The 2019 McLaren 720S Spider Mack Hogan | CNBC McLaren is one of the most storied names in racing, but the company’s still a relative upstart in series production vehicles. While it made the record-setting F1 hypercar in the 1990s and worked with Mercedes on the SLR McLaren, the company didn’t get serious about supercars
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On their first trading day in May 2019, shares of Beyond Meat soared 163%. It was the best performance for an IPO in nearly two decades. At one point in 2019, Beyond Meat was bigger than 25% of companies in the S&P 500. Beyond Meat shares rode a perfect storm. Beyond Meat was the first
Ethan Brown, founder and chief executive officer of Beyond Meat, center, celebrates with his wife Tracy Brown, center left, and guests during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Thursday, May 2, 2019. Michael Nagle | Bloomberg | Getty Images Based on the terrible public market performance of
This past week, the Recording Industry Association of America (RIAA) released its mid-year report. It showed that 80% of the of music industry’s revenue comes from streaming, but it also showed that revenue from sales of vinyl records is on track to overtake that of compact discs by the year’s end, should current trends continue.
The timeline for a potential trade deal between Washington and Beijing remains unclear, so CNBC’s Jim Cramer decided to take another look at stocks with high exposure to China before earnings season approaches. “Let’s play a little game, I call it hostage versus non-hostage,” the host of “Mad Money” said Friday. “As in, which companies
SmileDirectClub‘s rocky initial public offering can be attributed to an aggressive asking price, CNBC’s Jim Cramer said Friday. But the “Mad Money” host admits he is unsure of what price he would pay for the upstart orthodontics company’s stock. “I don’t know what the right price is for SDC, but I do know I wouldn’t
Zantac tablets Source: Wikipedia Federal health officials have learned that Sanofi‘s heartburn medication Zantac includes an impurity that could cause cancer, the U.S. Food and Drug Administration said Friday. The FDA said it has been investigating the carcinogen, called N-nitrosodimethylamine or NDMA, in blood pressure and heart failure medicines since last year, and is evaluating
Daenerys Targaryen is one of the key characters that can speak High Valyrian in Game of Thrones. Source: HBO There’s another “Game of Thrones” prequel series in the works, according to several reports, and this one will focus on the Targaryen family. Deadline, the Hollywood Reporter and Variety all reported Thursday that the show is
Everlane, a socially minded clothing company, needed to open brick-and-mortar stores because “basically” no online-only companies are profitable, CEO Michael Preysman told CNBC’s Jim Cramer. Preysman, who founded Everlane in 2011, made his remarks to the “Mad Money” host from the company’s brand-new store in Williamsburg, a hip neighborhood in Brooklyn, New York. “What online-only
In this April 11, 2018, file photo, a high school student uses a vaping device near a school campus. AP Photo | Steven Senne More than one in four high school students in the U.S. use e-cigarettes as teen vaping rates surged to yet another record despite efforts to control the epidemic, according to new
Last week, Jim Cramer held his annual fantasy stock draft, and the “Mad Money” host now is helping investors scan the market “waiver wire” to find some bargains. “That’s some authentic fantasy football gibberish that means trying to pick up some bargains, players not signed by other teams that have turned out to be interesting
The new cameras unveiled this week for Apple‘s new iPhones are going to be a major boon for Facebook‘s photo- and video-sharing platform Instagram, CNBC’s Jim Cramer said Wednesday. Apple on Tuesday debuted three new smartphones — the iPhone 11, the iPhone 11 Pro and the iPhone 11 Pro Max. Each of the devices was
A pharmacist counts prescription drugs at the at the CentreTown Pharmacy in Ottawa, Ontario, Canada, June 12, 2019. Chris Wattie | REUTERS As Amazon gets into the pharmacy space following its purchase of online pharmacy PillPack in the summer of 2018, its potential competitors aren’t making it easy. Surescripts, a company that manages electronic prescriptions, said this
CNBC’s Jim Cramer expounded on the ongoing rotation of investments in the stock market. The “Mad Money” host goes off the charts to understand if the gold and bond prices are nearing a top. Cramer gives his thoughts on activist investor Elliott Management’s $3.2 billion stake in AT&T and explains why he think the move will
Peloton Cycle Source: Peloton Interactive Inc. Peloton seeks to raise as much as $1.16 billion in its initial public offering, the company known for its connected at-home fitness equipment said Tuesday in a regulatory filing. Peloton plans to price its shares between $26 and $29. The company is offering 40 million shares, which would value
Copyright Daimler Daimler Trucks and technology firm Torc Robotics have started to test autonomous trucks on public roads in the U.S. The routes are located on highways in southwest Virginia where Torc — which is part of Daimler Trucks following a majority stake acquisition — is based. In an announcement Monday, Daimler Trucks said that
Scooter drivers in Ho Chi Minh City on November 01, 2016. Thomas Koehler | Photothek | Getty Images Growth in emerging markets has been the linchpin holding up the global economy at a time when advanced countries are threatening to unravel it. That’s the view of former World Bank vice president Ian Goldin, who told
A viral video of yet another Tesla driver asleep at the wheel, apparently driving an estimated 60 miles per hour down a highway in Massachusetts, renewed safety questions surrounding the car’s Autopilot system this week. The 28-second clip posted by Twitter user Dakota Randall at 3:13 p.m. Sunday had been viewed more than 560,000 times and
Vas Narasimhan, chief executive officer of Novartis AG, listens during a panel session on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 22, 2019. Jason Alden | Bloomberg | Getty Images Novartis Chief Executive Vas Narasimhan, facing an uproar over data manipulation involving $2.1 million gene therapy Zolgensma,
A staff member shows gold ornaments at a jewelry store on June 21, 2019 in Huzhou, Zhejiang Province of China. VCG | Visual China Group | Getty Images Veteran investor Mark Mobius is bullish on gold as central banks around the world cut interest rates. “Physical gold is the way to go, in my view,