Mobile World Congress 2024, the world’s biggest mobile trade show, had a lot of future-looking tech on display. Arjun Kharpal | CNBC Artificial intelligence took center stage, but there was also plenty of experimentation with different types of screens and first looks at some devices from some of the world’s biggest tech firms. Motorola showed … Read more
It is always a stockpicker’s market. You just have to pick the right stocks. If you picked the so-called Magnificent Seven last year—a group of highflying, mostly tech stocks that powered the S&P 500 index to a 24% gain—you looked in the mirror and beheld a genius. This year, it might be wise to avoid … Read more
The stock market is supposed to be efficient, discounting all available information into corporate valuations immediately. It’s pretty good at being efficient, but not everything makes sense all the time. Take the multi-trillion-dollar car industry. It isn’t easy to square how shares of different auto makers are valued. Start in the U.S. General Motors and … Read more
Podium, Brazilian GP 2023© Red Bull DRIVERS 1 – Max VERSTAPPEN (Red Bull) 2 – Lando NORRIS (McLaren) 3 – Fernando ALONSO (Aston Martin) TRACK INTERVIEWS (Conducted by Mark Webber) Q: Max Verstappen, another victory, the 17th victory of the year. It was relatively straightforward, built off a beautiful Qualifying session, which was tricky, got … Read more
The United Auto Workers and General Motors have agreed to a deal that will put an end to collective bargaining talks between the union and Detroit automakers. GM is the final Detroit automaker to reach a deal with the union following historically contentious talks. The 4½-year tentative agreements must still be ratified by members at … Read more
With just 20 employees and a fleet of remote-controlled robots, a startup called PaintJet has managed to cover more than 1.5 million square feet of building exteriors and ships in less than three years. The startup, based in Hendersonville, Tennessee, is the brainchild of CEO Nick Hegeman along with cofounders Steve Wasilowski and Sonia Chacko. … Read more
The UAW will not expand its strikes for the first week since work stoppages began, after the sides failed to reach tentative agreements by Sept 14. The union had been gradually increasing its strikes against the Detroit automakers but said it’s making progress in negotiations. Only 25,200 workers, or roughly 17% of UAW members covered … Read more
Tesla Finally Raised Prices. Why the Stock Is Tumbling. Barron’s Source link
Cavan Images | Getty Images As electric vehicles proliferate, some gas stations are making expensive overhauls to add EV charging stations. In most cases, they aren’t scrapping traditional liquid fuel pumps. But select locations, including an RS Automotive in Takoma Park, Md., and a Shell station in Fulham, England, have made a full switch. Location, … Read more
After an epic first day of trading on the Nasdaq, VinFast (ticker: VFS) closed at $37.06, up 255%, giving the EV start-up a market capitalization of roughly $86 billion. That’s more than the market cap of Ford Motor (F), General Motors (GM), Volkswagen (VOW3.Germany), and BMW (BMW.Germany). It’s even more than Hyundai Motor (005830.Korea) and … Read more