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… Continue reading Jim Cramer’s top 10 things to watch in the stock market Monday
Author: CNBC Online news
How $100 billion mining giant Rio Tinto is poised to benefit from the EV boom
Copper mines like Rio Tinto’s Bingham Canyon mine on the outskirts of Salt Lake City are on the frontline of America’s transition to clean energy. Global demand for copper, a major component of electric vehicles, is expected to grow from 25 million metric tons to nearly 49 million metric tons by 2035, according to S&P… Continue reading How $100 billion mining giant Rio Tinto is poised to benefit from the EV boom
Elon Musk hypes Tesla Cybertruck at deliveries event in Austin
Tesla CEO Elon Musk took the stage to reveal details about the company’s new and unconventional Cybertruck pickup on Thursday in Austin, Texas, one day after he appeared in a bizarre interview at the DealBook Summit in New York. At that earlier event, Musk boasted, “It will be the biggest product launch of anything by… Continue reading Elon Musk hypes Tesla Cybertruck at deliveries event in Austin
Ford reinstates 2023 guidance, says UAW deal to cost $8.8 billion over life of the contract
watch now NEW YORK – Ford Motor on Thursday reinstated 2023 guidance after pulling its forecast last month due to the impacts of labor strikes and negotiations with the United Auto Workers union. The guidance calls for $10 billion to $10.5 billion in adjusted earnings before interest and taxes, or EBIT, and adjusted free cash… Continue reading Ford reinstates 2023 guidance, says UAW deal to cost $8.8 billion over life of the contract
UAW launches union campaigns at Tesla, 12 other automakers in the U.S.
United Auto Workers President Shawn Fain, middle, visits striking UAW Local 551 workers outside a Ford assembly center on South Burley Avenue on Saturday, Oct. 7, 2023, in Chicago. John J. Kim | Tribune News Service | Getty Images The United Auto Workers union is launching an unprecedented campaign to organize 13 non-union automakers in… Continue reading UAW launches union campaigns at Tesla, 12 other automakers in the U.S.
GM says union labor deals will increase costs by $9.3 billion
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty Images General Motors expects new labor contracts with the United Auto Workers and Canadian union Unifor to increase its costs by $9.3 billion and add approximately $575 in costs per vehicle during… Continue reading GM says union labor deals will increase costs by $9.3 billion
GM initiates $10 billion buyback, boosts dividend and reinstates 2023 guidance after UAW strikes
watch now General Motors is working to regain Wall Street’s confidence heading into 2024 with several investor-focused initiatives Wednesday following a tumultuous year of labor strikes and setbacks in its plans for electric and autonomous vehicles. The Detroit automaker plans to increase its quarterly dividend next year by 33% to 12 cents per share; initiate… Continue reading GM initiates $10 billion buyback, boosts dividend and reinstates 2023 guidance after UAW strikes
Huawei is pushing its tech into the EV world with new cars, automaker partnerships
SHANGHAI, CHINA – NOVEMBER 12, 2023 – Customers experience Luxeed S7, the first intelligent pure electric vehicle, at Huawei’s flagship store in Shanghai, China, November 12, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images BEIJING — Chinese telecommunications and smartphone giant Huawei is doubling down on selling its tech in… Continue reading Huawei is pushing its tech into the EV world with new cars, automaker partnerships
How a specialty vehicle manufacturer is electrifying firetrucks
Large vehicles are considered some of the toughest to electrify. But Pierce, the largest maker of firetrucks in North America, is giving it a try. Pierce has already delivered its Volterra electric firetruck to numerous fire departments across the country and has more on the way. It is part of a larger electrification plan by… Continue reading How a specialty vehicle manufacturer is electrifying firetrucks
You can now lease a Rivian R1T electric pickup, in select markets
Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Rivian on Monday started leasing select models of its all-electric R1T pickup truck, a move to expand sales and customer base beyond early adopters of electric vehicles.… Continue reading You can now lease a Rivian R1T electric pickup, in select markets