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Tag: General Motors Co

Dr. Fauci warns about ‘knockout drug’

Dr. Fauci warns about ‘knockout drug’

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in E astern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 1,026,900 Global deaths: At least 53,975 US cases: At least 245,500 US deaths: At least 6,058 The […]

India’s streets sit empty, global cases near 500,000

India’s streets sit empty, global cases near 500,000

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 492,000 Global deaths: At least 22,000 US cases: At least 69,000 US deaths: At least 1,000 The data […]

Tesla customers in China irate over cars delivered with older hardware

Tesla customers in China irate over cars delivered with older hardware

A worker in a face mask walks past gates at the Tesla Gigafactory in Shanghai, China, on Feb. 17, 2020. Qilai Shen | Bloomberg | Getty Images Tesla customers in China are complaining the company delivered new Model 3s with a version of Autopilot hardware that was not as advanced as promised. According to a […]

S&P 500 is headed for a record close, fully erasing the coronavirus-related losses of past 2 weeks

S&P 500 is headed for a record close, fully erasing the coronavirus-related losses of past 2 weeks

Stocks rose on Wednesday, pushing the S&P 500 back to levels hit prior to the coronavirus scare.  The broad index traded 1.1% higher, led by strong gains in the energy, financials and health care sectors. That gain put the S&P 500 on pace to notch a record closing high. It also erased its losses stemming from fears […]

Dow up big, Tesla tops $900 in parabolic move

Dow up big, Tesla tops $900 in parabolic move

Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images This is a live blog. Check back for updates. 3:11 pm: Tesla soars 21% at session high Shares of Tesla surged 21% to its session high of […]

General Motors playing to its strengths with the GMC Hummer EV pickup

General Motors playing to its strengths with the GMC Hummer EV pickup

DETROIT – General Motors is playing to its strengths from a profitability and product standpoint by resurrecting Hummer as an all-electric vehicle under its GMC truck and SUV brand, according to officials. The automaker is attempting to cash-in on the reputation of an already-established brand while removing any “negative baggage” of the gas-guzzling, environment-harming Hummers […]

Tesla is an ‘existential threat’ to automakers

Tesla is an ‘existential threat’ to automakers

Tesla has shown it presents a significant risk to legacy automakers as the electric vehicle market grows more crowded, Oppenheimer analyst Colin Rusch told CNBC on Monday. Rusch became the biggest Tesla bull on Wall Street earlier in the day, when he raised his price target on the stock by nearly 60% to $612 per […]

Tesla (TSLA) stock hits $500 for the first time

Tesla (TSLA) stock hits $500 for the first time

Tesla stock continued to rally on Monday, rising nearly 10% on the day and closing at an all-time high of $524.86 per share. Tesla, which is now up more than 20% in 2020, continued to soar on its entrance into China and Q4 delivery figures that exceeded Wall Street’s expectations. The stock has more than […]

Barack and Michelle Obama-produced Netflix doc gets Oscar nod

Barack and Michelle Obama-produced Netflix doc gets Oscar nod

President Barack Obama sits with first lady Michelle Obama to watch musical perfomances during the 94th Annual National Christmas Tree Lighting Ceremony on the Ellipse in PresidentÕs Park on December 1, 2016 in Washington, DC. (Photo by Paul Morigi/Getty Images) Paul Morigi/Getty Images A documentary created by former President Barack Obama and first lady Michelle […]

Here’s where the jobs are for December 2019 — in one chart

Here’s where the jobs are for December 2019 — in one chart

While overall employment gains were slightly disappointing in December, there were strong job increases in the retail, hospitality and leisure services industries as employers looked to boost payrolls during the peak holiday season. The government reported Friday that payrolls increased by 145,000, falling short of the 160,000 estimate economists polled by Dow Jones had forecast. […]