Exxon Mobil (NYSE:XOM) called Thrusday for European leaders to repeal a new climate law that would fine corporations, with CEO Darren Woods saying the directive's penalties of as much as 5% of a company's global revenue would be "bone-crushing." The ...

The nation’s largest less-than-truckload carrier, FedEx Freight, is on track to become a standalone public company by June of next year. Parent company FedEx said Thursday it plans to spend $600 million enhancing IT infrastructure and systems ahead of the spinoff. Join the leaders shaping freight’s future atF3: Future of Freight Festival, Oct 21-22.Network with the industry’s best and discover what’s next. Register now! Shares of FedEx Freight will be listed on the New York Stock Exchange under the ticke ...

EV Realty announced Thursday it has secured $75 million in growth equity from private equity investor NGP to scale its portfolio of commercial fleet charging hubs. The company also broke ground on its first large-scale project in San Bernardino, Calif., featuring 76 DC fast-charging stalls with 9.9 MW of grid capacity that can serve more than 200 Class 8 trucks daily. “What we’ve focused on from the start is trying to address the barrier that we think really inhibits this adoption for the fleets that want ...

PresentationKurt YingerD.A. Davidson & Co., Research Division Well, great. Thanks, and good afternoon, everyone. I appreciate those joining here in person in Nashville, and those on the line as well. I'm Kurt Yinger, Building Products and Distribution Analyst here at D.A. Davidson. I'd like to welcome from Simpson Manufacturing; President and CEO, Mike Olosky; as well as CFO and Treasurer, Matt Dunn. So Mike is going to lead us off with a quick overview, and then we'll jump into some questions. ...

Lennar (LEN) came out with quarterly earnings of $2 per share, missing the Zacks Consensus Estimate of $2.12 per share. This compares to earnings of $3.9 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.66%. A quarter ago, it was expected that this homebuilder would post earnings of $1.94 per share when it actually produced earnings of $1.9, delivering a surprise of -2.06%.Over the last four quarters, the company has surpass ...

How many speculative stocks can you own this year. We've seen fortunes made in speculative stocks. And by speculative, I mean companies that don't turn a profit or maybe they have some earnings, but you're paying a ridiculous mold for them.I've wrestled mightily with this particular question from my chapel trust. I spoke a bit about it in today's investing club meeting. The answer might surprise you.I am actually all in favor of speculation, but it's got to be done wisely. In fact, if you're younger, I actu ...

[Music] Hey, I'm Kramer. Welcome to Mad Money. Welcome to Cray America.Other people make friends. I'm just trying to make a little money. My job is not just to entertain, but to educate, to do some teaching.So, call me at 1800743 CNBC. Tweet me at Jim Kramer. Well, there's the quarter point rate cut and then there's Nvidia. There's JPAL and then there's Jensen W. There's endless hand ringing about inflation and job growth.And then there's a company with an outrageously high 73% gross margin and hundreds of ...

The mood of British consumers dampened a little this month, with expectations of a slowing economy and the potential for tax increases later this year threatening an even greater downturn. ...

Goldman Sachs maintains a "hold" action on Tesla (NASDAQ:TSLA), with a price target increase from $300 to $395, reflecting confidence in Tesla's long-term growth potential.CEO Elon Musk's recent $1 billion stock purchase underscores his belief in Tesla's future, potentially mitigating downside risk.Tesla's ventures into full self-driving technology, robotaxis, and the Optimus robotics segment are poised to drive transformative growth, with a base-case estimate projecting Tesla's stock price to reach $530 by ...

Blackstone Inc., the world’s largest alternative asset manager, is looking to acquire the Indian operations of multinational renewable energy developer Zelestra, two people aware of the development said. Zelestra, backed by European alternative asset manager EQT, has hired investment banker JP Morgan for the transaction codenamed Project Orange, the people said on the condition of anonymity. A deal is likely at equity and enterprise values of $184 million and $421 million respectively. Zelestra India has a ...