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☆ Could see more job cuts and factory closures from European automakers, says Fmr. Ford CEO
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCould see more job cuts and factory closures from European automakers, says Fmr. Ford CEOMark Fields, former Ford CEO, joins 'Closing Bell Overtime' to talk warnings from European automakers, Ford's plan to boost EV sales, and more.

Persons: Mark Fields Organizations: Ford

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why U.S. auto factories are so unproductiveAutomakers aren't selling as many cars as they used to, and the EV transition is a lot rockier and slower than expected. Factory space in North America and around the world is empty and unused. Companies especially challenged are Ford, GM, Stellantis, Nissan, and EV makers such as Tesla and Rivian. That could mean billion dollar losses, job cuts and potential supply chain chaos. Automakers, industry analysts and even governments are adjusting expectations and preparing for an uncertain future.

Organizations: Companies, Ford, GM, Nissan, EV Locations: North America

☆ Hurricane Helene: Now comes the hard work of recovering
▼ + stars: | 2024-09-29 | by ( Steve Almasy | ) edition.cnn.com time to read: +18 min

Kathleen Flynn/Reuters Boats displaced by Hurricane Helene sit in front of homes in Treasure Island, Florida, on Saturday. Joe Raedle/Getty Images Hurricane Helene is seen in a satellite photo Thursday afternoon. He was briefed Sunday by Federal Emergency Management Agency Administrator Deanne Criswell and Homeland Security Adviser Liz Sherwood-Randall on recovery efforts from Hurricane Helene. Heavy rains from hurricane Helene caused record flooding and damage on September 28 in Asheville, North Carolina. Workers clear Cane Creek Road in the aftermath of Hurricane Helene on September 29 in Fairview, North Carolina.

Persons: Joe Biden, “, Meredith Keisler, Keisler, ”, Krista Cortright, Cortright, ” Cortright, Hurricane Helene, Gerald Herbert, Melissa Sue Gerrits, Sean Rayford, Elmira Glover, Kathleen Flynn, Helene, Joe Raedle, Marco Bello, Jonathan Drake, John Falchetto, Cassandra Randall, Jessica Downey, Greg Lovett, Hailey Morgan, Phelan M, Megan Varner, Sarah Cribbins, Michael, Luis Santana, Miguel J, Rodriguez Carrillo, Richard Burkhart, Mike Carlson, Mike Stewart, Candice Ocvil, Jibri Tolen, Erik S, Cristobal Herrera, Candace Redwine, Guy Ford, George G, Tapper, Ricardo Arduengo, Joe Burbank, Carol Poulson, Andrew West, Cynthia Centeno, Reuters Charles Starling, Stephen M, Dowell, Chandan Khanna, Thomas Simonetti, Pete Beach, Ramon Espinosa, Paola Chiomante, Michael Callahan, Duke, ” Callahan, –, Avril Pinder, Craig Fugate, William Ray, ” Fugate, ” Cooper, Biden, Brian Kemp, Roy Cooper, Deanne Criswell, Liz Sherwood, Randall, Criswell, Donald Trump, ” Trump, “ It’s, It’s, Ken Graham, Esther Manheimer, ” Manheimer, Michelle Coleman, CNN she’s, Coleman, ” Coleman, Gary O’Dell, he’s, I’ve, ” CNN’s Robert Shackelford, Sarah Dewberry, Rafael Romo, Jade Gordon, Ashley R, Williams, DJ Judd, Sunlen Serfaty, Lauren Mascarenhas, Eric Levenson, Isabel Rosales, Taylor Galgano, Sara Smart, Conor Powell, Caroll Alvarado, Caroline Jaime, Emma Tucker, Artemis Moshtaghian, Afshar, Raja Razek Organizations: CNN, White House, ” Workers, Hurricane, Getty, Reuters, USA, Tampa Bay Times, AP, AFP, East, Savannah Morning, United States Coast Guard, Walt Disney, Orlando Sentinel, Tribune, Service, Fairview Middle School, Fishel, State Emergency Operations Center, Washington Post, NOAA, Buncombe County , North Carolina –, Emergency, ”, Sunday, Georgia Gov, North Carolina Gov, Federal Emergency Management, Homeland, Weather, National Weather Service, Workers, WLOS, Asheville Dream Center Locations: North Carolina, South Carolina, Georgia, Florida, Tennessee, Virginia, Carolinas, Asheville, Marion, Western North Carolina, Hurricane, Steinhatchee , Florida, , North Carolina, Asheville , North Carolina, Treasure Island , Florida, Horseshoe Beach , Florida, Boone , North Carolina, Valdosta , Georgia, AFP, Laurel, Vilas , North Carolina, Crystal River , Florida, Peachtree Creek, Atlanta, , Florida, Savannah , Georgia, Savannah, Shore, St . Petersburg , Florida, Key , Florida, Tarpon Springs , Florida, Watauga, Sugar Grove , North Carolina, Port Saint Joe , Florida, Bay Lake , Florida, Fort Myers Beach , Florida, Tallahassee, Leon County , Florida, Eastpoint , Florida, Villages, Tallahassee , Florida, Gulfport , Florida, St, Cross City , Florida, Guanimar, Artemisa province, Cuba, Panacea , Florida, Puerto Juarez, Cancun, Mexico, Clearwater , Florida, Buncombe County , North Carolina, ”, Washington, North Carolina , Tennessee, Rehoboth Beach , Delaware, Florida , Georgia, Alabama, Bend, Alabama , Tennessee, Erie , Pennsylvania, West Virginia, Kentucky, Baltimore, Fairview , North Carolina, Vietnam

☆ Hurricane Helene: Southeast grapples with loss and destruction as Helene leaves over 60 dead, traps families and knocks out power
▼ + stars: | 2024-09-29 | by ( Dalia Faheid | ) edition.cnn.com time to read: +16 min

Here’s the latest:• Over 60 dead across 5 states: Deaths have been reported in South Carolina, Georgia, Florida, North Carolina and Virginia. • Dozens unaccounted amid communications outage: More than 200 people have been rescued from floodwaters in North Carolina after Helene wrought “biblical devastation,” Gov. Marco Bello/Reuters The Laurel Fork Road bridge is destroyed by floodwaters in Vilas, North Carolina, on Friday, September 27. Joe Raedle/Getty Images Hurricane Helene is seen in a satellite photo Thursday afternoon. A van sits in floodwaters near the Biltmore Village in Asheville, North Carolina, in the aftermath of Hurricane Helene on September 28, 2024.

Persons: Helene, Roy Cooper’s, Brian Kemp, Ron DeSantis, Glenn Youngkin, Roy Cooper, Avril Pinder, ” Pinder, Crews, Burke, Haywood, Joe Raedle, Elmira Glover, Kathleen Flynn, Marco Bello, John Falchetto, Jonathan Drake, Cassandra Randall, Jessica Downey, Greg Lovett, Hurricane Helene, Hailey Morgan, Phelan M, Megan Varner, Sarah Cribbins, Michael, Luis Santana, Miguel J, Rodriguez Carrillo, Richard Burkhart, Mike Carlson, Mike Stewart, Candice Ocvil, Jibri Tolen, Erik S, Cristobal Herrera, Candace Redwine, Guy Ford, George G, Tapper, Ricardo Arduengo, Joe Burbank, Carol Poulson, Andrew West, Cynthia Centeno, Gerald Herbert, Reuters Charles Starling, Stephen M, Dowell, Chandan Khanna, Thomas Simonetti, Pete Beach, Ramon Espinosa, Sean Rayford, Paola Chiomante, Helene “, Kemp, it’s, ” Kemp, Carolina ‘, ”, swamping, Cooper, ” Cooper, Stevie Hollander, Hollander, “, Sofia Grace Kunst, ” Kunst, Uno, van, Patrick McNamara, McNamara, ” McNamara Organizations: CNN, Gov, Getty, Reuters, USA, Tampa Bay Times, AP, AFP, East, Savannah Morning, United States Coast Guard, Walt Disney, Orlando Sentinel, Tribune, Service, Fairview Middle School, Fishel, State Emergency Operations Center, Washington Post, NOAA, National Weather Service, Biltmore, ” North Carolina Gov, Kunst Locations: Bend, Carolina, South Carolina , Georgia, Florida, North Carolina, Virginia, South Carolina, Saluda County, Georgia, Alamo, In Florida, Pinellas County, Craig County , Virginia, Buncombe County, Asheville –, McDowell County, •, Avery, Jackson, Rutherford, Watauga, Yancey, Treasure Island , Florida, Steinhatchee , Florida, Horseshoe Beach , Florida, Valdosta , Georgia, AFP, Boone , North Carolina, Laurel, Vilas , North Carolina, Crystal River , Florida, Hurricane, Peachtree Creek, Atlanta, , Florida, Savannah , Georgia, Savannah, Shore, St . Petersburg , Florida, Key , Florida, Tarpon Springs , Florida, Sugar Grove , North Carolina, Port Saint Joe , Florida, Bay Lake , Florida, Fort Myers Beach , Florida, Tallahassee, Leon County , Florida, Eastpoint , Florida, Villages, Tallahassee , Florida, Gulfport , Florida, St, Cross City , Florida, Guanimar, Artemisa province, Cuba, Panacea , Florida, Puerto Juarez, Cancun, Mexico, Clearwater , Florida, North Carolina , Georgia, ’, National Weather Service Greenville, Spartanburg , South Carolina, Appalachian, Asheville, Tennessee, Pigeon Forge, Gatlinburg, Virginia , Kentucky , Ohio, West Virginia, Pennsylvania, Asheville , North Carolina, ”, , North Carolina, Sofia, ’ North Carolina

But after the chaos of the last few months, one thing is certain: “Saturday Night Live” will be on hand to skewer it all. “SNL” alum Maya Rudolph will reprise her Emmy-winning role as Vice President Kamala Harris. “SNL” cast member James Austin Johnson will once again don a red tie to play former President Donald Trump. Bush (“Thousand points of light”) to Tina Fey as GOP vice presidential contender Sarah Palin (“I can see Russia from my house!”) during the 2008 election. “You have three people who are not as well known — Harris, Walz, Vance — so I think the caricatures on the show will help define who they are in the public imagination,” said Jones, the media professor.

Persons: Maya Rudolph, Kamala Harris, “, James Austin Johnson, Donald Trump, Jean Smart, Roll, Chevy Chase, Gerald Ford, Dana Carvey, George H.W, George H.W . Bush, Tina Fey, Sarah Palin, ’, ”, Jeffrey P, Jones, Rudolph, nodded, Harris, “ I’m, I’m, I’ve, Trump, Lorne Michaels, Alec Baldwin, “ Trump, James, ” Michaels, Tim Walz, Republican Sen, JD Vance, Ohio, Haley Joel Osment, Vance, ABC’s “ Jimmy Kimmel, Walz, Steve Martin, Martin, Joe Biden, — Harris, Vance —, Jason Reitman, Michaels, I’ll, Punkie Johnson, Molly Kearney, Chloe Troast, Ashley Padilla, Emil Wakim, Jane Wickline, Nate Bargatze, Ariana Grande, Stevie Nicks, Michael Keaton, Billie Eilish, John Mulaney, Chappell Roan Organizations: White, SNL, “ SNL, AARP, NBC, NBCUniversal, University of Georgia, Republican, Trump, Hollywood, Democratic Gov, Los Angeles Times, “, Coldplay Locations: George H.W ., Russia, Minnesota

☆ Costco's members are getting younger as millennial and Gen Z shoppers flock to wholesale clubs
▼ + stars: | 2024-09-28 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Costco is the latest warehouse club to tout its growing popularity with millennial and Gen Z shoppers. Sam's Club has reported similar trends as younger shoppers look to stretch their budgets. AdvertisementOne of the hottest clubs for millennials and Gen Z continues to be the wholesale club. AdvertisementThe news echoes results from Sam's Club, the Walmart-owned club store, where Gen Z membership has grown by 68% in the past two years. Related stories"That generation believes it's cool to save money, and we agree with them," Sam's Club CEO Chris Nicholas told CNBC in June.

Persons: —, Gen Z, Gary Millerchip, Millerchip, GoBankingRates, Dominic Wright, Placer.ai, That's, Hottovy, Chris Nicholas, Nicholas, Corey Tarlowe, Jordan, Ford Pinto, TJ, Tarlowe, you'll, Mercedes, Costco's Kirkland, Club's, Mark Organizations: Costco, Sam's, Service, millennials, Analytical Research, Business, Sam's Club, Walmart, CNBC, Jefferies, Price Club, TJ Maxx

☆ The shipbuilding empire fueling China's naval rise is a juggernaut, but tough questions remain
▼ + stars: | 2024-09-28 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

China's massive shipbuilding industry is key to its military's naval modernization. But military corruption and future maintenance issues raise questions about long-term sustainability. AdvertisementChina's shipbuilding industry is at the core of its efforts to modernize its navy, producing new warships at astonishing speeds. This important national ambition gives tremendous support to China's shipbuilding empire. Over the years, there have been signs of extensive corruption documented within the shipbuilding industry, as well as other parts of China's defense industry.

Persons: —, Gerald R, it's, it'll, Brian Hart, Matthew Funaoile, Funaoile, That's, Mike Sweeney, Sweeney Organizations: Service, of Naval Intelligence, Navy, Department of Defense, US Navy, Ford, Pentagon, Liberation Army Navy, Getty, Jiangnan Shipyard, Zhonghua Shipyard, China Power, Center for Strategic, International Studies, Getty Images, CSIS, Business, China State Shipbuilding Corporation, PLA, People's Liberation Army, Planet Labs PBC, U.S . Navy, Maxwell, Defense Locations: China, Fujian, Jiangnan, Getty Images China, Dalian, Huangpu Wenchong, Hong Kong, Hudong, Shanghai, Beijing, Wuhan

☆ Francis Ford Coppola borrowed over $100 million against his wine business to fund 'Megalopolis.' He's projected to earn less than $10 million back opening weekend.
▼ + stars: | 2024-09-28 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +3 min

Francis Ford Coppola spent over $100 million to fund his film "Megalopolis." AdvertisementFrancis Ford Coppola famously self-funded his newest epic "Megalopolis" — but unfortunately, it doesn't seem likely the film auteur will recoup the millions he invested. The film has received extremely mixed reactions from critics, with The Wall Street Journal calling it a "spectacular catastrophe." Lionsgate FilmsIn his new interview with The Wall Street Journal, Coppola explained how he funded the film by leveraging his own wine business, the Francis Ford Coppola Winery. Coppola told The Wall Street Journal.

Persons: Francis Ford Coppola, Coppola, —, It's, he'd, Palme, Adam Driver, Cesar Catilina, Nathalie Emmanuel, Julia, wasn't Organizations: Service, Street, Cannes, Wall, Lionsgate, Lionsgate Films, Wall Street, Sentinel Locations: New York City, Delicato, Inglewood, San Francisco

☆ John Carter called Katelyn Markham the love of his life. Then, he was charged with her murder.
▼ + stars: | 2024-09-27 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +10 min

On July 18, a judge sentenced Carter, 36, to the maximum prison term allowed under Ohio law — three years. John Carter with Katelyn Markham. Markham stayed home, Carter told authorities. There was no forensic, eyewitness or video evidence that provided a direct link between Carter and Markham’s death, Gmoser said. A litany of questions remained, Gmoser told “Dateline.” Was Markham killed in Indiana?

Persons: John Carter, Katelyn Markham, — Carter, NBC’s, ”, Markham’s, unraveled, Markham’s death.Weeks, Prosecutors, Carter, —, Michael Gmoser, ” Gmoser, Carter didn’t, Dave Markham, Dave, John, Carter —, Papa, Markham, hadn’t, Detectives, Rebecca Ervin, he’d, Gmoser said.Gmoser, they’d, Ervin, “, Carter wasn’t, Gmoser, ” Ervin, Stephen Maynard, Maynard, ‘, wouldn’t, ” Katelyn Markham, Katelyn, ” Paul Newton, ” Prosecutors, Newton, Weeks, ” “ Organizations: “, Fairfield, Fairfield Police Department, FBI, Ford, “ Dateline, ” Locations: Cincinnati, Indiana, Ohio, Butler, Colorado, Papa Johns, Carter’s, Carter

☆ I'm a multimillionaire, but I'm not leaving my kids any cash inheritance. I think it would be a mistake to make them wealthy.
▼ + stars: | 2024-09-27 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

Instead, he plans to pay for college, a car, a down payment, and make business loans. Here's what I'm doing instead, and how I talk with them about money and wealth. Courtesy of George ApplingI believe it's bad to make your kids wealthyI don't want to leave my children money because I believe it's bad to make your children wealthy. If the kids need $20 to go to the trampoline park with friends, I'll usually pay. I let the kids make mistakes with moneyAll my kids work during the summer, and saved about $1,000 each last year.

Persons: George Appling, —, Brian, I'm, it's, Rockefeller, they'd Organizations: Service, Harvard Business School, Nissan Pathfinder, Starbucks Locations: Sherwood

☆ Francis Ford Coppola's 'Megalopolis' cost $120 million and took decades to make. Critics say it's a 'spectacular catastrophe.'
▼ + stars: | 2024-09-27 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +2 min

Francis Ford Coppola's "Megalopolis" opens in theaters Friday after decades in development. The film, set in an imagined New York City, stars Adam Driver, Aubrey Plaza, and Giancarlo Esposito. AdvertisementThe saga of Francis Ford Coppola bringing his epic new movie "Megalopolis" to the big screen is almost as long and winding as the movie itself. Coppola even commissioned a symphony for the movie almost two decades before a single frame of it had been shot. The movie also stars Nathalie Emmanuel, Aubrey Plaza, Shia LaBeouf, Jon Voight, Laurence Fishburne, and Dustin Hoffman.

Persons: Francis Ford Coppola's, Adam Driver, Aubrey Plaza, Giancarlo Esposito, —, Francis Ford Coppola, Robert De Niro, Leonardo DiCaprio, Coppola, Cesar Catilina, Nathalie Emmanuel, Jon Voight, Laurence Fishburne, Dustin Hoffman Organizations: Service, Cannes Film, Lionsgate, Rotten Locations: New York City

☆ Morgan Stanley’s Jonas downgrades Ford and GM, citing China competition, problems with U.S. consumer
▼ + stars: | 2024-09-25 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

GM was lowered to underweight from equal weight, with the price target cut to $42 from $47. Additionally, Jonas lowered his rating on EV maker Rivian to equal weight from overweight, cutting his price target to $13 from $16. F GM 5D mountain F and GM fall Ford Motor shares have struggled in 2024, losing more than 10%. These headwinds, coupled with "peak earnings" and electric vehicle and regulatory risks, will also send GM shares lower. On Rivian, Jonas said, "The downgrade reflects our incorporation of the capital intensity of [autonomous vehicles] which may be required to fulfill the technological underpinnings that attracted Volkswagen as a JV partner."

Persons: Morgan Stanley's Adam Jonas, Ford, Jonas, Rivian Organizations: U.S, Ford Motor, General Motors, GM, Rivian, Ford, Volkswagen, Magna International, Federal Locations: China

Although he increased his price target to $150 from $130, the new price target is just around $2 higher from Tuesday's close price. — Fred Imbert 6:46 a.m.: Citi raises Roblox price target Citi is bullish on Roblox's long-term prospects in spite of some near-term rockiness. — Hakyung Kim 5:42 a.m.: Piper Sandler raises price target on Tesla Piper Sandler thinks Tesla may sell more vehicles than the firm previously expected. With this in mind, he raised his price target on Tesla shares to $310 from $300, signaling about 22% upside from Wednesday's close. TSLA YTD mountain TSLA year to date — Hakyung Kim 5:42 a.m.: Barclays upgrades Hewlett Packard Enterprise Rising demand for artificial intelligence servers will boost Hewlett Packard Enterprise shares, according to Barclays.

Persons: Piper Sandler, TD Cowen downgrades Expedia TD Cowen, Kevin Kopelman, Kopelman, EXPE, — Hakyung Kim, Morgan Stanley, Ford Morgan Stanley's Adam Jonas, Jonas, Ford, Fred Imbert, Jason Bazinet, we're, Bazinet, Roblox, Alex Straton, Straton, JPMorgan, Rodolfo Angele, Angele, Tesla Piper Sandler, Tesla, Alexander Potter, Potter, Hakyung Kim, Tim Long, HPE, Long Organizations: CNBC, Barclays, Hewlett Packard Enterprise, U.S, Ford Motor, GM, Citi, Nike, JPMorgan, Petrobras, Tesla, Hewlett, Enterprise, Juniper Networks Locations: China, U.S, Tuesday's, XLK

☆ Connecting your phone to rental car infotainment system? There is a big, hidden privacy risk
▼ + stars: | 2024-09-25 | by ( Barbara Booth | ) www.cnbc.com time to read: +6 min

The recent data breach that exposed the sensitive information of some 300,000 Avis customers highlighted some critical vulnerabilities within the rental car industry. Yet, there's another, often overlooked security risk when drivers use a rental car: the personal data you unknowingly leave behind when syncing your mobile device to a rental car's infotainment system. Privacy policies say the customer is responsibleExperts agree that car rental companies need to start implementing best practices to better protect customers. Despite this, many rental companies lag in applying adequate protections. When you read those car rental agreements, they say you leave the data in the car, it's your problem.

Persons: Ford's, Biden, Andrea Amico, Privacy4Cars, James Hajjar, Hajjar, you've, Clyde Williamson, John Price, Yashin Manraj Organizations: Avis, Hartford, Enterprise, Pvotal Technologies, Android, Apple Locations: U.S, Protegrity

☆ Stocks making the biggest moves premarket: KB Home, Hewlett Packard Enterprises, General Motors and more
▼ + stars: | 2024-09-25 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Rithm Capital – The real estate investing stock more than 4% after announcing a secondary offering of 30 million shares. Hewlett Packard Enterprise – The technology stock added almost 3% on the back of a Barclays upgrade to overweight from equal weight. General Motors , Ford Motor – The auto stocks fell following downgrades from Morgan Stanley's Adam Jonas due to rising China competition and a weakening U.S. consumer. The analyst downgraded Ford Motor to equal weight from overweight, while General Motors was lowered to underweight from equal weight. Shares of General Motors and Ford fell roughly 3% and 2%, respectively.

Persons: FactSet, Bilibili –, Rithm, Hewlett Packard, Morgan Stanley's Adam Jonas, —, Alex Harring, Sarah Min, Lisa Kailai Han Organizations: JPMorgan, Hewlett Packard Enterprise, Barclays, Hewlett, Worthington Enterprises, General Motors, Ford, Ford Motor, General Locations: China's, U.S, China

☆ 3-Stock Lunch: Ford, KB Home, & DoorDash
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: Ford, KB Home, & DoorDashVictoria Greene, CIO of G Squared Private Wealth, joins CNBC's 'Power Lunch' to discuss three stocks: Ford, KB Home, and DoorDash.

Persons: DoorDash Victoria Greene Organizations: KB, DoorDash, G, Wealth, Ford

☆ Stocks making the biggest moves midday: Flutter Entertainment, Hewlett Packard Enterprise and more
▼ + stars: | 2024-09-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Flutter Entertainment — The sports betting stock rose more than 6% after the FanDuel parent announced a share buyback program of up to $5 billion. Hewlett Packard Enterprise — The tech stock jumped more than 5% after Barclays upgraded the firm to overweight from equal weight. KB Home reported $2.04 in earnings per share, or 2 cents short of consensus estimates, according to analysts surveyed by LSEG. Analysts had expected $1.14 in earnings per share on revenue of $176.2 million, according to FactSet. The workplace uniform company sees revenue of $10.22 billion to $10.32 billion for fiscal 2025, compared to its prior guidance of $10.16 billion to $10.31 billion.

Persons: HPE, Morgan Stanley downgrades, Adam Jonas, Ford, Bilibili, Warren Buffett's Berkshire Hathaway, Cintas, — CNBC's Sean Conlon, Yun Li, Alex Harring, Hakyung Kim, Lisa Han, Pia Singh Organizations: Hewlett Packard Enterprise, Barclays, Juniper Networks, General Motors, Ford —, JPMorgan, . Bank of America, LSEG, Trump Media & Technology Locations: Bilibili —

☆ 10 things to watch in the stock market Wednesday, including automaker downgrades
▼ + stars: | 2024-09-25 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Top 10 things to watch Wednesday, Sept. 25 — Today's newsletter was written by the Investing Club's director of portfolio analysis, Jeff Marks. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jeff Marks, Morgan Stanley's, Adam Jonas, Jonas, Tyson Food, Piper Sander, KeyBanc, they've, Wells, Baker Hughes, Halliburton, SLB, Baird, Gabrielle Fonrouge, Expedia, Cowen, Oppenheimer, Jim Cramer's, Jim Cramer, Jim Organizations: Club, Nvidia, Micron, U.S, Ford, General Motors, Hewlett Packard Enterprise, Barclays, Juniper Networks, Micro, Dell Technologies, Union Pacific, Department, Google, Jim's, Jim Cramer's Charitable, CNBC Locations: U.S, China

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, Disney, Ford, General Motors, Duolingo, Roblox, Alphabet & more
▼ + stars: | 2024-09-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Wells Fargo upgrades Baker Hughes to overweight from equal weight Wells says it likes the oil service company's business model. Morgan Stanley upgrades AutoNation to overweight from equal weight Morgan Stanley says AutoNation is well positioned in a bumpy macroeconomic environment. Morgan Stanley reiterates Apple as overweight Morgan Stanley says it's remaining cautious after checks of iPhone 16 demand for Apple. Morgan Stanley downgrades Ford to equal weight from overweight and General Motors to underweight from equal weight Morgan Stanley downgraded several automakers on Wednesday and said it's concerned about market share losses. Morgan Stanley reiterates Nike as equal weight Morgan Stanley raised its price target on Nike to $82 per share from $79 ahead of earnings on October 1.

Persons: Wolfe, Sallie Mae, it's bullish, Wells, Baker Hughes, Piper Sandler, Tesla, Piper, Morgan Stanley, AutoNation, Mike Manley, Duolingo, MARA, CORZ, Piper Sandler downgrades Tyson, it's, Oppenheimer, GOOG's, Baird, Locker Baird, Apple, TD Cowen downgrades Expedia, Cowen, Goldman Sachs, Goldman, Morgan Stanley downgrades Ford, Roblox Organizations: APO, Bank of America, Macquarie, Tyson Foods, Barclays, Hewlett Packard Enterprise, DOJ, Google, Foot, Apple, ISI downgrades, Pacific, Evercore, UNP, Disney, JPMorgan, Oil & Gas, Petrobras, Motors, GM, Citi, Investors, Nike Locations: CLSK, Foot Locker, Mexico, China, Fortnite

☆ Biden proposes banning Chinese technology from ‘connected cars’ on U.S. roads
▼ + stars: | 2024-09-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

WASHINGTON — The U.S. Commerce Department on Monday proposed prohibiting key Chinese software and hardware in connected vehicles on American roads due to national security concerns, a move that would effectively bar Chinese cars and trucks from the U.S. market. The planned regulation, first reported by Reuters, would also force American and other major automakers in years ahead to remove key Chinese software and hardware from vehicles in the United States. President Joe Biden’s administration has raised concerns about data collection by connected Chinese vehicles on U.S. drivers and infrastructure and potential foreign manipulation of vehicles connected to the internet and navigation systems. The proposed prohibitions would prevent testing of self-driving cars on U.S. roads by Chinese automakers and extend to vehicle software and hardware produced by Russia and could be extended to other U.S. adversaries. The group said there is “very little” connected vehicle hardware or software “that enters the U.S. from China.

Persons: WASHINGTON, Joe Biden’s, Jan, Gina Raimondo, We’re, ”, Liz Cannon, Jake Sullivan, ” Sullivan, Lin Jian, Washington “ Organizations: The U.S . Commerce Department, Reuters, White House, The Commerce Department, U.S . Commerce, Commerce Department, Motors, Ford Motor, U.S, The, White, National, Foreign Ministry, Alliance, Automotive Innovation, GM, Toyota, Volkswagen, Hyundai Locations: The U.S, U.S, United States, Russia, China

☆ GM’s EV sales momentum is finally building as new vehicle lineup fills out
▼ + stars: | 2024-09-23 | by ( Michael Wayland | ) www.nbcnews.com time to read: +7 min

While GM has withdrawn most of its previously announced electric vehicle targets, the automaker believes its EV sales momentum is finally building thanks to an expanding lineup of all-electric vehicles — spanning a price range of roughly $35,000 to more than $300,000. GM sold nearly 21,000 EVs in the U.S. in July and August — almost matching its full second-quarter EV sales. GM’s EV sales through August were up about 70% compared with a year earlier. It still remained more than 20,000 units shy of Hyundai/Kia EV sales through last month. Growing EV lineupGrowing EV lineupGM currently offers eight “Ultium-based” EVs for consumers — referring to its electric vehicle architecture and battery technologies.

Persons: WARREN, Mary Barra, Elon Musk’s, ” Rory Harvey, “, ” Harvey, GM’s, Tesla, Harvey, ”, Stephanie Brinley, ” Brinley, EVs, ” “, ‘ Butts, Barra, carmaker Organizations: General Motors, Detroit, U.S, GM, Elon Musk’s carmaker, Hyundai, Kia, Ford, CNBC, Detroit automaker, Motor Intelligence, EV, P, ” Cox Automotive Locations: Mich, North America, U.S, Detroit, Barra, U.K, ”, EVs

☆ GM's EV sales momentum is finally building as new vehicle lineup fills out
▼ + stars: | 2024-09-23 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

While GM has withdrawn most of its previously announced electric vehicle targets, the automaker believes its EV sales momentum is finally building thanks to an expanding lineup of all-electric vehicles – spanning a price range of roughly $35,000 to more than $300,000. EV sales data provided to CNBC by the Detroit automaker, which publicly reports sales quarterly, shows a notable increase for GM through August. GM sold nearly 21,000 EVs in the U.S. in July and August – almost matching its full second-quarter EV sales. GM's EV sales through August were up about 70% compared with a year earlier. It still remained more than 20,000 units shy of Hyundai/Kia EV sales through last month.

Persons: Mary Barra, Frederic J, Brown, Elon Musk's, Rory Harvey, Harvey, GM's, Tesla, Stephanie Brinley, Michael Wayland, Brinley, EVs, Scott Mlyn, Butts, Barra, carmaker Organizations: Cadillac, AFP, Getty, WARREN, General Motors, Detroit, U.S, GM, Elon Musk's carmaker, Hyundai, Kia, Ford, CNBC, Detroit automaker, Motor Intelligence, EV, P, Cox, Electric Locations: Los Angeles, Mich, North America, U.S, Detroit, Barra, U.K

☆ Boeing union members are angry they lost their pension plan. They’re not likely to get it back
▼ + stars: | 2024-09-22 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

Now unions are pushing back, demanding the return of traditional pension plans their members lost in past concession deals. First, a traditional pension plan that pays retirees, or their survivors, a fixed amount of money every month until they die, known as a defined benefit plan. Far less than 1% have only a traditional pension plan. The loss of the traditional pension plan at Boeing 10 years ago is one of the issues driving the strike this year. But the deck is stacked against that kind of reopening of a pension plan at Boeing, even with “pension or bust” signs on the current picket lines.

Persons: International Association of Machinists, Jon Holden, haven’t, Stellantis, John Lawler, Craig Copeland, Lindsey Wasson, unamimously, “, ”, Brian Bryant, Bryant, “ They’re, they’ve, Copeland, they’ll Organizations: New, New York CNN, Boeing, Employers, International Association of, IAM, United Auto Workers, General Motors, Ford, UAW, ”, Research, CNN, Pension, Guaranty Corp, Federal Deposit Insurance Corp, IBM, “ Locations: New York

☆ Kathryn Crosby, actor and widow of Bing Crosby, dies at 90
▼ + stars: | 2024-09-21 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +2 min

Kathryn Crosby, the actress, singer and widow of Bing Crosby, died Friday evening of natural causes at her home in Hillsborough, Calif. She was 90. Crosby appeared frequently on Bing Crosby’s “Merrie Olde Christmas” specials and hosted “The Kathryn Crosby Show,” a 30-minute talk show based in San Francisco. Following the death of her husband in 1977, she performed in several stage productions such as the 1996 Broadway revival of “State Fair.”Bing Crosby and Kathryn Crosby in 1975 in Sunningdale, England. Anwar Hussein / Getty Images fileCrosby also hosted the charitable Crosby National Golf Tournament in Bermuda Run, North Carolina for many years. She met Bing Crosby while conducting interviews for her column on the set of the film “White Christmas.” The two married in 1957.

Persons: Kathryn Crosby, Bing Crosby, Crosby, ”, Ball, Kathryn Grant, Kathryn Grandstaff, Bing Crosby’s, ” Bing Crosby, Anwar Hussein, William Holden, Harry, Mary, Nathaniel, Sarah, Cyrano de Bergerac, ” “ Ben Casey ”, Bob Hope, “, George Sanders, ” “ Mister Cory, Joe Aladdin, ” “ Hanrahan Organizations: Wild Party, University of Texas, Austin, Hollywood, Chrysler Theatre, George Sanders Mystery, Ford Television Theatre Locations: Hillsborough, Calif, San Francisco, Sunningdale, England, Bermuda, , North Carolina, Rico, Petticoat

As governor, Mr. Evans increased aid for higher education and was instrumental in the creation of a state community college system. In 1970, Washington became the first state to create a Department of Ecology. When urban riots convulsed the nation, he went into Seattle’s poor neighborhoods and set up centers to deliver state services. Using executive powers, he established the Washington State Indian Affairs Commission in 1967 and the State Women’s Council in 1971. In 1969, he named the first Black members to the boards of the University of Washington and Seattle Community College.

Persons: ”, “, George H.W, George H.W . Bush, ‘, Gerald R, Ford, Evans, Nixon, Rockefeller, Bob Dole, Jimmy Carter, Thomas S, Foley, Evans “ Organizations: Ecology, Washington State Indian Affairs Commission, State Women’s Council, University of Washington, Seattle Community College, Democratic Locations: George H.W ., Bob Dole of Kansas, Washington

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