watch now Rivian Automotive (RIVN) shot up 6% on Tuesday after Wall Street analysts made an upbeat call on the electric vehicle maker. Baird named Rivian a “bullish Fresh Pick,” expecting third-quarter deliveries to beat estimates, citing improving margins at the company and stronger underlying demand for its products. The research firm emphasized its outperform… Continue reading Jim Cramer thinks Rivian is a worth a look for investors looking to buy an EV stock
Author: CNBC Online news
Used cars are older, pricier. 3 things to think about when shopping for a previously owned vehicle
Customers browse in a used car lot on Feb. 15, 2023 in Glendale, California. Mario Tama | Getty Images News | Getty Images As recently as 2019, used car shoppers could find a 3-year-old vehicle for about $23,000. That’s less likely today — in terms of both age and price. Pandemic-era manufacturing issues have since… Continue reading Used cars are older, pricier. 3 things to think about when shopping for a previously owned vehicle
UAW strike: Biden, Trump seek blue-collar votes in swing state Michigan
watch now DETROIT – Strikes by the United Auto Workers union against General Motors, Ford Motor and Stellantis will get the presidential treatment this week in Michigan. Twice, in fact. President Joe Biden visited a picket line Tuesday at a GM parts facility in Belleville following a public invitation Friday from UAW President Shawn Fain,… Continue reading UAW strike: Biden, Trump seek blue-collar votes in swing state Michigan
Jim Cramer’s top 10 things to watch in the stock market Tuesday
1. U.S. stocks edge lower in premarket trading, with the S&P 500 down 0.57%, while government bond yields continue to hold steady. Is there any relief from the bond market’s tyranny? It’s been a remarkable rally in yields for the 20-year Treasury, which is at nearly 4.8% and is almost un-inverted. I have told Club… Continue reading Jim Cramer’s top 10 things to watch in the stock market Tuesday
Biden’s visit to UAW picket line not influenced by Trump’s, White House says
U.S. President Joe Biden hosts a summit with Pacific islands leaders at the White House in Washington, D.C., Sept. 25, 2023. Leah Millis | Reuters WASHINGTON — President Joe Biden‘s decision to join striking United Auto Workers in Detroit, Michigan, on Tuesday was not influenced by former president Donald Trump’s planned visit Wednesday, White House… Continue reading Biden’s visit to UAW picket line not influenced by Trump’s, White House says
Tim Scott suggests workers who strike should be fired. Here’s what the law actually says
Sen. Tim Scott, R-S.C., speaks to a crowd during a presidential campaign kickoff event at Charleston Southern University on May 22, 2023. The Washington Post | The Washington Post | Getty Images At a campaign event earlier this month in Fort Dodge, Iowa, Sen. Tim Scott of South Carolina said former president Ronald Reagan had it… Continue reading Tim Scott suggests workers who strike should be fired. Here’s what the law actually says
Nissan says all new models launched in Europe will be fully electric
watch now Japanese carmarker Nissan announced Monday that all new models it launches in Europe will be fully electric, as it reaffirmed its aim for solely electric vehicle sales on the continent by 2030. It said it was “pressing ahead” with the existing target just a week after the U.K. pushed back a ban on… Continue reading Nissan says all new models launched in Europe will be fully electric
Indonesia’s EV ambitions could help boost investments in the rest of Southeast Asia
Korean automobile manufacturer Kia displays the electric vehicle “EV6 GT-Line” during the 30th Gaikindo Indonesia International Auto Show in Tangerang on August 10, 2023. Yasuyoshi Chiba | Afp | Getty Images Indonesia’s EV-friendly policies have lured global investors to the country, but experts say they could also boost investments in Southeast Asia’s automotive industry more… Continue reading Indonesia’s EV ambitions could help boost investments in the rest of Southeast Asia
Going beyond Tesla: ETF bets solely on electric vehicle makers
watch now A new exchange-traded fund is zeroing in on electric vehicle manufacturers. Defiance ETFs runs the Solactive Pure U.S. Electric Vehicle ETF — which is also known as the Pure EV Index fund. It’s designed to give investors a way to make a concentrated bet on the space. “We realized that investors are buying… Continue reading Going beyond Tesla: ETF bets solely on electric vehicle makers
UAW president invites Biden to join picket line as autoworker strikes expand to dozens of facilities
Shawn Fain, president of the United Auto Workers, speaks to the crowd during a UAW rally in Detroit, on Sept. 15, 2023. Emily Elconin | Bloomberg | Getty Images United Auto Workers President Shawn Fain on Friday invited President Joe Biden to join the picket line as striking workers expanded their walkout to dozens more… Continue reading UAW president invites Biden to join picket line as autoworker strikes expand to dozens of facilities