business

Alphabet CEO Sundar Pichai: CNBC interview

Alphabet CEO Sundar Pichai: CNBC interview

CNBC: Sundar Pichai, CEO of Alphabet and Google being interviewed by Deirdre Bosa. CNBC Google CEO Sundar Pichai said that while consumers are putting the Covid pandemic in the rearview mirror, the economy is clearly a growing concern for the company and the broader market. “We definitely see uncertainty ahead, like everyone else,” Pichai told …

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'What are the odds?  I retire and the stock market crashes.  All my plans are upside down.'  I want to draw on my 401(k) to renovate my new home.  What options do I have?

‘What are the odds? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have?

Dear Quentin, I’m due to retire in two months and I have already moved to my new home in the sun. I have not sold my apartment in a major US metropolitan area on the east coast, as I wanted to see how I settled into my new life. It’s a quiet, but beautiful city …

‘What are the odds? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have? Read More »

Ford, General Motors, Tapestry and more

Ford, General Motors, Tapestry and more

Take a look at some of the biggest movers in the premarket: Ford (F), General Motors (GM) – Ford fell 2.8% in premarket trading while GM slid 3.4% after Wells Fargo double-downgraded both stocks to “underweight” from “overweight.” Wells Fargo said 2022 could represent a profit peak for legacy automakers, with the shift toward electric …

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Saudi Aramco eclipses Apple to once again become the world's most valuable company

Saudi Aramco eclipses Apple to once again become the world’s most valuable company

hong kong CNN Business — Saudi Aramco has overtaken Apple as the world’s most valuable company, underscoring the recent surge in oil prices that have boosted the energy giant this year. Aramco is now worth about $2.43 trillion, compared with Apple’s $2.37 trillion, according to data from Refinitiv. Market capitalizations fluctuate frequently: earlier this year, …

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This toxic lake has enough lithium to supply US electric vehicles for decades

Rivian shares rise, despite larger than expected loss

The company said that it had 7,000 new orders for its R1 electric pickup in the last two months, bringing total net orders up to 90,000 vehicles. And it said that despite supply chain problems that have cut its production by 25% since the end of March, it is still on track to build 25,000 …

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Redbox getting swallowed by Chicken Soup For The Soul

Redbox getting swallowed by Chicken Soup For The Soul

RedboxPhoto: Justin Sullivan/ (Getty Images) Great news for anybody who wants to see some sun-damaged touch screens get livened up by a little good, hearty cheer: Redbox just got itself bought by Chicken Soup For The Soul Entertainment Inc., the company behind eight million books of inspirational sub-Reader’s Digest horseshit, and also, for some reason, …

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Rivian (RIVN) Q1 2022 earnings

Rivian (RIVN) Q1 2022 earnings

Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland/CNBC Electric vehicle maker Rivian Automotive on Wednesday maintained its 2022 production target, saying it’s still on track to build 25,000 vehicles this year, as it reported a jump in reservations and a first-quarter loss that …

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Kohl's holds off barbarians at the gate... for now

Kohl’s holds off barbarians at the gate… for now

Kohls (KSS) has beaten them back — for now. Kohl’s said Wednesday that he re-elected all 13 of its board of director nominees at its annual shareholders’ meeting, based on a preliminary vote tally. Macellum Advisors, an activist investment firm, had put up its own slate of nominees to replace 10 of Kohl’s board members, …

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Coinbase stock plunges again after company reports dismal results

Coinbase stock plunges again after company reports dismal results

New York CNN Business — The bitcoin crash is hitting Coinbase really, really hard. The cryptocurrency brokerage reported a first-quarter loss late Tuesday and revenue that fell 27% from a year ago, missing Wall Street’s forecasts. Coinbase shares plummeted more than 25% Wednesday and hit their lowest level ever. Coinbase stock is now down more …

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Boeing clashes with key supplier ahead of Starliner spacecraft launch

Boeing clashes with key supplier ahead of Starliner spacecraft launch

CNN Business — Boeing Co. is feuding with Aerojet Rocketdyne, a key supplier for its Starliner spacecraft, as the US aerospace giant races to test launch the uncrewed astronaut capsule and mend its reputation in the space sector, people familiar with the matter said. The CST-100 Starliner is scheduled for a May 19 Florida launch …

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