$30,000 EV coming in two and a half years, at a profit
An electric Ford truck is displayed during the Electrify Expo D.C. in Washington, D.C., on July 23, 2023. Nathan Howard | Getty Images Ford Motor expects to introduce a $30,000 all-electric vehicle that will be profitable in roughly two and a half years, CEO Jim Farley said Friday during the Aspen Ideas Festival. Farley did […]
Boeing delays Starliner return, NASA says astronauts aren’t stranded
Boeing’s Starliner spacecraft is pictured docked to the International Space Station orbiting above Egypt’s Mediterranean coast on June 13, 2024. NASA NASA and Boeing are further extending the first Starliner crewed flight but are not yet setting a new target date for returning the capsule to Earth, the organizations announced on Friday. Boeing’s Starliner capsule […]
Here’s what Trump and Biden got wrong about Social Security during the first debate
Both candidates missed the chance to discuss plans to fix the program.
Delta One JFK lounge opens. Here’s what’s inside
The bar at the Delta One lounge at New York’s John F. Kennedy International Airport. Leslie Josephs | CNBC Delta Air Lines’ most exclusive airport lounge opened this week to travelers flying on the right ticket. The Delta One lounge at the carrier’s hub at New York’s John F. Kennedy International Airport is available to […]
Long-term Treasury yields head for fourth day of declines in five sessions after May PCE data
Yields on U.S. government debt edged slightly lower Friday morning after data showed the Federal Reserve’s preferred inflation gauge cooled in May.
Pfizer stock recovers after Covid decline but some employees struggle
Kena Betancur | Corbis News | Getty Images Pfizer had a “phenomenal” first quarter — and Wall Street took notice, CEO Albert Bourla told thousands of employees during a companywide town hall on May 2, according to a recording heard by CNBC. A day earlier, the pharmaceutical giant’s stock had closed 6% higher after its […]
Rivian investor day focuses on cost reductions, efficiency gains
A Thursday investor event for Rivian Automotive that focused on cost-cutting efforts, efficiency gains and in-house technologies and software wasn’t enough to build on the company’s significant share growth this week. Shares of the all-electric vehicle startup fell by about 2% to 6% for much of the event, eating into some of its 23% gain […]
‘His wife is manipulative’: My father married a woman, 60, with no money, then changed his will. How can I preserve my inheritance?
“He changed his will, leaving his new wife his share of the estate, plus all of the contents of the house, including family heirlooms.”
Drug prices have risen almost 40% over the past decade
Mike Mergen | Bloomberg | Getty Images The cost of prescription medications in the U.S. has increased 37% since 2014, far surpassing the rate of inflation, according to data from drug savings company GoodRx. Though the price increases have slowed this year in comparison to the past decade, the higher costs are raising out-of-pocket expenses […]
Infinera’s stock rockets 18% after $2.3 billion purchase by Nokia
Shares of Infinera Corp. rally after hours Thursday after a $2.3 billion deal with Finnish telecom giant Nokia Corp.
