several unexpected market tailwinds, telling investors to look for this kind of action instead of obsessing over news from the Federal Reserve. “The idea that you should only care about how many rate cuts we get this year is an … Read more
A ‘now hiring’ sign outside of a Wendy’s on October 08, 2021 in Miami, Florida. Joe Raedle | Getty Images Wendy’s has tapped PepsiCo veteran Kirk Tanner as its new chief executive, effective Feb. 5, as the burger chain tries to boost its share price and ease pressure from activist investors. Tanner is currently head … Read more
Nvidia Corp CEO Jensen Huang holds one of the company’s new RTX 4090 chips for computer gaming in this undated handout photo provided September 20, 2022. Nvidia Corp | via Reuters AMD and Nvidia hit all-time highs on Thursday as investors continue to clamor for shares of the companies building chips that power artificial intelligence. … Read more
Assistant coach Dejan Milojevic and Kevon Looney #5 of the Golden State Warriors talk before the game against the Los Angeles Lakers during the Western Conference Semi Finals during the 2023 NBA Playoffs on May 6, 2023 at Crypto.Com Arena in Los Angeles, California. Noah Graham | National Basketball Association | Getty Images The National … Read more
