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☆ Jennifer Crumbley's affair will now be allowed as evidence in Michigan school shooting trial
▼ + stars: | 2024-02-01 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Read previewThe jury in Jennifer Crumbley's manslaughter trial is hearing evidence about her Costco parking lot love affair after the judge on Wednesday reversed her decision to keep it out of court. Jennifer and James Crumbley face involuntary manslaughter charges in connection with the Oxford High School shooting in November 2021 carried out by their son. The Crumbleys originally planned to stand trial together but in November requested separate trials after prosecutors claimed in court filings that Jennifer Crumbley blamed her husband for the shooting. At the time, the judge ruled that evidence of the affair would not be allowed at trial. But that ruling was reversed on Wednesday after Brian Meloche — the firefighter with whom Jennifer Crumbley was having the affair — testified .

Persons: —, Jennifer Crumbley's, Jennifer, James Crumbley, Jennifer Crumbley, Brian Meloche, Shannon Smith, Crumbley, Meloche, Smith, he'd, Julie Nicholson, Nicholson, She's isn't Organizations: Service, Oxford High School, Business, Prosecutors

☆ Jim Cramer says the valuation of Big Tech megacaps is well-deserved
▼ + stars: | 2024-02-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Thursday told investors not to be wary of the Big Tech megacap stocks, saying their high valuation is well-earned. But Cramer refuted such claims, saying all of these tech names have hefty revenue streams to back up their valuations. He pointed out the proven probability of the megacaps, including three that reported quarterly earnings Thursday after the bell: Apple, Meta and Amazon. Cramer said the three generated upward of $300 billion in revenue and nearly $59 billion in net income combined. "You may think that these megacap stocks are somehow wrongly valued versus the rest of the market," Cramer said.

Persons: CNBC's Jim Cramer, doesn't, Cramer Organizations: Big Tech, Microsoft, Nvidia, Meta

Greg Abbott's escalating feud with the Biden administration over immigration enforcement, some governors are considering deploying National Guard members to the border — again. Republicans say tougher actions along the border are needed in response to record levels of illegal crossings, but sending guard members to the border is not new. DeSantis is one of more than a dozen Republican governors who have sent state National Guard units to the southern border since 2021. Here's what to know about National Guard on the border to date:Photos You Should See View All 45 ImagesWHAT IS HAPPENING AT THE TEXAS BORDER? During a rushed deployment of Texas National Guard members at the start of the mission, some also complained of low morale and uneventful patrols.

Persons: Greg Abbott's, Biden, Ron DeSantis, Abbott, Kristi Noem, Brad Little, Joe Biden, Kim Reynolds, Maura Healey, Sean Murphy, Julie Carr Smyth, Gary Robertson, Hannah Fingerhut, Michael Schneider Organizations: —, Texas Gov, National Guard, Florida Gov, U.S, Border Patrol, Texas, Shelby, Texas National Guard, Supreme, WHO, Florida Division, Emergency Management, West Virginia ., West Virginia . South Dakota GOP Gov, Idaho Gov, Lone Star, Iowa Gov, Guard, GUARD, Democratic Gov, Operation Lone Star, Associated Press Locations: AUSTIN, Texas, Florida, Eagle, TEXAS, U.S, Mexico, Shelby Park . Texas, Rio, Arkansas , Oklahoma , Nebraska, Virginia, West Virginia, West Virginia . South, Abbott’s, Dakota, In Massachusetts, Oklahoma City, Columbus , Ohio, Raleigh , North Carolina, Des Moines , Iowa, Orlando , Florida

Learn moreBusiness Insider Reviews has been covering the best pet products for more than five years. AdvertisementWhat types of pet products we coverFood: After hundreds of hours of interviews and research, we carefully selected the best cat foods and best dog foods. We also put dozens of litters to the test for our guides to the best cat litters and natural cat litter. Veterinarians and professional groomers also helped us narrow down the best dog toothpastes, dog dental chews, cat dental products, dog shampoos, and cat shampoos. Her article on pet anxiety in Pet Sitting Magazine was also nominated for The PSI Professional Pet Care Award.

Persons: We've, Ollie, we've, groomers, shampoos, Lisa Sabatini, Lisa, basset, JoAnna Pendergrass, JoAnna, Emory University's, Janelle Leeson, Janelle, Dodo, Shoshi Parks, Shoshi, Phoebe, Christy Caplan, Christy, Sherman, Walter, You'll, Jackie Brown, Jackie, Dr, Julie Liu, Liu, — Organizations: Health, Animal Association, Association of American, Business, Wall Street, JPen Communications, Virginia - Maryland College of Veterinary Medicine, Emory, Emory University's Yerkes, Primate Research, Insurance, Rover, Shop, USA, Freelance, Shoshi Parks, NPR, Smithsonian, Atlas Obscura, Portland Community College, Dog Writers Association of America, Animal Wellness, Product, Pet Health, Service Locations: Virginia, Shoshi, Oregon, Austin , Texas, Austin

☆ Cramer's Lightning Round: SLB is a buy
▼ + stars: | 2024-02-01 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Chewy's year-to-date stock performance. Stock Chart Icon Stock chart icon JetBlue's year-to-date stock performance. JetBlue : "These are airline stocks, and the airline stocks should have been making a lot more money, and I'm not going to start inventing reasons why we should own them. Stock Chart Icon Stock chart icon Home Depot's year-to-date stock performance. Stock Chart Icon Stock chart icon SLB's year-to-date stock performance.

Persons: I'm, it's Organizations: JetBlue

Story highlights Biden goes to Michigan to meet with UAW members a week after receiving the union's endorsement Trump and Biden are battling for the votes of union members. While in Michigan on Thursday, the president will be meeting with UAW members, a Biden campaign official told CNN. The event, at a union hall near Detroit, will feature an “informal” conversation with union members, according to the campaign. In a fiery speech while delivering the group’s endorsement, UAW President Shawn Fain said Biden was the clear choice in a matchup with Trump. Since the group publicly backed Biden, Trump has hit back, slamming Fain as a “dope” and vowing that he could revive the automobile industry in the United States.

Persons: Joe Biden, Donald Trump, Biden, –, Trump, Shawn Fain, “ Joe Biden, ” Fain, ” Biden, “, Fain, Julie Chavez Rodriguez, Dearborn Mayor Abdullah Hammoud, ” Chavez Rodriguez, Rashida Tlaib, Chavez Rodriguez, Biden’s, Karine Jean, Pierre, ”, Jean Pierre Organizations: Washington CNN, United Auto Workers, Michigan, Teamsters, Trump, UAW, Wednesday, Biden, CNN, Democratic Party, Democratic, Dearborn Mayor, ”, White Locations: Michigan, Washington, Detroit, United States, Israel, Gaza, Eastern, California, Virginia

☆ Cramer says the IPO market has been 'hit or miss,' telling investors to stay away from Amer Sports
▼ + stars: | 2024-02-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Even though the IPO market is heating up, CNBC's Jim Cramer said he thinks it's been "hit or miss" so far. He told investors not to buy Amer Sports, which debuted Thursday at a discount, saying the company has a poor balance sheet. "And, I've got to tell you, Amer Sports is a great example of the kind of deals I wish we weren't seeing." Saddled with $2.1 billion in debt, Amer Sports has a balance sheet that is "less than ideal," according to Cramer. Cramer conceded that Amer Sports has seen decent growth over the last few years, but much of that growth came from sales in China.

Persons: CNBC's Jim Cramer, it's, I've, Wilson, Arc'Teryx, Cramer, Amer Organizations: Amer Sports, Birkenstock, BrightSpring, Amer Locations: Amer, China

☆ Jim Cramer says to look for 'sleeper' stocks as hot names retreat
▼ + stars: | 2024-01-31 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer reviewed Wednesday's market action, telling investors to look beyond hot stocks and pay attention to "sleepers." "The game is self-correcting: The too-hot eventually cool down, the sleepers wake up and get too expensive themselves," he said. To Cramer, this piece of Fed action and resulting sell-off means investors can be more decisive about their portfolios. Cramer looked at several high-profile stocks that reported solid numbers Tuesday night but fell Wednesday, saying investors had raised expectations too much before earnings. "With this background of the Fed doing nothing, you got to err on the side of picking players that haven't run too much," Cramer said.

Persons: CNBC's Jim Cramer, Wall, Cramer Organizations: Federal Reserve, Microsoft, Starbucks

☆ Cramer's Lightning Round: Devon Energy is a buy
▼ + stars: | 2024-01-31 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Devon Energy's year-to-date stock performance. Devon Energy : "It's too low...$40, buy Devon [buy, buy, buy!]." Stock Chart Icon Stock chart icon Super Group's year-to-date stock performance. Stock Chart Icon Stock chart icon Simpson Manufacturing's year-to-date stock performance. Stock Chart Icon Stock chart icon Starwood Property Trust's year-to-day stock performance.

Persons: Devon Energy's, Simpson, they're, Sternlicht, Woodward Organizations: Devon, Devon Energy, Super, Simpson, Starwood, Starwood Property Locations: Devon

☆ Cramer names railroad stocks to watch as Red Sea troubles shake up freight routes
▼ + stars: | 2024-01-31 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Wednesday suggested railroad stocks may be starting to climb. "Boy is that terrific for the West Coast operators, and there you're thinking about Union Pacific and Canadian Pacific Kansas City." Cramer reviewed earnings reports from Union Pacific , Canadian Pacific Kansas City , CSX and Norfolk Southern , saying all except the latter have potential. Canadian Pacific Kansas City saw the largest volume growth of the bunch. If investors feel confident about the economy, they have Cramer's "blessing to stick with Union Pacific, Canadian Pacific, or CSX — in that order, by the way — and forget about Norfolk Southern for the moment."

Persons: CNBC's Jim Cramer, Cramer, we've, — you've Organizations: West Coast, Union Pacific, Canadian Pacific, Canadian Pacific Kansas City, Norfolk, Pacific's, Canadian, CSX, Norfolk Southern Locations: Yemen, Red, West Coast, Suez, East Coast, Canadian Pacific Kansas, Canadian Pacific Kansas City, CSX, Canadian Pacific, Ohio

☆ We've studied over 30,000 couples—here are 6 phrases you'll hear in the most successful relationships
▼ + stars: | 2024-01-30 | by ( Dr. John Gottman | Dr. Julie Schwartz Gottman | ) www.cnbc.com time to read: +2 min

We've organized our suggestions into six categories of phrases and what kind of repair they help with. These are tried-and-true phrases for calming down an escalated conflict, pulled from years of observation of over 30,000 couples:1. "I feel"Use this when you need help expressing your emotions in the moment. "I need to calm down"Use this when you start feeling flooded and/or need a moment of repair. "I'm sorry"Use this when you need help phrasing an apology.

Persons: we've

☆ Nucor CEO explains what led the steelmaking company to its third-most profitable year
▼ + stars: | 2024-01-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Nucor CEO Leon Topalian debriefed the steelmaking company's Tuesday earnings report with CNBC's Jim Cramer, explaining why the company has been especially profitable over the past few years. "This represents the third most profitable year in Nucor's history behind 2022 and 2021," Topalian said in the company earnings call. "In fact, Nucor's combined net earnings over the past three years exceeds the combined net earnings of the last 20 years. This is a testament to the focus and dedication of our team as we execute our strategy to grow the core, Expand Beyond, and live our culture." Topalian said Nucor benefits from a number of government initiatives that boost demand for steel and incentivize domestic manufacturing.

Persons: Leon Topalian, CNBC's Jim Cramer, Nucor, Topalian, Tuesday's Organizations: Biden Locations: North America, U.S, Nucor, United States

☆ Cramer says there's 'too much noise' in the market after Big Tech shares stumble
▼ + stars: | 2024-01-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer examined Tuesday's "wild" market action, saying it may be best to wait before making any big decisions. "There's just too much noise here, let's just wait and see," he said. Cramer said Tuesday marked a reversal, with previously booming Big Tech stocks taking a hit while stocks outside the sector — like banks, steel makers and automakers — saw gains. "Are these all island reversals that are just too difficult to overcome, where the stocks open up big and then plummeted?" "Or is tech taking a breather until some of that juicy money from the sidelines takes advantage of the first price break of 2024?"

Persons: CNBC's Jim Cramer, Tuesday's, There's, Cramer, — Organizations: Big Tech, Nasdaq, Dow Jones, Microsoft, AMD

☆ Cramer's Lightning Round: 'Hard pass' on Surgery Partners
▼ + stars: | 2024-01-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Surgery Partners's year-to-date stock performance. Stock Chart Icon Stock chart icon Energy Transfer's year-to-date stock performance. Stock Chart Icon Stock chart icon DigitalOcean's year-to-date stock performance. Stock Chart Icon Stock chart icon Vodafone's year-to-date stock performance. Stock Chart Icon Stock chart icon MP Materials' year-to-date stock performance.

Persons: it's, they're, I'm Organizations: Surgery Partners, Energy, Vodafone, Verizon, Therapeutics, CRISPR Therapeutics

☆ More people need transplants than there are organ donors. Pigs might offer a solution
▼ + stars: | 2024-01-30 | by ( Jen Christensen | ) edition.cnn.com time to read: +23 min

The need for more transplant organs is immense and growing. Researchers have transplanted genetically modified pig kidneys and hearts into people who were brain-dead to test whether they work in humans. Although Larry Faucette was too sick for a human heart transplant, University of Maryland doctors said he seemed physically strong enough for a genetically modified pig heart. It was more than a decade after the first heart transplant but long before such procedures became relatively routine. “We learned that the pig heart is an adequate substitute for a human heart.

Persons: Lawrence Faucette, Ann, he’d, ” Ann, Larry Faucette, Ann Faucette Ann, Larry, didn’t, ”, Robert Montgomery, “, Shelby Lum, ” Montgomery, Xenotransplantation, Art Caplan, Caplan, Babe ”, ” Caplan, They’re, eGenesis, people’s, Dr, Mike Curtis, Sanjay Gupta, ” Curtis, hasn’t, Julie O’Hara, Jim Parsons, Jayme Locke, couldn’t, Locke, Parsons, NYU —, Montgomery —, O’Hara, ” Locke, David Bennett Sr, Mary, David Jr, Bartley Griffith, Bennett, they’ve, Muhammad M, Mohiuddin, Larry Faucette’s, David Bennett’s, ” Griffith, xenotransplantation Ann Faucette, Wilbur, White’s, Ann Faucette, NYU ethicist Caplan, they’re, NYU’s Montgomery, UAB’s Locke, Steve Wood, ’ Curtis, “ I’m, it’s, ” O’Hara, Bennett’s, Larry Faucette —, ” Bennett’s, Faucette, who’d, Griffith, would’ve, Kate, Lucy, Nadia Kounang Organizations: CNN, Food and Drug Administration, University of Maryland, FDA, National Institute of Allergy, NYU Langone Transplant Institute, NYU Langone's Transplant, NYU Grossman School, Medicine’s Department of Population Health, “ Disney, University of Alabama, Transplant Institute, Parsons Family, Birmingham, NYU, University of Maryland School of Medicine, Doctors, University of Maryland Medical Center, Uno, UAB, CNN Health, NFL Locations: Frederick , Maryland, United States, Montgomery, “, Midwest, Yucatan, Maryland

☆ Tech companies focused on enterprise customers are dominating the market, Cramer says
▼ + stars: | 2024-01-29 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday said tech companies dominate the market because their primary customers are cash-rich businesses, not strapped consumers. "We have a market made of companies that sell into the enterprise and those stocks are doing fabulously," he said. "Then we have even more companies who serve the consumer, which is a much less attractive customer base right now, and their stocks, they're very tough to own." But Cramer conceded that Apple and Tesla differ slightly from the pack. "I don't worry about the concentration of winners in tech because, alas, the concentration makes sense," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, they're Organizations: Nvidia, Microsoft, Tesla, Apple

☆ NASCAR president talks new steaming deal, says Amazon is 'here to stay' in sports
▼ + stars: | 2024-01-29 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Monday interview with CNBC's Jim Cramer, NASCAR President Steve Phelps discussed his company's new deal with Amazon Prime streaming, saying Amazon is a sticking force in sports distribution. NASCAR announced last year it entered into a seven-year agreement with Prime Video, giving the platform exclusive rights to five of its Cup Series races in 2025. Phelps was "thrilled" about NASCAR's partnership with Amazon, saying the deal was his company's first "pure streamer" at its Cup Series level. Amazon averaged 13 million viewers during its first NFL game last season, with viewership on the platform growing 24% this season. Netflix is set to release a NASCAR documentary series, 'NASCAR: Full Speed,' on Tuesday.

Persons: CNBC's Jim Cramer, Steve Phelps, Phelps, there'll Organizations: NASCAR, Amazon Prime, NFL, Prime, Amazon, NBC, FOX, TNT, Warner Bros, Netflix Locations: Chicago

☆ As Buses of Migrants Arrive in Chicago Suburbs, Residents Debate the Role of Their Towns
▼ + stars: | 2024-01-29 | by ( Julie Bosman | ) www.nytimes.com time to read: +1 min

These days, it has also become a welcome center of sorts for migrants. Volunteers are working there daily, accepting donations of socks, puffy North Face jackets, snow pants and bars of soap. For more than a month, city officials said, buses from Texas have avoided Chicago entirely, dropping hundreds of migrants in suburbs that have been given no warning that they are en route. In December, Chicago enacted penalties for bus operators who drop off passengers outside of designated times and locations or without a permit. The dynamic has played out elsewhere as well, sending some migrants to New Jersey suburbs of New York City.

Organizations: Metra Locations: Wilmette, Chicago, Wilmette —, Texas, New Jersey, New York City

☆ Cramer's Lightning Round: 'We don't want' AMC
▼ + stars: | 2024-01-29 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Northrop Grumman's year-to-date stock performance. Stock Chart Icon Stock chart icon John Bean Technologies' year-to-date stock performance. Stock Chart Icon Stock chart icon AMC's year-to-date stock performance. Stock Chart Icon Stock chart icon Procore Technologies' year-to-date stock performance. Procore Technologies : "That's a very, very expensive stock...I say ka-ching ka-ching on some of that one."

Persons: Northrop, I'm, John Bean, AMC's Organizations: Northrop Grumman, John Bean Technologies, AMC, Technologies, Procore Technologies

Should terminally ill people be able to choose how they die? But for many Americans in similar circumstances, this is not an option. In this audio essay, the writer Steven Petrow shares the story of his sister’s last day and why MAID should be a right for everyone. Read Steven’s guest essay on Julie’s decision here. (A full transcript of this audio essay will be available by Monday.)

Persons: Julie Petrow, Cohen, —, Steven Petrow, Read

☆ Biden’s Gaza problems are deeper than just being interrupted in public
▼ + stars: | 2024-01-27 | by ( Camila Dechalus | ) edition.cnn.com time to read: +13 min

The administration appears to be struggling with finding Arab American and Muslim leaders who are willing to even meet with White House officials, and no Muslim or Arab American groups have endorsed Biden’s reelection bid. And I think that’s a pretty good descriptor of Arab American voters right now.”The ceasefire calls are coming from a diversity of progressive groups, including those representing Jewish voters, voters of color and young people – key parts of Biden’s winning 2020 coalition. In the last presidential election cycle, Biden received the support of several prominent Muslim American elected officials and community leaders. At least 146,620 of the 200,000 Muslim American voters in Michigan cast a ballot in the 2020 election cycle, according to an analysis by Emgage. Some Arab American and Muslim voters say even if Biden’s campaign ramps up their outreach, it will be too late.

Persons: Washington CNN —, Rashida Tlaib, Joe Biden, Biden, …, ”, Tlaib –, Biden’s, Julie Chavez Rodriguez, Abdullah Hammoud, he’s, ” Hammoud, CNN’s Kaitlan Collins, Hammoud, it’s, Kamala Harris ’, Harris, Harris ’, ” “, Hanan Shaheen, Wadee Alfayoumi, Joe ”, Adrian Hemond, “ He’s, Hemond, Chavez Rodriguez’s, Assad Turfe, Wayne, he’d, Chavez Rodriguez, there’s, “, we’ve, Osama Siblani, Siblani, Dilawar Syed –, –, Usamah Andrabi, Khalid Turaani, Farah Khan, Trump, Hillary Clinton, Nabila Taha, ” Taha, ” Michael Tyler, Ariana Afshar, Hassan Abdel Salam, Dawud Walid, Samraa Luqman, ” CNN’s Kaanita Iyer Organizations: Washington CNN, Michigan Democratic, Palestinian, firebrand, Muslim, CNN, Democratic, White, Dearborn, ”, Intergovernmental Affairs, American, American voters, Jewish, Arab American, Lebanese American, US Small Business Administration, Democratic Party, Republicans, Justice Democrats, Muslim American, Biden, Michigan, Trump ., University of Minnesota, Islamic, Trump Locations: Michigan, Palestinian American, Israel, Gaza, Tlaib, Detroit, Arab, ”, Palestinian, America, Illinois, Chavez Rodriguez’s Michigan, Gaza’s, Dearborn, Lebanese, Northville , Michigan, Minnesota, Florida, Georgia, Nevada, Pennsylvania, Washington ,, California

☆ Cramer's Lightning Round: Constellation Energy is a buy
▼ + stars: | 2024-01-26 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Constellation Energy's year-to-date stock performance. Constellation Energy : "We like those guys so much...All the kin of energy that I like under one roof [buy, buy, buy!]. Stock Chart Icon Stock chart icon Chegg's year-to-date stock performance. Stock Chart Icon Stock chart icon Timken's year-to-date stock performance. Stock Chart Icon Stock chart icon UnitedHealth's year-to-date stock performance.

Organizations: Constellation Energy

☆ Cramer's week ahead: Fed meeting, labor report, Big Tech earnings
▼ + stars: | 2024-01-26 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Cramer warned that the volume of reports next week coupled with comments from the Fed will make it a tough time for any solid investing decisions. On Monday, Cramer said he will be watching as steelmakers Nucor and Cleveland-Cliffs report earnings. The day features earnings reports from Pfizer , General Motors , Microsoft , Alphabet , Starbucks and AMD . Thursday is another big earnings day, with morning reports from Honeywell and Merck and then Apple , Amazon and Meta after close. He said if the unemployment rate doesn't hit 4%, investors shouldn't expect a March rate cut from the Fed.

Persons: CNBC's Jim Cramer, Cramer, you've Organizations: Federal Reserve, Pfizer, General Motors, Microsoft, AMD, Mastercard, Boeing, Honeywell, Merck, Apple, Meta, Chevron, Exxon Locations: Cleveland, Meta, China

☆ The U.S. has no federal bereavement leave. What to know about options at work when someone you love dies
▼ + stars: | 2024-01-26 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

Fg Trade | E+ | Getty ImagesYour employer may have its own policyAround nine out of 10 U.S. companies offer bereavement leave, according to the International Foundation of Employee Benefit Plans. Adam Lister | Moment | Getty ImagesThe leave companies provide tend to vary based on who in your life has died. The average for an immediate family member was around five days, compared to roughly one day for a close friend, IFEBP found. Some states offer bereavement leaveIn the absence of a federal bereavement leave policy, some states have established their own program or are trying to do so. A California law guarantees most employees five days of bereavement leave following the death of a family member.

Persons: Julie Stich, Stich, Johnson, Adam Lister, IFEBP, they've, " Stich Organizations: International Foundation of Employee Locations: U.S, California, Illinois

☆ Rivian CEO says EV market suffers from a lack of choice
▼ + stars: | 2024-01-26 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Rivian CEO RJ Scaringe on Friday discussed the electric vehicle market with CNBC's Jim Cramer, saying EV automakers need to give consumers a wider variety of models to choose from. "What I think we're witnessing today is a lack of choice," Scaringe said. Rivian is trying to broaden its offerings with a new line of R2 vehicles, which Scaringe will be smaller and less expensive than current Rivian models. Even Tesla , one of the few profitable EV companies, cut costs last year, reducing prices of new cars by 20%. But Scaringe said he's confident the world will eventually make a lasting shift to EVs, saying government policies will drive that change.

Persons: RJ Scaringe, CNBC's Jim Cramer, Scaringe, Rivian, Tesla, he's Organizations: EV, Biden Locations: U.S

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