Finance
Pony.ai wins first permit for fully driverless taxi operation in the center of China’s Silicon Valley
Key Points In the latest step towards building a revenue-generating robotaxi business, Chinese startup Pony.ai said it has obtained the first permit to charge fares for fully driverless taxis in core parts of a business district of Shenzhen. The permit allows Pony.ai to charge fares for rides — without any human staff inside — from […]
Read More
Stocks making the biggest moves midday: General Motors, Petco, GameStop, Alibaba, Cava and more
Check out the companies making headlines in midday trading: Auto stocks — Major automobile manufacturers slipped following President Donald Trump’s plans to impose a 25% tariff on “all cars that are not made in the United States,” effective April 2. Shares of General Motors , Ford Motor and Stellantis respectively fell 6%, 2% and 1%. […]
Read More
Wall Street analysts say Elon Musk is the clear auto tariff winner: ‘Tesla wins, Detroit bleeds’
Several analysts on Wall Street see a clear winner emerging from President Donald Trump ‘s new auto tariff policy: Tesla . Trump announced on Wednesday that all cars not made in the U.S. would be slapped with a 25% tariff beginning next week. The news sent shares of major American car producers in diverging directions […]
Read More
GameStop shares drop, reversing Wednesday’s rally, on planned debt issue to buy bitcoin
In this article GME Follow your favorite stocksCREATE FREE ACCOUNT Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 12, 2024. Brendan McDermid | Reuters GameStop shares are set to give back much of Wednesday’s rally after the video […]
Read More
Stocks making the biggest moves premarket: General Motors, GameStop, Nvidia, Jefferies and more
Check out the companies making headlines in premarket trading: Auto stocks — Shares of major automakers dropped after President Donald Trump announced a 25% tariff on all cars not made in the U.S. that will go into effect next week. General Motors slid more than 6%, while Stellantis lost 1%. GameStop — The video game […]
Read More
Stocks making the biggest moves midday: GameStop, Dollar Tree, Cintas and more
Check out the companies making headlines in midday trading. GameStop – The meme stock soared about 15%. On Tuesday, GameStop’s board announced it had unanimously approved a plan to buy bitcoin with a portion of its corporate cash, following a similar move by MicroStrategy. Dollar Tree – The discount retail chain popped more than 4% […]
Read More
Stocks making the biggest moves premarket: GameStop, Chewy, Dollar Tree, Wingstop and more
Check out the companies making headlines in premarket trading. GameStop — The meme stock surged 16% a day after the company’s board announced it had approved a plan to buy bitcoin and stablecoins with a portion of its corporate cash, in a move similar to that of MicroStrategy. Dollar Tree — The discount retailer gained […]
Read More
Trump says tariffs coming in April will ‘probably be more lenient than reciprocal’
Key Points “I’ll probably be more lenient than reciprocal, because if I was reciprocal, that would be very tough for people,” Trump said in an interview. “I know there are some exceptions, and it’s an ongoing discussion, but not too many, not too many exceptions,” Trump added. Source
Read More
GameStop to invest corporate cash in bitcoin, following in footsteps of MicroStrategy
A general view of the GameStop logo on one of its stores in the city center of Cologne, Germany. Ying Tang | Nurphoto | Getty Images Video game retailer GameStop announced Tuesday its board has unanimously approved a plan to buy bitcoin with its corporate cash, a move that MicroStrategy became well-known for. The meme […]
Read More
Treasury scraps reporting rule for U.S. small business owners
Key Points The Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a rule that exempts all U.S. companies and U.S. owners from filing reports about “beneficial ownership information.” Lawmakers sought such information to help curb criminal activity and illicit finance conducted through opaque shell companies. It came with financial penalties for noncompliance. The move is part […]
Read More