Vestas launches ‘world’s tallest onshore tower for wind turbines’

A Vestas wind turbine photographed in Denmark. The company said Tuesday it would launch an onshore wind turbine tower with a hub height of 199 meters. Jonas Walzberg | Picture Alliance | Getty Images Danish firm Vestas said Tuesday it was launching an onshore wind turbine tower with a hub height measuring 199 meters (just … Read more

Wolfspeed is not a buy

Enovix Corp: “I have to say [sell] because It costs too much money.” Wolfspeed Inc: “I’m going to tell you not to buy. This stock doesn’t make money.” Stem Inc: “A company that does not make a lot of money with a high stock in an era when the Fed wants to crunch inflation is … Read more

McDonald’s rejects franchise owners’ request to delay big changes, letter says

A customer places an order September 24, 2022 at a McDonald’s Restaurant along the New York State Thruway in Hannacroix, New York. Robert Nickelsberg | Getty Images News | Getty Images A group representing McDonald’s owners said the company rejected its request to delay changes to franchising policies, including updated standards and adjustments to how … Read more

Ford CEO Farley sees risk of recession amid inflation and supply disruptions

The economy faces a heightened risk of a recession, Ford (F) CEO Jim Farley told CNBC on Tuesday, a week after the automaker warned investors of $1 billion in unexpected supplier costs and parts shortages in the third quarter. “The risk has gone up for a moderate recession certainly from all the indicators we’ve seen,” … Read more

Hurricane Ian making landfall near Sanibel, Captiva Islands, Florida

Hurricane Ian approaches west coast of Florida on Sept. 28th, 2022. NOAA Hurricane Ian is making landfall over the west coast of Florida, according to Gov. Ron DeSantis on Wednesday afternoon. The storm greatly intensified as it neared land, reaching winds of 155 mph and nearing the most dangerous Category 5 classification Wednesday morning. Hurricane … Read more

Cooling demand means raising prices becomes a test of how well companies know their customers

It’s time to sort the strong management teams from the weaker ones. As the country reopened after pandemic closures, price hikes were essentially a sure bet. There was plenty of pent-up demand and products were sometimes scarce due to supply chain issues. Companies also hiked prices as a necessity to preserve margins in the wake … Read more

Lionsgate leans toward spinning off studio business instead of Starz

Michael Burns Michael Newberg | CNBC Lionsgate is leaning toward spinning off its studio division rather than its Starz cable and streaming unit, according to people familiar with the matter. This would be a change in strategy for the media and entertainment company, which said in May it expected to finalize a spin or sale … Read more

Netflix is losing the streaming war amid Disney+’s rapid growth

Over the past 25 years, Netflix has changed the film and television landscape. The company has amassed nearly 221 million subscribers across 190 countries, billions of hours watched for popular series like “Stranger Things,” and along the way has racked up 226 awards. Since going public in 2002, the company and its subscription-based business model … Read more

Economy flights from Moscow to Dubai hitting $5,000 as Russians flee

The airline industry has been hamstrung by a perfect storm of challenges over recent weeks, from labor shortages and supply disruptions to rising fuel prices. Sopa Images | Lightrocket | Getty Images DUBAI, United Arab Emirates — One-way economy flights from Moscow to Dubai are going for as much as $5,000 and many have completely … Read more

GE to convert gas-fired power station into battery storage facility

Pylons photographed in the U.K. The project involving Centrica and GE will store energy from onshore wind farms in Lincolnshire. Gareth Fuller | PA Images | Getty Images A decommissioned gas-fired power station in Britain is set to be repurposed and converted into a battery storage facility, with those involved in the project saying it … Read more