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CEO says diesel has a great future

Patrick Pleul | AFP | Getty Images A measuring hose for emissions inspections in diesel engines in the exhaust tube of a Volkswagen Golf 2.0 TDI diesel car. The chief executive of German automaker Volkswagen says the current discussion regarding diesel cars is unjustified and that the diesel engine has …

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not all Apple products are “for the rich”

David Paul Morris | Bloomberg | Getty Images Apple CEO Tim Cook speaks during the Worldwide Developers Conference in California, U.S., on June 5, 2017. Apple may be releasing a potentially $1,000 iPhone Tuesday, but CEO Tim Cook maintains not all of the company’s products are for the rich. “If …

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Jefferies says cryptocurrency mining market is strong for Nvidia and AMD

David Paul Morris | Bloomberg | Getty Images Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., holds the Nvidia Xavier high-end computing module as he speaks during a keynote presentation at the 2017 Consumer Electronics Show in Las Vegas, Jan. 4, 2017. Nvidia and AMD are the best-performing …

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Out of the 5 most expensive stocks in the S&P 500, one could be a buy

“I like Amazon,” she said Monday on CNBC’s “Trading Nation.” “Even though now it’s 200 times [expected earnings over the next 12 months] instead of 140 times a couple months ago, we still like it.” Gibbs explained that the valuation has climbed markedly after Amazon’s disappointing July earnings, which led …

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Electric cars only half as profitable at first: Daimler

Fabrice Coffrini | AFP | Getty Images CEO of German carmaker Daimler and Mercedes-Benz, Dieter Zetsche. The company’s Mercedes-Benz brand is preparing to launch the “EQ” electric car, which shares the underpinnings of the Mercedes-Benz GLC, a model that sells at a rate of around 1,000 cars a day. If …

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What should investors do with smartphone maker’s stock?

Josh Edelson | AFP | Getty Images Apple CEO Tim Cook speaks during a product launch event at Apple headquarters in Cupertino, California on October 27, 2016. Apple is expected to launch not one or two, but three new iPhones at its highly anticipated launch event on Sept. 12 to …

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Hurricane Irma near Fort Myers, continuing vicious ride up Florida coast

Getty Images A boat is washed on shore at the Watson Island marina as Hurricane Irma passed through the area on September 10, 2017 in Miami, Florida. Hurricane Irma continued to hammer Florida’s coastline on Sunday, after slamming the Keys in the morning and pummeling Miami, Naples and other areas …

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Facebook will spend as much as $1 billion on original TV in the next year

David Paul Morris | Bloomberg | Getty Images Mark Zuckerberg, Facebook The Wall Street Journal reports that Facebook is going into the next year “willing to spend as much as $1 billion” on original video content, building out the roster of exclusive TV on its revamped video tab Watch. In …

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Four business leaders who shocked their friends

Bloomberg | Getty Images Pan Shiyi, chairman of SOHO China, and wife Zhang Xin, the company’s CEO at a news conference in Hong Kong in August 2016 “We fell in love, and four days later he said: ‘I think you should be my wife.’ And I was, like: ‘Oh, this …

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Company is returning to powered flights

Getty Images George Whitesides, CEO of Virgin Galactic, stands inside Virgin Galactic’s new LauncherOne facility March 6, 2015 in Long Beach, California. Virgin Galactic chief executive George Whitesides said his company will soon return to powered flights for the first time in three years. “We’re ready to go into powered …

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