A Waymo autonomous self-driving Jaguar electric vehicle is seen in Tempe, Arizona, on the outskirts of Phoenix, on September 15, 2025.Charly Triballeau | AFP | Getty ImagesWaymo has partnered with Uber to get its robotaxis into Atlanta and Austin, Texas. Now it’s teaming up with Lyft for the first time in a commercial deal to enter Nashville next year.Lyft stock climbed 10% on the news.Riders in Nashville will be able to hail a Waymo robotaxi through the Waymo One app, and Lyft will add Waymo robotaxis to its platform over time, the companies said in a joint statement on Wednesday.Lyft…
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Bank of America sees Walmart as an emerging leader in artificial intelligence within the retail sector. Analyst Robert Ohmes stuck by his buy rating on shares of Walmart and raised his price objective to $125 per share from $120. That signals approximately 21% upside from Tuesday’s close. Ohmes said Walmart is positioning to be a “leader in ‘agentic’ AI commerce.” Agentic AI uses artificial intelligence agents to autonomously make decisions aimed at accomplishing a specific goal or solve a problem. “WMT’s AI agent Sparky is testing well and will soon start taking ‘agentic’ action vs. just answering Qs (est. in…
The Federal Reserve could ignite something big in stocks when it inevitably lowers its benchmark lending rate later in the day, but not something that could be great long term for the market and economy. Longtime market watcher Ed Yardeni likened the Fed’s all-but-certain rate reduction to “throwing gasoline on a fire” in a note to clients Tuesday, the same day the S & P 500 touched a fresh all-time high. And while the labor market has shown signs of slowing, overall U.S. economic growth remains solid. “[Wednesday’s] rate cut isn’t really needed,” Yardeni said. “More often than not in…
U.S. House Speaker Mike Johnson (R-LA) speaks with reporters outside his office in the U.S. Capitol in Washington, D.C., U.S., Sept. 11, 2025.Jonathan Ernst | ReutersRepublican House Speaker Mike Johnson called China an “adversary” of the U.S. on Wednesday after a report that the country has told tech companies to stop buying Nvidia’s artificial intelligence chips.The Cyberspace Administration of China ordered companies to halt purchases of Nvidia’s RTX Pro 6000D, a chip that was made for the country, the FT reported, citing people familiar with the matter.”We can only be in service of a market if a country wants us…
Nvidia CEO Jensen Huang holds a Blackwell GeForce RTX 50 Series GPU (L) and a RTX 5000 laptop as he delivers a keynote address at the Consumer Electronics Show (CES) in Las Vegas, Nevada on January 6, 2025. Patrick T. Fallon | Afp | Getty ImagesLONDON — Nvidia CEO Jensen Huang has weighed in on the chipmaker’s struggles in China after a report claimed the country has banned its AI semiconductors.He said he was “disappointed” after the Financial Times on Wednesday reported that the Cyberspace Administration of China (CAC) had ordered companies — including TikTok parent company ByteDance and Alibaba — not…
Check out the companies making headlines before the bell. Nvidia – The artificial intelligence chip darling dropped more than 1% after a report by The Financial Times , which cited three people with knowledge of the matter, said that China’s internet regulator has banned the biggest tech companies in the country from buying Nvidia’s AI chips. Shares of chipmaker Advanced Micro Devices also fell more than 1% in sympathy following the report. Alibaba – U.S.-listed shares of the Chinese e-commerce giant gained 2.3% after Chinese state media reported that the company won a major customer, China Unicom, for its artificial…
McDonald’s could present itself as a better buy versus other fast food peers, according to Citi. The bank raised its price target on the fast food giant to $381 per share from $373, implying a new upside of 26%. Analyst Jon Tower also maintained his buy rating for the stock. His new target is the highest on Wall Street among analysts covering the stock. Tower pointed to tailwinds for McDonald’s in the short term and over the long run. “We see the [near-term] trade as straightforward — own for an aggressive value push (including outsized marketing spend), easy compares, and…
Here are Wednesday’s biggest calls on Wall Street: Loop upgrades Netflix to buy from hold Loop said it sees “strong near-term engagement” for the Netflix. “We are upgrading our rating back to Buy based on exceptional 3Q engagement, a strong 4Q content slate, higher long-term margin assumptions as each dollar of content is generating more revenue, which leads to higher earnings and free cash flow.” Read more. BMO downgrades Progressive to market perform from outperform The firm it’s concerned about a declining revenue trend for the insurance company. “While shares are indeed inexpensive to the tune of -21% vs. the…
U.S. President Donald Trump sits next to Crypto czar David Sacks at the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025.Evelyn Hockstein | ReutersWhat was meant to be a short-term assignment for venture capitalist David Sacks in President Donald Trump’s White House appears to have stretched into something much bigger, according to leading Democratic lawmakers.Sen. Elizabeth Warren, D-Mass., and Rep. Melanie Stansbury, D-N.M., have teamed up with a number of other progressive politicians to question whether Sacks has blown past the 130-day limit for Special Government Employees.In a letter delivered Wednesday morning, the…
(L-R) Ben Cohen and Jerry Greenfield, co-founders of Ben & Jerry’s, partnered with MoveOn to hand out free ice cream at Franklin Square in Philadelphia during their Scoop The Vote tour to get-out-the-vote for Vice President Kamala Harris and Democrats down the ballot on September 16, 2024 in Philadelphia, Pennsylvania. Lisa Lake | Getty Images Entertainment | Getty ImagesBen & Jerry’s co-founder Jerry Greenfield has stepped down from the ice cream maker after nearly 50 years amid an ongoing row with parent company Unilever.In an open letter shared on Wednesday by the eponymous brand’s co-founder Ben Cohen, Greenfield dubbed the…
