Prosecutors in Tokyo asked a judge for permission to remove one of the key financial misconduct charges facing former Nissan Chairman Carlos Ghosn, an allegation that he diverted company cash to a Saudi friend. The move came on the same day that Japan’s second-largest automaker announced its 2018 fiscal earnings had plummeted to their lowest
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The global movie industry descends upon the French Riviera this week for the 72nd Cannes Film Festival, one of the most prestigious events in the business. But for the second year in a row, U.S. streaming giant Netflix won’t be there. The red carpet is rolled out prior to the opening ceremony of the 72nd
Monday’s market sell-off was inspired by the escalating trade war with China coupled with Friday’s Uber IPO fiasco, CNBC’s Jim Cramer said. “Whenever there’s a huge, highly visible initial public offering that implodes, it discredits the entire asset class,” the “Mad Money” host said. “That’s exactly what happened after the failed Facebook IPO in 2012.
A cook at a Chick-fil-A restaurant in New York Michael Nagle | Bloomberg | Getty Images Chick-fil-A’s cow mascots have been saying “eat mor chikin” for nearly 25 years. But the Atlanta-based company is mulling over adding vegan options — including meat substitutes — to its menu. Business Insider first reported the news. The company
During the past few decades, the number of companies producing vaccines has dwindled to just a handful. There are other players in the space, but today, the four big drug companies that now dominate the market are Merck, Pfizer, Sanofi Pasteur and GlaxoSmithKline. Selling a vaccine like Shingrix for the shingles or Gardasil 9 for
The 2019 Cadillac CTS-V CNBC | Mack Hogan Cadillac, the luxury arm of auto giant General Motors, appeared to not anticipate the insatiable hunger consumers have for SUVs and crossovers. While Cadillac tried to out-German BMW and Mercedes with a lineup of sports sedans with impressive driving dynamics and great prices, the Germans padded their
Life360 Co-founders Alex Haro, left, and Chris Hulls ring the bell at the Australian Securities Exchange. Life360 Social media company Life360 went public on Friday, the same day that fellow San Franciscan Uber debuted and amid a wave of Bay Area IPOs from names like Lyft, Pinterest and Zoom. But unlike its neighbors, which trade
The 2020 Toyota Supra rear-wheel-drive sports coupe is revealed at the 2019 North American International Auto Show during Media preview days on January 14, 2019 in Detroit, Michigan. Bill Pugliano | Getty Images We’ve been hearing the word, “passion,” a lot from Akio Toyoda since he was named president, in 2009, of the company his
The erectile dysfunction market isn’t as lucrative as it once was, but that hasn’t mattered much to Pfizer. The New York-based pharmaceutical giant is holding a strong share in the ED drug marketplace even as competition from generic drugmakers consumes sales of its once-blockbuster male libido treatment, Viagra. The medication, originally developed with the intention
Dyson, a British manufacturer best known for vacuums, fans, air purifiers and hand dryers, could add electric vehicles to its product portfolio, the company confirmed this week, releasing images of new patents it has received. “We’ve been researching motors, batteries, aerodynamics, vision systems and robotics for 22 years. Now the time is right to bring
The Trump administration a year ago began sending American businesses a clear-cut message to get out of China, CNBC’s Jim Cramer said Friday. Despite another round of tariff increases Friday and a new episode in tense U.S.-China trade relations, many companies heard the message loud and clear. “Nearly everyone in the business community saw this
Wall Street on Monday should expect to see China’s retaliation to higher tariffs from the United States. But the Chinese have done a great deal to limit foreign competition in the country, and that could prove problematic for them in the trade war, CNBC’s Jim Cramer said Friday. “In short, despite what you may have
Uber began trading on the New York Stock Exchange Friday at $42 per share, below its IPO price of $45. The stock was down as much as 8% toward the start of trading. Uber priced its shares Thursday night toward the low end of its target range of $44 to $50 per share. That gave
CNBC’s Jim Cramer said Thursday that his colleague is warning that danger could be on the horizon for the stock market. The “Mad Money” host took a look at chart analysis as interpreted by technician Carolyn Borogen, Cramer’s coworker at RealMoney.com who also runs FibonnacciQueen.com, to understand what could come of this volatile market. The
Zebra Technologies Corp.: “It’s a fast-growing company. We’ve championed it ever since they made the acquisition not that long ago. This is [CEO] Anders Gustafsson. You can look at his excellent interview where I thought he handled himself well. Yes, they did not make the quarter as people wanted, but I’m sticking by it because
It’s been a tough month for Tesla, and the challenges the Silicon Valley electric-car maker faces will only accelerate now that two major European automakers are launching sales of their first entries into the long-range EV market. Both Volkswagen and Mercedes-Benz began taking orders Thursday for new battery-electric vehicles, with the two companies each planning
Americans aren’t ready to buy electric vehicles and don’t think their neighbors are either, according to a new study by AAA. That said, as many as 40 million Americans say they will at least consider a battery-electric vehicle, or BEV, for their next vehicle, the automotive group found. And the public may be more interested
The bull will soon be ready to keep running now that the two-days of market sell-off is behind Wall Street, CNBC’s Jim Cramer said. “To borrow a line from stock sage Johnny Nash: I can think clearly now the sell-off’s almost gone. I can see all obstacles in my way — the Uber deal and
Google CEO Sundar Pichai testifies during a House Judiciary Committee hearing on Capitol Hill in Washington, DC, December 11, 2018. Saul Loeb | AFP | Getty Images As “privacy” has become the new buzzword of Silicon Valley, Google CEO Sundar Pichai is positioning the company’s new products to fit the zeitgeist while undermining its competitor’s
CNBC’s Jim Cramer on Tuesday said Wall Street lacks enough “safety zone areas” to warrant picking any stocks in current market weakness. But the “Mad Money” host also cautioned that, because of uncertainty surrounding U.S.-China trade relations, it may be a gamble to do more selling after the Dow Jones Industrial Average posted its fourth