Toyota (TM) reintroduced its once-popular Highlander three-row SUV as a full EV with improved capabilities, just as the industry pushes away from costly battery electrics. Toyota, which was late to the EV game, hopes there’s an opening even as demand for EVs has waned. The current gas-powered Highlander will be phased out, as the larger […]
Debt investors are worried that the biggest tech companies will keep borrowing until it hurts in the battle to develop the most powerful artificial intelligence. That fear is breathing new life into the market for credit derivatives, where banks, investors and others can protect themselves against borrowers larding on too much debt and becoming less […]
Big Tech keeps raising its spending plans for artificial intelligence infrastructure, yet shares of Nvidia Corp., one of the biggest beneficiaries of that flood of cash, have been largely stagnant for months. The stock is down more than 1% since the beginning of the fourth quarter and has been largely range bound despite hitting a […]
The rumble of 1959 Chevrolets, once the rhythmic heartbeat of Havana, is fading to the near silence of electric vehicles as the island faces its worst fuel shortage in years. For six decades, Cuba’s roads changed little, defined by colorful vintage cars. But in recent years, Cubans increasingly adopted electric vehicles as fuel became more […]
Software stocks have been pummeled over artificial intelligence fears in recent weeks. Now, investors can add logistics and freight names to the list of stocks getting sold on worries about AI. Shares of logistics and freight operations companies C.H. Robinson (CHRW) and Universal Logistics (ULH) suffered double-digit losses on Thursday after a little-known Florida company […]
US stock futures held Friday morning, attempting to stabilize after a broad market selloff, as investors prepared for a highly-anticipated inflation update due before the opening bell. Futures linked to the S&P 500 (ES=F), Nasdaq 100 futures (NQ=F), and contracts tied to the Dow Jones Industrial Average (YM=F) flitted around the baseline. Thursday’s regular session […]
The software sector has taken a massive beating on Wall Street over the past few months on fears that AI is destined to roll over the segment. But the sell-off turned into a meltdown last week after Anthropic (ANTH.PVT) released an update to its Claude Cowork tool that included plugins to perform common tasks related […]
Real estate services stocks sank on Wednesday as investors assessed the companies’ vulnerability to the newest crop of artificial intelligence applications and tools that threatens to disrupt several industries. Shares of CBRE Group Inc. and Jones Lang LaSalle Inc. plunged 12%, and Cushman & Wakefield Ltd. dropped 14%. For CBRE and Cushman & Wakefield, the […]
The build-out of artificial intelligence data centers along with business-friendly provisions in President Trump’s “One Big Beautiful Bill” are combining to make 2025 a banner tax year for Big Tech. Tax bills have dropped for three companies at the center of the ongoing AI build-out, thanks to new business world deductions enacted last year by […]
An artificial intelligence tool aimed at creating tax strategies sparked a selloff in wealth-management stocks Tuesday as investors fear the business could be at risk from automated advice. The innovation puts the wealth-management industry in the crosshairs of AI competition, the way it did for software stocks and private credit firms last week and insurance […]
Alphabet Inc. (GOOG) plans to sell a very rare 100-year bond as part of its mega debt issue, in the first sale of such long-dated debt by a technology firm since the late 1990s. The 100-year bond will be denominated in sterling, along with four other tranches in the currency, according to a person familiar […]
Elon Musk is moving the goalposts back to what was once SpaceX’s (SPAX.PVT) top target, with sights now set on the moon rather than Mars. The pivot comes as the company’s initial public offering (IPO) fast approaches. In a Sunday post on X.com right before the Super Bowl, the SpaceX and Tesla (TSLA) CEO said […]
