Tesla appears to be shifting its in-car music streaming strategy and it is crashing this stock in the process. Tesla doesn’t use phone-mirroring systems like Apple CarPLay and Android Auto. The automaker wants to own the entire in-car experience with its own user interface. When it comes to music streaming, Tesla had a long-term relationship […]
GM is eyeing double-digit market share in the US EV market after sales surged 60% in Q3 compared to last year. With new models like the Chevy Blazer, Equinox, and Silverado EVs rolling out nationwide, GM looks to top rival Ford by the end of 2024. With GM’s “EV for everyone” strategy finally unfolding, electric […]
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. Stocks are lower to start October following a strong month of gains in historically weak September. The Nasdaq fell about 1.5%, while the S & P 500 lost nearly […]
When NASA’s SpaceX Crew-9 launched to the International Space Station (ISS) on Sept. 28, one of the ISS National Lab-sponsored investigations included a student-led project designed to investigate the consequences of radiation and the space environment on gene-editing mechanisms. In a statement, the ISS National Laboratory said that data from the project, led by principal […]
Tesla is set to unveil a vehicle specifically designed to be a robotaxi, all while it is still selling its long-standing promise that its consumer vehicles would transform into self-driving taxis through software updates. Some wonder if this is a bait-and-switch. Tesla’s Original Promise Back in 2016, CEO Elon Musk promised that all Tesla vehicles […]
Hyundai set a new third-quarter retail sales record in the US, partially driven by “strong demand” for the all-electric IONIQ 5. The IONIQ 5 remains one of the best-selling EVs, with over 30,000 models sold in 2024. Hyundai IONIQ 5 sales reach 30,000 mark in Q3 2024 “We set an all-time retail sales record in […]
Who said electric vehicle sales are slowing? Kia is on a hot streak as EV sales in the US continued to surge in September. New SUVs, including the three-row electric EV9, drove the record-setting performance. Kia EV sales set new September US sales record “Sales of Kia’s electrified offerings continued to grow despite the industry-wide […]
Riyadh, Saudi Arabia. Xavierarnau | E+ | Getty Images Saudi Arabia cut its growth forecasts and raised its budget deficit estimates for the fiscal years 2024 to 2026, looking ahead to a period of higher spending and lower projected oil revenues. Real gross domestic product is now expected to grow 0.8% this year, a dramatic […]
U.S. crude oil prices rose more than 2% on Tuesday, coming off session highs as traders assessed whether a missile attack by Iran against Israel would lead to further escalation in Middle East. “There has been a lot of complacency about this war,” Helima Croft, head of global commodity strategy at RBC Capital Markets, told […]
An innovative, interdisciplinary project co-led by the University of Illinois Chicago will use artificial intelligence (AI) to unify data from a broader range of health professions and create novel, holistic datasets that could transform health care, driving discoveries that positively impact patient outcomes and care. The collaboration with University of Iowa, University of Missouri and […]
