January 20, 2009 was a historic day, as Barack Obama became the first African-American president in United States history. It was also a chilling time in the economy, as major financial institutions were still struggling and the country was bleeding hundreds of thousands of jobs every month. The government’s response was still uncertain, with many

“Drivers like these trucks because they are peppy and quiet,” Lindgren said. The fuel-cell system that will be used in the prototypes will be supplied by Toyota and is an updated version of an original test vehicle that operated at the ports this past year. The new trucks will actually pair two stacks producing about

When Goldman Sachs talks, investors listen. Goldman analyst Patrick Archambault, who covers Tesla, put out a report with a price target on the stock of $84, a 34 percent discount to the prior day close of $127.26. Archambault had come up with three scenarios for the company, based on how many cars it would sell,

Comcast: The NBC and CNBC parent will report earnings Wednesday as it waits for its deal to buy a majority stake in European television network Sky to close. “I think the deal’s terrific because Comcast has grown so large that the regulators frown on them making more acquisitions here in the U.S.,” Cramer said. “The

David L. Ryan | The Boston Globe | Getty Images Mark Zuckerberg, Harvard dropout and CEO of Facebook, a company worth nearly $400 billion, is pictured at the Harvard University commencement in Cambridge, MA on May 25, 2017. Facebook is making yet another attempt to win back teens to its platform — this time, with

Saul Loeb | AFP | Getty Images Facebook founder and CEO Mark Zuckerberg arrives to testify following a break during a Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee joint hearing about Facebook on Capitol Hill in Washington, DC. The Federal Trade Commission is considering imposing a “record-setting fine” against Facebook for allegedly

Daniel Acker | Bloomberg | Getty Images An Eli Lilly & Co. logo is seen on the cap of a pill bottle in this arranged photograph at a pharmacy in Princeton, Illinois. Eli Lilly said its cancer treatment Lartruvo failed to meet the main goal in a late-stage trial and it expects to take a

The stock market’s positive response to a report that U.S. officials were considering lifting tariffs on China to get a trade deal was telling, but it wasn’t necessarily good, CNBC’s Jim Cramer said Thursday. “Stocks that had been crushed on Chinese worries roared higher like this arrangement was already a done deal” despite the report

David A. Grogan | CNBC Brad Smith, President and Chief Legal Officer, Microsoft, speaks at the 2017 Cambridge Cyber Summit on October 4, 2017. The current U.S. government shutdown is not good for business, Microsoft president and chief legal officer, Brad Smith said on CNBC’s “Closing Bell” on Thursday. “It is not good for business,”

Luke Sharrett | Bloomberg | Getty Images An employee helps install a traction motor onto the truck of a General Electric Evolution Series Tier 4 diesel locomotive at the GE Manufacturing Solutions facility in Fort Worth, Texas. General Electric may yet sell its valuable aviation financing and leasing business, GE Capital Aviation Services, as the

You may not have heard of New Relic, but you’ve probably heard of one of the software analytics company’s newest clients: Fortnite maker Epic Games. New Relic, a cloud-based operator that helps companies monitor their websites and apps in real time, does just that for Fortnite, the company’s founder and CEO, Lew Cirne, told Cramer

The wealthiest Americans are still the hardest hit by stocks – but now, more than ever, the rest of the country feels the pinch of a decline in the market. “Household equity holdings have more than tripled as a share of disposable income at the aggregate level since the late 80s,” Goldman Sachs senior economist

Daniel Acker | Bloomberg | Getty Images A customer shops in a supermarket in Princeton, Illinois. Jefferies downgraded its outlook on Anheuser Busch Inbev‘s stock to underperform on Wednesday, saying the brewing company is facing heavy global competition, hurting any near term growth. “Market share pressures could lead to some disappointment on recovery potential resulting

Macy’s weaker-than-expected holiday sales results seems to be more of a Macy’s problem than a retail industry problem, CNBC’s Jim Cramer said Tuesday. Shares of the old-line department store operator saw their worst trading day ever after Macy’s reported lower holiday sales for the end of 2018 and slashed its earnings outlook for the year.

Nike provided a glimpse of what the future of footwear could look like by introducing the first self-lacing smart basketball shoe on Tuesday. The Adapt BB, priced at $350, does more than just lace itself. Using a power lacing system called Fit Adapt, users can adjust to find the perfect fit whether it’s manually or

Gillette has come under fire after releasing a commercial that draws on the #MeToo movement to challenge “toxic masculinity.” In the ad, the razor brand — a subsidiary of global giant Proctor & Gamble — calls out “bullying,” “sexual harassment” and “toxic masculinity,” and questions: “Is this the best a man can get?” The campaign

The parent company of Calvin Klein and Tommy Hilfiger has “changed the narrative” for the retail sector, and its stock still has more upside, CNBC’s Jim Cramer said Monday after the major averages fell slightly on earnings worries. “PVH had a very rough time in the second half of 2018. Even though shares have rallied

What does the economy have in store for retailers in 2019? For some, it’s a waiting game. Businesses are waiting for economic data and earnings to come out to make big decisions on how much and where to invest. They are waiting to see if the economy is about to slip into a recession, waiting

Shares of Lululemon rose nearly 3 percent in premarket trading Monday after the company indicated it saw strong sales during the holidays. While retailers like Macy’s struggled to meet expectations for their holiday sales, Lululemon benefited from the best holiday season in six years. Monday morning, the athleisure retailer raised its forecast for both revenue

RAM Trucks has stolen the limelight with its 1500 pickup truck in the eyes of many auto industry watchers. Now it wants to spread a bit of that magic out to larger work pickups. Fiat Chrysler released an updated lineup of heavy-duty pickups at the Detroit auto show on Monday. With the new models, RAM

Bryan Mitchell | Getty Images Part of the overall show floor seen during the press preview days at the North American International Auto show January 14, 2008 at Cobo Center in Detroit, Michigan. The NAIAS is the world’s largest auto show. Long the dominant U.S. auto show, Detroit’s North American International Auto Show that kicks

In recent years the company has begun releasing a slew of SUVs meant to target these gaps, as the brand phases out slower selling sedans. Cadillac debuted the compact XT4 crossover at the New York International Auto Show in 2018, and the mid-size XT5 back in 2015. Given how strong GM’s other brands are —

The North American International Auto Show kicks off Monday, but Detroit’s flagship car exposition isn’t what it used to be as luxury automakers are going elsewhere to debut their latest designs. Audi, BMW, Mercedes, Volvo, Porsche, Jaguar, Land Rover are skipping the show in an official capacity this year. Even smaller manufacturers, like Mitsubishi and

According to a spokesperson for Amazon.com, “once we receive a returned product we conduct a thorough inspection to determine if it can be sold to another customer as either ‘new’ or ‘used.’ If sellable as new, it goes back on the shelf. If we determine it can be sold as used, the team takes the

Lockheed Martin Corp.: “That’s not a growth stock. That is not a growth stock, not with Democrats taking over control of the House. I am not going to steer you toward Lockheed Martin. If you want growth, I suggest you do not look at the defense stocks.” J.M. Smucker Co.: “They keep missing the quarter,

Earlier in the day, CEO Mary Barra told CNBC’s Phil LeBeau, “From a 2018 perspective, it is not only a focus on really capitalizing on the new trucks we have out there, the light-duty trucks, but also the focus on cost reduction so it was across the board. Every element of the company.” The company

Huawei’s research and development company, Santa Clara, Calif.-based Futurewei Technologies, was blocked this week from shipping telecommunications equipment and software manufactured stateside. The Commerce Department called the equipment a security risk. It’s part of a multi-pronged effort “to ratchet up the pressure on China,” said Tom Kellermann, chief cybersecurity officer of cybersecurity company Carbon Black

Apple plans to unveil three new iPhone models later this year, including a successor to the XR, The Wall Street Journal reported Friday. The tech giant’s new phones will include new camera features, the WSJ reported, citing people familiar with the situation. The higher-end model will be fitted with a triple rear camera, while the

The Brazilian government on Thursday said it would allow a proposed tie-up between planemakers Embraer and Boeing to go forward, capping weeks of uncertainty in which President Jair Bolsonaro expressed hesitation. The approval maintains the terms of the deal as previously proposed, with Embraer selling 80 percent of its commercial plane division, its most profitable,

Michael S. Williamson | The Washington Post | Getty Images As an airliner prepares to land, a bird takes off at the Gravelly Point park that’s just off the end of the runway near Reagan National Airport. Airlines can’t get federal officials to sign off on new planes and routes amid the U.S. government shutdown,