Today is the day, folks. After years of testing and ever-extending timelines, Tesla (TSLA) is finally set to unveil its self-driving robotaxi at its “We, Robot” event this very evening. At 7 p.m. Pacific time, Elon Musk will take the stage to debut Tesla’s so-called Cybercab – an autonomous vehicle that Musk himself believes will
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Molten copper pours into ceramic molds to form plates at the Southern Copper Corp. smelter facility in Ilo, Peru, on Jan. 30, 2017. Dado Galdieri | Bloomberg | Getty Images After years of political unrest in Peru, the relative calm of recent months has made international investors increasing their appetite for the country’s sovereign bonds.
Traders work on the floor of the New York Stock Exchange during afternoon trading on October 03, 2024 in New York City. Michael M. Santiago | Getty Images Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it
Tom Yeung here with the Sunday Digest. In mid-2019, the U.S. Federal Reserve began cutting interest rates for the first time since the 2007-’08 global financial crisis. The U.S. economy was beginning to slow, and economists were worried that trade disputes and weak global growth could send America into a recession. The COVID-19 pandemic the
When a revolutionary new product launches, what’s the best way to invest in its success? By buying that product-maker’s stock… right? Maybe not. Just consider: ever since Apple (AAPL) launched the first iPhone in June 2007, Apple stock has taken off like a rocket ship. It has risen more than 6,000% in value since that
In this article META UBER CYB-FF Follow your favorite stocksCREATE FREE ACCOUNT A smartphone displaying Facebook with the Meta icon visible in the background. Jonathan Raa | Nurphoto | Getty Images The U.S. stock market witnessed a solid September, thanks to the Federal Reserve’s much-awaited interest rate cut. However, escalating geopolitical tensions in the Middle
Lately, we’ve been all-in on autonomous vehicles (AVs). And while this enthusiasm isn’t new, it’s certainly been fortified by the flood of developments unfurling recently. In fact, we see so much promise in this industry that we’ve been pounding the table on it for days, sharing all about the dawn of the “Age of AVs.”
In this article RSVR Follow your favorite stocksCREATE FREE ACCOUNT Golnar Khosrowshahi, Founder and CEO of Reservoir Media Management, Inc. attends Variety, The New York Party, at Loosie’s Nightclub on October 05, 2023 in New York City. Jamie McCarthy | Variety | Getty Images Company: Reservoir Media (RSVR) Business: Reservoir Media operates a music publishing business,
So much for an impending recession! Today’s official jobs report solidly confirmed that the U.S. economy is not on the brink of a recession. Rather, it seems to be in the early innings of a powerful recovery. As such, we think this strong data sets the stage for a powerful stock rally in the final
Self-driving cars – they’ve hogged a large portion of the news cycle lately. Indeed, earlier this week, Gov. Gavin Newsom made headlines when he vetoed a bill that would have banned autonomous vehicles (AVs) from operating in the state of California. Then, just yesterday, Waymo started offering driverless rides to some folks in Austin, Texas.
If you’re a longtime reader of these issues, you’ll know that being at the forefront of innovation is central to my core investment approach. As such, I keep a close eye on several corners of the tech world, watching for the latest and most intriguing developments. And for the past few years, one such corner
In this article RXRX Follow your favorite stocksCREATE FREE ACCOUNT Source: Recursion Pharmaceuticals AI drug pioneer Recursion Pharmaceuticals said Wednesday that one of its experimental treatments hit a key milestone. Recursion was able to use its artificial intelligence-enabled drug discovery platform to identify an area of biology to target for the treatment of solid tumors
About a month ago, I flew home from a work trip into Phoenix Sky Harbor International Airport. It was late. My wife and kids were asleep. So, I fetched a ride from a ride-hailing app. The car arrived. It took me to my home in the suburbs. Dropped me off. It was a typical ride-hailing
In this article SCHW Follow your favorite stocksCREATE FREE ACCOUNT Walter “Walt” Bettinger, president and chief executive officer of Charles Schwab Corp., speaks during the 2015 Fortune Global Forum in San Francisco, California, U.S., on Tuesday, Nov. 3, 2015. David Paul Morris | Bloomberg | Getty Images Charles Schwab CEO Walt Bettinger is retiring from
A shareholder at a securities hall in Hangzhou, the capital of Zhejiang province in east China, on Sept. 24, 2024. Cfoto | Future Publishing | Getty Images China stocks rallied to their best day in 16 years, with related U.S. ETFs also soaring after recent economic stimulus buoyed investor optimism in the market. The Shanghai
Tom Yeung here with this week’s Sunday Digest. Last week, I discussed the contrarian bets that billionaire investors often make. By looking beyond basic corporate labels, successful fund managers like Joel Greenblatt often can recognize overlooked opportunities, like Marriott’s “toxic waste” spinoff in the early 1990s. As I said last week: Over the next three
In this article TGT NOG DRI Follow your favorite stocksCREATE FREE ACCOUNT The Target Corp. flagship store in Edina, Minnesota, US, on Thursday, Sept. 5, 2024. Ben Brewer | Bloomberg | Getty Images The Federal Reserve recently cut interest rates by 50 basis points, setting a favorable backdrop for dividend-paying stocks. Wall Street analysts’ recommendations
In this article 5929.T-JP Follow your favorite stocksCREATE FREE ACCOUNT Google earth view of Sanwa Holdings Corporation, Shinjuku Mitsui Building, 52F 2 Chome-1-1 Nishishinjuku, Shinjuku City, Tokyo 163-0478, Japan Google Earth Company: Sanwa Holdings Corp. (5929.T) Business: Sanwa Holdings is a Japan-based company mainly engaged in the manufacture and sale of building and commercial facility
For the past three years, the markets have been haunted by a particularly ghastly boogeyman – inflation. But today’s Personal Consumption Expenditures (PCE) report suggests that boogeyman has been officially vanquished. And with inflation normalized, it seems stocks are set to keep rallying to record highs. Indeed, this morning’s inflation data showed that the Federal
A bulldozer moves coal that will be burned to generate electricity at the American Electric Power coal-fired power plant in Winfield, West Virginia. Luke Sharrett | Bloomberg | Getty Images The planned restart of Three Mile Island is a step forward for nuclear power, but the U.S. needs to deploy new plants to keep up
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