General Motors is set to report earnings before the bell. Here’s what Wall Street expects

General Motors is set to report its second-quarter earnings Wednesday morning. Here’s what Wall Street is expecting, based on average analysts’ estimates compiled by Refinitiv. Adjusted EPS: $2.23Revenue: $30.9 billionThose results would be a record for the automaker in the second-quarter, topping its adjusted earnings before interest and taxes of $3.9 billion, or $1.86 a… Continue reading General Motors is set to report earnings before the bell. Here’s what Wall Street expects

Why Nvidia’s $40 billion bid for Arm could be in jeopardy

LONDON — Nvidia’s $40 billion bid to buy U.K.-based chip designer Arm from Japan’s SoftBank has started to look increasingly uncertain in recent weeks. The deal, one of the biggest semiconductor takeovers ever seen, was announced last September to much fanfare, although competition regulators around the world soon announced plans to investigate the acquisition. Probes… Continue reading Why Nvidia’s $40 billion bid for Arm could be in jeopardy

Elon Musk’s photos show SpaceX rolling out its massive rocket booster for Starship

SpaceX on Tuesday rolled out the rocket booster that the company plans to use to launch the first Starship orbital flight, and Elon Musk shared photos of the enormous vehicle. Musk’s company has conducted multiple short test flights of Starship prototypes over the past year, but reaching orbit represents the next step in testing the… Continue reading Elon Musk’s photos show SpaceX rolling out its massive rocket booster for Starship

U.S. automakers reinstate mask mandates at all facilities due to Delta variant

DETROIT – The United Auto Workers and Detroit automakers are reinstating a nationwide mask mandate at all facilities in response to the rapidly spreading Delta variant of the coronavirus. General Motors, Ford Motor and Stellantis (formerly Fiat Chrysler) said in a joint statement with the union that the move is in response to the Center… Continue reading U.S. automakers reinstate mask mandates at all facilities due to Delta variant

Chip plant says it has not heard anything from UK government on national security probe

LONDON — The U.K. government has not informed Newport Wafer Fab, the U.K.’s biggest chip plant, that its sale to Chinese-owned Nexperia is under investigation, according to two sources close to the company. U.K. Prime Minister Boris Johnson told lawmakers on July 7 he had ordered national security advisor Stephen Lovegrove to review the acquisition… Continue reading Chip plant says it has not heard anything from UK government on national security probe

Nikola reports narrower-than-expected loss during second quarter

Electric vehicle start-up Nikola Corp. reported a narrower-than-expected loss for the second quarter, as the company continues vehicle validation testing and progresses toward delivering its first trucks to customers. Here’s how Nikola did compared with what Wall Street expected based on average estimates compiled by Refinitiv. Adjusted results: a loss of 20 cents per share… Continue reading Nikola reports narrower-than-expected loss during second quarter

An electric jet start-up just signed a $1 billion deal with a commercial airliner

Lilium, a German start-up making electric jets that can take off and land vertically, has announced plans to sell 220 of its vehicles for up to $1 billion to Brazilian airliner Azul. The two firms said on Monday that they plan to build an eVTOL (electric vehicle takeoff and landing) aircraft network across Brazil between… Continue reading An electric jet start-up just signed a $1 billion deal with a commercial airliner

NBA legend Charles Barkley: My advisors ‘don’t believe in crypto

legend Charles Barkley isn’t biting. “My people do not believe in crypto,” Barkley tells CNBC Make It. “I got a couple of financial guys. One of them said, ‘If ever put you in crypto, you should fire me on the spot.’” “And listen, I know that [crypto] is all over the place, to be honest… Continue reading NBA legend Charles Barkley: My advisors ‘don’t believe in crypto

Square posts $45 million in bitcoin-related impairments in Q2

Square’s bitcoin-related investments had a $45 million drag on operating income in its second quarter, the company said late Sunday, more than double its Q1 impairment. Square, a digital payments company, revealed in February it bought $170 million worth of bitcoin, expanding on its October 2020 purchase. That represented about 5% of the company’s total… Continue reading Square posts $45 million in bitcoin-related impairments in Q2

While many investors want a portfolio with a purpose, not all put their money where their mouth is, survey finds

Most individual investors — 67% — think they have a responsibility to put money toward companies that have a positive impact on the world, new research shows. That doesn’t mean they are necessarily acting on the sentiment. While more than half (51%) of retail investors avoid investing in certain stocks due to moral or ethical… Continue reading While many investors want a portfolio with a purpose, not all put their money where their mouth is, survey finds