An employee works on a Ford Motor Co. Super Duty Truck engine at the Ford Kentucky Truck Plant in Louisville, Kentucky, Sept. 30, 2016. Luke Sharrett | Bloomberg | Getty Images Detroit automakers are struggling to keep production and shipments of highly profitable pickup trucks going as interruptions in manufacturing […]
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Goldman CEO addresses junior bankers’ complaints after survey goes viral
David Solomon, the CEO of Goldman Sachs, speaks during the Bloomberg Global Business Forum in New York, September 25, 2019. Shannon Stapleton | Reuters Goldman Sachs CEO David Solomon addressed junior bankers’ complaints over heightened workloads in a message to employees, after the results from an internal survey where one […]
Tesla whistleblower complaint about solar fires is part of evidence in federal safety investigation
Smith Collection/Gado | Archive Photos | Getty Images A U.S. federal agency is considering as evidence a former Tesla employee’s complaint about how the company managed and communicated about fire risks and defects in its solar installations, CNBC has learned from documents received through a Freedom of Information Act request. […]
White House officials to meet with energy industry execs ahead of climate, infrastructure plan, sources say
The White House is meeting Monday with top executives in the energy industry, including the oil, gas and mining sectors, attendees told CNBC. The guest list is expected to include the top executives of BP, Chevron, Exxon and BHP, among others. The White House declined to provide a full list […]
Stocks rise as tech rallies amid falling yields, Nasdaq closes more than 1% higher
U.S. stocks jumped on Monday led by technology shares as investors flocked back into growth names amid declining bond yields. The tech-heavy Nasdaq Composite gained 1.2% to 13,377.54 as the 10-year Treasury yield retreated. The S&P 500 rose 0.7% to 3,940.59, breaking a two-day losing streak. The Dow Jones Industrial […]
White House considers splitting $3 trillion recovery plan into two bills, report says
President Joe Biden speaks to members of the press on the South Lawn upon returning to the White House after a trip to Camp David, in Washington, March 21, 2021. Erin Scott | Reuters The White House will consider splitting an estimated $3 trillion economic recovery proposal into two bills, […]
Stocks rise led by tech shares as yields decline, Nasdaq jumps 1.8%
U.S. stocks jumped on Monday led by technology shares as investors flocked back into growth names amid falling bond yields. The tech-heavy Nasdaq Composite gained 1.8% as the 10-year Treasury yield retreated. The S&P 500 rose 1%. The Dow Jones Industrial Average climbed 160 points. Shares of Tesla added more […]
CDC advises against travel while spring break chaos worries some Miami Beach businesses trying to recover from pandemic
People walk along Ocean Drive on March 21, 2021 in Miami Beach, Florida. College students have arrived in the South Florida area for the annual spring break ritual, prompting city officials to impose an 8pm to 6am curfew as the coronavirus pandemic continues. Joe Raedle | Getty Images The Centers […]
Covid cases rise across more than half of the U.S. as country races to vaccinate
Paramedics arrive with a patient with Covid-19 at the emergency department of Sharp Memorial Hospital in San Diego, California. Bing Guan | Bloomberg | Getty Images New cases of Covid-19 are once again on the rise across more than half of the United States as officials race to vaccinate additional […]
New batch of $1,400 stimulus payments coming Wednesday, IRS says
Economic stimulus checks are prepared for printing at the Philadelphia Financial Center May in Philadelphia, Pennsylvania. Jeff Fusco | Getty Images A second batch of $1,400 stimulus checks is scheduled to land in people’s bank accounts on Wednesday, March 24. Those checks began processing on Friday and may be available […]