Hyliion CEO Tom Healy joins Yahoo Finance’s On The Move panel to discuss the company’s decision to reduce carbon intensity in electric trucks.
Retail trading has been on the road to recovery since bitcoin and U.S. stocks scaled record highs earlier this year, helped by bets of a soft landing for the economy and expectations of interest rate cuts from the Federal Reserve. Robinhood crushed Wall Street expectations on Wednesday when it reported a 40% surge in revenue and a profit of 18 cents per share, compared with a loss of 57 cents a year ago. Robinhood was at the center of the 2021 retail trading frenzy, when people used the platform to pump money into so-called "meme stocks" during lockdowns.
The Biden administration plans to put guardrails on U.S.-developed artificial intelligence (AI) models that power popular chatbots like ChatGPT to safeguard the technology from countries such as China and Russia, Reuters has reported. But China in the past year has built its own domestic generative AI industry and has been urging its companies to avoid foreign technology. OpenAI’s key AI services such as ChatGPT and the DALL-E image generator have not been officially rolled out in mainland China.
Curaleaf CEO Matt Darin said it was "a historic moment" for the cannabis industry following reports that the DEA is seeking to reschedule marijuana. Here are some of the implications for the weed industry.
The suspect's girlfriend reportedly told investigators he showed up at her house and told her he had done something to "three gringos."
India urged pro-China Maldives on Thursday to ease tensions and improve their strained relationship. The foreign ministers of India and Maldives met in New Delhi a day ahead of a deadline set by the Maldives’ new president, Mohamed Muizzu, for India to withdraw dozens of its soldiers from the archipelago nation. Tensions between India and Maldives have grown since pro-China Muizzu came to power last year.
Warner Bros. Discovery will report first quarter earnings before the bell on Thursday. Here's what to expect
The rate of guns stolen from cars in the U.S. has tripled over the last decade, making them the largest source of stolen guns in the country, an analysis of FBI data by the gun safety group Everytown found. The rate of stolen guns from cars climbed nearly every year and spiked during the coronavirus pandemic along with a major surge in weapons purchases in the U.S., according to the report, which analyzes FBI data from 337 cities in 44 states and was provided to The Associated Press. The alarming trend underscores the need for Americans to safely secure their firearms to prevent them from getting into the hands of dangerous people, said Bureau of Alcohol, Tobacco, Firearms and Explosives Director Steve Dettelbach, whose agency has separately found links between stolen guns and violent crimes.
Stormy Daniels will return to the witness stand in Donald Trump's hush money trial Thursday, two days after she spent hours recounting in sometimes graphic detail the alleged 2006 sexual encounter with the former president that she was eventually paid to keep quiet about during the 2016 presidential election. The former president's attorneys aggressively sought to poke holes in Daniels' credibility during cross-examination, accusing the porn actor of trying to extort Trump and rehearsing her testimony — two assertions she forcefully denied. The defense also made a failed attempt to have a mistrial declared, arguing that Daniels' morning testimony had “nothing to do with this case and is extremely prejudicial.”
Jury selection is expected to wrap up Thursday in the criminal racketeering trial of Sung Kook "Bill" Hwang over the 2021 collapse of his $36 billion fund Archegos Capital Management, setting the stage for opening statements and witness testimony next week. Prosecutors, Hwang's lawyers and U.S. District Judge Alvin Hellerstein will have a chance to question potential jurors in Manhattan federal court about their backgrounds and potential biases, a process known as voir dire. Twelve jurors and four alternate jurors will ultimately be chosen.
Chinese President Xi Jinping visited Hungary on Thursday seeking a "new journey" with Beijing's closest European Union ally amid divisions with the West over the Ukraine war and global trade.- Message to Europe - Earlier this week, the Chinese leader kicked off his trip in France, a visit that was cordial but also highlighted tensions between Beijing and the EU over the war in Ukraine and global trade.
When financial literacy expert Mellody Hobson speaks about her mom, she tells a remarkable story about coping with severe money struggles as a young child. Hobson, 55, may be best known as a money adviser on TV, but she is also a force in corporate boardrooms, joining Forbes' list of the World's 100 Most Powerful Women in 2020. Hobson's story begins in 1970s Chicago.
U.S. House of Representatives Speaker Mike Johnson wakes up on Thursday having survived an attempt to push him out, but he still faces an uncertain future as leader of a Republican caucus locked in civil war. Johnson was a little-known member of the House of Representatives until October, when he emerged from the bruising leadership fight that followed his predecessor's ouster in the powerful role of top Republican in Congress and second in line to the presidency behind the vice president. He survived an attempt by hardline Republican Marjorie Taylor Greene on Wednesday to remove him as speaker, with the support of most of his party's 217-213 House majority and from Republican presidential candidate Donald Trump.
Staff trust in the Federal Deposit Insurance Corporation's leadership has fallen sharply to well below government averages, with a growing number of workers considering leaving the agency, the latest FDIC staff survey data obtained by Reuters shows. In 2023, 38% of FDIC staff were considering leaving within the next 12 months, more than double that of 2020, compared with only 33% government-wide, the data shows. Only 39% of staff said FDIC leadership inspires strong "motivation and commitment," down from 61% in 2020 and 11 percentage points below the government average, the data obtained via the Freedom of Information Act showed.
Falling crop prices are leaving agriculture equipment sellers with an excess of unsold tractors and combines. The slower equipment sales are a knock-on effect of corn and soy prices dropping to more than three-year lows as U.S. farm income plummets and equipment makers and dealers are forced to pivot quickly after a period of booming business. Reuters interviewed ten equipment dealers, mostly in the Midwest, as well as farmers and analysts, who said low crop prices combined with persistently high interest rates are deterring farmers from purchasing machinery.
The tech world's new push for investor returns is changing what a dividend company looks like.
In a week lacking big catalysts, market momentum has stalled somewhat as investors look for fresh clues on the monetary policy outlook, after softer-than-expected payrolls data last week fueled bets of one or two rate cuts this year. Money market traders are pricing in U.S. rate cuts of 43 basis points (bps) by the end of 2024, according to LSEG's rate probabilities app. Market focus will shift to weekly jobless claims data and remarks from San Francisco Fed President Mary Daly during the day.
Rescue work was turning into a victim recovery effort after an apartment building collapsed in South Africa, trapping dozens of construction workers.
Nissan said Thursday it nearly doubled its full-year net profit in 2023-24, weathering challenges in the Chinese market, but forecast a dip of around 10 percent for the current financial year.The results struck a different tone to an announcement last month when Nissan trimmed its sales and profit outlook for 2023-24, predicting a more modest net profit of 390 billion.
Spain's second-largest bank BBVA announced Thursday a hostile takeover bid for smaller rival Banco Sabadell but the government vowed to block the move, which would create a European giant in the sector.A takeover would create a banking powerhouse capable of competing with Santander -- Spain's leading bank -- as well as with European giants such as HSBC and BNP Paribas.
generic