The coronavirus pandemic could provide boost to newer modes of transportation in China, such as making autonomous driving more mainstream, a panel of industry leaders told CNBC. The Covid-19 outbreak accelerated the commercialization of autonomous aerial vehicles — or driverless drones — which were used to transport goods, medical supplies […]
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Jim Cramer says the market is signaling that commodity inflation is ‘pretty much over’
CNBC’s Jim Cramer said Thursday that markets appear to be growing less worried about raging price increases in a range of commodities, from metals to lumber. “I’ve got good news for you: The stock market, which is pretty correct on these kind of matters, is saying that commodity inflation has […]
New Covid study hints at long-term loss of brain tissue, Dr. Scott Gottlieb warns
Dr. Scott Gottlieb warned Thursday about the potential for long-term brain loss associated with Covid, citing a new study from the United Kingdom. “In short, the study suggests that there could be some long-term loss of brain tissue from Covid, and that would have some long-term consequences,” the former FDA […]
Miami’s mayor looks to woo Chinese bitcoin miners with low energy prices and clean nuclear power
MIAMI – Mayor Francis Suarez says Miami’s doors are open to bitcoin miners in China who are currently scrambling to find a new home after Beijing made it clear that their days are numbered. Mining is the energy-intensive process which both creates new coins and updates the digital ledger of […]
Bitcoin has 3 flaws — and that could set the stage for other alternatives, says Cornell economist
Bitcoin, the world’s best known cryptocurrency, has a few flaws — and that’s triggered other digital currencies to come up with more viable options, according to a professor at Cornell University. It isn’t as anonymous as people think it is, and “mining” bitcoin is bad for the environment, pointed out […]
RBC makes a bet on Jack in the Box, but traders prefer these two chain stocks
RBC Capital Markets made a bullish call on one under-the-radar fast-food stock, and two traders are weighing in with their own restaurant chain picks. RBC analysts initiated West Coast burger chain Jack in the Box with an outperform rating Thursday, calling its valuation compelling and predicting new restaurant growth. That […]
BMW starts European road tests of hydrogen fuel cell cars
A BMW i Hydrogen Next automobile photographed in Munich, Germany, on March 12, 2021. Andreas Gebert | Bloomberg | Getty Images The BMW Group has started to test vehicles that use a hydrogen fuel cell drivetrain, with the German automotive giant putting the technology through its paces “in everyday conditions […]
Clean Energy Fuels CEO says enthusiastic Reddit traders understand the company’s potential
Clean Energy Fuels CEO Andrew Littlefair on Thursday addressed the recent enthusiasm for his company’s stock forged on online forums like Reddit. “I’ve read a lot of these posts, it seems like they get it,” Littlefair told CNBC’s Jim Cramer in an interview on “Mad Money.” “One of the things […]
U.S. stock futures rise slightly as the Dow heads for a losing week
Traders working at the New York Stock Exchange (NYSE), on May 19, 2021. NYSE U.S. stock futures inched up slightly on Thursday night, following a two-day sell-off for the Dow in the wake of the Federal Reserve’s policy update. Futures for the Dow Jones Industrial Average were up 0.08%. Futures […]
Jim Cramer sees ‘terrific’ opportunity to buy the dip in Eastman Chemical shares
CNBC’s Jim Cramer said Thursday he sees opportunity for investors to buy shares of Eastman Chemical at an attractive price. “With the harsh pullback over the last couple weeks, including today’s nearly 4% slide, I think Eastman’s becoming a lot more compelling,” the “Mad Money” host said. Eastman Chemical shares […]