British inventor and billionaire Sir James Dyson scrapped plans to mass-produce an electric SUV in October after deciding it would not be “commercially viable,” ending a bid to join a list of rivals to Tesla that already includes startups like Rivian and Byton. Now, Dyson — who is best known as the founder of the eponymous brand
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Investor Paul Meeks sees record upside in technology stocks. Meeks, who’s known for running the world’s largest tech fund during the dot-com bubble, reveals he’s just as passionate now — and he’s making a big bet on semiconductors. “We’re now seeing tech as not only the obvious upside winner, but believe it or not despite what
CNBC’s Jim Cramer on Thursday warned young investors about the potential pitfalls of daytrading in speculative stocks, especially the really cheap ones. “It’s a little disheartening to see all the $1 to $3 stocks that people are gunning,” Cramer said on “Squawk on the Street.” ”If you want to try and make money and it’s legal,
Police stand guard as protesters rally at the Trump Tower, Monday, June 1, 2020, in Las Vegas, over the death of George Floyd. John Locher | AP Civil unrest in Las Vegas and around the country has prompted tourism officials to yank a planned advertising campaign to promote the reopening of Nevada casinos Thursday. “As
Matthew Mitchell, center, talks with customers as Sierra Phillips adjusts a denim display at the American Eagle/Aerie store at Easton Town Center in Columbus, Ohio on May 15, 2020. Andrew Spear | The Washington Post | Getty Images American Eagle Outfitters posted a steeper-than-expected loss on Wednesday, as sales and store traffic plummeted following coronavirus-led
Image of workplace with computer monitor and armchair in the living room at home AnnaStills Amid the coronavirus pandemic, millions of employees have been shut out of their offices and required to work from home. The massive change has many companies evaluating what they can do to make the transition smoother for their workers. One
Networking has become a whole lot tougher under the coronavirus pandemic. At a time when many people need to build their professional contacts to scope out new job opportunities, in-person networking events have become all but impossible. Not all is lost, however. According to LinkedIn’s co-founder Reid Hoffman, now is the perfect time to try out
The last two recessions may help determine what’s next for the recent market rally. Economic Cycle Research Institute co-founder Lakshman Achuthan has narrowed the possible recovery paths into two scenarios: The dot.com bubble collapse and financial crisis aftermath. Achuthan builds his case in a special S&P 500 chart showing performance during the 2009 to 2010 and
Mary Barra, Chairman and CEO of General Motors. Bill Pugliano | Getty Images General Motors expects its North American vehicle production to return to near pre-coronavirus levels by the end of June, Chairman and CEO Mary Barra said Wednesday. The Detroit automaker has worked aggressively to restart its operations, particularly those that produce pickup trucks, since restarting
Fake videos and audio keep getting better, faster and easier to make, increasing the mind-blowing technology’s potential for harm if put in the wrong hands. Bloomberg QuickTake explains how good deep fakes have gotten in the last few months, and what’s being done to counter them. Video by Henry Baker, Christian Capestany
In an early interview with CNN, SpaceX founder Elon Musk explained how he could work with NASA and his vision for the future of space travel. Vault by CNN is a series that unearths old videos and interviews from CNN at critical moments in tech, media and business. #CNN #Business #ElonMusk CNN Business brings you
Cans of Campbell’s Chicken Noodle Soup are seen in a supermarket in New York. Richard Levine | Corbis News | Getty Images Campbell Soup raised its full-year profit and sales forecast on Wednesday after beating expectations for third-quarter results as consumers stocked up on soup, pasta sauces and salsa while they stayed at home during
Corporate and nonprofit leaders are echoing the anger, pain and frustration expressed by many Americans after the death of George Floyd, the 46-year-old black man who died in police custody in Minneapolis on May 25 after a white officer kneeled on his neck for more than eight minutes. On Monday several black leaders in business
Mark Cuban says it’s “a moral imperative” for white people in America to change their behaviors and mindsets in order to address racism. “Dear White People: We are the ones that need to change,” the billionaire owner of the NBA’s Dallas Mavericks wrote in a tweet on Monday. Cuban’s tweet also included a link to
The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, April 26, 2020. Jeena Moon | Reuters Futures contracts tied to the major U.S. stock indexes held steady at the start of the overnight session Wednesday evening on the
Zoominfo Source: zoominfo ZoomInfo is aiming to price its initial public offering $1 ahead of its already-buoyed price range, two sources familiar with the matter told CNBC. The company had already raised their IPO price range Tuesday morning, but now could target as high as $21 a share and rake in nearly $1 billion. ZoomInfo,
In 14 days, the Small Business Administration processed 14 years’ worth of loans, in the first round of funding for the Paycheck Protection Program. The second round has been an entirely different story. After a rush to replenish the program with $310 billion in additional funding, the second funding round began April 27. More than a
Zoom reported revenue growth of 169% from the previous year in its first-quarter earnings report on Tuesday, and nearly doubled its revenue guidance for the full year, as the coronavirus pandemic drove millions of new customers to the video calling service and turned it into a household name. Shares fell 4% in after-hours trading during the
Luis Alvarez Call it the never-ending tax season. It may be hard to believe, but taxpayers have approximately six weeks to file their 2019 income tax returns and pay taxes owed to the IRS. July 15 is the new Tax Day, as the Treasury Department moved the deadline to help taxpayers contend with disruption related
As people across the country and the world protest the treatment of black Americans, police brutality and the killing of George Floyd, and as some U.S. cities impose curfews due to incidents of looting and violence, former President Barack Obama has taken to Medium to suggest a next step: Vote. Specifically, Obama said those who care
A worker examines a sewage recycling pool in the coal liquefaction factory of CHN Energy in Ordos, north China’s Inner Mongolia Autonomous Region, April 11, 2019. Xinhua | via Getty Images BEIJING — China has a lot more to worry about at home than its foreign policy. Some energy-related companies in the country have found themselves caught
SpaceX’s Crew Dragon spacecraft docks with the International Space Station on May 30, 2020. NASA CAPE CANAVERAL, Fla. — The inaugural SpaceX astronaut mission successfully completed the first leg of its journey on Sunday, docking with the International Space Station. “It’s been a real honor to be just a small part of this nine year
New York Gov. Andrew Cuomo conducts a news conference on the COVID-19 pandemic at the National Press Club in Washington, D.C., after a meeting with President Trump at the White House on Wednesday, May 27, 2020. Tom Williams | CQ-Roll Call | Getty Images New York Gov. Andrew Cuomo said mass protests for the police killing
Merchandise is displayed for sale at a Dick’s Sporting Goods Inc. store in West Nyack, New York. Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods on Tuesday reported a decline in same-store sales of almost 30% for the first quarter, when stores across the country were shut during the coronavirus crisis. The retailer
Chip Somodevilla | Getty Images Millions of Americans are suffering financially amid the gradual reopening of the U.S. economy. And there are multiple ways the U.S. government could extend more relief. The question is which one it will choose — and exactly how much cash could end up in your wallet. As the coronavirus pandemic
In just a few days, bail funds across the country have received tens of millions of dollars in donations after the killing of George Floyd, a black man, while in police custody in Minneapolis. The influx of donations is so large in such a short period of time that some funds, including the Minnesota Freedom Fund and the Brooklyn Bail
U.S. stock futures were flat in overnight trading, as Wall Street continues to rally on optimism over economies emerging from coronavirus-led shutdowns despite ongoing protests. Dow futures rose 10 points, indicating a gain of 0.02%. The S&P 500 and Nasdaq were also flat, indicating gains of 2 and 5 points, respectively. On Tuesday, stocks rose as optimism
Rick Smith, CEO of Axon Enterprises. Adam Jeffery | CNBC Shares of law enforcement supplier Axon Enterprise spiked more than 9% in premarket trading after protests against police brutality turned violent in many cities across the country. Axon, formerly known as Taser International, sells electrical weapons and body cameras for law enforcement officers. The stock’s jump
Las Vegas Metropolitan Police Officers walk down Las Vegas Boulevard during a Black Lives Matter demonstration demanding justice for the death of George Floyd on May 31, 2020 in Las Vegas, Nevada. Denise Truscello | Getty Images Las Vegas is getting ready to launch a “Welcome Back” ad campaign to encourage visitors to come. But
The coronavirus may have you thinking more about your mortality. After all, what if…? Pandemic or not, it’s important to consider what would happen to your bank accounts, your home, your belongings — i.e., everything you own — and, perhaps, your dependents, if you’re no longer here. In other words, you should prepare a will