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☆ Jim Cramer shares his thoughts on Lululemon, Nike, FedEx, Tesla and Boeing
▼ + stars: | 2024-03-22 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Lululemon : Shares plunged more than 18% after the athletic apparel maker issued current-quarter revenue and earnings guidance below Wall Street estimates. "When you go to high-single digit [growth] from being a major growth company, you're going to get this kind of decline. Nike : Shares tumbled 8% after the apparel maker also issued light guidance for its current quarter. Cramer said Nike and Lululemon management sent a similar message to investors with their reports and outlooks. If you get any revenue growth, you're going to see leverage that's immense," Cramer said.

Persons: Jim Cramer's, Jim Cramer, Cramer, Tesla, Dave Calhoun, Calhoun Organizations: CNBC, Club, Nike, FedEx, Express, Bloomberg, Ford Motor, Boeing, Street Journal, U.S, Alaska Airlines Locations: China

☆ Biden slows his timeline for the shift to EVs in a compromise with unions concerned about jobs
▼ + stars: | 2024-03-20 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

President Joe Biden is giving automakers more time to ramp up sales of electric vehicles, following pressure from the industry and labor unions concerned about a rapid transition to EVs. Cars are the single-largest source of greenhouse gas emissions. Still, the United Auto Workers worries that a rapid shift to EVs will cost jobs because EV manufacturing requires fewer assembly parts. Pacing EV adoptionThe tailpipe rules land as the EV market hits some bumps in the road. AdvertisementStill, analysts predict that EV sales will continue to push higher, thanks to newer models at more affordable prices and the continued build-out of charging stations.

Persons: Joe Biden, —, John Bozzella, Kelley, Power, Albert Gore, Tesla Organizations: Service, Environmental Protection Agency, Wednesday, Business, United Auto Workers, UAW, Alliance for Automotive Innovation, Ford, General Motors, Zero Emissions Transportation Association, EV, EPA, Research Locations: United States

☆ Biden administration softens EV mileage rule in a win for automakers
▼ + stars: | 2024-03-19 | by ( ) www.cnbc.com time to read: +6 min

The original Biden administration proposal would have lowered such "petroleum-equivalent fuel economy" ratings for EVs by 72% in 2027. The industry cheered the Energy Department announcement. Automakers, auto dealers and the UAW called the original EPA plan unrealistic. The National Resources Defense Council (NRDC) and Sierra Club had urged EV mileage rating reductions after the Energy Department left them unchanged for two decades. "The automakers' free ride is over," he said, adding that changes "will curtail automakers' use of phantom credits they used to keep selling gas-guzzlers."

Persons: Biden, Joe Biden's, Donald Trump, John Bozella, Tesla, Pete Huffman Organizations: Detroit, Biden, Department of Energy, Reuters, U.S, Republican, Energy Department, Ford, Alliance, Automotive, United Auto Workers, General Motors, Chrysler, Traffic, Environmental Protection Agency, EPA, Toyota, Honda, Hyundai, GM, Volkswagen, UAW, National Resources Defense Council, Sierra Club, Energy Locations: New York City, United States, Michigan, fleetwide, U.S, NRDC

☆ Safety regulators probe Ford driver assist features after fatal crash
▼ + stars: | 2024-03-19 | by ( ) edition.cnn.com time to read: +2 min

Washington DC CNN —The National Highway Traffic Safety Administration said on Monday it has opened an investigation into a recent Ford Mustang Mach-E fatal crash in San Antonio, Texas, where authorities suspect an advanced driver assistance system was in use. Driver assistance features are being hailed by automakers as a way to reduce accidents, but federal safety regulators are concerned that over-reliance on the features by drivers could be causing some accidents. While NHTSA has opened more than three dozen Tesla special crash investigations since 2016 where advanced driver assistance systems such as Autopilot were suspected of being used with 20 crash deaths reported, this is NHTSA’s first special crash probe involving a Ford advanced system. NHTSA typically opens more than 100 special crash investigations annually into emerging technologies and other potential auto safety issues. In addition to the NHTSA probe, on Friday, the National Transportation Safety Board opened a separate investigation into the Feb. 24 crash.

Persons: Jeffrey Allen Johnson, Austin, Ford, “, CNN’s Chris Isidore Organizations: Washington DC CNN, Traffic Safety Administration, Ford, NHTSA, National Transportation Safety, NTSB, San, Honda Locations: San Antonio , Texas, San Antonio

☆ Drake Bell Opens up to BI About Sexual Abuse, the Nickelodeon 'Factory,' and 'Quiet on Set'
▼ + stars: | 2024-03-19 | by ( Kate Taylor | ) www.businessinsider.com time to read: +26 min

He acted out, showing up to the "Drake & Josh" set late and hungover. "If I'm going to tell my story, this is how it was supposed to be told," Drake Bell, pictured here at his studio in Mexico City, recently told BI. In the second season, Brian Peck (who is unrelated to Bell's "Drake & Josh" costar Josh Peck) joined as a dialogue coach. Bell told BI that Nickelodeon "was a factory," treating child actors like kings one day only to throw them to the curb the next. Bell told BI that, in some ways, his music and the docuseries serve the same purpose.

Persons: Drake Bell, Drake, Josh, tweens, Dan Schneider, Bell, Brian Peck, Peck, Schneider, he's, he'd, Robin Dodson, Joe Bell, bro Totally Kyle, Tony, Ana Topoleanu, Amanda, Josh Peck, Kenan, Kel, Leonardo DiCaprio, Bryan Singer, James Marsden's, Tom DeSanto, Dan, Bell's, worrisome, Joe, hadn't, Gary Livingston, I'd, Dodson, I'm, heartthrob, James Marsden, Alan Thicke, Strong, Lynne Murphy, Penn Badgley, Forrest Gump, Will Friedle, Brian, Friedle, I've, don't, spiraled, He'd, Janet Von Schmeling, Von Schmeling, Jennette McCurdy, Amanda Bynes, Aaron Carter, Emma Schwartz, Jaime Nogales, Singer, Pan, Mary Robertson, Kate Taylor Organizations: Nickelodeon, Business, Kids, Maxine Productions, Sony Pictures, Bell, Daytona Beach Police Department, Getty, Los Angeles Police Department, Ford, Hollywood, BI, Disney, Netflix, US, Cleveland, The New York Times, Times, Daily Mail, Orlando, Pan Am, & $ Locations: Mexico City, Newport Beach , California, Bell, Hollywood, Orange, Los Angeles, Valley Glen, Angeles, Los Feliz, San Diego, Feliz, Glendale , California, Mexico, California, Ohio, Florida, pompadour

☆ Here's our fourth-quarter earnings report card for 31 stocks in the portfolio
▼ + stars: | 2024-03-19 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Please note, that Abbott Laboratories is not listed below as we did not own the name before the company's earnings release. Meta Platforms had one of the best earnings reports of the entire season, as sales, earnings, and cash flow trounced expectations. Despite missing earnings expectations, Coterra Energy delivered where it matters most: discretionary and free cash flow. Honeywell 's earnings results weren't great, with sales missing across the board and segment profit results coming up mixed. Given the stock's reaction, one might wonder why we don't think the earnings results from Palo Alto Networks were flat-out ugly.

Persons: we've, Eaton, Eli Lilly, Mounjaro, Bausch, Estee Lauder, Fabrizio Freda's, Linde, shouldn't, Morgan Stanley, Procter & Gamble, Stanley Black, Decker, We're, Wells Fargo, Nikesh Arora, Palo, they've, Locker, Jim Cramer's, Jim Cramer, Jim, Satya Nadella, Nadella, SeongJoon Cho Organizations: Abbott Laboratories, Wall, GE Healthcare, Meta, Microsoft, Investors, Nvidia, Wynn Resorts, Pharmaceuticals, Broadcom, Coterra Energy, Disney, Federal Deposit Insurance Corporation, Procter &, TJX, Google Services, Constellation Brands, Costco Wholesale, Costco, DuPont, Honeywell, Palo Alto Networks, Palo Alto, Management, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, Ford, China, Macao, Las Vegas, Boston, Wells Fargo underdelivered, Seoul

Ten nonprofits serving young people in Detroit will get an unusual, lasting gift as part of a campaign started by Lisa Ford and her husband, Bill Ford, the executive chairman of Ford Motor Co. Endowments are funds a nonprofit can invest and the annual financial returns from those investments can go into the nonprofit’s budget. Detroit-area nonprofits may apply in June, when Michigan Central Station will reopen, and ten selected organizations will each receive $500,000 to launch an endowment. The Children's Foundation will manage the nonprofits’ endowments and offer them guidance and technical support over two years. Lisa Ford said the idea for creating endowments for youth nonprofits evolved out of their commitment to supporting a robust and vibrant future for the city and the automotive industry.

Persons: Lisa Ford, Bill Ford, ’ ”, Andrew Stein, ”, ” Ford, Todd Ely, Ely, ” Ely, Meadow Didier, Stein Organizations: Ford Motor Co, Children’s Foundation, Michigan Central, Children’s Hospital of Michigan, Harvard, Foundation, Children’s, Endowments, Internal Revenue Service, University of Colorado, Nonprofit Finance Fund, Children's, Ford, Associated, Lilly Endowment Inc, AP Locations: Detroit, Michigan, University of Colorado Denver

☆ Steve Ballmer's Son Reflects on Growing up in High Net Worth Family
▼ + stars: | 2024-03-19 | by ( Jane Zhang | ) www.businessinsider.com time to read: +10 min

I mean, I didn't really care about what I was wearing, and my brothers and I were fine with driving our dad's old '98 Lincoln. We didn't really talk about moneyThere were some indications that we were rich. Our family took really nice vacations, but as a kid, there was a disconnect between things and how much they cost. For both my mom and my dad, having a lot of money was a relatively new experience, as was raising children. I don't really see it as dishonest, though, because people are multifaceted and much more complex than the sum of where they grew up.

Persons: Pete Ballmer, Steve Ballmer, we'll, Let's, I'd, I'm, I've, That's, who've, They'll, We've, — Organizations: Microsoft, Ford, I'd, Lincoln, Rover, Clippers Locations: San Francisco, Japan, Bay

☆ Federal investigators look into crash of Mustang Mach-E equipped with driver assistance tech
▼ + stars: | 2024-03-18 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —Investigators with the National Highway Traffic Safety Administration and National Transportation Safety Board are investigating a fatal crash involving a Ford Mustang Mach-E equipped with advanced driving assistance technology. Ford shows off the new model 2024 Ford Mustang Mach-E GT during the Chicago Auto Show at McCormick Place convention center in Chicago, Illinois on February 8, 2024. Federal investigators are looking at dozens of crashes involving so-called advanced driver assistance, or ADAS, systems. ADAS systems handle basic driving tasks such as keeping the vehicle in its lane while maintaining a safe distance behind vehicles ahead, usually in highway driving only. Fourteen of these systems, including two from Ford, were recently rated by the private Insurance Institute for Highway Safety.

Persons: Jacek Boczarski, Ford, IIHS, Jennifer Homendy Organizations: CNN, National, Traffic Safety Administration, National Transportation Safety, Ford, of Highway Safety, NTSB, Chicago Auto, McCormick, Getty, NHTSA, Wall Street, Federal, General Motors, Volvo, Insurance Institute for Highway Safety Locations: “, San Antonio, Chicago , Illinois, Anadolu, Ford, Texas

☆ Hertz CEO out following electric car ‘horror show’
▼ + stars: | 2024-03-18 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —Trouble and turmoil continue at rental car company Hertz. But the problem for Hertz wasn’t necessarily that the cars were electric, and customers simply do not want to drive electric cars. There might not be a charging station, or enough time, for a rental car customer to charge an EV, Ives said. These cases sometimes resulted in Hertz customers being arrested and even imprisoned. Scherr wasn’t the one who decided to make the big bet on EV demand by rental car customers.

Persons: Stephen Scherr, Goldman Sachs, He’ll, Gil West, Hertz, EVs, Tesla, ”, Daniel Ives, Ives, ” Ives, Scherr, Mark Fields, Ford, Paul Stone, Stone Organizations: New, New York CNN, Hertz, Delta Air Lines, General Motors, American, Wedbush Securities, EV, Volvo, Avis Budget Group, Tesla, Avis Budget, Enterprise Locations: New York, EVs, Tesla, Polestar

The union has come close to representing workers at the VW plant in two previous elections. Some prominent Tennessee Republican politicians had urged workers to vote against the union during both campaigns. The year after the 2014 vote failed, 160 Chattanooga maintenance workers won a vote to form a smaller union, but Volkswagen refused to bargain. In November, VW gave workers an 11% pay raise at the plant, but the union says VW's pay still lags behind Detroit automakers. Top assembly plant workers in Chattanooga make $32.40 per hour, VW said.

Persons: —, we'll, Yolanda Peoples Organizations: DETROIT, United Auto Workers, Workers, National Labor Relations Board, UAW, Detroit automakers, Tesla, Nissan, Mercedes, Benz, Hyundai, Kia, Toyota, Honda, VW, NLRB, Volkswagen, Tennessee Republican, General Motors, Ford, Detroit Locations: Chattanooga , Tennessee, Chattanooga, Tennessee, Mercedes, Vance , Alabama, Tuscaloosa, Alabama

WASHINGTON (AP) — Astronaut Thomas P. Stafford, who commanded a dress rehearsal flight for the 1969 moon landing and the first U.S.-Soviet space linkup, died Monday. He died in a hospital near his Space Coast Florida home, said Max Ary, director of the Stafford Air & Space Museum in Weatherford, Oklahoma. Photos You Should See View All 60 ImagesThe Apollo 10 mission in May 1969 set the stage for Apollo 11’s historic mission two months later. He volunteered for the Air Force and had hoped to fly combat in the Korean War. After the Apollo-Soyuz mission, Stafford returned to the Air Force and worked in research and commanded the Air Force Flight Test Center before retiring in 1979 as a three-star general.

Persons: Thomas P, Stafford, Max, Tom Stafford, Bill Nelson, “ Tom, Gene Cernan, John Young, Charlie Brown, ” Stafford, Alexei Leonov, Tom, Gerald Ford, Leonid Brezhnev, “, you’re, Neil Armstrong, Frank Borman, Pete Conrad, Wally Schirra, Stafford’s, Cernan, didn’t, Get, Linda Organizations: WASHINGTON, Air Force, Coast, Stafford Air & Space Museum, NASA, Apollo, Soviet Union, Disney World, Soyuz, Russian, Space, U.S . Naval Academy, Air, Gemini, Gene, Stafford's Air Force, Pentagon Locations: U.S, Stafford, Coast Florida, Weatherford , Oklahoma, Soviet, Soviet Union, Russia, Oklahoma, Florida, Cape Canaveral

☆ UAW files for union vote at Volkswagen’s Tennessee plant
▼ + stars: | 2024-03-18 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —The United Auto Workers union is seeking a union representation vote among more than 4,000 hourly workers at the Volkswagen plant in Chattanooga, Tennessee. The union has announced a broad-based campaign to win representation at the American plants of 13 nonunion automakers. That is slightly more than the union’s representation at the three unionized automakers, which have about 145,000 UAW members between them. The VW Chattanooga plant is the only factory operated by VW that does not have union representation. Once the election process starts, management often holds mandatory meetings with staff to make the case against union representation, and that convinces some earlier supporters of the union to end their support.

Persons: –, ”, Victor Vaughn, ” Vaughn, “ Organizations: New, New York CNN, United Auto Workers, Volkswagen, BMW, Honda, Hyundai, Mazda, Nissan, Subaru, Toyota, Volvo, – Tesla, –, Motors, Ford, Jeep, Dodge, Chrysler, VW, ” Locations: New York, Chattanooga , Tennessee, VW Chattanooga, Chattanooga

☆ VW Workers Seek Union Vote at Tennessee Plant for Third Time
▼ + stars: | 2024-03-18 | by ( Neal E. Boudette | ) www.nytimes.com time to read: 1 min

Volkswagen employees in Tennessee who are hoping to join the United Automobile Workers asked a federal agency on Monday to hold an election, a key step toward the union’s longtime goal of organizing nonunion factories across the South. With the union’s backing, Volkswagen workers filed a petition with the National Labor Relations Board asking for a vote on U.A.W. representation, saying that more than 70 percent of the 4,000 eligible workers at the plant had signed cards supporting the union. “Today, we are one step closer to making a good job at Volkswagen into a great career,” Isaac Meadows, an assembly worker at the plant, said in a statement. If held, an election would be the first test of the U.A.W.’s newfound strength after staging a wave of strikes in the fall against the three Detroit automakers — General Motors, Ford Motor and Stellantis — and winning record wage increases.

Persons: ” Isaac Meadows, ’, — Organizations: United Automobile Workers, Volkswagen, National Labor Relations Board, “, Detroit, —, Motors, Ford Motor Locations: Tennessee

☆ VW is reviving a storied American brand to sell electric SUVs
▼ + stars: | 2024-03-17 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

CNN —When Volkswagen decided to relaunch the Scout SUV brand it took a very unusual step. The revived and revamped Scout Motors will introduce its new brand of all-electric off-road-capable SUVs, kind of like Rivian. Buzz, an electric update of the classic hippie bus, VW is touching on nostalgia to reach a new generation of car buyers. VW came to own the trademark for the defunct brand in 2021 when it purchased Navistar, a successor company to International Harvester. Scout’s parent company, Volkswagen, is building its own EV battery plant in Canada and a battery engineering lab in Chattanooga, Tennessee.

Persons: it’s, Oliver Blume, “ What’s, ”, Erin Keating, Scott Keogh, Dave Mondragon, who’s, they’ll, Keogh, ” Keogh, ” Keough, Chris Benjamin, isn’t, roader, Keating Organizations: CNN, Volkswagen, Scout, Volkswagen Group, Audi, Porsche, VW, ” Volkswagen Group, Cox Automotive, Harvester, International, Bentley, Lamborghini, North, Ford, P Global Mobility, Dealers, Scout Motors, US . Scout Motors, Volkswagen North, Volvo, Mercedes, BMW, Tesla Locations: United States, America, Volkswagen North America, Blythewood , South Carolina, South Carolina, Novi , Michigan, Canada, Chattanooga , Tennessee

☆ Travel news: These are the global airports passengers love the most
▼ + stars: | 2024-03-16 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +7 min

CNN —In travel news this week: passenger–pleasing airports, cool streets around the world, France’s frog-leg crisis and Ireland’s best food and drink. World’s best airportsThe busy beavers at Airports Council International have gathered nearly 600,000 surveys from travelers at more than 400 airports around the world and have revealed the passengers’ favorites. What’s Japan’s most international city? DenisTangneyJr/iStockphoto/Getty Images Topeka, Kansas: Choose Topeka doesn’t just focus on remote workers. Ron Buskirk/Alamy Stock Photo Rochester, New York: The Greater ROC Remote program offers $10,000 in grants and incentives (plus another $9,000 for home-buying grants).

Persons: South Carolina • Gerald R, Mohammed, Patrick’s, you’ll, –, Saint Patrick, ”, they’ve, John Hope Franklin, Tyler Layne, Ali Majdfar, Roberto Galan, Ron Buskirk, Denis Tangney Jr, Walter Bibikow, Ann Arbor, Paul Brady, Titanic, “ It’s Organizations: CNN, Council International, Spartanburg International, Ford International, Mohammed V International, Turkey • Guayaquil International, Salalah, Oman • Sultan Hasanuddin International, Green, of, US Centers for Disease Control, John Hope Franklin Reconciliation, Getty Images, Topeka doesn’t, Getty, Shoals, ROC Remote, Images, Miami Beach Locations: Greenville, South Carolina, Michigan, Rome, Italy, Morocco • Izmir Adnan Menderes, Turkey, Ecuador, Oman • Sultan, Indonesia • Yogyakarta, Indonesia, Asia, Tokyo, Spain, Valencia, of Europe, Happy, Ireland, South Korea, Tulsa , Oklahoma, Tulsa, Tulsa West Virginia, New, West Virginia, Getty Images Indiana, Evansville, Getty Images Topeka , Kansas, Topeka, Kentucky, Mayfield, Graves, Alabama, Tuscumbia, Rochester , New York, Images Alaska, Alaska, Sitka, Getty Images Michigan, Ann

☆ The Tesla Cybertruck can be difficult to maneuver, auto expert says
▼ + stars: | 2024-03-16 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

AdvertisementAuto expert Sandy Munro took a Tesla Cybertruck on a mini road trip and had one main complaint — the truck can be difficult to maneuver at times. Instead, Tesla has a rearview camera that displays on the truck's massive infotainment system. The auto expert is far from the first to express frustration with backing up in the Cybertruck. "A camera feed constantly runs on the center screen, but I still checked the rearview mirror out of habit every few minutes." "You have to be cognizant all the time that this is a big truck," Munro said of the Cybertruck.

Persons: Sandy Munro, —, Tesla, Munro, I've, Pharrell Williams, Clint Simone, Edmunds, MotorTrend, Scott Evans, Marques Brownlee Organizations: Service, Ford Locations: CybertruckATX, Grand Rapids , Michigan

DETROIT (AP) — The National Transportation Safety Board is investigating a fatal crash in San Antonio, Texas, involving a Ford electric vehicle that may have been using a partially automated driving system. In a statement, Ford said it is researching the crash and the facts are not yet clear. The company expressed sympathy to those involved and said it reported the crash to the National Highway Traffic Safety Administration. Both NHTSA and the NTSB have investigated multiple previous crashes involving partially automated driving systems, most involving Tesla's Autopilot. In past investigations, the NTSB has examined how the partially automated system functioned.

Persons: Ford Organizations: DETROIT, Transportation Safety, Ford, Highway, NTSB, Honda, U.S, National, Traffic Safety Administration, NHTSA Locations: San Antonio , Texas, Texas, U.S, Canada, San Antonio

☆ These deep value stocks have strong balance sheets and solid earnings, Wolfe Research says
▼ + stars: | 2024-03-15 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Some hidden gems still exist within the large numbers of stocks trading at sky-high prices, according to Wolfe Research. In a recent note, the research firm released its list of top deep value companies, which have strong earnings and balance sheets. The company's 2024 free cash flow yield is estimated at around 4%, per Wolfe. The company reported revenue for the fourth quarter that came in ahead of analysts' expectations, per FactSet, and it declared a cash dividend of 45 cents per share. Alliance Resource Partners sports a 14.2% dividend yield, but shares are down more than 7% in 2024.

Persons: Wolfe, Ford, Buckle, Cousins Organizations: Wolfe Research, Nvidia, AAA, Ford, Star, Carriers, Resource Partners

☆ These 7 portfolio stocks boosted their dividends this year, with more likely on the way
▼ + stars: | 2024-03-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

The hikes also sweeten the potential total return for their stocks at a time when some Wall Street strategists are shining a light on that performance metric. That performance metric captures not just stock price moves but also gains from reinvested dividends. The difference between stock price performance and total return can be substantial, underscoring the benefits of reinvesting dividends. Consider that over the past 10 years, Linde's stock price has climbed 260%, according to FactSet. Eaton's stock price has climbed 321% over the past decade while its total return is 462%.

Persons: Savita Subramanian, Jim Cramer's, Eli Lilly, Linde, Stanley Black, Decker, Jim Cramer, Jim, Spencer Platt Organizations: Disney, TJX Companies, . Eaton Corp, Linde, DuPont de Nemours, Coterra, Procter, Gamble, Bank of America, Meta, Alto Networks, Bausch Health, Abbott Laboratories, Broadcom, Costco Wholesale, Ford Motor, Nvidia, Apple, Costco, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Cincinnati, New York City

☆ Tesla to pay $42 million for employee crash that injured motorcyclist
▼ + stars: | 2024-03-15 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

The Tesla Inc. logo is captured on a sign of one of its shops in Zurich on Nov. 13, 2023. Tesla and the employee, Kyle Kaszuba, must pay more than $42 million in damages to the victim, Christopher Dugan, a Marion County jury said in a Wednesday verdict. The jury found that Dugan was 30% liable for the crash, reducing the award from $60 million to $42 million. The crash occurred while Kaszuba was operating a 2014 Ford vehicle owned by Tesla either with the permission of Tesla or while working in his capacity as a Tesla employee, Dugan alleged in his initial complaint. The gas station near where the crash occurred is located just outside of a ramp to I-465, the ring road that encircles Indianapolis.

Persons: Tesla, Kyle Kaszuba, Christopher Dugan, Dugan, Kaszuba, Quinn Emanuel, Nick Rowley, — CNBC's Lora Kolodny Organizations: Tesla, Ford, Ford Super, Inc, View Locations: Zurich, An Indiana, Marion, Indianapolis

☆ ‘Manhunt’ review: Tobias Menzies stars in Apple’s bland Lincoln-assassination thriller
▼ + stars: | 2024-03-15 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

CNN —What sounds like an enticing historical thriller mostly falls flat in “Manhunt,” an Apple TV+ series about the frantic search for John Wilkes Booth after he assassinated Abraham Lincoln. Anthony Boyle as John Wilkes Booth in "Manhunt." That’s especially true of Booth, through no fault of Boyle’s, who as written possesses less depth than his flamboyantly villainous mustache. “Manhunt” sounds promising on paper, only to mirror Apple’s even-splashier World War II series “Masters of the Air” by offering a meticulously produced window into the past that only fitfully gets off the ground. “Manhunt” premieres March 15 on Apple TV+.

Persons: John Wilkes Booth, Abraham Lincoln, James L, Edwin Stanton, Tobias Menzies, “, Outlander, ’, Booth, Anthony Boyle, Lincoln, Hamish Linklater, Samuel Mudd, Matt Walsh, detours, Menzies, Stanton, Andrew Johnson, Glenn Morshower, Honest Abe Organizations: CNN, Apple, Lincoln’s, Apple’s “, Ford’s Theatre Locations: Washington

What’s next for ByteDance’s U.S. investors? DealBook has spoken with people in the know about what these investors, including financial giants like the Susquehanna International Group, can do, with billions of dollars on the line. Mnuchin, a former Treasury secretary, told Andrew on CNBC on Thursday that he was in talks with a “combination of U.S. investors” about a TikTok deal. He added that he had spoken with some of the investors in ByteDance, TikTok’s Chinese parent, about possibly rolling over their stake. of the video game giant Activision Blizzard, also reportedly has been looking for potential partners for a bid.

Persons: What’s, ”, DealBook, Steven Mnuchin, Andrew, Bill Ford, Bobby Kotick Organizations: ByteDance’s U.S, U.S, Susquehanna International Group, CNBC, Activision Locations: Beijing, China, ByteDance

☆ Former Ford CEO: Mainstream consumers will adopt electric vehicles when they're more convenient
▼ + stars: | 2024-03-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Ford CEO: Mainstream consumers will adopt electric vehicles when they're more convenientMark Fields, former Ford CEO and CNBC contributor, joins 'Squawk on the Street' to discuss how automakers will convince non-adopters to buy electric vehicles, concerns the mainstream consumer has, and more.

Persons: Fields Organizations: Former Ford, Ford, CNBC

☆ CNBC Daily Open: U.S. retail sales in sharp focus
▼ + stars: | 2024-03-14 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks end mixedWall Street ended mixed Wednesday, dragged down by tech stocks as investors await key updates on retail sales and producer prices. "If you have a position that does not cost you ever to lose an employee, it's not a position," Karp said in an interview on CNBC. [PRO] China stocks worth the riskChinese stocks are a "risk worth taking," said Jason Hsu, chairman and chief investment officer of Rayliant Global Advisors.

Persons: Israel, Alex Karp, it's, Karp, Jason Hsu Organizations: CNBC, Nasdaq, Dow, House, U.S . House, Ford Motor, General Motors, Mercedes, Benz, Rayliant Global Advisors Locations: Israel, China

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