1. Chevron (CVX) on Sunday announced excellent preliminary second-quarter results, while extending the contract of CEO Mike Wirth. The United States’ second-largest oil firm in May announced an agreement to expand its shale operations by acquiring PDC Energy (PDCE) in a deal valued at $7.6 billion, including debt. Chevron is set to release its full… Continue reading Jim Cramer’s top 10 things to watch in the stock market Monday
Author: CNBC Online news
How EV range is determined and why the process is flawed
Chevrolet Bolt at EPA’s National Fuel and Emissions Lab How far an electric vehicle can drive on a single charge is one of the most closely watched numbers in the automotive world. The official government process used to test and certify those ranges has potential flaws. The U.S. Environmental Protection Agency has been testing vehicles… Continue reading How EV range is determined and why the process is flawed
Ford’s dividend quality, J&J’s split-off, cost basis discipline — what we think about all these
Send your questions directly to Jim Cramer and his team of analysts at investingclubmailbag@cnbc.com . Reminder, 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. Question 1: What are your thoughts on the stability of FORD’s dividend? Thank you, Denise The quickest… Continue reading Ford’s dividend quality, J&J’s split-off, cost basis discipline — what we think about all these
Lawmakers seek review of Ford partnership with Chinese battery supplier
Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan. Bill Pugliano | Getty Images News | Getty Images DETROIT… Continue reading Lawmakers seek review of Ford partnership with Chinese battery supplier
EV battery plants emerge as wild card issue in UAW contract talks
General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT – In already-contentious labor talks between the United Auto Workers union and major automakers, there’s a wild-card issue hanging over the discussions. Multibillion-dollar EV… Continue reading EV battery plants emerge as wild card issue in UAW contract talks
How BMW uses A.I. to make vehicle assembly more efficient
Artificial intelligence is making a big effect on the auto industry. Revenue from sales of autonomous vehicles is anticipated to top $70 billion by 2033, according to Future Market Insights. But self-driving cars powered by AI are not the only change — AI technology is already being infused into vehicle production. related investing news As… Continue reading How BMW uses A.I. to make vehicle assembly more efficient
Why Tesla investors should care about Elon Musk’s multiplying ventures
Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, January 27, 2023. Jonathan Ernst | Reuters Elon Musk‘s multiple ventures and the relationships between them are facing increased scrutiny as the Tesla CEO continues to add more to his plate. During Tesla’s second-quarter earnings call on Wednesday, Truist analyst… Continue reading Why Tesla investors should care about Elon Musk’s multiplying ventures
How the Middle East is preparing for the post-oil, EV era of transportation
U.S. electric vehicle maker Lucid Group will set up its first overseas factory in Saudi Arabia, the company announced. Javier Blas | Bloomberg | Getty Images When BlackRock, the world’s largest asset manager, announced this week it was adding the head of the world’s largest oil company, Saudi Aramco, to its board of directors, some… Continue reading How the Middle East is preparing for the post-oil, EV era of transportation
Tesla books record revenue of $24.9 billion with margin declining after price cuts
Chief Executive Officer of SpaceX and Tesla and owner of Twitter, Elon Musk attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre on June 16, 2023 in Paris, France. Chesnot | Getty Images Tesla reported earnings after the bell, showing a record for quarterly revenue but lower… Continue reading Tesla books record revenue of $24.9 billion with margin declining after price cuts
India’s Tata Group to build $5 billion gigafactory in the UK
A Tata Motors concept EV on show at the India Auto Expo 2023 on Jan. 12, 2023. Anindito Mukherjee | Bloomberg | Getty Images The Tata Group will develop a major facility for the production of electric car batteries in the U.K., with the Indian conglomerate set to invest more than £4 billion (around $5.17… Continue reading India’s Tata Group to build $5 billion gigafactory in the UK