A Pony.ai autonomous car.Pony.aiBEIJING — One of Pony.ai’s robotaxis caught fire for the first time on Tuesday, with no people harmed in the incident, the U.S.-listed Chinese startup told CNBC.The company did not disclose the reason behind the fire. Videos purporting to show the incident in Beijing had circulated on social media. CNBC could not independently verify this footage.Electric cars such as those from Tesla, which is trying to develop its own robotaxi, have previously caught blaze.Pony.ai said that one of its fully self-driving vehicles was detected as having an abnormal status in Beijing around 9:30 a.m. local time on…
Author: usaeverydaylife
Bank of America sees more room for Nvidia and Advanced Micro Devices shares to run after the technology companies inked deals with a subsidiary of the Saudi Arabia Public Investment Fund. Analyst Vivek Arya lifted his Nvidia price target by $10 to $160, which now implies 23.1% upside over Tuesday’s close. Arya also added $10 to his price target for AMD, with the refreshed $130 estimate suggesting shares can jump 15.6%. The analyst cited the companies each announcing multiyear projects tied to artificial intelligence infrastructure with a Saudi subsidiary called Humain. Bank of America predicts these projects to cost between…
Centrus Energy is a “must-own” stock for any investor who wants to profit from the planned expansion of U.S. nuclear power to meet electricity demand from artificial intelligence data centers, according to Evercore ISI. Evercore initiated coverage of Centrus on Tuesday with the equivalent of a buy rating, giving it a 12-month price target of $145, implying upside of more than 50% from its Tuesday close at $92.57 per share. Centrus occupies a critical niche in the nuclear supply chain, Evercore analyst Nicholas Amicucci told clients in a note. Once the U.S. Enrichment Corp., an arm of the Energy Department…
Airbnb CEO Brian Chesky joins ‘Squawk Box’ to discuss the launch of its redesigned app, the debut of services and experiences within the app, the company’s remote work policy, state of the consumer, New York City’s crackdown on the company, and more. Source link
Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019.Steve Marcus | ReutersAMD said on Wednesday that its board of directors approved $6 billion in share buybacks. The stock climbed 6%.The authorization is in addition to $4 billion in existing approved share repurchases, the company said.”Our expanded share repurchase program reflects the Board’s confidence in AMD’s strategic direction, growth prospects, and ability to consistently generate strong free cash flow,” AMD CEO Lisa Su said in a statement. AMD, the most important…
Salaries would go up. Bread and gasoline would be cheaper. The electricity would come on for more than a few hours per day. The reconstruction of destroyed towns and cities would begin.President Trump’s announcement in a speech in Saudi Arabia on Tuesday that he would lift U.S. sanctions on Syria unleashed hope across the country that life would improve after more than a decade of war and deprivation.“It will put us at ease,” said Sami al-Hajj, a pharmacist. “Before, we were scared for the future, for us and our children. But this will open up opportunities.”Analysts and many others in…
Check out the companies making headlines before the bell. American Eagle Outfitters — The retailer tumbled 11% in early trading. American Eagle on Tuesday withdrew its 2025 guidance “due to macro uncertainty.” The company, faced with slow sales and steep discounting, also took $75 million in write-offs related to spring and summer merchandise. Super Micro Computer — Shares of the embattled server maker soared roughly 15%, extending a 16% rally Tuesday. Raymond James earlier this week initiated coverage of the stock with an outperform rating after last week’s fiscal third-quarter results. UnitedHealth — Shares of the healthcare giant rose about…
Jefferies expects apparel maker PVH’s beat-down stock to stage a recovery. Analyst Ashley Helgans upgraded the Tommy Hilfiger and Calvin Klein parent to buy from hold and lifted her price target by $35 to $105. Helgans’ updated forecast suggests shares can surge 30.4% from Tuesday’s close. “PVH has made meaningful progress in transitioning to a more focused, efficient, and strategic company,” Helgans wrote in a Tuesday note to clients. “With a compelling roadmap and high-caliber management in place, it should see improved [long-term] results.” PVH can see sales increasing by low single-digit percentages after declining by mid single-digit percentages last…
In a photo illustration, prescription drugs are seen next to a pill bottle on July 23, 2024 in New York City.Spencer Platt | Getty Images News | Getty ImagesPresident Donald Trump’s latest bid to slash prescription drug prices has once again stirred heated debate about the high costs paid by U.S. patients.The White House leader on Monday signed an executive order to lower drug costs by tying the prices of some medicines in the U.S. to the significantly lower ones abroad.Trump said the move, which revives and expands a controversial policy from his first term known as the “most favored nation”…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailAirbnb CEO Brian Chesky joins ‘Squawk Box’ to discuss the launch of its redesigned app, the debut of services and experiences within the app, the company’s remote work policy, state of the consumer, New York City’s crackdown on the company, what led to Airbnb’s overhaul, impact of AI, and more. Source link
