moneylosing

Photo by Araya Doheny/WireImage Trying for a third time to launch something that’s failed twice over and racked up combined losses in excess of over $100 million sounds doomed to fail from the start, but it’s not as if Dwayne Johnson has developed a reputation for being somebody who hears the word “no” all that often. With that in mind, surely he wouldn’t have been surprised that the latest iteration of the XFL reportedly wound up $60 million in the red by the end of its first season, even if it does deserve…

A price war in electric vehicles started by market leader Tesla Inc has made it much more difficult for money-losing US startups like Rivian Automotive Inc and Lucid Group Inc to grab share in an industry competing for shrinking consumer wallets.Tesla's move last week to slash prices globally on its EVs by as much as 20% could draw new buyers to electric cars in the industry, but also will force other automakers to respond with lower prices or risk getting left behind, analysts and investors said.Some startups may not be…

CNBC's Jim Cramer said Monday that investors whose portfolios include money-losing companies should steel themselves for more downside in light of Federal Reserve Chair Jerome Powell's speech in Jackson Hole last week."Until Friday, I wasn't sure if Powell had the guts to pressure the economy with relentless rate hikes. But simply by signaling that he won't stop, as he did Friday, Powell may have a chilling effect on every bank that fears making bad loans, especially to businesses that can't tap the public markets —…

Uber posted a $5.9 billion loss in the first quarter of 2022.Philip Pacheco | AFP via Getty ImagesIn this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later.The creation of Uber in the wake of the 2008 financial crisis can be compared to an earlier disruptive innovation: the supermarket.In 1930, in the early months of the Great Depression, Michael J. Cullen leased a vacant garage in Queens, New York, and built King Kullen, what is widely considered the first-ever…

James Farley, president and chief executive officer of Ford Motor Co., speaks during a launch event for the 2022 Ford F-150 Lightning all-electric truck at the Rouge Electric Vehicle Center in Dearborn, Michigan, U.S., on Tuesday, April 26, 2022.Emily Elconin | Bloomberg | Getty Images James Farley, president and chief executive officer of Ford Motor Co., speaks during a launch event for the 2022 Ford F-150 Lightning all-electric truck at the Rouge Electric Vehicle Center in Dearborn, Michigan, U.S., on Tuesday, April…