FILE PHOTO: A visitor stands next to a BYD Sealion 7 EV car at the 41st Thailand International Motor Expo, in Bangkok, Thailand, November 29, 2024. Athit Perawongmetha | ReutersAn intensifying auto industry price war in China has stoked fears of a long-anticipated shake-out in the world’s largest car market.Shares of China’s largest automakers sank Monday after Chinese electric-vehicle giant BYD offered fresh discounts across more than a dozen models, and an executive at another car company fretted openly about the country’s deepening price war. BYD’s moves cut the starting price of its cheapest model, the battery-powered Seagull hatchback, to 55,800 yuan ($7,765), from nearly $10,000.The BYD price cuts, along with other developments, signal a potential tipping point, where weaker players can no longer…
Author: usaeverydaylife
When looking at the future of law enforcement envisioned by Axon Enterprise CEO Rick Smith, I can’t help but think of the 1993 Sylvester Stallone movie “Demolition Man.” In that movie, they portray a more civilized society where police utilize non-lethal AI-like systems and surveillance-driven technologies to maintain order. The movie portrays violent, lethal manners of containment as a crude relic of the past. Granted ,many personal freedoms are encroached in that movie and that’s where the comparison ends. But AXON is designing a more balanced, ethical and technology-driven approach to law enforcement. We own AXON in our Tactical Alpha Growth and Active…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCharlie Bobrinskoy, Ariel Investments vice chairman, and Tom Lee, Fundstrat head of research, joins ‘Closing Bell Overtime’ to talk the day’s market action. Source link
Still from Disney’s newest live-action remake “Lilo & Stitch.”DisneyShares of movie theater companies soared on Tuesday following a record-breaking Memorial Day Weekend at the domestic box office.AMC saw its stock jump more than 23%, while shares of Marcus Theatres’ parent company Marcus Corporation climbed 10% and Cinemark stock leaped nearly 4%.The tandem releases of Disney’s live-action “Lilo & Stitch” and Paramount’s “Mission Impossible — The Final Reckoning” alongside holdovers Disney and Marvel’s “Thunderbolts*,” Warner Bros.’ “Sinners” and “Final Destination Bloodlines” led to an estimated $326 million haul, the highest Memorial Day box office ever, according to data from Comscore.It is…
Todd McKinnon, CEO and co-founder of Okta, speaks during the BoxWorks 2019 Conference in San Francisco, California, on Oct. 3, 2019.Michael Short | Bloomberg | Getty ImagesOkta reported better-than-expected earnings and revenue on Tuesday but maintained its guidance as the identity management software vendor grapples with an uncertain economic backdrop. The stock plunged 10% in extended trading. Here’s how the company did compared to LSEG estimates:EPS: 86 cents adjusted vs. 77 cents expectedRevenue: $688 million vs. $680 million expectedRevenue in the fiscal first quarter rose 12% from $617 million a year ago. Subscription revenue increased by the same amount to…
Starbucks is in the middle of a turnaround story as new management is expected to overhaul the struggling coffee chain, according to Nancy Tengler, Laffer Tengler Investments CEO and CIO. Tengler broke down her views on Starbucks, Nvidia, and EQT on CNBC’s “Three-Stock Lunch” Tuesday. Starbucks Last month, Starbucks missed earnings and revenue estimates for its fiscal second quarter as same-store sales fell for the fifth straight quarter. Still, CEO Brian Niccol said the coffee chain is seeing “momentum” in its turnaround, even though the effort will pressure earnings. “I think it’s presenting an opportunity to invest, for investors to step…
Bond yields provide critical insights into economic expectations, inflation, and currency valuation. Higher bond yields, especially on government bonds, can signal expectations of stronger economic growth. Lower yields suggest economic slowdown or recession fears, as investors flock to safe assets, driving bond prices up and yields down. Higher economic growth is good, but higher inflation is not, and yields also incorporate inflation forecasts. Higher yields may also indicate rising inflation expectations, as investors demand compensation for eroding purchasing power. In theory, investors can distinguish whether yields are increasing due to better economic expectations or worse inflation expectations by observing the…
A sign is posted in front of the 23andMe headquarters in Sunnyvale, California, on Feb. 1, 2024.Justin Sullivan | Getty ImagesMore CNBC health coverage23andMe said it will file a Form 25 Notification of Delisting with the SEC on or around June 6, which would subsequently remove the stock from listing and registering with the Nasdaq. The company said the Nasdaq had originally informed the company that a Form 25 would be filed in March, but since the exchange has not yet submitted the filing, 23andMe is doing so voluntarily. 23andMe exploded into the mainstream because of its at-home DNA testing…
Uranium mining giant Cameco and small modular reactor developer NuScale are poised to benefit the most from President Donald Trump ‘s recent executive orders on nuclear power, according to Goldman Sachs. Cameco and NuScale have rallied on Trump’s orders. Cameco popped 11% on Friday and gained another 2.7% on Tuesday. NuScale surged 15% on Tuesday, adding to its 19.4% surge on Friday. Trump’s actions aim to boost domestic uranium mining and enrichment, deploy advanced reactors at Defense and Energy Department facilities, and force the Nuclear Regulatory Commission to approve new reactor licenses within 18 months. Cameco will benefit from increased…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 surged 2% on Tuesday after President Donald Trump said he would delay the 50% tariff on the European Union that he threatened Friday. Stocks had dropped last Friday amid concerns that investors had grown too complacent about trade tensions and that high tariffs might soon return. This recent episode served as a reminder that the risk of increased tariffs is always present. However, it’s important…
