Here’s an update on our energy, industrials and materials names in Jim Cramer’s Charitable Trust, the portfolio we use at the CNBC Investing Club. Jim ran through all 35 of the holdings during the Club’s inaugural Annual Meeting last Saturday, an in-person event held in New York City. A video replay of the meeting is available here […]
In a Tweet earlier this morning, South Carolina Governor Henry McMaster has confirmed that Volkswagen Group has chosen the Eastern state as home to its new production facility to build Scout brand EVs. The news comes after recent speculation about where Volkswagen would set up the new facility for Scout Motors after sharing intentions to […]
The first Toyota bZ3 electric vehicle powered by BYD technology came off the assembly line this week in China. The co-developed Toyota-FAW bZ3 EV starts at just over $27,000 (189,800 RMB), with deliveries expected to begin soon. Toyota officially announced the bZ3 EV in October 2022, its second model from its bZ (Beyond Zero) lineup […]
One type of hydrogen production uses electrolysis, with an electric current splitting water into oxygen and hydrogen. If the electricity used in this process comes from a renewable source then some call it “green” hydrogen. Alex Kraus | Bloomberg | Getty Images In August, the White House passed a historic piece of legislation with The […]
The logo of the OPEC is pictured at the OPEC headquarters on October 4, 2022. Joe Klamar | Afp | Getty Images DUBAI, United Arab Emirates — International oil benchmark Brent crude dropped as much as 2.8% on Friday morning in New York on the back of a report that the United Arab Emirates is […]
Germany has unexpectedly objected to the EU’s planned vote to officially ban combustion vehicles by 2035, questioning its support for the law and how it will affect the industry, particularly by not properly explaining how the use of e-fuels will be regulated. European Parliament, Commission, and EU members worked through months of negotiations last year […]
UK Managed Equipment Services (MES) companies Althea UK and Medipass Healthcare have announced they have merged operations and have been rebranded as Ergéa. The newly formed Ergéa now covers radiology, radiotherapy, endoscopy, cardiology, and surgical theatres. The company also provides vendor independent maintenance services for endoscopy, radiology and biomed equipment in the UK. Althea UK […]
Oil companies pulled in record profits in 2022, as oil prices skyrocketed. Revenues for the biggest integrated European and American oil companies nearly doubled during 2021. Profits soared. But that has also spurred backlash from consumer advocates and political leaders. “Oil companies’ record profits today are not because they’re doing something new or innovative,” President […]
When Tesla announced that it would begin opening up its Supercharger stations in the US for non-Tesla EVs, we expected to see a wide range of electric cars flood the fast charging stations. And that has certainly happened in the last few days since the Superchargers were opened up to the masses. But it’s not […]
Population health technology company Color announced it had laid off workers as it pivots focus away from COVID-19 testing. According to posts by former employees on LinkedIn, the company cut 300 jobs. Color CEO Othman Laraki confirmed the layoffs in his own post, saying the company was downsizing its teams focused on COVID-19 testing given […]
