Some of the biggest drivers of the ongoing market rally that began early last year are the advances in artificial intelligence (AI). These next-generation algorithms and the semiconductors that power them could spark a wave of increased productivity.The potential to profit from these advances has fueled rapid adoption of AI, which has sent purchases of semiconductors soaring. However, the chip industry could be among the first to feel the impact of the just-announced dockworkers’ strike.With that as a backdrop, AI chip specialist Nvidia (NASDAQ: NVDA) slumped 3.9%, memory and storage chipmaker Micron Technology (NASDAQ: MU) tumbled 3.9%, semiconductor specialist Broadcom…
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General Motors saw a slight improvement in sales for the third quarter, driven by rising demand for electric vehicles (EVs) and small crossovers. Despite a 2.2% year-over-year decline, GM sold 659,601 vehicles, which was better than industry forecasts from Cox Automotive and Edmunds, who had predicted a larger drop of more than 3%. This decrease aligns with industry trends, as analysts estimate a roughly 2% dip in auto sales across the board compared to the same period last year. However, GM’s third-quarter performance was boosted by a 60% increase in EV sales year-over-year, totaling around 32,100 units. Even though EVs…
Image source: Olaf Kraak via Shell plc Last month, Shell (LSE:SHEL) was one of the worst performing FTSE 100 stocks. The Shell share price fell by 9.55%, pushing it down to 2,419p. Given that the 52-week lows aren’t that far away at 2,345p, value investors will likely be starting to get very interested. Here’s why the stock fell so heavily during the month. A slippery slope One of the large impacts was the fall in the oil price. The West Texas Intermediate crude oil benchmark price fell by 10.2% during September. This was due to factors including oversupply and weak…
Whenever Skoda launches a new model, I always find myself looking for the brand’s signature “Simply Clever” features—those small, thoughtful innovations that genuinely enhance ownership. These are far from just marketing gimmicks; many of them are actually very practical. The new Elroq is packed with such features, but one in particular stands out: a tire wear gauge that doubles as an ice scraper. Now, some Europeans might point out that this is not entirely new, as Skoda has included this tool for a few years now. In fact, I have it in my 2017 Octavia. However, in the Elroq, Skoda…
Humana is also supporting its members across the affected areas by providing simplified access to medical and emergency prescription information, as well as opening a crisis hotline with free counseling available. LOUISVILLE, Ky.–(BUSINESS WIRE)–The Humana Foundation, the philanthropic arm of Humana Inc . (NYSE: NYSE:), is donating $1 million towards relief and recovery efforts for those impacted by Hurricane Helene. Humana has also taken steps to aid members and communities in the storm’s path, including providing simplified access to medical and emergency prescription information, and opening a crisis hotline with free counseling available. Hurricane Helene made landfall along Florida’s Big…
Suspension technology in the 1980s was nowhere near as advanced as it is today. Thanks to the capabilities of modern computers and precision machining, engineers can now create shocks and springs of far higher quality than anyone could have imagined even two decades ago. This is why KW’s new V3 coilover kit for the Ferrari Testarossa is so exciting. The KW V3 Classic coilover suspension kit marks the first time KW has offered such a kit for a classic Ferrari. Until now, the German company only provided suspension kits for modern Ferrari models. If you owned a vintage Ferrari, you…
Consumer and business sentiment affect everything from momentum in stock markets, to elections, to purchasing decisions. But what factors drive consumer and business sentiment? To answer that question, we looked at measures of sentiment — also known as confidence — and their underlying determinants going back to the 1980s. We found that the factors that have historically accurately signaled the direction of sentiment are no longer reliable. We examined the University of Michigan Consumer Sentiment Index (UMCSENT), the Consumer Confidence Index (CCI), and the Business Confidence Index (BCI). We then pulled data on various macro factors. These included unemployment, interest…
Image source: Getty Images Over the past week, Anglo American (LSE:AAL) shares have popped by 14.44%. The move higher has erased all of stock’s losses from the last year, meaning that the FTSE 100 share is now up 7% over this time period. Given the size of the move in such a short time, it’s important for me to understand what’s driving this. Commodity prices jumping Anglo American is a global mining company, with large scale production of platinum, copper, nickel, iron ore, and more. Part of what drives revenue for the business is the sales price of the commodities.…
Four-part docuseries delves into the stories of five emerging Black artists as they navigate the nuances of the industry and their journey towards creating a captivating exhibitionAvailable now on Black Experience on Xfinity on X1, Flex (NASDAQ:), and Xumo PlayWatch the Trailer Here PHILADELPHIA–(BUSINESS WIRE)–Today, Comcast celebrates Black Fine Art Month (October) with the premiere of Who’s Behind Black Art, a four-part docuseries that explores the lives of five emerging artists navigating the industry and their journey to create a unique exhibition. This award-winning series is available now on Comcast’s Black Experience on Xfinity channel and the Xumo Play free…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.Charlie Munger’s comments on stock portfolio diversification have made waves in the investing world for decades. The late legendary investor repeatedly said that diversification is for “idiots” who don’t know what they are doing.During a shareholder meeting in 2019, while answering a question, Munger said:”The idea of diversification makes sense to a point – if you don’t know what you’re doing. If you want the standard result and don’t want to end up embarrassed, then of course, you should widely diversify. But nobody is…