Ford Drops Semiconductor Bombshell. Adds Alliance To Boost American-Made Chips.

Ford Drops Semiconductor Bombshell. Adds Alliance To Boost American-Made Chips.

Text size Chip shortages have disrupted the auto industry since early this year. David Paul Morris/Bloomberg A global semiconductor shortage has constrained auto production all year, creating production—and stock market—volatility for the entire automotive sector. Ford Motor is taking new steps to minimize the impact on its operations. Ford (ticker: F) and GlobalFoundries (GFS) on … Read more

Biden Asks FTC to Examine Oil, Gas Companies’ Role in High Gasoline Prices

Biden Asks FTC to Examine Oil, Gas Companies’ Role in High Gasoline Prices

WASHINGTON—President Biden called on the Federal Trade Commission to investigate whether oil-and-gas companies are participating in illegal conduct aimed at keeping gasoline prices high. In a Wednesday letter to FTC Chair Lina Khan, Mr. Biden alleged that there is “mounting evidence of anti-consumer behavior by oil-and-gas companies.” He said gasoline prices are rising even as … Read more

Kyle Bass says the big money has been made in bitcoin. This is where investors need to put cash next.

Kyle Bass says the big money has been made in bitcoin. This is where investors need to put cash next.

A hedge-fund manager who made winning bets on subprime loans back in 2007 isn’t too worried about a repeat of that crisis.“I don’t believe we’re in a bubble today, as far as ratios are concerned and leverage in the system is a concern,” Kyle Bass, founder and chief investment officer of Hayman Capital Management, said … Read more

Cramer’s Mad Money Recap 11/12: Rivian, Walmart, Nvidia

Cramer's Mad Money Recap 11/12: Rivian, Walmart, Nvidia

Look for signs of opportunity during next week’s trading, Jim Cramer told his Mad Money viewers Friday. It’s likely that the short sellers will continue betting against the wrong stocks, he said, and that means big gains when they’re forced to cover their positions.Cramer’s game plan for next week starts, as it often does, on … Read more

Moderna Stock Plunges as Vaccine Sales, Earnings, Miss Forecasts

Moderna Stock Plunges as Vaccine Sales, Earnings, Miss Forecasts

Text size Vials of the Moderna Covid-19 vaccine. Guillaume Souvant/AFP via Getty Images Moderna shares plunged 12.3% in premarket trading on Thursday after sales of the company’s Covid-19 vaccine fell short of Wall Street analysts’ estimates by more than a billion dollars. The company reported total revenue of $5 billion for the third quarter of … Read more

Stock Futures Fall After Apple, Amazon Earnings

Stock Futures Fall After Apple, Amazon Earnings

U.S. stock futures declined after quarterly reports from Apple and Amazon.com showed that supply-chain problems and tight labor markets are hitting even some of the biggest corporate winners of the pandemic. Futures for the S&P 500 fell 0.5% Friday, indicating that the broad market index would pare recent gains after the New York opening bell. … Read more