Elon Musk says Tesla will unveil its robotaxi on Aug. 8; shares pop
Tesla will reveal its robotaxi product on Aug. 8, CEO Elon Musk said in a social media post on X.
Georgia inmate serving life mailed bombs from prison to D.C. office building, Alaska court, feds charge
David Cassady, who is serving a life sentence for kidnapping, allegedly built two bombs while in a Georgia prison and then mailed them to federal buildings.
Fed caution may be justified if the labor market starts to deteriorate. Here’s why that could happen
March’s robust job gains may push the Fed into a more cautious stance regarding potential rate cuts.
Wall Street gets key inflation data next week amid concerns the stock market is overbought
March inflation numbers may show investors that inflation is heading toward the Fed’s 2% target. If not, base case expectations for rates may need a revamp.
Move over, ‘Big Tech’ — this strategist says ‘old economy’ industrial and energy names will win in 2024
Strategist Larry Tentarelli sees undervalued sectors likely outperforming this year, naming some nondigital stocks among his top picks.
Fed Governor Bowman says additional rate hike could be needed if inflation stays high
Bowman said that it’s possible more hikes could be needed, rather than the cuts the market is expecting.
UBS CEO says integrating Credit Suisse will become a ‘case study’ for future big bank mergers
“I hope one day those kinds of mergers between big banks will be allowed and we can contribute to that by showing that it’s possible,” Sergio Ermotti said.
Skydance’s unique offer for Paramount Global would give it a large stake while keeping the company public
The unusual transaction Skydance is offering Paramount Global isn’t ideal for shareholders, but it may be better than nothing.
Apple lays off over 600 California employees after shuttering car project
The job cuts at Apple mark the first significant round of layoffs since before the pandemic.
Amazon resumes construction on office tower in Seattle suburb after yearslong hiatus
Amazon is resuming construction on a 42-story office tower in the Seattle suburb of Bellevue after 22 floors of the building sat unfinished since 2022.
