Banks and other financial companies led U.S. stock indexes sharply higher Tuesday, snapping an eight-day losing streak for the Dow Jones industrial average. The rally was broad, with materials and industrial companies among the biggest gainers. Investor optimism that Congress and the White House are pivoting to tax cuts and other business-friendly policy...
PHOENIX— A crash that caused an Uber self-driving SUV to flip onto its side in a Phoenix suburb serves as a stark reminder of the challenges surrounding autonomous vehicles in Arizona, a state that has gone all-in to entice the company by promising minimal government regulation. Uber responded by briefly suspending its self-driving cars in its three testing...
NEW YORK— Uber says it is resuming its self-driving car program in Arizona and Pittsburgh after it was suspended following a crash over the weekend. The difference between the California program versus the ones in Arizona and Pennsylvania is that California does not allow passengers to ride in the vehicles. The company said Monday that it paused the...
The president praised a 2015 plan by cable company Charter Communications to hire 20,000 American call center workers.
WASHINGTON— President Donald Trump on Friday praised a plan by cable company Charter Communications to hire 20,000 American call center workers. But the hiring initiative dates back to 2015 as part of the company's successful efforts to merge with Time Warner Cable. Charter CEO Tom Rutledge had said at an investment conference in December 2015 that the...
Shares of General Motors were down slightly after Ford said its first-quarter profit would be lower than expected.
Using hedge fund analytics tool Kensho, we found the stocks with the highest 6-month correlation to Ford.
CNBC's Jim Cramer discusses Ford's profit warning and its effect on the auto sector
Breaking down bearish bets on General Motors in the options pit with CNBC contributor Mike Khouw.
The "Fast Money" traders weigh in on the auto sector as its stocks get crushed.
Chevy Bolt discounting proves its 'dead,' says Tesla bull Trip Chowdhry.
Auto stocks are taking a beating, and options traders are betting on more pain ahead for one name in particular: Ford.
The markets are being weighed down by a few key red flags right now.
Net sales slipped to $3.79 billion in the third quarter ended Feb. 26 from $4 billion a year earlier, marking the seventh straight quarterly decline.
CNBC's Phil LeBeau takes a closer look at trouble in the auto market. The "Fast Money" traders weigh in.
PARIS— French investigators say they have found evidence of possible emissions fraud in Fiat, Renault, Peugeot-Citroen and Volkswagen cars sold in France, but have found no proof of fraud in Opel vehicles. The Finance Ministry announced in a statement Monday that its consumer fraud agency has closed its investigation into Opel, having found no "facts...
Have we reached peak auto? Auto's stall on loan worries, with CNBC's Melissa Lee and the Fast Money traders.
Amgen gets slammed, and takes biotech with it. Time to buy the dip? With CNBC's Melissa Lee and the Fast Money traders.
JERUSALEM— As the world moves toward an era of self-driving cars, Israel is positioning itself to be the Detroit of the future. Israel is now home to hundreds of startups that provide everything from censors to cybersecurity to data collection for autonomous vehicles, putting it alongside Silicon Valley at the forefront of an industry that many expect to take...
Now that the Fed rate hike has passed, how long will the market continue to give the "Trump rally" the benefit of the doubt?