Waymo robotaxis will now take passengers on freeways in three major U.S. cities, marking a major milestone for the driverless, ride-hailing company.Alphabet-owned Waymo on Wednesday said it will begin offering those types of trips in the San Francisco, Phoenix and Los Angeles markets “when a freeway route is meaningfully faster.” The Google sister company will gradually extend freeway trips to more riders and locations over time.Although Waymo’s driverless cars have previously taken passengers on smaller highways and side streets, Wednesday’s expansion marks the first time the company will take payment from public riders to go on freeways with higher speed…
Author: usaeverydaylife
FedEx is amid a major transformation that is finally flowing through to its financial results. The company’s cost-savings programs are delivering tangible improvements in efficiency and profitability. In the most recent quarter, FedEx posted +3% YoY revenue and +7% adjusted operating income, highlighting the early payoff from network consolidation and automation. FDX is benefiting from unified pickup and delivery operations, route densification, and overhead reduction. Trading at a 25% discount to peers while reaffirming its FY26 guidance for $1B in transformation savings and $4.5B in modernization capex, FedEx presents a compelling valuation entry point as it executes a multiyear margin expansion story. Trade timing & outlook FDX…
Toyota display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBCToyota Motor on Wednesday said it has started production at a new $13.9 billion battery plant in North Carolina and confirmed plans to invest up to $10 billion more than previously expected over the next five years in the United States.The Japanese automaker did not release details about the increased investment other than Toyota Motor North America CEO Tetsuo Ogawa calling it a “pivotal moment” in the company’s history along with the new battery plant, according to a release.The facility is Toyota’s…
Notorious sex offender Jeffrey Epstein wrote in an email to author Michael Wolff that his former longtime friend, President Donald Trump, “knew about the girls,” according to a copy of that April 2019 message purportedly between the two men released by House Democrats on Wednesday.It is unclear what the phrase “knew about the girls” meant.In another newly released email that Epstein wrote to his now-convicted accomplice Ghislaine Maxwell in April 2011, Epstein wrote, “I want you to realize that the dog that hasn’t barked is trump.”Epstein added in that same email that a person whom the Democrats identified as a…
Anthropic announced plans Wednesday to spend $50 billion on U.S. artificial intelligence infrastructure buildout, starting with custom data centers in Texas and New York.The facilities, which will be designed to support the company’s rapid enterprise growth and its long-term research agenda, will be developed in partnership with Fluidstack.Fluidstack is an AI cloud platform that supplies large-scale graphics processing unit (GPU) clusters to clients like Meta, Midjourney, and Mistral.Additional sites are expected to follow, with the first locations going live in 2026. The project is expected to create 800 permanent jobs and more than 2,000 construction roles.The investment positions Anthropic as…
The chief executive of British power firm SSE says a rapid build-out of renewable projects can help the U.K. to secure its energy security and bring costs down for consumers.Lindsey Parnaby | Afp | Getty ImagesBritish utility SSE unveiled a 33 billion pound five-year investment plan on Wednesday, including a 2 billion pound ($2.68 billion) equity fundraising, as it seeks to upgrade the UK’s regulated electricity networks and bolster its renewables business.SSE’s shares rose more than 11% to a record high. Analysts were positive about the plan which provided clarity on the company’s growth outlook.The company’s investment plan highlights Britain’s…
Barclays believes that Carvana has significant opportunity to improve its market share in the used car space. The bank initiated coverage of the online car seller with an overweight rating. Analyst John Babcock’s $390 price target implies that shares of Carvana could rise 19% from Tuesday’s close. Babcock believes that Carvana could specifically benefit as affordability challenges push more consumers to buy used vehicles instead of new ones. He applauded the company’s national vehicle acquisition strategy, which gives it a large and diverse selection of vehicles for consumers to choose from. CVNA YTD mountain CVNA YTD chart Meanwhile, the company’s…
speaking at Jackson Hole on August 23, 2024.David A. Grogan | CNBCAtlanta Federal Reserve President Raphael Bostic said Wednesday he will be leaving his position when his term expires in February.Bostic has been in his current position since June 2017 and is the first Black and openly gay regional president. His term runs until Feb. 28.”I’m proud of what we accomplished during my tenure to turn the lofty goal of an economy that works for everyone into more of a reality, and I look forward to discovering new ways to advance that bold vision in my next chapter,” Bostic said…
The U.S. House of Representatives will vote early Wednesday evening to end the longest government shutdown in history, Rep. Steve Scalise (R-La.) said.”We’ll start the process probably around four, five o’clock. The actual vote on the bill to fund the government will probably come later, around seven o’clock,” the House majority leader told CNBC. “There’ll be, I’m sure, a good, thorough debate, but it’s so important that this gets done.”If the spending bill gets through as planned, it will end an impasse that has lasted more than six weeks, resulting in furloughs for government workers, the closing of all federal…
Howard Marks, co-founder of Oaktree Capital Group, at the Qatar Economic Forum (QEF) in Doha, Qatar, on Wednesday, May 21, 2025.Bloomberg | Bloomberg | Getty ImagesVeteran investor Howard Marks has warned that cracks unearthed in the credit market demonstrate investor “complacency” and “carelessness” — but stopped short of calling the turmoil a broader systemic problem.In his latest memo to clients, the co-founder and co-chairman of Oaktree Capital Management discussed the high-profile bankruptcies of U.S. car parts supplier First Brands and subprime auto lender Tricolor. Marks also highlighted problems at Zions Bancorp, Western Alliance, Broadband Telecom and Bridgevoice, and the role…
