Toyota’s self-driving unit has acquired US mapping start-up Carmera as the Japanese group embarks on a software buying spree in an attempt to quadruple its global engineering headcount over the next few years. New York-based Carmera is the second acquisition by Woven Planet following its $550m takeover of Lyft’s autonomous driving unit in April. Backed
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Global holdings of Chinese stocks and bonds have surged to more than $800bn as investors bought assets in the country at a record pace despite souring relations between Beijing and the international community. The drive into China’s markets by global investors has come even amid tensions between Beijing and Washington over issues from corporate audits
As markets rose and clients clamored to invest more, both with advisors and digitally, JPMorgan Chase’s Asset and Wealth Management unit reported $1.2 billion in net income for the second quarter of 2021 on revenue of $4.1 billion, a record, the bank announced July 13. The unit, which includes the New York-based bank’s financial advisors
Following an inauspicious start to life on the public markets, Vimeo (VMEO) shares clawed their way up during June. Interestingly, however, the stock’s rise coincided with revenue deceleration, although Truist’s Youssef Squali says the drop is nothing to be worried about. “Vimeo continues to see strong demand for full-service video solutions,” the 5-star analyst reassured,
A pint of Oatly brand ice cream is arranged for a photograph in the Brooklyn borough of New York, U.S., on Wednesday, Sept. 16, 2020. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Bank of America — Shares of the banking giant fell 3.7% after reporting quarterly
Steeped in history and surrounded by 57 acres of woodlands lies a magnificent estate in New York known as Laurel Hill, one of Long Island’s rarest remaining Gold Coast estates. On the market for $18.5 million, the grand estate celebrating Tudor architecture is in the prestigious North Shore enclave of Mill Neck, New York. It’s
This story is part of CNBC Make It’s One-Minute Money Hacks series, which provides easy, straightforward tips and tricks to help you understand your finances and take control of your money. There’s been a lot of discussion about affordable housing recently, especially as home prices and rents hit record levels. Is your current home affordable?
Greenidge Generation Holdings Inc., the mining firm based in Upstate New York, has announced the company has partnered with the Digital Currency Group mining and staking subsidiary Foundry Digital LLC. Furthermore, Greenidge revealed that it has purchased 2,300 Microbt-manufactured Whatsminer M30S mining rigs and also secured financing for 6,000 Bitmain-made Antminer S19 devices. Greenidge Partners
Chicago Public Schools laid out a proposed $9.3 billion fiscal 2022 budget that directs $707 million towards capital and spends down about $1 billion of the district’s $2.6 billion of federal relief to recover from the COVID-19 pandemic. The proposed budget for the fiscal year that began July 1 raises spending by about $900 million
As I’ve said before, the first step to rehabbing your finances is admitting you have a problem. And I know what you’re thinking. You’re thinking, okay Nicole, I’ve admitted it, I have a problem, I’m shouting it from the rooftops, but what happens now? Maybe the old you had some bad money habits, and you
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) - The price of platinum has moved higher in recent sessions but it is about to come up against an important resistance.
“You might think that’s simple conspiracy theory…it’s actually conspiracy fact.” by Craig Hemke via Sprott Money News If there is anything positive about 21st century finance, it’s that the internet allows you to find all sorts of analysis to consider. Back in the day, you were stuck with the ravings of your commission-hungry stockbroker and his sell-side research. Today,
ShapeShift, a leading non-custodial cryptocurrency exchange, is planning to open-source its platform and dissolve its entire corporate structure — an unprecedented move that underscores the company’s commitment to decentralization. Largest airdrop in history As part of its decentralization pledge, ShapeShift plans to airdrop 340 million FOX tokens to over one million users who traded $1
During his long career as a successful entrepreneur, billionaire Elon Musk has both ridiculed and defied his skeptics, in the process becoming one of the world’s richest persons. He was a founder of payments giant PayPal Holdings (PYPL), rocket maker SpaceX, and Tesla (TSLA), the world’s largest automaker by market value. But the outspoken Musk,
The United Arab Emirates and Saudi Arabia have reached the outline of a deal that would unlock an agreement by Opec and its allies to raise oil production, four delegates and advisers to the group said on Wednesday, but cautioned discussions are continuing and the deal is still to be finalised. Saudi Arabia has agreed
Wall Street stocks gained, Treasury bonds rallied and the dollar weakened as investors awaited an assessment on the US economic recovery from the chair of the Federal Reserve. The technology-focused Nasdaq Composite rose 0.6 per cent in early dealings, while the broader-based S&P 500 added 0.5 per cent. The yield on the 10-year US Treasury
A sometimes overlooked wealth management sector spanning thousands of banks and credit unions is turning into one of the most in demand for industry giants’ recruiting. With the goals of boosting their own wealth management services and adoption among their substantial client and member bases while retaining their most productive advisors, the institutions are changing
In today’s era, the importance of cloud computing services for enterprise data storage has been recognized significantly, post-pandemic outbreak. Organizations rapidly transitioned to the cloud to adopt remote work to maintain the flow in their businesses, which might otherwise have been impacted by the pandemic-induced restrictions. Therefore, several companies offering cloud-based applications and tools recorded
In this article LB Check out the companies making headlines before the bell: Bank of America (BAC) – Bank of America shares slid 2.2% in the premarket after it reported a quarterly profit of $1.03 per share, including a one-time tax benefit. The consensus estimate was 77 cents. The bank’s revenue came in below Wall
Sharing is Caring! by Michael Snyder Is something very unusual happening to our world? Hundreds of giant sinkholes have been suddenly appearing all over the globe, and this is deeply alarming a lot of people. For months, I have been coming across news stories about giant sinkholes during my daily research sessions, and at first
by Erik Sherman Keep living in an apartment without paying rent? In the “before times,” it would have been unthinkable — at least without a concerted legal battle with an angry landlord. During the COVID-19 pandemic, though, all that went out the window. Congress first put an eviction moratorium into place from March 27 to
Cryptocurrency trading volumes decreased significantly in June according to data from Cryptocompare, a price and volume tracking organization. Volumes traded diminished by at least 40% month-on-month, with spot and derivatives trading both suffering due to the mining and trading crackdown in China, amongst other factors. The resulting volatility seems to have made many traders lose
The revived New York City real estate market is seeing strong demand and attractive prices relative to recent history, a top broker told CNBC on Tuesday. “The story that I’m seeing across the board: All segments are transacting. New York is back, and people want to be here,” Christopher Kromer, a broker with Brown Harris
The high level of incarceration in the U.S., especially among Americans of color and indigenous people, constrains the labor market and the economy’s ability to reach its full potential, Federal Reserve Bank of Atlanta President Raphael Bostic said. “Incarceration is a drag on our ability achieve our maximum-employment goal,” Bostic said Tuesday at the start
Silver consolidates the previous day’s losses, recently bounces off intraday low. Strong Momentum keeps traders on the lookout of triangle breakout. 200-SMA adds to the upside filters, bears could aim for early April lows on successful breakdown. Silver (XAG/USD) recovers from intraday low, recently taking rounds to $26.00, amid Wednesday’s Asian session. The bright metal
Why is it that nowadays every gold “guru” takes bows after major advances but issues zero apologies after crashes? by Michael Ballanger via Streetwise Reports No doubt most of you know all about the Gold Anti-Trust Action Committee, otherwise known as GATA, founded in the late 1990s by my two dear friends Bill Murphy and
Bitcoin (BTC) is seeing a “reset” in investor behavior at $30,000 and the trend need only continue to spark a price rise. According to on-chain monitoring resource Ecoinometrics on July 13, the only way is “up” for BTC/USD if hodlers continue accumulating coins. “Intriguing” data points to fresh demand Analyzing who bought coins since the
What Are Bitcoin Hard Forks? In early 2009, a mysterious software developer, working under the alias Satoshi Nakamoto, released a software program that created bitcoin, the first cryptocurrency. Since then, bitcoin has gone on to gain massive appeal across the globe and inspire hundreds of other digital currencies. Many of these cryptocurrencies employ technologies that were already inherent
Nassim Nicholas Taleb, New York University professor and author Jerome Favre | Bloomberg | Getty Images Nassim Nicholas Taleb has reversed his stance on bitcoin. The “Black Swan” author said in a recent paper that the largest cryptocurrency by market cap has failed to satisfy the notions of it as a currency without government, a
France’s billionaire Pinault family is joining the growing line of sponsors of European Spacs, aiming to raise as much as €300m for a blank-cheque company that will focus on the entertainment and leisure industries. The special purpose acquisition vehicle, named I2PO, is being launched in Paris on Wednesday. It is also backed by Centerview Partners