CNBC’s Jim Cramer said Friday that this week was the latest example of the market going crazy after a Federal Reserve meeting. But based on previous market reactions to the central bank’s previous rate hikes, this week’s activity may not prove to be very meaningful in the long run. The initial reaction to the Fed’s … Read more
Spire and Momentus received delisting warnings on Friday, according to the securities filings, as share prices of both companies traded below $1 per share. The companies have 180 days, or about six months, to get their share price back above $1 per share. Both companies noted the possibility of conducting a reverse stock split to … Read more
SANTON, Tenn. – Ford said Friday that its assembly plant under construction in western Tennessee will be able to build up to 500,000 electric pickup trucks a year at full capacity, part of the automaker’s ambition to build 2 million worldwide by the end of the day electric vehicles to be produced per year by … Read more
The moment of the anomaly during the New Shepard cargo mission NS-23, when the booster’s engine failed. Blue origin Jeff Bezos’ aerospace company Blue Origin has released findings from an investigation into the failed flight of a cargo mission last year, which it says was due to a problem in the rocket’s motor nozzle. The … Read more
CNN — Renee Martray of South Carolina has severe and permanent corneal scarring that leads to vision loss. She says it’s like trying to see through glasses dipped in oil. Nancy Montz from Ohio developed a corneal ulcer, spent three weeks in the hospital and lost vision in her left eye. Florida’s Carla Oliva developed … Read more
Jack Dorsey, chief executive officer of Square Inc., second right, gives a tour of the floor of the New York Stock Exchange (NYSE) in New York, USA, on Thursday, November 19, 2015. Jana Paskova | Bloomberg | Getty Images Check out the companies making headlines during midday trading. Block — Shares lost nearly 3%, after … Read more
Consumer culture on indie resale platforms has shifted as more sellers compete to meet demand and more inflation-weary shoppers hunt for deals. Negotiations, bidding wars, and upsell items are becoming more common on digital marketplaces like Depop and Poshmark. Major retailers like Target and H&M have tried to get in on the hand-me-down campaign by … Read more
A Mercedes-Benz van retrofitted with different types of lidar systems, including Luminar’s Iris, to show the differences in the technologies. Michael Wayland/CNBC Lidar maker Luminar Technologies, stung by a recent Wall Street downgrade, is responding in an unusual way: going straight to shareholders. In a letter seen by CNBC Friday morning, Luminar CFO Tom Fennimore … Read more
The new Ford plant being built outside of Memphis, Tennessee, will be able to build 500,000 electric vehicles annually at full production capacity, the company said Friday. The first and only product announced for the plant to date is a next-generation electric truck, which Ford has codenamed “T3,” short for “TrustTheTruck.” Ford and battery supplier … Read more
CNN — Russia is unable to meet its arms supply pledges to India because of the war in Ukraine, the Indian Air Force (IAF) said. An IAF representative told an Indian parliamentary committee that because of the war in Ukraine, a “major delivery” from Moscow “will not take place”. The admission, published in a report … Read more