A used car dealership is seen in Annapolis, Maryland on May 27, 2021, as many car dealerships across the country are running low on new vehicles as a computer chip shortage has caused production at many vehicle manufactures to nearly stop. Jim Watson | AFP | Getty Images Prices of used vehicles are continuing to rise amid relatively tight supplies, according to a closely watched automotive industr...
A used car dealership is seen in Annapolis, Maryland on May 27, 2021, as many car dealerships across the country are running low on new vehicles as a computer chip shortage has caused production at many vehicle manufactures to nearly stop. Jim Watson | AFP | Getty Images Prices of used vehicles are continuing to rise amid relatively tight supplies, according to a closely watched automotive industry barometer. Cox Automotive's Manheim Used Vehicle Value Index — which tracks prices of used vehicles sold at its U.S. wholesale auctions — increased 6.2% last month compared with a year earlier. The index also hit its highest level since the summer of 2023, the company said Tuesday. Demand for used vehicles remains strong despite geopolitical tensions, high gas prices and the Iran war , according to auction data from Manheim. "We thought we'd see some impact from the Middle East conflict, and that may still happen. But right now, the data is clear: used-vehicle demand is healthy and inventory levels are relatively tight," Cox Automotive chief economist Jeremy Robb said in a release. Cox reports days' supply for used vehicles — a highly important segment for dealers and consumers — fell below 40 days in March. That marks the lowest point in 2026 and is down from year-ago levels. Retail prices for consumers traditionally follow changes in wholesale prices, but they have not fallen as quickly as wholesale prices in recent years. This is breaking news. Please check back for additional updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Uber is using Amazon's custom chips to speed up computing and train artificial intelligence models, the cloud giant said on Tuesday, as the ride-hailing firm seeks advanced hardware to handle growing digital workloads. The deal expands the companies' existing cloud partnership by enabling Uber to use Amazon Web Services' Graviton chips to support smoother rides and deliveries and Trainium...
Uber is using Amazon's custom chips to speed up computing and train artificial intelligence models, the cloud giant said on Tuesday, as the ride-hailing firm seeks advanced hardware to handle growing digital workloads. The deal expands the companies' existing cloud partnership by enabling Uber to use Amazon Web Services' Graviton chips to support smoother rides and deliveries and Trainium processors to train AI models that power its apps. Uber is working to optimize its digital interface, accelerate ride-matching and personalize user experiences to attract users and gain a competitive edge.
Lawmakers led by Elizabeth Warren in scathing letter say system used to track detainees ‘increasingly unreliable’ A group of 36 lawmakers says the Department of Homeland Security (DHS) has created “disappearances” on US soil, due to the “increasingly unreliable” online system used to track people detained by immigration authorities, according to a letter shared with the Guardian. The lawmakers, le...
Lawmakers led by Elizabeth Warren in scathing letter say system used to track detainees ‘increasingly unreliable’ A group of 36 lawmakers says the Department of Homeland Security (DHS) has created “disappearances” on US soil, due to the “increasingly unreliable” online system used to track people detained by immigration authorities, according to a letter shared with the Guardian. The lawmakers, led by Senators Elizabeth Warren, are urging that the DHS inspector general’s office open an investigation into the Immigration and Customs Enforcement (ICE) “online detainee locator system” (ODLS), which has been used for years by family members, attorneys and journalists to track people in the federal immigration detention system. Continue reading...
It sends us to sleep and wakes us in the night, excites us and depresses us, gives us confidence one moment, anxiety the next. How does this messy drug wield so much power? Whatever you think of alcohol, you have to admit that it’s versatile. Ever since the first humans started smashing up fruit and leaving it in pots to chug a few days later, we’ve been relying on it to celebrate and commiserate,...
It sends us to sleep and wakes us in the night, excites us and depresses us, gives us confidence one moment, anxiety the next. How does this messy drug wield so much power? Whatever you think of alcohol, you have to admit that it’s versatile. Ever since the first humans started smashing up fruit and leaving it in pots to chug a few days later, we’ve been relying on it to celebrate and commiserate, to deal with anxiety and to make us more creative. We use it to build confidence and kill boredom, to get us in the mood for going out and to put us to (nonoptimal) sleep. Where most mind-altering substances have one or two specific use-cases, alcohol does the lot. That’s probably why it’s been so ubiquitous throughout human history – and why it can be so hard to give up entirely. “We often call alcohol pharmacologically promiscuous,” says Dr Rayyan Zafar, a neuropsychopharmacologist from Imperial College London. “It doesn’t just calm you: it can stimulate reward pathways, dampen threat signals, release endogenous opioids that can relieve pain or stress, alter decision-making and shift mood, all at the same time.” Continue reading...
Welcome to Next Africa, a daily newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email. In today’s edition, we look at: A new elite taking over in Zimbabwe Nigeria doubling crude supply to its top oil refinery And where Nigerians could consider investing 100 million naira A New Era For decades after independence in 1980, Zimbabwe’s cap...
Welcome to Next Africa, a daily newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email. In today’s edition, we look at: A new elite taking over in Zimbabwe Nigeria doubling crude supply to its top oil refinery And where Nigerians could consider investing 100 million naira A New Era For decades after independence in 1980, Zimbabwe’s capital retained much of its character as an outpost of the British empire. Growing up in Harare under the rule of anti-imperialist firebrand Robert Mugabe, I drove through streets named after English and Scottish towns and villages and went to a government high school named after British wartime Prime Minister Winston Churchill. Every year on Battle of Britain Day, the last remaining Spitfire fighter plane in the country roared over the school to commemorate the occasion. Now, after the infrastructural decay wrought by years of neglect under Mugabe and his successor, Emmerson Mnangagwa, the face of the city is finally beginning to change. Wealthy Chinese immigrants, drawn to the country by abundant lithium and gold deposits, are driving a real estate boom and opening Chinese supermarkets, restaurants and casinos. Mansions are being snapped up for as much as $2 million, with investors paying for them with suitcases of cash. Real estate agents are erecting billboards written in Mandarin and learning the language. The replacement of one section of the elite — the now aging but moneyed class of mainly White British immigrants — with another is ruffling some feathers, with complaints about disregard for some of the norms that became established during colonial rule. But it’s a sign of how the country and Africa is changing. In 1997, the UK was Zimbabwe’s biggest trade partner. Today it’s ninth, while China and South Africa vie for the top spot, with the Asian economic giant dominating trade in the sub-Saharan region. It’s a lifeline for a country that’s suffered recurrent economic...
Erik Isakson/DigitalVision via Getty Images Advanced Micro Devices, Inc. ( AMD ) has doubled in 12 months, and many investors think the easy money has already been made. I disagree, as the stock moved on the momentum of the MI300x and a data center business that went from an afterthought to a potential contender. Today, the biggest catalyst on AMD’s roadmap hasn’t even shipped yet, as it’s set to ...
Erik Isakson/DigitalVision via Getty Images Advanced Micro Devices, Inc. ( AMD ) has doubled in 12 months, and many investors think the easy money has already been made. I disagree, as the stock moved on the momentum of the MI300x and a data center business that went from an afterthought to a potential contender. Today, the biggest catalyst on AMD’s roadmap hasn’t even shipped yet, as it’s set to arrive in the second half of this year. If it lands the way it appears it can, today's share prices are going to look like a bargain in hindsight. For that reason, and everything outlined in this analysis, my Strong Buy rating on AMD remains in place. Where does AMD stock stand today? Seeking Alpha Before we get into the meat of this, it’s important to see where it currently is, as that helps foresee where it could potentially go from there. At the time of this publication, AMD stock trades at $220.18 per share. Year to date, the stock has risen just 2.81%. That’s not as strong by semiconductor standards and somewhat undersells the bigger picture, but this performance also accounts for the selloff that started in late 2025, in which almost all tech companies have been affected. Even so, over the past 12 months, AMD stock is still up >163% to shareholders, so the long-term picture still holds up. That said, AMD stock has dropped almost 10% since the last earnings report, and it’s only now starting to claw back. The selloff was worth paying attention to, given that AMD beat on major metrics in the fourth quarter of 2025. Revenue and earnings per share all came in above what the street had expected, yet, for some reason, the stock still went down. After a closer look, macroeconomic factors aside, what drove the selloff was potentially management’s own guidance. The next quarter’s revenue (Q1 ’26) is expected to come in at roughly $9.8 billion , which implies a 5% sequential drop from the fourth quarter’s top-line figures. Clearly, for a stock that had doubled through a non-sto...
Erik Isakson/DigitalVision via Getty Images Advanced Micro Devices, Inc. ( AMD ) has doubled in 12 months, and many investors think the easy money has already been made. I disagree, as the stock moved on the momentum of the MI300x and a data center business that went from an afterthought to a potential contender. Today, the biggest catalyst on AMD’s roadmap hasn’t even shipped yet, as it’s set to ...
Erik Isakson/DigitalVision via Getty Images Advanced Micro Devices, Inc. ( AMD ) has doubled in 12 months, and many investors think the easy money has already been made. I disagree, as the stock moved on the momentum of the MI300x and a data center business that went from an afterthought to a potential contender. Today, the biggest catalyst on AMD’s roadmap hasn’t even shipped yet, as it’s set to arrive in the second half of this year. If it lands the way it appears it can, today's share prices are going to look like a bargain in hindsight. For that reason, and everything outlined in this analysis, my Strong Buy rating on AMD remains in place. Where does AMD stock stand today? Seeking Alpha Before we get into the meat of this, it’s important to see where it currently is, as that helps foresee where it could potentially go from there. At the time of this publication, AMD stock trades at $220.18 per share. Year to date, the stock has risen just 2.81%. That’s not as strong by semiconductor standards and somewhat undersells the bigger picture, but this performance also accounts for the selloff that started in late 2025, in which almost all tech companies have been affected. Even so, over the past 12 months, AMD stock is still up >163% to shareholders, so the long-term picture still holds up. That said, AMD stock has dropped almost 10% since the last earnings report, and it’s only now starting to claw back. The selloff was worth paying attention to, given that AMD beat on major metrics in the fourth quarter of 2025. Revenue and earnings per share all came in above what the street had expected, yet, for some reason, the stock still went down. After a closer look, macroeconomic factors aside, what drove the selloff was potentially management’s own guidance. The next quarter’s revenue (Q1 ’26) is expected to come in at roughly $9.8 billion , which implies a 5% sequential drop from the fourth quarter’s top-line figures. Clearly, for a stock that had doubled through a non-sto...
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up . With five days until elections in Hungary, Prime Minister Viktor Orban is hoping that the visit of US Vice President JD Vance to Budapest today can turn things around. Polls suggest that the Hungarian leader faces an uphill battle to ...
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up . With five days until elections in Hungary, Prime Minister Viktor Orban is hoping that the visit of US Vice President JD Vance to Budapest today can turn things around. Polls suggest that the Hungarian leader faces an uphill battle to extend his 16-year stint in power, with his Fidesz party trailing Peter Magyar’s Tisza party. At a press conference this lunchtime, Vance lauded Orban as one of the only leaders prepared to defend Western civilization, arguing that his leadership should be “a model” for the rest of Europe. The vice president hit out at the European Union, accusing the “bureaucrats of Brussels” of doing “everything they can to hold down the leader of Hungary because they don’t like the leader.” Echoing Orban’s talking points, he also accused the EU of electoral interference in Hungary’s election, taking aim at the bloc’s digital regulation. “The bureaucrats in Brussels have tried to destroy the economy of Hungary,” he said. Vance, who will appear alongside Orban at a pre-election rally later today, also praised the Hungarian prime minister’s stance on the Russia-Ukraine war. Orban said that if President Trump had been in power, “there would not be a war now” in Ukraine, accusing Brussels of blocking Trump’s peace efforts. His comments come hours after the scale of Orban’s affinity with Russian President Vladimir Putin was laid bare in a recording of a call between the two leaders in October reviewed by Bloomberg . “Yesterday our friendship rose to such a high level that I can help in any way,” Orban said, according to a Hungarian government transcript of the call, which discussed the possibility of Hungary hosting a possible Russia–US summit. “In any matter where I can be of assistance, I am at your service.” Also today, Hungary will announce an agreement to purchase oil from the US, a sign ...
Kreativorks/iStock via Getty Images A test aircraft tied to a U.S. Air Force program encountered an incident shortly after takeoff Monday at a privately operated airfield in the California desert, according to a statement from General Atomics Aeronautical Systems on Monday . YFQ-42A (General Atomics Aeronautical Systems) The aircraft, identified as a YFQ-42A Collaborative Combat Aircraft test plat...
Kreativorks/iStock via Getty Images A test aircraft tied to a U.S. Air Force program encountered an incident shortly after takeoff Monday at a privately operated airfield in the California desert, according to a statement from General Atomics Aeronautical Systems on Monday . YFQ-42A (General Atomics Aeronautical Systems) The aircraft, identified as a YFQ-42A Collaborative Combat Aircraft test platform, experienced what the company described as a mishap around 1 p.m. Pacific time. No injuries were reported. Flight testing has been temporarily halted while the company evaluates the aircraft and begins an investigation into what caused the event. Officials said it is too early to determine the circumstances and that the immediate focus is on collecting data and conducting a formal review. The YFQ-42A is part of a broader effort by the U.S. Air Force to develop what it calls collaborative combat aircraft, a class of semi-autonomous systems designed to operate alongside crewed fighter jets. Multiple production-representative units are currently undergoing testing as part of a risk-reduction and technical development phase. These aircraft are routinely flown at company-controlled sites as part of ongoing evaluation programs. Testing is expected to resume once the investigation reaches a point where operations can safely continue. A company spokesperson said existing safety protocols functioned as intended during the incident, emphasizing that there were no injuries. He added that the company plans to conduct a detailed review of the event and will rely on the findings to determine next steps. More news and analysis Lantheus Holdings: Tensions From The PDUFA Extension Apple Before Q2: Weaponizing Memory Shortages And The Globalstar Acquisition Emerging Asia (Ex China) Government Bonds Monthly Trump warns 'a whole civilization will die tonight' if Iran doesn't make a deal 4 stocks to watch on Tuesday: DE, ARM, TSLA, and AVGO
Qualcomm (QCOM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
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Lilly (LLY) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.