Weak U.S consumer spending spells caution

Weak U.S consumer spending spells caution

Customers visit Macy’s Herald Square store on December 17, 2023 in New York City.  Kena Betancur | Corbis News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what … Read more

Lucid Cuts Air Prices Again Because Demand Is Still Lower Than Expected

Lucid Cuts Air Prices Again Because Demand Is Still Lower Than Expected

Lucid is dropping the price on its flagship and sole vehicle (for now), the Air sedan, because demand just isn’t where the nascent automaker needs it to be. Three trims of the Air — the Pure, Touring and Grand Touring — will all see varying degrees of price cuts. Tesla’s Cybertruck Has Finally Arrived The base model … Read more

Big Three Automakers Aren’t So Sure About Biden’s EV Plans

Big Three Automakers Aren’t So Sure About Biden’s EV Plans

Good morning! It’s Thursday, February 15, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. 1st Gear: Big Three Worried About Profits In Biden EV Transition Right now, the Biden administration and automakers … Read more

Intuitive Machines first moon mission begins after SpaceX launch

Intuitive Machines first moon mission begins after SpaceX launch

A SpaceX Falcon 9 rocket carrying the Nova-C lander for the IM-1 mission launches from pad 39A at the Kennedy Space Center at 1:05 a.m. EDT on February 15, 2024 in Cape Canaveral, Florida. Paul Hennessy | Anadolu | Getty Images Texas-based Intuitive Machines’ inaugural moon mission began early Thursday morning, heading toward what could … Read more

Inflation fight may go down bumpy path

Inflation fight may go down bumpy path

A view of grocery store in Washington DC, United States on February 14, 2024.  Mostafa Bassim | Anadolu | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you … Read more

Richard Branson, Oppenheimer grandson urge action on AI, climate

Richard Branson, Oppenheimer grandson urge action on AI, climate

Richard Branson believes the environmental costs of space travel will “come down even further.” Patrick T. Fallon | AFP | Getty Images Dozens of high-profile figures in business and politics are calling on world leaders to address the existential risks of artificial intelligence and the climate crisis. Virgin Group founder Richard Branson, along with former United … Read more

Elon Musk war on Delaware may change how companies make big decisions

Elon Musk war on Delaware may change how companies make big decisions

Elon Musk, owner of Tesla and the X (formerly Twitter) platform, attends a symposium on fighting antisemitism titled ‘Never Again : Lip Service or Deep Conversation’ in Krakow, Poland on January 22nd, 2024. Beata Zawrzel | Nurphoto | Getty Images It remains to be seen what Tesla will do about Elon Musk’s pay just a … Read more

SpaceX files to move incorporation site from Delaware to Texas

SpaceX files to move incorporation site from Delaware to Texas

A SpaceX Falcon 9 rocket lifts off on the USSF-124 mission for the U.S. Space Force and Missile Defense Agency in Cape Canaveral, Florida, U.S., February 14, 2024.  Joe Skipper | Reuters SpaceX has filed to change its incorporation location to Texas from Delaware, according to public filings with the Texas Secretary of State. It’s … Read more

A bumpy ride to beating inflation

A bumpy ride to beating inflation

A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 31, 2024.  Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets … Read more

Tesla Cybertrucks Are Rusting Despite Being Stainless Steel

Tesla Cybertrucks Are Rusting Despite Being Stainless Steel

It seems the stainless steel panels of the Tesla Cybertruck are not really stain “less,” and are turning out to be no less susceptible to stains than stainless kitchen appliances, which easily develop grease and water stains. Some Tesla Cybertruck owners are reporting persistent orange stains on the exterior of their EVs, which could be early … Read more