The Lucid display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBCLucid Group is targeting a new goal that would make it the first automaker to offer highly advanced self-driving capabilities in its vehicles in the coming years, the company said Tuesday.The all-electric vehicle manufacturer expects to launch what it’s calling “mind-off” driving in which a car can essentially drive itself under normal circumstances without a human needing to monitor it or intervene unless there’s a change in circumstances, such as severe weather. That would be like an occupant playing a game…
Author: usaeverydaylife
A traffic light shows red in front of the US Capitol, in Washington DC , October 14, 2025.Celal Gunes/ | Anadolu | Getty ImagesA federal judge on Tuesday extended a temporary order blocking the Trump administration’s plans to fire thousands of federal employees during the government shutdown.The order, called a preliminary injunction, prohibits the administration from issuing reduction-in-force, or RIF, notices until the government reopens, Judge Susan Illston said during a hearing in U.S. District Court in San Francisco.Illston had imposed a short-term firing freeze, known as a temporary restraining order or TRO, on Oct. 15.The American Federation of State,…
Shares of high-tech glass maker Corning dropped 2.5% on Tuesday after climbing more than 80% this year. Investors took profits after what were solid earnings. We weren’t among them. In fact, we bought the pullback on Tuesday morning, shortly after underserved post-earnings weakness developed. Corning makes specialty glass for data center cables and screens for all kinds of digital devices. We’re raising our price target on the stock to $95 per share from $93 and reiterating our buy-equivalent 1 rating. Here are the headline numbers from Corning’s third quarter, which ended Sept. 30. Core revenue , which adjusts for factors…
Star hedge fund managers pitched their best ideas at the Sohn San Francisco investment conference on Tuesday, including an under-the-radar stock in connected TV and a digital mortgage company that may be poised for a rebound. Magnite James Edwards, managing partner of Maestria Partners, presented his best idea: Magnite , an online advertising technology provider based in Los Angeles. Magnite is the largest independent platform that helps companies such as Netflix and Disney monetize their advertising. The company, formed following a merger between Rubicon Project and Telaria in 2020, is benefiting from the changed landscape in the entertainment industry as…
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. Market update: The market received a boost after The Wall Street Journal reported that President Donald Trump and Chinese President Xi Jinping will discuss halving the 20% tariff on chemicals used to produce fentanyl at their upcoming meeting. If this happens, the average tariff on most Chinese goods would drop to 45%. More partners for Nvidia: Nvidia is making a bunch of headlines at its GTC conference in Washington, D.C. One…
CleanSpark, a Las Vegas based bitcoin miner, is moving into artificial intelligence, beginning to develop AI data centers alongside its crypto-mining business. The company’s CEO laid out details of the recently announced strategy on CNBC’s “Crypto World” this week, and why it’s likely to become core to the business models of more crypto mining companies.One key example of why bitcoin miners can win in the booming data center market: CleanSpark recently won a 100-megawatt site in Cheyenne, Wyoming, and beat out the tech giant Microsoft for the contract, according to its CEO.How did a company with a market cap under…
Jensen Huang, chief executive officer of Nvidia Corp., speaks to members of the media prior to the keynote address at the Nvidia AI summit in Washington, DC, US, on Tuesday, Oct. 28, 2025. Kent Nishimura | Bloomberg | Getty ImagesNvidia CEO Jensen Huang said at the company’s GTC conference on Tuesday that its Blackwell graphics processing units — the company’s fastest AI chips — are now in full production in Arizona.Previously, Nvidia’s fastest GPUs were solely manufactured in Taiwan.Huang said that President Donald Trump had asked him nine months ago to bring manufacturing back to U.S. shores.”The first thing that…
Investors ought to increase their exposure to utility stocks as companies build out energy-guzzling data centers to power an artificial intelligence boom, Wells Fargo advised clients. The bank initiated coverage of 33 companies across the utilities and power space, assigning a raft of stocks overweight ratings. “Power demand and tailwinds are structural, not cyclical, driving growth higher for the sector, which on a risk-adjusted basis looks favorable vs. S & P [500] earnings growth,” analyst Shahriar Pourreza wrote Monday. AI-related investments could hit $375 billion this year and top $500 billion by the end of 2026, according to UBS .…
An aerial view of the Golden Gate Bridge in front of the San Francisco skyline on October 20, 2025 in Sausalito, California. Justin Sullivan | Getty ImagesSan Francisco is on the comeback, which led CNBC to spend a few days to broadcast “Power Lunch” from the network’s stunning studios in the city.Ahead of this special programming, I sought to find the companies based in the city that were making investors the most money this year. Just as the city itself defies expectations, so did this stock search —with some names that may surprise you.San Francisco is one of the world’s…
US Secretary of Defense Pete Hegseth addresses senior military officers at Marine Corps Base Quantico in Quantico, Virginia, on September 30, 2025. Andrew Harnik | Afp | Getty ImagesU.S. military officials involved with President Donald Trump’s expanding operations in Latin America have been asked to sign non-disclosure agreements, three U.S. officials say, a development that raises new questions about a military buildup that Venezuela fears may lead to an invasion.The step is highly unusual, given that U.S. military officials are already required to shield national security secrets from public view, and comes as lawmakers in Congress say they are being kept in the dark about key aspects of the mission.The officials who spoke to…
