DETROIT – General Motors ‘US vehicle sales in the second quarter were slightly below analysts’ expectations as a persistent shortage of semiconductor chips impacted vehicle production and dealer inventories. The Detroit automaker reported second-quarter sales of 688,236 vehicles on Thursday, 39.7% more than a year earlier, as the coronavirus pandemic caused Americans to seek shelter …
Category Archives: Business
Trump Group CFO Allen Weisselberg pleads not responsible to tax crimes
The Trump Organization’s long-time chief financial officer Allen Weisselberg pleaded not guilty Thursday to tax-related crimes that include scheme to defraud and grand larceny in a Manhattan court, where the company also was hit with related criminal charges. A 15-count indictment says the Trump Organization and Weisselberg devised a scheme to compensate Weisselberg and other …
Continue reading “Trump Group CFO Allen Weisselberg pleads not responsible to tax crimes”
New Covid wave has arrived in Europe, WHO says
Scotland fans arrive at King’s Cross Station on June 17, 2021 in London, England. Soccer games, taking place during the Euros, have been blamed for a rise in Covid cases numbers. Rob Pinney | Getty Images Sport | Getty Images A new wave of coronavirus cases could soon arrive in Europe, the World Health Organization …
Continue reading “New Covid wave has arrived in Europe, WHO says”
CureVac desires to “go forward” with Covid vaccine regardless of research outcomes
An employee of the German biopharmaceutical company CureVac will demonstrate research on a vaccine against the coronavirus (COVID-19) disease in a laboratory in Tübingen on March 12, 2020. Andreas Gebert | REUTERS LONDON – CureVac plans to continue work on its Covid-19 vaccine despite disappointing results from clinical studies showing the vaccine is only 48% …
Nio shakes off chip scarcity with greater than 8,000 deliveries in June
Nio plans to begin deliveries of its ET7 electric sedan in 2022. Evelyn Cheng | CNBC BEIJING — Chinese electric car start-up Nio said Thursday it delivered more than 8,000 cars in one month for the first time. The company delivered 8,083 vehicles in June, bringing the second-quarter total to 21,896 cars, according to a …
Continue reading “Nio shakes off chip scarcity with greater than 8,000 deliveries in June”
Sustainable investing now not means decrease returns
The CEO of banking giant Credit Suisse told CNBC that the coronavirus pandemic has “greatly accelerated the trend towards ESG and sustainability” and sought to highlight investment opportunity across the board. “The demand we see – from both our residential and institutional customers – for ESG-compliant products is growing all the time,” said Thomas Gottstein, …
Continue reading “Sustainable investing now not means decrease returns”
Trump Group expects to be charged Manhattan DA case
CNBC Politics Read more of CNBC’s politics coverage: A spokesman for DA Cyrus Vance Jr. has repeatedly declined to comment on the probe or any timing of possible charges. Ronald Fischetti, a lawyer for the Trump Organization, and spokesmen for the company did not immediately respond to requests from CNBC seeking comment. If the Trump …
Continue reading “Trump Group expects to be charged Manhattan DA case”
New digital funds spur questions over shopper privateness, safety
As more and more consumers embrace new methods of payment on e-commerce sites, questions over cybersecurity have become even more critical for businesses. In a Mastercard survey on new payments, conducted across 18 markets globally, a majority of consumers polled said they were willing to consider emerging payment methods such as digital or mobile wallets, QR …
Continue reading “New digital funds spur questions over shopper privateness, safety”
Invoice Cosby launched from jail after court docket overturned his conviction
Bill Cosby was released from prison Wednesday after the Pennsylvania Supreme Court overturned his conviction of indecent assault. The state’s highest court overturned Cosby’s conviction based on an agreement he made with a former prosecutor that would have prevented Cosby from being prosecuted in the case. The ruling prohibits a retrial, court documents say. The …
Continue reading “Invoice Cosby launched from jail after court docket overturned his conviction”
“Hamilton” receives US $ 30 million in Covid assist from the federal government
People walk in front of “Hamilton” at the Richard Rodgers Theater in Times Square on May 12, 2021 in New York City. Noam Galai | Getty Images Entertainment | Getty Images Broadway hit “Hamilton” could receive up to $ 50 million from the Shuttered Venue Operators Grant program, a $ 16 billion federal aid program …
Continue reading ““Hamilton” receives US $ 30 million in Covid assist from the federal government”