A in San Francisco, California, US, on Thursday Aug. 10, 2023.David Paul Morris | Bloomberg | Getty ImagesGeneral Motors will no longer fund robotaxi development of its Cruise division, the company said on Tuesday. The Detroit automaker cited the increasingly competitive robotaxi market, capital allocation priorities and the considerable time and resources necessary to grow the business as reasons for its decision. GM said it plans to instead “realign its autonomous driving strategy” to focus on advanced driver assistance systems and autonomous systems for use in personal vehicles. The company will combine the majority-owned Cruise LLC with GM technical teams.The company currently owns…
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By Paul Dehner Jr., Jon Machota, Saad Yousuf and Rebecca TauberThe Cincinnati Bengals and Dallas Cowboys kept it close, but it was the Bengals that ultimately prevailed Monday night, breaking a three-game losing streak by beating the Cowboys 27-20.The game belonged to Bengals wide receiver Ja’Marr Chase, whose two touchdowns and 177 receiving yards marked the fourth-best performance this season by a receiver. Chase also tied Travis Kelce and Cooper Kupp with the most receptions in a game this season at 14.The key moment came with less than two minutes left, with the game tied 20-20 and the Cowboys on…
Thousands of Syrians have been traveling to and from the Lebanese border since the fall of Bashar al-Assad’s regime. Some families hoped to reunite with loved ones, while others are leaving amid an uncertain future. Source link
The next biggest beneficiaries of the artificial intelligence trade could be the less-obvious names stealthily adopting new technologies, according to Nancy Tengler, CEO and chief investment officer of Laffer Tengler Investments. As the current bull market rally has broadened out, technology stocks have given up some of the massive lead they held over other sectors. Since the Nov. 5 presidential election, the Russell 2000 has added 5.4% versus the S & P 500 ‘s 5% gain during the same time period. Now, Tengler is in large part focused on investing in “old economy” companies that have pivoted to new technologies…
Traders are growing increasingly confident that the Federal Reserve will cut interest rates again next week. There are just a few hurdles left that could derail that belief, starting with the November consumer price index report due out on Wednesday. Economists expect a monthly increase of 0.3% for both the headline CPI reading and core CPI, which excludes volatile food and energy prices, according to Dow Jones. The November producer price index, scheduled for Thursday, is expected to show an increase of 0.2% in its headline and core readings. Economists can then weigh the various components of CPI and PPI…
Michael Saylor, the billionaire bitcoin investor whose turned his company, MicroStrategy, into a high-risk proxy for the cryptocurrency, has been encouraging Microsoft to use some of its massive cash pile to follow his lead.But shareholders on Tuesday said no.In October, Microsoft told investors that the National Center for Public Policy Research, a conservative think tank, intended to submit a shareholder proposal recommending that the software company’s board look at diversifying its balance sheet with bitcoin.Saylor, who has seen his company’s stock price soar almost 500% this year as it buys billions of dollars worth of bitcoin, presented the proposal at…
DALLAS — This is how you slay a negative perception. This is how you rebrand a franchise. This is how you deliver for your fan base.On Sunday night, the Mets signed Juan Soto to the largest contract in the history of professional sports — a 15-year, $765 million pact, according to sources briefed on the terms, that smashes the present-day value of the previous record-holder in baseball by more than $300 million.It’s a where-were-you moment for a fan base accustomed to experiencing those in a less positive context.Before diving into what this means for the lineup, the payroll from now…
A person shows Google Quantum AI’s “Willow” chip, in this undated handout photo obtained by Reuters on December 6, 2024. Google | Via ReutersAlphabet shares rose 5% during trading Tuesday, the day after the company hailed its latest quantum computing chip as a “breakthrough.”The Google parent company on Monday revealed “Willow,” a quantum computing chip that the company said performed significantly better on a quantum computing benchmark than its predecessor did in 2019. Willow, like similar quantum chips, uses uncertain “qubits” to represent numbers instead of transistors, which are used on traditional semiconductors. Google said its technology can reduce expected errors faster than…
Attractive yields and solid fundamentals make investment-grade corporate bonds one of the best investments for income investors in 2025, according to Schwab. The assets have gotten expensive, with yield spreads at very low levels when compared to Treasurys. However, company profits and balance sheets remain strong , Collin Martin, fixed income strategist at Schwab Center for Financial Research, said in an interview with CNBC. “They have those high-grade ratings for a reason,” Martin said. “Considering you can get a yield of 5% or more, we think that is very attractive, especially now that short-term rates have fallen,” he added. “You…
A man shops at a Target store in Chicago on November 26, 2024.Kamil Krzaczynski | AFP | Getty ImagesA key economic report coming Wednesday is expected to show that progress has stalled in bringing down the inflation rate, though not so much that the Federal Reserve won’t lower interest rates next week.The consumer price index, a broad measure of goods and services costs across the U.S. economy, is expected to show a 2.7% 12-month inflation rate for November, which would mark a 0.1 percentage point acceleration from the previous month, according to the Dow Jones consensus.Excluding food and energy, so-called…
