Yahoo Finance Utilities’ Cinderella Story Is Just Getting Started
Artificial intelligence has kindled investors’ interest in a once-sleepy sector. The growth is just getting started, Patti Domm writes in a guest commentary.
Artificial intelligence has kindled investors’ interest in a once-sleepy sector. The growth is just getting started, Patti Domm writes in a guest commentary.
Sales of electric vehicles (EVs) plunged across Europe last month, fuelled by a sharp drop-off in demand in Germany.
MADRID (Reuters) -China's dumping probe into EU pork imports following duties slapped on Chinese EVs caught Spain's pig farmers on the hop this week, but the sector has shown it is resilient and is far less vulnerable than the bloc's car industry. Spain supplied 22% of China's imported pork in 2023, worth 1.2 billion euros ($1.29 billion), and stands to lose more than any of the bloc's members from the probe into underpriced pork after the EU took aim at China's subsidised electric vehicle imports last week. "It was like a shock of cold water, we didn't expect it," said Giuseppe Aloisio, general director of the National Association of Spanish Meat Industries (ANICE).
When Stuart Forrester and his wife founded their business and marketing consultancy in 2006, they turned to an unlikely place to source new recruits: the school playground.
Over 80% of Chinese vehicle firms are less confident about investing in Europe in the near-term, reports a China Chamber of Commerce to the EU survey.
AI will “profoundly change money,” Citigroup says, and create plenty of “losers” along the way.
Hewlett Packard Enterprise (HPE) announced a new partnership with chip giant Nvidia (NVDA) at its HPE Discover 2024 event in Las Vegas this week, where the former unveiled its "Nvidia AI Computing by HPE" portfolio of AI products. Among these new offerings is the HPE Private Cloud AI. HPE CEO Antonio Neri joins Yahoo Finance's Josh Lipton and Yasmin Khorram "And the core of that, we really focus on the enterprise segment of the market, because when you think about AI, there is the model builders and the hyperscalers, you have the sovereign clouds, and the enterprise," Neri says. "Obviously, we've already seen tremendous traction on the model builder side and the hyperscalers, but we focus on enterprise. And at the core of that is how we deliver a simple AI solution to consume on-premises." Neri was joined onstage by Nvidia CEO Jensen Huang to announce this partnership at Neri's keynote address on Tuesday, June 18. Neri foresees the partnership to "accelerate that adoption" of HPE's enterprise services. Many consumers are still hesitant to engage with AI, which Neri assures he has greatly considered "the human focus" and concern about data security: "And so the point is that we built all of those guardrails into the offer itself. And we believe this is going to help customers feel more comfortable around this. But ultimately is the data-first approach. And we need to make sure that we protect our data." Neri also touches upon Hewlett Packard Enterprise's AI servers and what sets them apart from the rest of the industry. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
STORY: Boeing is closing in on a deal to buy back Spirit AeroSystems - a former subsidiary that plays a big role in making its jets. The U.S. aerospace giant wants to take it back as part of moves to improve quality control. The firm has been in the spotlight since a midair blowout on one of its 737 MAX jets revived concerns over the safety of its jets. Reaching agreement with arch-rival Airbus had been the big problem. The European company didn’t want Boeing owning factories that make major parts for some of its latest aircraft.However, sources say talks have made “good progress”, with a deal now seen possible before Airbus posts mid-year earnings in July. That could see it take control of key plants in North Carolina and Northern Ireland. Boeing spun off Spirit back in 2005. Now the exact timing of a buyback deal is unclear, though the sources said it could come within weeks. Besides the quality concerns, Boeing has also become worried about Spirit’s financial condition. It posted a net loss of $617 million in the first quarter, and burned through $444 million in cash - far more than analysts expected. There was no comment from Boeing on the latest reports, while Airbus would only say that discussions were taking place.
Two employees are suing the Walt Disney Company, saying the company moved their jobs from California to Florida, only for Disney to cancel the project and move them back, hurting them financially and emotionally.
Dr Pepper took the No 2 spot behind Coca-Cola last year. But the latest US sales figures don’t tell the whole story
Chinese car firms have asked Beijing to take "the most stringent measures" against the European Union after the bloc raised import tariffs on its electric vehicles (EV). An online media outlet under state broadcaster CCTV on Wednesday also made accusations of "snooping" into China's EV technology. The Yuyuantantian news outlet's social media account cited a closed-door meeting at China's Ministry of Commerce on Tuesday involving four Chinese and six European firms plus trade groups. Do you have
Oil prices rallied this week as U.S. crude and gasoline inventories fell just as hurricane season began and threatens to bring some supply offline.
Oil prices are expected to stay in the mid-$80 range this summer, but increasing supply and slowing demand will bring down prices next year, according to Citi analysts.
Germany's Vice Chancellor Robert Habeck will arrive in Beijing on Friday on a last-ditch mission to avoid a damaging trade war with China after the EU threatened to slap additional tariffs on electric cars.Germany's large and influential auto manufacturers are fearful of a trade war with Beijing that could rebound on their business activities in China.
Wolfspeed has delayed plans to build a $3 billion plant in Germany, highlighting the European Union's struggle to increase semiconductor production and reduce its reliance on Asian chips. The planned plant in the state of Saarland, which would make computer chips used in electric cars, has not been scrapped entirely and the company is still seeking funding, a spokesperson said. But, having cut capital spending following weakness in the European and U.S. EV markets, North Carolina-based Wolfspeed is now focused on ramping up production in New York, the spokesperson added.
‘Stop showing millionaires as if they were normal people with normal jobs and normal concerns,’ one fan wrote
STORY: Huawei says it has made breakthroughs in a number of fields, including artificial intelligence and operating systems.The Chinese tech giant made the claim Friday.It also said it had taken the company just 10 years to do what the U.S. and Europe took 30 years to achieve.The chairman of Huawei's Consumer Business Group, Richard Yu, was speaking at a three-day event for developers in China.He said the company's Harmony operating system was now available on more than 900 million devices, and had made major breakthroughs.He added Huawei's AI infrastructure was now the second most popular after Nvidia.Yu said operating systems and other software had been dominated by Europe and the U.S. for years.But he believes Huawei has an opportunity to overtake them.Data showed the firm's HarmonyOS phone operating system passed Apple's iOS in the first quarter of this year.That saw it become the second best-selling mobile operating system in China behind Android, with a 17% market share.
BEIJING (Reuters) -China may impose provisional anti-dumping measures on pork imports from the European Union as part of a year-long probe that began on June 17, its commerce ministry said on Thursday. China has opened an investigation into EU pork and its by-products, a step that appears mainly aimed at Spain, the Netherlands and Denmark, after the bloc imposed anti-subsidy duties on Chinese-made electric vehicles. "If, after preliminary investigation, it is determined that dumping has been established and has caused injury to domestic industry, provisional anti-dumping measures may be taken," He Yadong, a commerce ministry spokesperson, said in response to reporters' question about the probe.
Big changes are coming to retirement savings in 2025. The shifts in retirement planning come after Congress passed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) in 2019...
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Sales of new battery-electric cars in the European Union dropped 12% in May from a year earlier, led by a 30% plunge in Germany, data from Europe's auto industry body showed on Thursday. Germany, the bloc's largest electric vehicle (EV) market, in December brought an early end to subsidies for buying EVs as part of a last-minute 2024 budget deal. It has now seen a year-to-date 16% decline in EV sales, according to the European Automobile Manufacturers Association (ACEA).