Britain's online supermarket Ocado clinched a game-changing deal with Kroger as its exclusive partner in the U.S., securing its entry into the world's biggest market and sending its shares up 50 percent. Jacob Greaves reports.
Social Security payments may be subject to cuts. Here's what the timing looks like.
Luminar Technologies, a maker of lidar sensors for self-driving cars, said on Tuesday that Tesla was the largest customer for its sensors in the first quarter, accounting for more than 10% of its total revenue of $21 million during the period. Tesla's electric vehicles that are sold do not use lidars and it is not clear where Tesla used the sensors.
“Those people aren’t just being useless (and being coddled to think useless jobs actually matter—they don’t), but they are also taking money away from the rest of the workforce’s retirement programs.”
This is what could happen next to Palantir shares.
Investing in cheap stocks brings unique risks because there is usually a reason the companies are undervalued.
Uncertainty is the word of the day, in reference to the near-term economic future. Sentiment will hinge on the inflation numbers due out next week. March’s figure rose to 3.5%, and April’s job numbers showed a marked slowing in the labor market; that combination has stoked fears of stagflation. But – corporate earnings from Q1 are beating expectations, and the stock market has taken a turn for the better with the S&P 500 closing just below 5,200 yesterday. Economic strategists are still optimist
Shopify reported Q1 earnings that topped analyst estimates while revenue edged by views. But shares plunged on Q2 guidance.
U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities, three people familiar with the matter told Reuters. Tesla’s Autopilot and Full Self-Driving systems assist with steering, braking and lane changes - but are not fully autonomous. While Tesla has warned drivers to stay ready to take over driving, the Justice Department is examining other statements by Tesla and Chief Executive Elon Musk suggesting its cars can drive themselves.
Warren Buffett is selling his largest holding, and that's a huge deal.
Uber Technologies stock was falling Wednesday after the ride-sharing company posted a first-quarter loss when analysts expected a profit. Shares of Uber were down 8.6% to $64.39 and were on pace for their largest percentage decrease since Oct. 11, 2022, according to Dow Jones Market Data. Uber reported a first-quarter adjusted loss of 32 cents a share on revenue of $10.13 billion.