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☆ Ford is reassessing its EV plans, including vertical battery integration
▼ + stars: | 2024-02-06 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT — Ford Motor is rethinking its electric vehicle strategies, including "reassessing" the need for vertical integration of batteries, CEO Jim Farley said Tuesday. He also said the company is pulling a target for its EV unit that called for 8% margin by 2026. As Ford pulls back and reevaluates the EV business, it intends to lean in on sales of hybrid vehicles, specifically trucks. The company expects its hybrid sales to increase 40% this year. It sold 133,743 hybrid vehicles in the U.S. in 2023.

Persons: Jim Farley, Farley, John Lawler, Lawler, Ford Organizations: New York, Auto, DETROIT, Detroit, Ford, EV, CNBC PRO Locations: New York, U.S

☆ American hustle culture is dying. Millennials are willing to take a 20% pay cut for a better work-life balance.
▼ + stars: | 2024-02-04 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

It found that 60% of American millennials would take a 20% salary cut for better work-life balance. Just 33% of Baby Boomers were willing to take that salary cut, while 43% of Gen X and 56% of Gen Z agreed. The only countries with more millennials willing to take a near-quarter pay cut to prioritize their quality of life were Thailand at 70% and India at 69%. In September 2023, King's College London published a study that found millennials care more about work-life balance than any other generation. 60% of American millennials would take a 20% salary cut for a better work-life balance.

Persons: Ford, —, millennials, X, Gen Z, balance.html Ford, Baby Boomers, Gen Xers, Karl Treacher, Treacher Organizations: Boomers, Service, King's College London, Culture Institute of Australia, Magazine Locations: United States, Canada, Mexico, China, Australia, Thailand, India, millennials

STANFORD, Calif. (AP) — Freshman JuJu Watkins scored a Southern California-record 51 points — the most in NCAA women's basketball this season — and the 15th-ranked Trojans upset No. Watkins hit six 3-pointers to help the Trojans (15-4, 5-4) send the Cardinal (19-3, 8-2) to their first home loss of the season. Watkins came in averaging 25.8 points and Hall of Fame Stanford coach Tara VanDerveer turned to freshman Courtney Ogden to try stopping her. Stanford star Cameron Brink had 19 points, 15 rebounds and eight blocked shots — swatting six shots in the first half. McKenzie Forbes added X points for USC, which had lost three of four since beating UCLA on Jan. 14.

Persons: Watkins, Cherie Nelson, of Fame Stanford, Tara VanDerveer, Courtney Ogden, Cameron Brink, Lindsay Gottlieb, Kiki Iriafen, Cardinal, McKenzie Forbes, Stanford, Kelsey Plum’s Organizations: STANFORD, Calif, NCAA, Stanford, USC, of Fame, Area, Big Ten, Cal, Colorado, UCLA, Trojans, Washington, AP, womens Locations: Southern California, California, Berkeley, Maples, Seattle

☆ A Rivian R1T blew through steel guardrails, reflecting safety experts' warnings about heavy vehicles and even heavier EVs
▼ + stars: | 2024-02-03 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +6 min

The crash test highlights safety experts' concerns about faster and heavier EVs. AdvertisementA new video of a Rivian truck bursting through steel guardrails during a crash test highlights some of the safety concerns experts have raised about heavy electric vehicles. Bigger the car, deadlier the crashSafety experts have previously raised concerns about the risks heavy vehicles and heavier EVs could bring to the roads. In the UK, safety experts say the heavier weight could cause older parking garages across the country to collapse. "There is some urgency to address this issue," Cody Stolle, Midwest Roadside Safety Facility's assistant director, told the publication.

Persons: —, Rivian, Ann Carlson, Charles Krupa, Kevin Heaslip, Politifact, Steve Patton, Alexa St, John, Zhe Ji, Myles Russell, they're, Cody Stolle, Ford Organizations: Service, University of Nebraska, Safety Facility, Nebraska Today, Midwest, Safety, National, Traffic Safety Administration, Reuters, Insurance Institute for Highway Safety, Center for Transportation Research, University of Tennessee, P Global Mobility, EV, Alexa, Ferrari, GMC, Ford, Madison Hall, McLaren, Anadolu, Getty, Research, Tesla Locations: Manchester , New Hampshire, Canadian, North America

☆ Ford's hybrid vehicle sales surge to offset EV decline in January
▼ + stars: | 2024-02-02 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – Ford Motor started the year with a slight increase in sales, as a large jump in hybrid vehicles offset an 11% decline in all-electric cars and trucks. The Detroit automaker on Friday reported sales rose 4.3% last month from January 2023, led by a 43% jump in hybrid sales and 2.6% uptick in traditional vehicles with internal combustion engines. The spike in hybrid sales is part of Ford's plan to double down on the technology. Despite the focus on hybrids, 90% of Ford's sales last month were traditional cars and trucks. Ford's stock has fallen about 1% in 2024.

Persons: EVs, General Motors Organizations: DETROIT, Ford Motor, Detroit, Ford, General

☆ Morgan Stanley names Ford its new top pick among U.S. automakers
▼ + stars: | 2024-02-01 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

A rocky transition to electric vehicles in the U.S. could be a blessing in disguise for one of the country's legacy automakers, according to Morgan Stanley. Analyst Adam Jonas named Ford the investment bank's top pick among U.S. automakers in a note to clients Thursday. Jonas said scaling back spending plans for EVs can help Ford impress Wall Street. Morgan Stanley has a price target of $15 per share on Ford, which is about 28% above where the stock closed Wednesday. F 1D mountain Shares of Ford rallied on Thursday afternoon after Morgan Stanley named the stock a top pick.

Persons: Morgan Stanley, Adam Jonas, Ford, Jonas, Tesla Organizations: U.S, Wall, Ford, General Motors, GM, Investments, EV Locations: U.S

☆ Congressional Republicans want to kill a bipartisan border bill to give Trump an edge in the election
▼ + stars: | 2024-01-30 | by ( Madison Hall | Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

Senate Republicans and Democrats have attempted to negotiate border-related legislation for weeks. Trump is pushing his supporters in Congress to kill the bill to gain an upper hand in the election. No public text has been released despite months of negotiations, even senators have complained that they are receiving few details from the discussions between Sen. James Lankford, an Oklahoma Republican, and Senate Democrats. "Using a one-time spending package to enact these unrelated permanent policy changes sets a dangerous precedent and risks assistance to our international partners," 11 Senate Democrats said in a statement about the talks. House Speaker Mike Johnson said it's "absurd" to suggest he would kill the talks to help Trump.

Persons: Trump, —, Donald Trump's, Sen, James Lankford, Lankford, Mike Johnson, Johnson, Biden, we're, Manu Raju's, GOP Sen, Ted Cruz of, Donald Trump, Alejandro Mayorkas Alex Wong, Alejandro, impeaching, William Belknap, Dan Goldman Organizations: Republicans, Democrats, Service, Congressional, Oklahoma Republican, Russia, GOP, Oklahoma GOP, Biden Administration, Homeland, House Republicans, Homeland Security, New, New York Democrat Locations: Las Vegas, Oklahoma, Ukraine, United States, Ted Cruz of Texas, Mexico, New York

☆ Jim Cramer is contemplating selling more of this tech giant after a big rally to record highs
▼ + stars: | 2024-01-25 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Since there's no specific news on the stock moves and it could be that investors were taking some profits after their big runs. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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: Jim Cramer, Stocks, Eli Lilly, Estee Lauder, LVMH, Ford, Tesla, Jim, Dupont, it's, Jim Cramer's Organizations: CNBC, Broadcom, Tesla, Federal Trade Commission, Microsoft, Wynn Resorts, Vegas Sands, Macao, ICE, Costco, Dow Inc, Dow, Jim Cramer's Charitable Locations: China, Palo Alto

☆ The Cybertruck's steel exterior could need extra protection from winter road salt
▼ + stars: | 2024-01-24 | by ( Graham Rapier | ) www.businessinsider.com time to read: +2 min

Read previewNew Tesla Cybertruck owners might want to wash winter road grime off their pickup as soon as possible. Manuals for other Tesla models also advise immediate removal of corrosive substances — but "to prevent damage to the paint," rather than the exterior metal itself. Road salt is one of the biggest culprits of corrosion in cars, but typically, the undercarriage is most at risk since paint can protect the body panels. Chevrolet warns salt may damage the paint of its Silverado if it remains on the exterior for extended periods of time. Of course, depending on who you ask, the Cybertruck's lack of a finish on the steel may be a feature instead of a bug.

Persons: —, Tesla, Lars Moravy, Tesla's, there's Organizations: Service, Business

STANFORD, Calif. (AP) — It never fails, Tara VanDerveer always takes a minute to thank everybody for coming to the game and that includes offering her immense gratitude to the Stanford band. “This is a tremendous accomplishment for Tara VanDerveer, who is already one of the most accomplished coaches in the history of basketball,” Krzyzewski said in a statement. Oregon State coach Scott Rueck credits VanDerveer for elevating the entire over the decades. Stanford: VanDerveer, who didn't have the playing opportunities growing up before Title IX, has considered herself so fortunate to get an early start in coaching at Idaho in 1978-79. She earned her 1,000th win Feb. 3, 2017, and became winningest women's coach on Dec. 15, 2020, by passing the late Tennessee coach Pat Summitt (1,098).

Persons: Tara VanDerveer, VanDerveer, Mike Krzyzewski, “ It's, ” VanDerveer, It's, “ Tara, Tara, ”, ” Krzyzewski, she’s, Kiki Iriafen, Stanford, Cameron Brink, “, Kiki, Iriafen, Talana, Cardinal, —, Jennifer Azzi, Chiney Ogwumike, Ros Gold, Jayne Appel, Marinelli, State Condoleezza Rice, ” Ogwumike, She's, ” Azzi, Raegan Beers, Brooke Demetre, Scott Rueck, ” Rueck, Pat Summitt Organizations: STANFORD, Calif, Stanford, Duke, Oregon State, of Fame, Fame, Friday’s, Oregon, Maples, Olympic, Atlanta Games, U.S, State, Beavers, Stanford . Oregon State, Title, Idaho, Vandals, Ohio State, Colorado, Arizona State, AP, womens Locations: Maples, Corvallis, Tennessee

☆ People are using cash transfers like basic income to pay rent, and it shows just how badly a housing-crisis solution is needed
▼ + stars: | 2024-01-21 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

And a growing number of people who are eligible for government housing assistance aren't getting it. But unlike other government benefits like Medicaid and food stamps, housing aid doesn't automatically go to those who need it. And across 31 pilot basic income programs , recipients spent an average of about 9.2% of their payments on housing and utilities. AdvertisementThe amount that the federal government spends on its housing assistance programs, mainly Housing Choice Vouchers and public housing, is determined by Congress each year. "Housing support across America is very fractured and variable," said Sean Kline, director of Stanford's Basic Income Lab.

Persons: —, doesn't, Matt Desmond, Chris Herbert, Ulbrich, Matt Turner, hasn't, Sean Kline, Matthew Fowle, Fowle, Kline, Herbert Organizations: Service, Homelessness, Business, Urban Institute, Assistance, Columbia University's, Poverty, Princeton, Harvard Joint Center for Housing Studies, Economic, Congress, Harvard, The New York Times, Department of Housing, Urban Development, Philadelphia Housing Development Corporation, University of Pennsylvania, UPenn's Housing Locations: Washington ,, San Francisco, Davos, America, Philadelphia

STANFORD, Calif. (AP) — Stanford's Tara VanDerveer tied Mike Krzyzewski as the winningest coach in college basketball history with her 1,202nd victory Friday night, guiding the No. VanDerveer can set the record Sunday, when she goes for 1,203 as Stanford (16-2, 5-1 Pac-12) hosts Oregon State. A couple dozen former Stanford players are expected to be on hand for the potential milestone. Cardinal players hugged their smiling coach and lifted her up in celebration after the teams shook hands. Stanford: VanDerveer has just one losing season, going 13-15 in her first campaign at Stanford in 1985-86.

Persons: —, Tara VanDerveer, Mike Krzyzewski, Cameron Brink, VanDerveer, Cardinal, Brink, Kiki Iriafen, K's, Kennedy, Chance Gray, Stanford Organizations: STANFORD, Calif, Cardinal, Oregon, Stanford, Oregon State, Sunday, Ohio State, Duke, Army, Ducks, Olympic, Atlanta Games, AP, womens Locations: Oregon, Colorado, Idaho, Bay, Arizona, Eugene, California

☆ Photos show the first full deployment of the USS Gerald R. Ford supercarrier, home at last after being sent as a warning to foes
▼ + stars: | 2024-01-20 | by ( Lauren Frias | ) www.businessinsider.com time to read: +1 min

USS Gerald R. Ford returned to its homeport Wednesday after an extended 8.5-month deployment. It was the Ford's first full deployment, and it included supporting Israel after the October Hamas attacks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUSS Gerald R. Ford, the world's largest and most advanced aircraft carrier, returned to its homeport of Naval Station Norfolk in Virginia earlier this week following an extended 8.5-month deployment, largely in the Mediterranean Sea. AdvertisementThe following photos show the lead ship of the Gerald R. Ford Carrier Strike Group during its eight months and more at sea.

Persons: Gerald R, Ford, —, The Ford Organizations: Service, Pentagon, Ford Carrier Strike Locations: Israel, Naval, Norfolk, Virginia, Yemen, The, Iran

☆ Ford cuts electric F-150 Lightning truck production — again
▼ + stars: | 2024-01-19 | by ( Graham Rapier | ) www.businessinsider.com time to read: +2 min

Read previewFord plans to cut production of its electric F-150 Lightning pickup truck once again, it said Friday, citing a problem nearly all automakers have struggled with in the past year: falling demand. About 1,400 employees will be impacted as the plant where Ford's flagship electric truck is produced, the Rouge Electric Vehicle Center, transitions to just one shift per day starting on April 1, Ford said. AdvertisementFord sold fewer than 25,000 of the F-150 Lightning pickup in 2023 as it scaled back production. That still notched it a spot in the top 10 EVs by sales but is dwarfed by traditional F-150 sales of more than 700,000. Ford has also struggled to get dealers on board with its electric sales program, requiring a substantial investment on their part to install chargers and receive new training.

Persons: —, Ford, Tesla Organizations: Service, Business, Rouge Electric Vehicle Center Locations: Wayne, Michigan

☆ Ford's move to cut F-150 Lightning production will help the automaker optimize profitability
▼ + stars: | 2024-01-19 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Ford announced Friday it's reducing production of its F-150 Lightning all-electric pickup truck, starting April 1, due to slowing demand for EVs. The automaker said the Lightning cuts are being made to achieve the "optimal balance of production, sales growth and profitability." But since Ford is cutting back EV production, the automaker's goal of scaling up its EV buildout could be delayed. In fact, the Maverick Hybrid sales exceeded the F-150 Hybrid last year with a 67% increase to more than 52,300 vehicles. A Ford F-150 Lightning pickup truck is shown at the Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan.

Persons: Ford, Jim Cramer, Tesla, Jim Cramer's, Jim, Bill Pugliano Organizations: Rouge Electric Vehicle, Plant, CNBC, Ford, ICE, Ford Blue, Rouge Electric Vehicle Center, Getty Locations: Dearborn , Michigan, Michigan, Wayne, Rouge, EVs

☆ Stocks making the biggest moves midday: Instacart, Spirit Airlines, Marathon Digital and more
▼ + stars: | 2024-01-17 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Following the ruling, Bank of America downgraded Spirit to an underperform rating, while Susquehanna downgraded the airline to negative. Rivian — The electric vehicle manufacturer slid nearly 8% following a downgrade to a hold rating from Deutsche Bank. Polaris , Mattel — The stocks moved following rating changes from Morgan Stanley. Meanwhile, toymaker Mattel slid 2.8% after Morgan Stanley downgraded shares to equal weight, citing lofty consensus estimates and a tough 2024 outlook. Marathon Digital — The crypto mining firm slid 3% during Wednesday's trading session.

Persons: JetBlue's, Sinclair —, Sinclair, SolarEdge — SolarEdge, Teladoc, Davidson, Nutanix, William Blair, Uber, Ford, Morgan Stanley —, Ted Pick, Morgan Stanley, TD Cowen, Gregory Lewis, —, Alex Harring, Yun Li, Pia Singh, Samantha Subin Organizations: Spirit Airlines, JetBlue Airways —, Bank of America, Susquehanna, Interactive, LSEG, Diamond Sports Group, Diamond, Barclays, Broadcom, VMware, Wolfe Research, Deutsche Bank, UBS, JPMorgan, Polaris, Mattel, Automotive, Boeing, Federal Aviation Administration, BTIG, Marathon Digital Locations: Europe, China

☆ A YouTuber drove Tesla's Cybertruck, Rivian's R1T, and Ford's F-150 Lightning. Here's his verdict
▼ + stars: | 2024-01-17 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Read previewWhen Tesla started shipping its much-anticipated Cybertruck in late November 2023, Rivian and Ford got a new electric truck road rival. Advertisement"It's a very Patagonia truck," Conner said of the Rivian, pointing out it's great for off-roading, and he enjoys using the truck for daily driving. Meanwhile, he said the Cybertruck is more for "tech bros" or urban driving, while the F-150 Lightning is the "traditional working man" truck. Conner, who owns the Rivian R1T, said he's driven about a thousand miles testing the Cybertruck and several thousand with an F-150 Lightning test vehicle. The YouTuber said the F-150 Lightning has the larger cab, frunk (front trunk), and bed and is the best of the three as a functional work truck.

Persons: —, Tesla, Ford, Kyle Conner, Conner, YouTuber, weren't Organizations: Service, Business Locations: Patagonia

☆ Ford could do 2 things to really shine in a challenging 2024 for the auto industry
▼ + stars: | 2024-01-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Underscoring our optimism, total hybrid sales last week came in strong for the fourth quarter and the year. They grew 55.5% for the quarter while EV sales rose 27.5%. With higher-margin hybrid sales topping the quarter and the year, the Maverick Hybrid was the best performer, with a 67% increase in 2023 sales from the year-ago period. Morgan Stanley and Wells Fargo analysts are taking a pretty pessimistic view of the auto industry in the year ahead. F 1Y mountain Ford 1 year Reflecting that apprehension, the late-2023 upswing in Ford stock has been reversing a bit in the new year.

Persons: Ford, Jim Farley, Jim Cramer, Morgan Stanley, Wells, Tesla, Wells Fargo, Jim Cramer's, Jim, Michael Nagle Organizations: Ford, ICE, General Motors, Federal Reserve, Management, CNBC, New York, Auto, Bloomberg, Getty Locations: New York, U.S

☆ A man lost 20 pounds in 8 weeks. Here's how he modified his weekly Chipotle order to make it less processed — but still tasty.
▼ + stars: | 2024-01-10 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +3 min

Read previewMatt Beckwith really loves his Chipotle burrito. This was a big deal for Matt, who had always felt the burrito bowl to be a sacrilege Chipotle order. His regular old burrito order wasn't that different — warm tortilla, chicken, rice, beans, veggies, hot sauce, salsa, lettuce — but it came to 900 calories. Beckwith is such a fan of his Chipotle burrito, he even had a custom shirt printed with all the ingredients on it. Advertisement"I am pretty bad on days I eat Chipotle," he said.

Persons: —, Matt Beckwith, Beckwith, pinto, I've, There's, Matt, Matt's, Pinto, nix, guacamole Organizations: Service, Business, Netflix, Stanford Locations: California

☆ Alan Garber is Harvard's interim president after Claudine Gay's resignation. Here's what we know about him.
▼ + stars: | 2024-01-03 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

Read previewFollowing Harvard President Claudine Gay's resignation Tuesday, the prestigious university announced its current provost will take on the role of interim president as the search begins for a new leader. Alan M. Garber, an economist and physician, has served as Harvard's provost and professor of economics, public policy, and healthcare policy for over 12 years. AdvertisementSince joining Harvard's faculty in 2011, Garber has been involved in Jewish clubs and events on campus, including Harvard Chabad and Hillel. Garber's interim stint as Harvard President comes after weeks of controversy surrounding the school's now-former president, Claudine Gay. "It is with a heavy heart but a deep love for Harvard that I write to share that I will be stepping down as president," Gay wrote in her resignation letter.

Persons: —, Claudine Gay's, Alan M, Garber, Alan Garber, Anne Yahanda, Brigham, Harvard Chabad, Hillel, I've, we've, Claudine Gay, Gay, Elizabeth Magill, Sally Kornbluth, Magill, Elise Stefanik, Bill Ackman Organizations: Service, Gay, Business, Harvard, Stanford, Boston's Harvard, Women's, Harvard Gazette, Hamas, Harvard Crimson, University, Harvard Corporation, Harvard Medical School, Harvard's, of Arts and Sciences, Harvard Kennedy School of Government, of Public Health, Stanford University, Department of Veterans Affairs, Health, System, Center for Health, Center for Primary Care, Research, of Pennsylvania, MIT, New York, Corporation Locations: Illinois, Chan

☆ Why America's Electric Car Push Isn't Working
▼ + stars: | 2024-01-03 | by ( Paris Marx | ) www.businessinsider.com time to read: +12 min

Electric vehicles were supposed to be inevitable. Auto execs who were once trumpeting the potential of electric cars are even publicly acknowledging that EVs aren't working . In September, 87% of new-vehicle sales were fully electric vehicles. Plus, heavier electric vehicles are harder on roads, produce more air pollution, and pose a greater safety risk for pedestrians. Time for a rethinkThe shift from gas-powered cars to electric vehicles is an opportunity to rethink how Americans get from place to place.

Persons: Joe Biden, Tesla, EVs —, EVs, Edward Niedermeyer, Niedermeyer, Ipsos, CarGurus, bode, Ketan Joshi, Joshi, Benjamin Sovacool, it's, Paris Marx Organizations: EV, Ford, General Motors, Honda, Auto execs, Industry, Tesla Motors, EVs, Cox Automotive, Strategic, Cox, Statistics Norway, Transportation Locations: Mexico, America, California, United States, Norway, Oslo, Norwegian, Paris

☆ Here’s a rapid-fire update on all 33 stocks in our portfolio, including those Cramer would buy on dips
▼ + stars: | 2023-12-19 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. If we get a sell-off in January, Eaton is a logical place to look to buy, Jim said. Procter & Gamble : It's possible that 2024 is a better year for P & G the company than P & G the stock, Jim said. 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.

Persons: Jim Cramer's, Jim, they'll, we've, there's, he'd, Dupont De, Ed Breen, Danaher, Walt Disney, Bob Iger, Trian's Nelson Peltz, Estee Lauder, Bausch, we're, Eaton, Mary, Eli Lilly's, he's, Vimal Kapur, Kapur, We've, Eli Lilly, Mark Zuckerberg, Morgan Stanley, Morgan, Elliott, Stanley Black, Decker, TJ Maxx, Charlie Scharf, it's, Jim Cramer, Virginia Sherwood Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Broadcom, VMWare, Bausch, Bausch Health, Charitable Trust, Caterpillar, Federal, Costco Wholesale, Coterra Energy, Dupont De Nemours, Fed, Walt, Eaton Corporation, Ford, GE Healthcare, Google, Honeywell, New, Facebook, Meta, Reality Labs, Microsoft, Activision Blizzard, Nvidia, AMD, Apple, Palo Alto Networks, Procter & Gamble, Constellation Brands, Elliott Management, Constellation, Modelo, Corona, Street, TJX, TJ, Wynn Resorts, Jim Cramer's Charitable, NYSE Locations: hospitalizations, China, U.S, Palestine, Wells Fargo

☆ Why automakers are turning to hybrids in the middle of the industry's EV transition
▼ + stars: | 2023-12-08 | by ( Michael Wayland | ) www.cnbc.com time to read: +9 min

Sales of traditional hybrid electric vehicles, or HEVs, such as the Toyota Prius, are outpacing those of all-electric vehicles in 2023, according to Edmunds. Sales of plug-in hybrid electric vehicles, or PHEVs, accounted for only 1% of U.S. sales through November. In comparison, Ford's EV sales are up 16.2% to roughly 62,500 units, accounting for 3.5% of its total sales. Battery breakdown Both hybrids and plug-in hybrids have a traditional engine combined with EV technologies. The world's largest automaker is considered the pioneer of traditional hybrids, with the Prius.

Persons: Scott Mlyn, Biden, HEVs, EVs, There's, Jessica Caldwell, Edmunds, Morgan Stanley, Eric Watson, Jim Farley's, Jeep Wrangler, Motors, Mary Barra, It's, Mark Reuss, Stephanie Brinley, Akio Toyoda Organizations: CNBC DETROIT —, EV, Toyota Prius, Toyota, Honda Motor, Hyundai, Kia, U.S, Representatives, Kia America, CNBC, Detroit automakers, Detroit, Ford Motor, Ford, Chrysler, Jeep, Cherokee, GM, Chevrolet, Automotive Press Association, National, Traffic Safety Administration, American Automotive Policy Council, Reuters, NHTSA, P Global Mobility . Industry, EVs, Wall Street Locations: Edmunds, U.S, That's, Kia America's, China, Detroit, EVs

☆ How every Club stock performed over the past 10 Decembers, a historically strong month
▼ + stars: | 2023-12-05 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

After closing at its highest level of 2023 on Friday , the first day of December, the S & P 500 fell Monday. A mixed picture is revealed when looking at how every Club stock has performed in December over the past decade. The best-performing Club stock over the past 10 Decembers is Broadcom (AVGO), which has an average gain of 7.1% in the month. Salesforce (CRM) is the worst-performing Club stock in December over the past decade, falling 4.53% on average in the month. Amazon (AMZN), Coterra Energy (CTRA) and Costco (COST) round out the bottom five December performers over the past decade.

Persons: Sam Stovall, Santa Claus, hasn't, It's, Thursday's, Estee Lauder, Eli Lilly, —, Jim Cramer's, Jim Cramer, Jim, Tayfun Organizations: GE Healthcare, Broadcom, Procter & Gamble, Wynn Resorts, WYNN, Salesforce, Ford, Palo Alto Networks, Coterra Energy, Costco, Amazon, Caterpillar, Jim Cramer's Charitable, CNBC, Wall, York Stock Exchange, Financial, Anadolu Agency, Getty Locations: Santa, Broad St, New York City, United States

☆ New US rules on Chinese batteries could push up price of electric cars
▼ + stars: | 2023-12-04 | by ( Michelle Toh | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —The US government has announced new regulations that aim to keep Chinese batteries out of cars sold in the United States, a move that could push up the price of electric vehicles for American drivers. China is the world’s leader in EV battery production, dominating almost “every stage of the EV battery supply chain,” according to a 2023 report by the International Energy Agency (IEA). Tesla is a longtime customer of China’s CATL, the world’s largest EV battery maker. Doubling downThe new measures add to existing efforts by Washington to redirect auto manufacturing to the United States. “Financial incentives play an important role in the widespread adoption of electric vehicles,” researchers at George Washington University found in a 2022 study.

Persons: Biden, ” John Podesta, “, John Bozzella, ”, Tesla, China’s CATL, CATL, Jeff Kowalsky Organizations: Hong Kong CNN, EV, International Energy Agency, US Treasury, Internal Revenue Service, Department of Energy, Treasury, Officials, IEA, “, Alliance, Automotive Innovation, Ford, Getty, George Washington University, ” China’s Ministry of Foreign Affairs Locations: Hong Kong, United States, China, Russia, North Korea, Iran, America, Michigan, Washington, North America, Dearborn , Michigan, AFP, Europe, Beijing

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