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2020 Corvette Stingray Convertible Source: Corvette Little more than a week after the splashy introduction of the eighth-generation Chevrolet Corvette Stingray, General Motors has put out a “teaser” video that shows what it has in store next for the two-seater often called “America’s sports car.” Over the next several years, GM officials told CNBC at
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An employee drives a Tesla Motors Inc. Model S electric automobile, equipped with Autopilot hardware and software, hands-free on a highway. Jasper Juinen | Bloomberg | Getty Images Two consumer safety groups are calling for federal and state investigations of Tesla’s semi-autonomous technology in the wake of several fatal crashes linked to the system earlier
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The consumer and industrial economies are telling conflicting tales this earnings season, and it could be enough to trigger a change in Federal Reserve policy, CNBC’s Jim Cramer said Thursday. “The industrial economy is so weak that [Fed Chair] Jay Powell now has plenty of ammo to justify cutting interest rates,” he said. “And if
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Elon Musk Mike Blake | Reuters Tesla shares are headed for their steepest drop since 2013 after the electric carmaker reported a wider-than-expected loss and disappointing revenue and announced the departure of Chief Technology Officer and co-founder JB Straubel from the executive ranks. The stock plunged 14% as of late morning on Thursday to $227.63.
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Billionaire Jeffrey Epstein in Cambridge, MA in 2004. Epstein is connected with several prominent people including politicians, actors and academics. Rick Friedman | Corbis News | Getty Images Victoria’s Secret owner, L Brands, has hired outside counsel to review the company’s relationship with accused child sex trafficker Jeffrey Epstein, a company spokesperson said on Thursday.
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