Alphabet-owned Waymo recently announced the details of its latest self-driving technology, known as “generation 6.” This new driverless tech has been integrated into Geely Zeekr electric vehicles and is designed to handle a wider array of weather conditions without the need for as many expensive cameras and sensors on board. Satish Jeyachandran, Waymo’s vice president
Development
SpaceX is gearing up for an exciting new mission, Polaris Dawn, which is set to launch at the end of the month. This mission, part of billionaire Jared Isaacman’s Polaris Program, will mark the first attempt at a spacewalk by a private venture. The crew, led by Isaacman himself, will include long-time colleague Scott Poteet,
Deutsche Bank’s attempt to settle with shareholders who sued the bank for underpaying them for the acquisition of Postbank has hit a roadblock. The lawyer representing the plaintiffs, Jan Bayer, dismissed the bank’s offer as inadequate, referring to it as a “crackhead” offer that stands no chance of acceptance. This rejection sets the stage for
UBS CEO Sergio Ermotti recently addressed the issue of market volatility, predicting that it could potentially intensify in the second half of the year. While some investors have expressed concerns about a possible recession in the United States, Ermotti remains optimistic, stating that a slowdown is more likely than a full-blown recession. The recent sell-offs
Cisco Systems experienced a 6% jump in its stock after reporting an earnings and revenue beat for its fiscal fourth quarter. The networking company posted adjusted earnings of 87 cents per share on revenue of $13.64 billion, surpassing analysts’ expectations. Despite this positive news, both revenue and earnings for the fiscal year decreased, marking the
The recent data showing a slowdown in U.S. inflation has left the dollar weakened, with the euro reaching an eight-month high. This has led to speculations that the Federal Reserve might consider lowering borrowing costs next month. The potential rate cuts have left traders anticipating the Fed’s next move, with expectations of a 25 basis
The U.S. stock index futures saw a slight rise on Wednesday evening, following positive momentum on Wall Street upon the release of data showing a cooling in consumer inflation during July. This development raised expectations for a reduction in interest rates by the Federal Reserve. The softer-than-expected inflation readings this week have fueled speculations that
The volatile nature of the stock market is evident in the premarket trading activities of various companies. Kellanova’s shares rose significantly after agreeing to be acquired by Mars, while Alphabet experienced a drop in share prices due to reports of potential regulatory actions. This highlights the influence of external factors on company performance and investor
Brinker International saw a significant stock drop of around 12% after reporting disappointing fourth-quarter earnings. The adjusted earnings per share fell short of expectations, leading to a weaker profit forecast for the full year. This indicates potential issues within the company’s operations and financial performance. On the other hand, Victoria’s Secret experienced a surge of
Recently, a New York State Supreme Court judge announced an auction date of November 8 for the properties owned by Charles Cohen’s Cohen Realty Enterprises. This includes the U.S. Landmark and UK Curzon arthouse cinema chains that he acquired in 2018 and 2019. The reason behind this auction is the lawsuit filed by Fortress Credit
South Korea’s retail investors have been showing a unique behavior lately that sets them apart from the trends seen in many other nations. Despite the recent global financial market turmoil, South Korean mom-and-pop investors are doubling down on their investments in U.S. stocks. This phenomenon is driven by factors such as the depressed value proposition
The currency markets were in a state of uncertainty on Tuesday as investors awaited the release of U.S. economic data that could influence the likelihood of significant interest rate cuts. The dollar, which had briefly touched a one-week high against the yen, was hovering at 147.17 yen. On the other hand, the euro was trading
JetBlue experienced a significant 13% drop in shares midday after announcing plans to sell $400 million of five-year convertible senior notes. This decision raised concerns among investors about the company’s financial stability and future growth prospects. It remains to be seen how JetBlue will navigate this challenging situation and regain investor confidence in the coming
The week began with a sense of calm in Asian markets as Japan observed a holiday. This absence of trading from Japan removed a source of recent volatility, allowing investors to take a breath and reassess the landscape. With all eyes on major economic data releases from the U.S. and China, market participants were preparing