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STOCK ALERT The Apple car is no more. Shares of Ford Motor General Motors and Tesla barely reacted. There is good reason for that. Apple is abandoning its long-gestating car project in favor of working more on generative AI...
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Younger investors — Millennials and Gen Z — seem to have FOMO as they are more likely to chase momentum behind earnings, according to Apex Fintech Solutions latest survey. Apex Fintech Solutions CEO Bill Capuzzi sits down with Yahoo Finance to discuss these FOMO trading trends observed from the most recent earnings seasons, especially across the Magnificent 7 tech stocks. "When I look at the data in terms of the pattern, those 26 and younger year olds, there was a bit of fear of missing out. The great earnings and the amount of activity in that name [Meta (META)] was significant compared to something like Uber (UBER), which also posted really good earnings," Capuzzi says. "What it tells me is you have this younger generation — this notion [of] Peter Lynch which is 'invest in what you know, invest in what you use' — in this case, you have this younger generation leaning into things they use today, number one, and number two, think that there's opportunity for that stock to continue to run." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan...
Continue ReadingCompetition in China’s car market is getting even more intense. That means cheaper Chinese electric vehicles. It is also terrible news for China’s competitors abroad. BYD, which overtook Tesla in EV sales last quarter, dropped another bomb last week—cutting prices of some models by more than 10%...
Continue ReadingAnnual Revenue Climbs 17% with Improved Margins and Strategic Focus on Profitability...
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Apple is giving up on its decade-long effort to build an autonomous electric vehicle and will instead focus on artificial intelligence, according to a new report...
Continue ReadingChinese automaker BYD is eyeing rapid international expansion after becoming the world's top electric vehicle seller. Just don’t expect the EV maker to come to the US anytime soon...
Continue ReadingApple (AAPL) has halted its decade long project to develop an electric car, according to a Bloomberg report. Senior Columnist Rick Newman notes Apple's profit margin on smartphones and software is far above that of automakers'. He says full-scale auto manufacturing "doesn't fit with [Apple's] business model" given the complexities of the market. With the Apple car now scrapped, Senior Tech Editor Dan Howley explains Apple's intentions to redirect investments towards generative AI and machine learning. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith...
Continue Reading(Bloomberg) -- Apple Inc. is canceling a decadelong effort to build an electric car, according to people with knowledge of the matter, abandoning one of the most ambitious projects in the history of the company.Most Read from BloombergApple to Wind Down Electric Car Effort After Decadelong OdysseyHow Much Wealth You Need to Join the Richest 1% Around the WorldOffice Tower Deal for $1 Reveals Anxiety Among Longtime BuyersA Spike in Heart Disease Deaths Since Covid Is Puzzling ScientistsNvidia’s $...
Continue ReadingCompanies over the years have complained about Microsoft's bundling services and its cloud-computing practices, which European regulators have investigated. Microsoft has said it has worked to address rivals' concerns. The European Commission, which serves as the EU's competition watchdog, is examining Microsoft's Entra ID software, previously known as Azure Active Directory...
Continue ReadingEuropean Union regulators are probing if Microsoft is preventing its customers from buying security software from its competitors, the Information reported on Tuesday, citing a document the EU sent to at least one rival in January. Regulators from the European Commission, which serves as the EU's competition watchdog, are examining Microsoft's Entra ID software, previously known as Azure Active Directory, the report said. Alphabet's Google Cloud on Monday ramped up its criticism of Microsoft's cloud computing practices, saying its rival is seeking a monopoly that would harm the development of emerging technologies such as generative artificial intelligence...
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