Author: Press Room
Uber Technologies and General Motors’ Cruise have agreed to a multi-year partnership, under which the embattled autonomous vehicle company plans to offer driverless rides to Uber users as soon as next year.The Thursday announcement comes as Cruise attempts to revive its robotaxi business after the company ceased operations following an October 2023 incident in which a pedestrian in San Francisco was dragged 20 feet by a driverless Cruise vehicle after she was first struck by a human driver in another car.State and federal regulators have investigated the incident, which led to an exodus of Cruise leaders including CEO and co-founder…
Nestle is replacing Chief Executive Mark Schneider with long-serving executive Laurent Freixe, the company said on Thursday, a big change at the world’s biggest foodmaker which has struggled with the cost of living crisis hitting customers. Schneider has decided to relinquish his roles as CEO and member of the Board of Directors after eight years leading the company, Nestle said. Nestle has struggled recently, last month cutting its full year sales outlook, saying it had had to slow its price hikes as cash-strapped customers become more price conscious. Shares at the maker of KitKat chocolate bars and Nestle instant coffee have fallen 8% in 2024, underperforming rivals like…
Synopsys, Inc. (NASDAQ:SNPS) Q3 2024 Earnings Call Transcript August 21, 2024 5:00 PM ET Company Participants Trey Campbell – SVP, IRSassine Ghazi – President and CEOShelagh Glaser – CFO Conference Call Participants Harlan Sur – JPMorganVivek Arya – Bank of AmericaJoe Vruwink – BairdJason Celino – KeyBancLee Simpson – Morgan StanleyRuben Roy – StifelCharles Shi – Needham & CompanyJoshua Tilton – Wolfe ResearchJay Vleeschhouwer – Griffin Securities Operator Ladies and gentlemen, welcome to the Synopsys Earnings Conference Call for the Third Quarter Fiscal Year 2024. At this time, all participants are in a listen-only mode. Later, we will conduct a…
Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.OpenAI has hit out at a California bill aiming to ensure powerful artificial intelligence is deployed safely and suggested that new controls would threaten its growth in the state, joining a last-minute lobbying frenzy by investors and AI groups to block the legislation. The bill, SB 1047, threatens “California’s unique status as the global leader in AI,” the company’s chief strategy officer Jason Kwon wrote in a letter to Scott Wiener, the California state senator spearheading the bill. It could “slow the…
Former President Donald Trump falsely claimed Wednesday that his Democratic opponent in the presidential election, Vice President Kamala Harris, met with Russian President Vladimir Putin just days before Russia invaded Ukraine in 2022. Trump said in a speech in North Carolina: “Remember when Biden sent Kamala to Europe to stop the war in Ukraine. She met with Putin, and then three days later, he attacked. How did she do? Do you think she did a good job? She met with Putin to tell him, ‘Don’t do it.’ And three days later, he attacked; that’s when the attack started. Did you…
A smart use of any retirement savings you’ve set aside in Roth IRAs and/or Roth 401k accounts can help you reduce the income taxes you’ll pay during retirement and also boost your wealth for future needs and goals. This post looks at three possible ways to strategically use your Roth accounts during your retirement to make the most of your retirement savings. First, let’s learn some basic rules you need to know to understand these strategies. Basic Rules About Roth Accounts Anyone can contribute to a Roth IRA, provided you meet the eligibility rules summarized later in this post. You…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.490% as of August 9, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.625%, which is also unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…
Federal Reserve officials at their July meeting moved closer to a long-awaited interest rate reduction, but stopped short while indicating that a September cut had grown increasingly probable, minutes released Wednesday showed.”The vast majority” of participants at the July 30-31 meeting “observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting,” the summary said.Markets are fully pricing in a September cut, which would be the first since the emergency easing in the early days of the Covid crisis.While all voters on the rate-setting Federal Open Market Committee voted…
There’s a lot of debate about how much signal to take from the 818,000 downward revisions to U.S. payrolls — the largest since 2009. Is it signaling recession?A few facts worth considering:By the time the 2009 revisions came out (824,000 jobs were overstated), the National Bureau of Economic Research had already declared a recession six months earlier.Jobless claims, a contemporaneous data source, had surged north of 650,000, and the insured unemployment rate had peaked at 5% that very month.GDP as reported at the time had already been negative for four straight quarters. (It would subsequently be revised higher in the…
When Vice President Kamala Harris selected Minnesota Gov. Tim Walz as her running mate, the national spotlight fell on the North Star State. Upper Midwest culture and cuisine turned into lighthearted talking points for the talking heads: the long-winded “Minnesota Goodbyes”; the duality of “Minnesota Nice”; and the prevalence of pop, tater tot hotdishes and Ju(i)cy Lucys (that’s soda, casseroles, and variantly spelled cheese-filled burgers for those who have yet to visit). Heck, even Sweet Martha’s overflowing pail of cookies (a State Fair staple) got a shout-out on “The Daily Show.” All the Minnesota niceties aside, Walz’s elevation means his…
