Waymo self-driving cars with roof-mounted sensor arrays traveling near palm trees and modern buildings along the Embarcadero, San Francisco, California, February 21, 2025. Smith Collection/gado | Archive Photos | Getty ImagesWaymo is getting one step closer to rides in New York City.The Alphabet autonomous vehicle subsidiary received its first permit from the New York Department of Transportation on Friday to start testing in New York City, Mayor Eric Adams announced Friday. The rollout is the city’s first autonomous vehicle testing launch.Waymo will start testing eight vehicles in Manhattan and Downtown Brooklyn through late September with the potential to extend the program.…
Author: usaeverydaylife
LONDON — Tariffs, economic uncertainty and political challenges have created a difficult-to-navigate U.K. market this year, sparking some turbulence for the country’s currency. The pound has gained around 7.2% against the U.S. dollar in the year to date, while losing 4.3% against the euro, with some significant bumps along the way. GBP= YTD line GBP/USD ‘Bizarre behavior’ Part of the picture is dollar weakness arising from a broad rotation out of U.S. assets , which has benefited both sterling and the euro. But the economic and geopolitical backdrop entangling the U.K. in recent months have clouded the picture for the…
Check out the companies making headlines before the bell. Nvidia – The artificial intelligence chip darling fell more than 1% after it reportedly asked some of its component suppliers to halt production of its H20 graphics processing units. The company is also reportedly having conversations with the U.S. government about shipping a more advanced chip to China. Intuit – The stock pulled back more than 6%. While the financial technology company’s fourth-quarter results surpassed expectations – its adjusted earnings of $2.75 per share on revenue of $3.83 billion beat the $2.66 per share on revenue of $3.75 billion that analysts…
Attendees view a John Deere 7R 270 row crop tractor at the Deere & Co. booth during the World Ag Expo at the International Agri-Center in Tulare, California on February 11, 2025. Patrick T. Fallon | AFP | Getty ImagesJohn Deere is facing a crossroads as the company continues to see weaker demand in the agricultural sector even while it has committed to investing millions in U.S. manufacturing and promised a brighter road ahead.The agricultural machinery company warned on its fiscal third-quarter earnings call last week that it is seeing much softer demand, posting significant year-over-year decreases in net income…
US President Donald Trump speaks during a multilateral meeting with European leaders in the East Room of the White House in Washington, DC, US, on Monday, Aug. 18, 2025.Aaron Schwartz/CNP/Bloomberg via Getty ImagesThe U.S. and European Union granted businesses some desperately sought after clarity as they shared fresh details on their trade agreement on Thursday, but questions remain about whether the deal can really be trusted.Thursday’s update broadly echoed the framework announced by the U.S. and EU in July, which called for 15% tariffs as well as pledges for Brussels to amp up spending and investment in the U.S. New…
When Texas Instruments announced a $60 billion manufacturing megaproject in July, it was a bold bet that companies would want to mass produce foundational microchips on U.S. soil. In August, Apple vowed to do just that.During the same Oval Office press conference where President Donald Trump announced a 100% tariff on chips from companies not manufacturing in the U.S., Apple CEO Tim Cook upped his companies’ U.S. spending commitment to $600 billion over the next four years, up from an original $500 billion announcement in February.Part of that spending, Cook said, will go toward making “critical foundation semiconductors” for iPhones…
Ellevated view over London’s River Thames and city financial district skyline.Gary Yeowell | Digitalvision | Getty ImagesStark warnings have surfaced since the U.K.’s tax crackdown on the wealthy that an exodus of the mega-rich is underway. Hard data has yet to back up the trend.At the heart of the potential flight are changes to the British tax system, from capital gains and inheritance tax to extra stamp duty rates. In particular, the abolition of the so-called non-dom regime, which allowed wealthy foreigners to avoid paying tax on earnings outside the U.K. and to elude inheritance duties on their global assets, courted much controversy.The fear…
JPMorgan is bullish on EHang , China’s leading original equipment manufacturer for electric vertical take-off and landing aircraft. The bank initiated shares of the eVTOL manufacturer as overweight rating and price target of $26 per share, which corresponds to a nearly 50% upside from Thursday’s close. Analyst Beatrice Lam pointed to EHang’s status as the first to hold certificates in China as a driver. This first-mover advantage has poised it for global market share leadership, she added, especially as Ehang’s total addressable market grows in the coming years. The bank believes that the global passenger eVTOL market could swell to…
Citi raised its price target on Snowflake ahead of the cloud-based data storage company’s latest earnings report. Snowflake is due to report its earnings after the closing bell on Aug. 27. Heading into this release, Citi analyst Tyler Radke reiterated his buy rating on the stock. Shares of Snowflake have surged 26% this year. Radke’s revised price forecast implies another potential upside of 28% ahead. SNOW YTD mountain SNOW YTD chart As a catalyst, Radke pointed to Cortex, Snowflake’s suite of AI features. Enthusiasm present at Snowflake’s recent SNOW summit has also highlighted strong uptake, increasing AI momentum and “continued…
Former National Security Adviser John Bolton speaks to reporters after speaking in a panel hosted by the National Council of Resistance of Iran – U.S. Representative Office (NCRI-US) at the Willard InterContinental Hotel on August 17, 2022 in Washington, DC.Anna Moneymaker | Getty ImagesFBI agents on Thursday morning raided the Maryland home of John Bolton, the former national security advisor to President Donald Trump, NBC News confirmed.The raid is part of a “national security investigation in search of classified records,” a person familiar with the matter told NBC News.This is breaking news. Please refresh for updates. Source link
