United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 with Vermont Sen. Bernie Sanders (far left) in Detroit. Michael Wayland / CNBC DETROIT – The United Auto Workers’ strike against General Motors, now in its fourth week, is continuing to hit the […]
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Protesters stage ‘die-in’ at Wall Street bull statue, cover it with blood and climb atop it
A group of protesters calling for climate change vandalized the iconic Wall Street charging bull on Monday, pouring red paint while climbing atop it. The protesters responsible belong to an organization called Extinction Rebellion, which organized a demonstration starting at 10 a.m. ET on Monday in 60 cities worldwide, according […]
The hard data says the US economy is just fine
People carry retail shopping bags during Black Friday events on November 25, 2016 in New York City. Getty Images One major cluster of data shows the U.S. economy is doing well despite concerns of a potential recession. The hard data, which refers to actual numbers about the economy such as […]
Tesla reportedly bought a company that specializes in high-speed battery manufacturing
SpaceX owner and Tesla CEO Elon Musk gestures during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019. Mike Blake | Reuters Tesla has quietly acquired Hibar Systems, a company that specializes in high-speed battery manufacturing systems for electric vehicles, according to Canadian news site Electric Autonomy. […]
US solar industry gets unlikely boost from the Trump administration
Some U.S. solar stocks could get a boost after the Trump administration announced that it will impose tariffs on bifacial solar panels. This special type of panel, which absorbs light on both sides, will be subject to a 25% tariff beginning on October 28. Bifacial panels are gaining traction since […]
Cramer: Elizabeth Warren as president would be ‘more extreme’ on China than Trump
An Elizabeth Warren presidency would be really bad news for China, CNBC’s Jim Cramer said Monday. “She is, I would say, far more extreme than President Trump on what it would take to be able to have a trade deal,” Cramer said, discussing the Massachusetts senator’s 2020 Democratic nomination bid. […]
Before moving all your IRA money to a Roth, consider these lost tax benefits
Jason York | Getty Images If you’re planning to roll over all your assets from a traditional individual retirement account to a Roth version, you might want to tap the brakes. While Roth IRAs grow tax-free and withdrawals generally also are untaxed — and they come with no lifetime required […]
Stocks making the biggest moves premarket: GE, GM, HSBC, Dish Network, Uber, KKR & more
Check out the companies making headlines before the bell: General Electric – GE announced actions to cut its pension plan deficit by up to $8 billion and net debt by up to $6 billion. Those actions include freezing the pension plan for current employees and offering lump-sum buyouts to retirees […]
GE needs to fall another 25% before bulls are safe to buy, technical analyst says
General Electric is in trouble again. Shares tumbled more than 5% last week, caught up in a broad market sell-off and as GE bear Stephen Tusa of JPMorgan warned of weakness in its aviation unit. The stock is down more than 20% from a February peak. On Monday, GE stock […]
GE to freeze pension plans for about 20,000 US employees in a bid to cut debt
Employees use hand tools to assemble components of a LEAP jet engine at the General Electric Aviation plant in Lafayette, Indiana, July 19, 2019. Luke Sharrett | Bloomberg | Getty Images General Electric said on Monday it was freezing the pension plan for about 20,000 U.S. employees with salaried benefits, […]