Wind and solar are now beating coal in the US

  • April 27, 2023
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Wind and solar combined now provide more generating capacity and produce more electricity than coal in the US, according to new data from the EIA and the Federal Energy Regulatory Commission (FERC), which was reviewed by the nonprofit SUN DAY Campaign. What the EIA reported In the first two months of 2023, electrical generation by […]

Motiv Power Systems announces next generation of 200-mile-range all-electric, medium-duty trucks

  • April 27, 2023
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Veteran commercial EV manufacturer Motiv Power Systems has publicly unveiled its latest generation of all-electric trucks designed specifically for medium-duty fleets. Complete with a simplified design that promises more torque and enhanced range thanks to new battery chemistry, Motiv’s latest electric trucks look to expedite the commercial fleet segment’s transition to zero emissions. Motiv Power […]

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Amazon pulls the plug on Halo health tracking devices

  • April 27, 2023
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Amazon announced it would close its Halo division. It is notifying employees in the U.S. and Canada of layoffs and telling Halo users that the device and app will no longer function as of August 1.  Amazon Halo is a wrist-worn health tracker with an accompanying app that uses health metrics designed to give users a […]

Toyota and Joby Aviation extend partnership to reach mass production of passenger eVTOLs

  • April 27, 2023
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eVTOL developer Joby Aviation announced it has signed a long-term supply agreement with Toyota Motor Corporation to support a mutual goal of reaching mass production of electric passenger aircraft in the US. The agreement extends upon an existing partnership between the two companies. Joby Aviation, Inc. ($JOBY) is a California-based company developing electric, vertical takeoff […]

Hertz (HTZ) EV fleet reaches 50,000 in Q1, 10% of its overall vehicles

  • April 27, 2023
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Car rental giant Hertz (HTZ) ended the first quarter with 50,000 EVs in its fleet, accounting for 10% of its total vehicles. In Q1, Hertz credited its electrification strategy for the company’s growth and positive outlook for the remainder of the year. In the first three months of 2023, Hertz generated $2 billion in revenue, […]

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Teladoc posts narrower loss with boost from BetterHelp division

  • April 27, 2023
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Teladoc Health stock rose Wednesday night after the virtual care company posted a revenue boost and a narrower loss in the first quarter this year. Teladoc reported revenue of $629.2 million, an 11% increase from $565.4 million in the first quarter of 2022. Net loss was $69.2 million, or $0.42 per share, compared with $6.7 […]

Club meeting recap: Stocks rise on tech earnings, Meta, Pioneer

  • April 27, 2023
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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. Equities rise on tech earnings Meta’s first-quarter win Watch Pioneer 1. Equities rise on tech earnings Stocks rose Thursday morning on the heels of strong earnings reports for a slate […]