A Lucid showroom in New York City on Aug. 19, 2023. Adam Jeffery | CNBC Luxury electric vehicle maker Lucid Group said Tuesday that it delivered 1,457 of its Air sedans to customers in the third quarter, a number that is unlikely to reassure investors worried about demand for the posh and pricey electric vehicle.… Continue reading Lucid shares fall after third-quarter EV deliveries disappoint
Author: CNBC Online news
In rare move, Ford executive chair calls on UAW to make a deal and end ‘acrimonious’ talks
Bill Ford, executive chair of Ford Motor Company, speaks at their Rouge Visitor Center in Dearborn, Michigan, October 16, 2023. Jeff Kowalsky | Ford Motor Co. | Handout | via Reuters DEARBORN, Mich. – Ford Motor Executive Chair Bill Ford on Monday warned that an ongoing strike by the United Auto Workers threatens the future… Continue reading In rare move, Ford executive chair calls on UAW to make a deal and end ‘acrimonious’ talks
When is it OK to violate your cost basis to buy more shares of a company?
Here’s our Club Mailbag email investingclubmailbag@cnbc.com — so you send your questions directly to Jim Cramer and his team of analysts. We can’t offer personal investing advice. We will only consider more general questions about the investment process or stocks in the portfolio or related industries. This week’s question: The cardinal rule of discipline is to not… Continue reading When is it OK to violate your cost basis to buy more shares of a company?
As Tesla price cuts concede billions in sales, investors push Elon Musk to finally spend on ads
A Tesla Model 3 with opened doors stands in the showroom. Picture Alliance | Picture Alliance | Getty Images By most measures, Gary Black qualifies as a big supporter of electric-vehicle giant Tesla. The Chicago fund manager has had Tesla as his No. 1 or No. 2 holding since he opened his fund in 2021,… Continue reading As Tesla price cuts concede billions in sales, investors push Elon Musk to finally spend on ads
What to make of the UAW’s shifting strike tactics after the latest escalation
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty Images DETROIT – A shift in strategy by the United Auto Workers union this week has some analysts wondering if the parties are — perhaps, counterintuitively — getting closer to a deal.… Continue reading What to make of the UAW’s shifting strike tactics after the latest escalation
Ford says it’s ‘at the limit’ of what it can offer UAW as strikes escalate
Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023. Matthew Hatcher | AFP | Getty Images DETROIT – Ford Motor is “at the limit” of what it can offer the United Auto Workers union in terms of economic concessions, an executive said Thursday as… Continue reading Ford says it’s ‘at the limit’ of what it can offer UAW as strikes escalate
Cramer urges investors to stick with Ford, even as latest strike risks denting profits
The United Auto Workers’ unexpected strike at Ford Motor’s (F) biggest factory could result in a major blow to the automaker’s profitability if the facility remains shut down for a prolonged period. Still, this is not a time to drop Ford, as we expect an eventual agreement between the union and the Big Three Detroit… Continue reading Cramer urges investors to stick with Ford, even as latest strike risks denting profits
Tesla whistleblowers filed a complaint to the SEC in 2021, but the agency never interviewed them. Here’s what the complaint said
A Tesla Model Y on a Tesla car lot in Austin, Texas, May 31, 2023. Brandon Bell | Getty Images In the fourth quarter of 2021, a Tesla employee and a tech industry researcher jointly filed a whistleblower complaint to the U.S. Securities and Exchange Commission, expressing concerns that Elon Musk’s car company may have… Continue reading Tesla whistleblowers filed a complaint to the SEC in 2021, but the agency never interviewed them. Here’s what the complaint said
Delta says Hollywood, auto strikes are denting business travel
A Delta Airlines passenger jet approaches to land at LAX during the outbreak of the coronavirus disease (COVID-19) in Los Angeles, California, U.S., April 7, 2021. Mike Blake | Reuters Recent strikes by Hollywood talent and United Auto Workers union members are a “drag” on business travel demand, which is otherwise recovering, Delta Air Lines… Continue reading Delta says Hollywood, auto strikes are denting business travel
Why Cramer expects mega cap stocks will ‘shine’ in Thursday trading
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. equities were mixed in midmorning Thursday — the S & P 500 was down 0.13%, while the Nasdaq Composite rose 0.13% — following the release of the Labor… Continue reading Why Cramer expects mega cap stocks will ‘shine’ in Thursday trading