Washington – Israeli National Security Advisor Jake Sullivan said that Israeli Prime Minister Benjamin Netanyahu agreed on Monday to send a team to Washington to discuss with Biden administration officials about a possible operation in the Gaza Strip.“We have reached a point where each side has made its point clear to the other,” Sullivan said.The White House questions Netanyahu's plan to carry out an operation in the city of Rafah in southern Gaza, where about 1.5 million displaced Palestinians are taking refuge, while Israel seeks to eliminate Hamas in the wake of its deadly attack on October 7.The agreement to…
Author: ricardofrancois
Check out the companies making headlines in midday trading. Nvidia – Shares rose about 3% in light of the company's GTC conference. Investors see the event as a flagship for artificial intelligence, where Nvidia is expected to unveil new products and updates. Zillow – Shares fell 3%, adding to Friday's 13% decline. The stock came under pressure after the National Association of Realtors reached a settlement with home sellers that could result in lower brokerage commissions. Alphabet, Apple – Shares of Google's parent company rose nearly 7% after a Bloomberg report said Apple was discussing licensing Alphabet's Gemini artificial intelligence…
The Volkswagen EV ID.4 crossover at the Volkswagen US plant in Chattanooga, Tennessee, on June 8, 2022.Michael Weiland | CNBCDetroit — “ Volkswagen Workers at a factory in Tennessee have petitioned the National Labor Relations Board for a vote to join the United Auto Workers union, the union announced Monday.The union said that this submission comes after “the vast majority of Volkswagen workers signed union cards in just 100 days,” marking a milestone in the labor group’s organizing process for non-union auto plants in the United States.The UAW has previously failed to regulate foreign automakers in the United States. More…
US homebuilders are feeling more confident about their business than they have since last summer, seeing better demand despite stubbornly high mortgage rates.Homebuilder sentiment rose 3 points in March to 51 on the National Association of Home Builders/Wells Fargo Housing Market Index. The reading rose for the fourth month in a row, reaching its highest level since July.Sentiment also moved into positive territory for the first time since July. Fifty is the dividing line between positive and negative feelings.Mortgage rates fell in the first week of March, then rose again in the second week. The average interest rate on a…
Jim Cramer's daily rapid fire looks at stocks in the news beyond the CNBC Investing Club portfolio. Tesla: Shares rose 5% after the electric automaker announced plans to increase prices for its Model Y vehicles in April. “The stock is reacting positively. … It has been the worst stock on the market [ S & P 500 ]. I completely understand. “I'm not a fan of it, but I'm not against it,” Jim Cramer said. Hertz Global: Stephen Shear is stepping down as CEO of the car rental company, which last year focused on its strategy of adding electric vehicles…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.The University of Cambridge has temporarily stopped accepting donations from fossil fuel companies in response to mounting pressure after an independent report warned that failures in due diligence had created a “high reputational risk”. The university confirmed to the Financial Times that an official decision has been adopted to stop new funding from oil and gas companies, and will continue until the process of accepting donations is reviewed.Jason Scott-Warren, professor of early modern literature at the University of Cambridge who has championed…
Electric vehicle startup Fisker has halted production of its Ocean SUV for six weeks as it seeks a cash infusion. The company said in a regulatory filing Monday morning that it had just $121 million in cash and cash equivalents as of March 15, of which $32 million was restricted or not immediately accessible. Fisker also said on Monday that its accounts payable balance reached $182 million, and that there was “substantial doubt” it could continue operations without raising new capital, after saying in February that it would likely issue such a warning. The filing comes at a worrying moment…
a Storyty | E+ | Getty ImagesSpring, the season when home buying and selling activity begins, is just around the corner The supply of available housing is already starting to rebound: The number of new listings jumped 14.8% from a year ago, the largest annual increase since May 2021, according to new data from real estate website Redfin.Buyers typically look to get a new home before their children's new school year while the seller's home benefits from fresh flowers and renewed greenery after the winter. “It's an ideal time for both buyers and sellers, which is why we see so…
'Look for growth': Strategist tells investors not to worry about high stock valuationsTraders work on the floor of the New York Stock Exchange New York Stock ExchangeInvestors should ignore concerns about high valuations and focus on growth in what has now become a “stock-picking market,” according to Matt Orton, chief market strategist at Raymond James Investment Management.Orton noted that the recent mixed fortunes of the so-called “cool 7” giant tech stocks, which have fueled much of Wall Street's bullish momentum over the past 18 months, were evidence that “we are back in a stock-picking market” where “fundamentals” once mattered. Other.”Much…
Pine Mountain Club, California – With a sense of smell 100 times greater than that of humans, the predators smashed windows, tore off roof tiles and ripped solid wood doors off their hinges to get at the leftover pizza in the fridge. They also defecate on tables, furniture and floors as a “calling card,” officials say.In an area of Southern California that wildlife authorities call a human-black bear conflict zone, the imminent arrival of spring in this small mountain village is met with dread and fear as the hungry giants emerge from their winter hibernation to hunt for food.“Bears are…