As demand for energy skyrockets amid the rise of AI, one of Tesla’s co-founders is betting on a new solution: giving old electric vehicle batteries a second-life. JB Straubel, who helped launch Tesla and served as its tech chief until 2019, founded Redwood Materials in 2017 to recycle batteries and build a closed-loop supply chain for EVs. But as Redwood started receiving more EV batteries, the startup noticed that most still had usable capacity. Rather than recycle those batteries, Redwood is now repurposing them for microgrid projects that could provide cheap energy storage for new and existing data centers.”We’re just…
Author: usaeverydaylife
U.S. President Donald Trump talks to members of the press at Lehigh Valley International Airport in Allentown, Pennsylvania, U.S., August 3, 2025.Ken Cedeno | ReutersPresident Donald Trump told CNBC’s “Squawk Box” on Tuesday that planned tariffs on pharmaceuticals imported into the U.S. could eventually reach up to 250%, the highest rate he has threatened so far.He said he will initially impose a “small tariff” on pharmaceuticals, but then in a year to a year and a half “maximum,” he will raise that rate to 150% and then 250%.The president has repeatedly threatened and then changed course on tariff proposals, so…
Check out the companies making the biggest moves in premarket trading: Palantir Technologies — The defense technology stock jumped 6.8% after quarterly revenue exceeded $1 billion for the first time and it raised full-year guidance. Palantir now anticipates revenue for the year to range between $4.142 billion and $4.150 billion, up from prior guidance of $3.89 billion to $3.90 billion. Second-quarter earnings and revenue topped expectations. Pfizer — The stock rose 1.7% after the drug maker raised its guidance and second-quarter earnings and revenue topped analyst estimates. Pfizer now expects full-year adjusted earnings between $2.90 to $3.10 per share, versus…
Here are Tuesday’s biggest calls on Wall Street: Deutsche Bank upgrades Palantir to hold from sell Deutsche upgraded the stock following earnings and said it was “late” but that the stock remains well positioned. “We were admittedly quite late to the party in appreciating how Palantir’s platform is uniquely positioned for AI and changed the trajectory of the company.” Read more. Bank of America reiterates Palantir as buy Bank of America raised its price target on the stock to $180 per share from $150. “We see Palantir as a beneficiary of rapidly growing demand for Artificial Intelligence (AI)-platforms in both…
President Donald Trump joins ‘Squawk Box’ via phone to discuss the efficacy of the Bureau of Labor Statistics. Source link
Tesla vehicles are parked outside of a dealership on July 24, 2025 in Austin, Texas. Brandon Bell | Getty ImagesTesla’s new car sales plummeted in both Britain and Germany in July, according to industry data published Tuesday, extending a protracted European downturn for the U.S. electric automaker.Data published by the U.K.’s Society of Motor Manufacturers and Traders (SMMT) showed Tesla’s new car sales dropped by nearly 60% to 987 units last month, down from 2,462 a year ago.In Germany, Tesla car sales fell to 1,110 units in July, down 55.1% from the same month in 2024. The number of Tesla’s…
A sample of Alaska Airlines’ new livery for its Boeing 787-9 Dreamliners.Source: Alaska Airlines:Alaska Airlines is starting flights from Seattle to London and Reykjavik, Iceland, next May, adding to its global expansion following its acquisition of Hawaiian Airlines last year.Alaska plans to fly daily between Seattle and London’s Heathrow Airport on its Boeing 787-9 Dreamliners, in a bet on both business and leisure travel demand. Seattle–Reykjavik will be served by a 737 Max 8 as a spring and summer seasonal service.The carrier in June announced it plans to start nonstops between Seattle and Rome next year. A few weeks later, rival Delta…
Exterior view of the Pfizer headquarters building on January 29, 2023 in New York City. View Press | Corbis News | Getty ImagesPfizer on Tuesday hiked its full-year adjusted profit guidance on its cost cuts and strong business performance this year.The company also reported second-quarter results that topped Wall Street’s estimates for the period, as revenue from its Covid products and some other drugs jumped.Shares of Pfizer rose more than 2% in premarket trading on Tuesday.Pfizer now expects full-year adjusted profit to come in between $2.90 to $3.10, up from a previous guidance of $2.80 to $3 per share. The…
Bernstein is sticking by Oracle as the artificial intelligence buildout creates long-term value for the cloud services and infrastructure company. Analyst Mark Moerdler reiterated his outperform rating and raised his price target to $308 from $269. His new target suggests nearly 22% potential upside for the stock, which has rallied about 51.5% this year. “Oracle is in the early days of a massive Cloud transition, with Oracle Cloud Infrastructure (OCI) on track to become the 4th largest global hyperscaler and growth accelerating,” the analyst wrote in a Tuesday note to clients. “While most of the revenue today is from CPU-centric…
Piotr Swat | Lightrocket | Getty ImagesYum Brands on Tuesday reported quarterly earnings and revenue that missed analysts’ expectations as Pizza Hut and KFC reported U.S. same-store sales declines.Here’s what the company reported for the period ended June 30 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $1.44 adjusted vs. $1.46 expectedRevenue: $1.93 billion vs. $1.94 billion expectedYum reported second-quarter net income of $374 million, or $1.33 per share, up from $367 million, or $1.28 per share, a year earlier.Excluding refranchising gains and other items, the company earned $1.44 per share.Net sales climbed 10% to…
