Salesforce, UiPath, Best Buy, Kohl’s, Foot Locker, HP Inc., C3.ai, Nutanix, and More Stock Market Movers
Stocks fell Thursday as Salesforce issued a weak outlook and rising bond yields weighed on sentiment. Salesforce reported first-quarter adjusted earnings that topped Wall Street predictions but shares of the business-software company were falling 18% after revenue of $9.13 billion…
Supercar EV Sales Whimper as Buyers Still Want an Engine Roar
The auto industry is fully committed to electrification, including supercar manufacturers such as Ferrari, Maserati, Aston Martin, Lamborghini, and Bugatti. But that doesn’t mean the road to full EV is not going to be full of bumps. Early EV supercars…
BYD and VW Turn Up the Heat on Tesla With Better Plug-in Hybrids and Cheaper EVs
Global auto makers are unveiling better cars and technologies in what is becoming an industry that has become more complicated and competitive every day. On Tuesday, Chinese electric-vehicle maker BYD unveiled the fifth generation of its plug-in hybrid technology that…
What a Tesla ‘Seagull’ Might Cost, and Where It Would Sell
The threat of cheap Chinese cars has Washington, and investors, atwitter. There isn’t anything magical about China’s ability to produce low-price cars. Tesla could do the same. It won’t though because few people want them. BYD cut the price of…
With Wagyu, Bacalao, and Tuna—Hiroki Arai’s Omakase Celebrates Japan and His New Home in Mexico
When Hiroki Arai was growing up in Tokyo, his interests led him to engineering, but even with an advanced degree, he knew that field wasn’t his passion. “From the beginning I liked cooking and I liked to explore new foods,”…
Snowflake Unveils Arctic Large-Language Model for AI Business Applications
The emerging battle to build the best large-language model for artificial-intelligence business applications just ratcheted up a notch. Snowflake on Wednesday launched Snowflake Arctic, a 480 billion parameter open-source, large-language model that the cloud-based data-warehousing firm contends is the best…
Electricity Bills Boost Inflation—and Show No Sign of Slowing
Electricity bills have been on a steady march higher, contributing to elevated inflation, and there is a good chance the trend will continue. Electricity costs rose 0.9% on a seasonally adjusted basis in March over February levels, and 5% on…
Electricity Bills Boost Inflation—and Show No Sign of Slowing
Electricity bills have been on a steady march higher, contributing to elevated inflation, and there is a good chance the trend will continue. Electricity costs rose 0.9% on a seasonally adjusted basis in March over February levels, and 5% on…
The Stock Market Is Starting to Sink. Earnings Could Fuel a Turnaround.
This past week was a difficult one for markets, as investors digested March’s higher-than-hoped-for inflation data, which further delayed any anticipated interest rate cuts. Yet earnings results could help lift stocks out of their funk. The S&P 500 fell 1.6%…
China Is Stingy With Economic Data. The Fallout for Stocks.
China’s restrictions on public access to economic and corporate data is baffling traders, and may be undermining the country’s attempt to get back to robust growth, experts said. “In any operating environment, China included, business needs information to make informed…