A Winnebago Industries Inc. travel trailer stands at Motor Sportsland RV dealership in Salt Lake City, Utah, U.S., on Monday, April 6, 2020. George Frey | Bloomberg | Getty Images Winnebago closed out its fiscal year with a solid fourth quarter earnings beat. Adjusted per-share profit of $1.59 easily topped Wall Street expectations thanks to… Continue reading Want to see what weak discretionary spending looks like? See Winnebago’s results
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Apple supplier Foxconn says it’s ‘way too late’ to chase dominance in cutting-edge chips
watch now Apple iPhone supplier Foxconn, officially known as Hon Hai, said its semiconductor strategy is to focus on producing “specialty chips” — not competing in cutting-edge chips. “We do not chase [after] the most advanced technology. Hon Hai will not compete with leading edge players like 4-nanometer or 3-nanometer. We focus more on specialty… Continue reading Apple supplier Foxconn says it’s ‘way too late’ to chase dominance in cutting-edge chips
Stockholm bans diesel and gas powered cars from driving downtown starting 2025
Highway urban traffic with view over a canal in Stockholm, Sweden. Oksana Verkhola | Istock | Getty Images Come 2025, Sweden’s capital city of Stockholm plans to forbid diesel and gas-powered vehicles from entering the central part of downtown in order to cut down on emissions. “In the Green Party’s Stockholm, everyone should be able… Continue reading Stockholm bans diesel and gas powered cars from driving downtown starting 2025
GM to delay all-electric truck production at Michigan plant until late-2025
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet DETROIT – General Motors said Tuesday it is delaying production of all-electric trucks at a Michigan plant by at least a year… Continue reading GM to delay all-electric truck production at Michigan plant until late-2025
Federal regulators open probe into Cruise after pedestrian injury reports
A woman crossing a normally busy stretch of downtown San Francisco suffered serious injuries after a hit-and-run driver struck her, throwing her into the path of an oncoming driverless Cruise car, which then ran her over, according to video recorded by the autonomous vehicle that Cruise showed to the NBC Bay Area Investigative Unit. Courtesy… Continue reading Federal regulators open probe into Cruise after pedestrian injury reports
Lucid shares fall after third-quarter EV deliveries disappoint
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
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