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Jim Cramer

Investors get more reasons to like Apple after scrapping EV plans, AI update

Apple offered investors more reasons to like its stock after the company reportedly canceled its decadelong electric, self-driving car project and CEO Tim Cook talked up the iPhone maker's artificial intelligence vision. The tech giant announced the end to its autonomous EV pursuits internally Tuesday, Bloomberg News reported , citing people with knowledge of the matter. Many employees on the nearly 2,000-person team will be tasked to work on Apple's AI unit instead, Bloomberg said. At Apple's virtual shareholder meeting…

How Ford can challenge powerful a Chinese EV maker’s potential entrance in the U.S.

Forget Tesla , the real competition in electric vehicles is low-cost Chinese automakers. That's what Ford CEO Jim Farley recently told Wall Street. He said he has a plan as one such EV maker looks to break into America. BYD — short for Build Your Dreams — could pose a threat to Ford and other U.S. automakers if speculation is correct and the Chinese automaker does build an electric vehicle factory in Mexico. According to a Nikkei report from mid-February, the plant could be used as an export hub to penetrate the U.S.…

Ford, Disney, Costco and more — Jim Cramer provides his updated views on each

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We're no longer recording the audio, so we can get this new written feature to members as quickly as possible.) As we gear up for the CNBC Investing Club's annual meeting on Saturday, I asked Jim Cramer for some quick thoughts on some of the day's portfolio movers. " Ford seems really interesting as the electric vehicle market slows down," Jim said.…

What Jim Cramer is watching to see where the stock market goes next

We don't know what we want. This week, we will find out what it is that will propel us forward or turn us back after the S & P 500 on Friday closed at a new record high for the first time in more than two years. For example, we have three rails that report this week: Union Pacific , CSX and Norfolk Southern . Among them, you have pretty much every non-service portion of the U.S. economy spoken for: housing, industrial production, minerals, road building, heating, and food. What kinds of numbers do we want from these…

Ford move to cut F-150 Lightning production will help optimize profitability

Ford 's plans to reduce production of its all-electric pickup and increase production on popular legacy vehicles will allow the automaker to secure better profits and narrow EV losses. Ford announced Friday it's reducing production of its F-150 Lightning all-electric pickup truck, starting April 1, due to slowing demand for EVs. The automaker said the Lightning cuts are being made to achieve the "optimal balance of production, sales growth and profitability." As part of the move, about 1,400 employees will be impacted as…

Ford could do 2 things to shine in a challenging 2024 for auto industry

Wall Street sees opportunities for legacy automakers like Ford to stand out in 2024 despite the challenges the industry faces as demand for electric vehicles softens. Ford could make for a successful year by doing two things: continuing its strategic shift toward more profitable hybrids instead of heavy investments in less lucrative EVs and improving quality issues. 1. Shift to hybrids Ford is not willing to go broke on EVs. CEO Jim Farley is moving away from cars that don't make money, like electric vehicles while…

Weekend Tech Roundup January 06, 2024

Google Just Disabled Cookies for 30 Million Chrome Users. Here’s How to Tell If You’re One of Them.But me love cookies!Photo: VIAVAL TOURS / Shutterstock.com (Shutterstock)Mr. Tweet Fumbles Super Bowl TweetToday marks the first of many upcoming moments of silence in Google’s years-long plan to kill cookies. As of this morning, the Chrome web browser disabled cookies for 1% of its users, about 30 million people. By the end of the year, cookies will be gone in Chrome forever—sort of.- Thomas Germain Read MoreMeet ‘Link

Wait, Is Bitcoin Going to Die?

The price of Bitcoin crashed nearly 10% on Wednesday, falling from $45,000 to below $41,000 in mere hours, hurting crypto’s best bull run in a year. But what, or who, could have been the culprit behind the crash? The day before, CNBC’s host of Mad Money, Jim Cramer, directed his powerful investing advice towards Bitcoin. He Tossed His Bitcoin, Now He Wants It Back“You can’t kill it,” said Cramer on CNBC Tuesday, referring to the remarkable rally Bitcoin had last year. “It’s here to stay,” he said, just a day before the…

Why Ford should double down on hybrids as it backs off EVs

Ford Motor 's decision to cut production of its electric pick-up allows the automaker to refocus its strategy around its highly profitable hybrid vehicles, which in turn should boost its underperforming stock. Ford said Monday it's cutting in half planned production of its all-electric F-150 Lightning pick-up truck next year due to moderating consumer demand. The new production plans call for an average volume of around 1,600 F-150 Lightnings a week, compared with previous plans to produce roughly 3,200 a week, at the…

Jim Cramer gets answers from the CEOs of Amazon and Ford

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments. 1. U.S. stocks climbed higher Thursday morning following three-straight days of declines, with the Magnificent Seven outperforming. The S & P 500 was up 0.7%, while the Nasdaq Composite gained more than 1%. "This move is for real," Jim Cramer said Thursday. Bond yields were mainly steady — the 10-year Treasury is hovering around 4.1% — as investors look ahead to the…