CNBC’s Jim Cramer told investors on Tuesday to sell their speculative stocks to fund purchases of more stable stocks. “It’s time to take profits on the most speculative stocks in your portfolio and move that money into something more resilient,” said the “Mad Money” host. “A mild recession is still a recession. You have to … Read more
WASHINGTON (AP) — As part of the rollout of a massive new climate, tax and health care bill, the US government is moving forward with its plan to grant new tax credits to electric vehicle buyers. Several new websites were launched Tuesday to help people identify which vehicles qualify for the credits. Based on data … Read more
CNBC’s Jim Cramer warned investors on Tuesday not to believe the Federal Reserve will bring about a soft landing for the economy. “Fair-weather bulls, all of whom thought we were heading for a severe recession two months ago… are now rushing to announce a soft landing way too early,” said the host of “Mad Money.” … Read more
2023 Dodge Hornet GT cleverness DETROIT – The first electrified vehicle for the Dodge brand under Stellantis will be a plug-in hybrid crossover called the Hornet, a resurrected name most recently used for a 1970s station wagon. The compact crossover will be Dodge’s new entry-level model, with a starting price of less than $30,000 for … Read more
On July 25, Walmart warned about its earnings for the rest of the year, saying high fuel and food prices are pushing consumers to cut back on other spending, forcing the chain to cut prices on some non-essential goods, such as clothing, electronics and household items. The profit warning was seen as another sign of … Read more
Contractors work on a home under construction in Antioch, California, on Tuesday, June 14, 2022. David Paul Morris | Bloomberg | Getty Images Rising costs and declining confidence in the US economy are fast becoming a poisonous cocktail for the housing market. As a result, a growing number of buyers are withdrawing from deals they … Read more
American Airlines has agreed to purchase 20 supersonic Overture aircraft from Boom Supersonic, the companies announced Tuesday. The deal is Boom’s second firm order in the past two years, years of building its first commercial aircraft. United Airlines made a commitment last year to buy 15 Overture jets. “Passengers want flights that are faster, more … Read more
BERLIN — A test car with autonomous steering power ended up in oncoming traffic in Germany, killing one person and seriously injuring nine others, police said on Tuesday. A police spokesman in the southwestern city of Reutlingen said the electric BMW iX with five people on board, including a young child, veered out of its … Read more
For starters, customers can finally order a Dodge Challenger convertible. You can buy a convertible version of the Ford Mustang or Chevrolet Camaro for a long time now. Now, after 14 years on the market, the Challenger, which is considered to be something of a competitor to those two ‘pony cars’, will finally be available … Read more
Ola CEO Bhavish Aggarwal appears on screen during a presentation on August 15, 2021. The company’s EV arm, Ola Electric, plans to launch an electric car in 2024. Samyukta Lakshmi | Bloomberg | Getty Images Ola Electric’s CEO said Monday that his company would launch an all-electric vehicle that can go from 0 to 100 … Read more
