Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Sauger for General Motors DETROIT — General Motors will close reservations for its electric
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In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT A Walmart worker organizes products for Christmas season at a Walmart store in Teterboro, New Jersey. Eduardo Munoz | Reuters Walmart announced Wednesday that it will be hiring 40,000 seasonal and full-time associates as the holiday season approaches. The company says it is hiring for
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC DETROIT – Ford Motor’s stock suffered its worst day in more than 11 years, after the automaker pre-released part of its third-quarter earnings report and warned investors of $1 billion in
In this article BYND Follow your favorite stocksCREATE FREE ACCOUNT Beyond Meat said its operating chief Doug Ramsey has been suspended, effective immediately, after he was arrested Saturday evening for allegedly punching a man and biting his nose. The company said in a statement on Tuesday afternoon that Jonathan Nelson, the company’s senior vice president
In this article PTON Peloton Rowing Machine Courtesy: Peloton Peloton is adding a line of rowing machines to its lineup as the company works through a restructuring to expand its customer base and return to a profit. The fitness machine maker said on Tuesday it’s launching Peloton Row, which starts at $3,195 and is now
In this article SONY Viola Davis stars in Sony’s “The Woman King.” Sony During a lull in the movie calendar, Gina Prince-Bythewood’s “The Woman King” is generating the kind of buzz — and ticket sales — that the box office desperately needs. Theaction-packed film about an all-female regiment of warriors brought in $19 million at
In this article F 2023 Ford F-150 Raptor R Ford DETROIT – Ford Motor on Monday warned investors that the company expects to incur an extra $1 billion in costs during the third quarter due to inflation and supply chain issues. Ford said supply problems have resulted in parts shortages affecting roughly 40,000 to 45,000
In this article HLT LMT Concept art of a “Starlab” space station Nanoracks PARIS — Hotel giant Hilton has signed on to design astronaut facilities for the private space station Starlab, currently under development by Voyager Space Holdings and Lockheed Martin, the companies told CNBC on Monday. In addition to designing hospitality suites and sleeping
In this article 8604.T-JP Rice production in India has fallen by 5.6% year on year as of September in light of below-average monsoon rainfall, which has affected harvest, Nomura said. Rebecca Conway | Getty Images News | Getty Images India, the world’s largest rice exporter, has banned shipments of broken rice — a move that
In this article FDX HD Home Depot‘s business has remained strong even as turbulent economic conditions pinch consumers’ wallets, CEO Ted Decker told CNBC’s Jim Cramer on Friday. His comments were in response to Cramer questioning him about whether he has seen the same signs of recession that FedEx CEO Raj Subramaniam warned of on
Loading chart… Albemarle Corp: “I suggest that you wait for it to come down a little, but I do like the situation very much.” Loading chart… Nikola Corp: “I think that stock is lethal, frankly. … I don’t want to own it.” Loading chart… ICL Group Ltd: “I like this company.” Loading chart… Cheniere Energy
Water tender crews monitor a backfire during the Mosquito fire in Foresthill, an unincorporated area of Placer County, California on September 13, 2022. Josh Edelson | AFP | Getty Images As a massive wildfire chewed through tens of thousands of acres in California over the past week, smoke and ash billowed into nearby towns including