Electric car manufacturers are working to fit car dealerships into their plans for the future

Customers in protective masks view the interior of a vehicle for sale at a Ford Motor Co. dealership in Colma, California, February 1, 2021. David Paul Morris | Bloomberg | Getty Images DETROIT — As automakers chase Tesla-like profits on new EVs, they’re faced with an existential question: How can franchised car dealerships best be … Read more

Charts suggest investors should bet on “workhorses” in the Dow Jones Industrial Average, says Jim Cramer

CNBC’s Jim Cramer told investors on Friday to avoid stocks in the Nasdaq Composite and instead bet on names listed in the Dow Jones Industrial Average. While tech has started the new year strong, and it was insanely good today, the charts, as interpreted by Larry Williams, say you should be a little wary of … Read more

Amazon will charge delivery fees for fresh grocery orders under $150

Brendan McDermid | Reuters Amazon will begin charging delivery fees for fresh grocery orders under $150, in a move it says will help keep the prices of its services down. Starting February 28, Prime members who want Amazon Fresh home delivery will be charged a $9.95 delivery fee for orders under $50, while orders between … Read more

This is the real reason why American Express gives out such big rewards

Armed with impressive rewards and a loyal customer base, AmEx is a giant in the credit card industry. The company’s revenue is up more than 32% since 2017, adjusted for inflation, and the company’s stock has shown resilience and growth in a tumultuous market. “Discount revenue,” or fees charged to merchants who accept their cards, … Read more

What is a rolling recession and are we in one? Experts explain

By most standards, the US economy is in solid shape. Although the first half of 2022 started with negative growth, a strong labor market and consumer resilience helped turn things around and give hope for the year ahead. Gross domestic product, which indicates the overall health of the economy, rose more than expected in the … Read more

Intel, Chevron, American Express, Silvergate and more

Intel said on April 5, 2022 that it has suspended all business activities in Russia. Paco Freire/Sopa Pictures | Rocket | Getty Images Check out the companies making headlines before the bell: Intel — The chipmaker suffered a 9% loss in its shares in early morning trading after its latest financial results missed analyst estimates … Read more

The UK Chancellor of the Exchequer is sticking to plans for tax increases and promises post-Brexit reforms

Jeremy Hunt gave a speech on Friday to outline plans for economic growth in the UK Bloomberg/Contributor/Getty Images LONDON — British Chancellor of the Exchequer Jeremy Hunt on Friday signaled that he would continue with tax increases, while stressing that Brexit must be developed into a “catalyst” for British growth. “The best tax cut right … Read more

investors are waiting for the main inflation report

Treasury yields rose Friday as investors awaited key inflation data and assessed the outlook for the US economy after Thursday’s gross domestic product report came in better than expected. At 4:35 a.m. ET, the return on the benchmark 10 year treasury rose more than four basis points to 3.5367%. The 2 years treasury yield last … Read more

Asia-Pacific stocks rise as Tokyo inflation approaches a 42-year high

Adani shares continue to fall for the second day in a row with losses Shares of Adani Group companies continued to take sharp losses for a second consecutive trading session in India after short-seller firm Hindenburg announced its short position in the conglomerate’s companies earlier this week. Adani refuted the allegations in two separate statements, … Read more

Adani shares fall further as it weighs legal action against Hindenburg

Adani Group Chairman and Founder Gautam Adani at the News18 Rising India Summit on February 25, 2019 in New Delhi, India. Since becoming a billionaire in 2008, Adani is now one of the richest people in the world, with a fortune of $113 billion, according to the Bloomberg Billionaires Index. Hindu times | Hindu times … Read more