In this article GOOG Follow your favorite stocks CREATE FREE ACCOUNT Waymo robotaxi driven by a safety specialist is seen on Centre Street on April 9, 2026 in New York City. Michael M. Santiago | Getty Images Waymo is launching a new subscription tier called Waymo Premier, targeting avid users in some of the most popular markets for the robotaxi service. The Alphabet -owned company said in a blog ...
In this article GOOG Follow your favorite stocks CREATE FREE ACCOUNT Waymo robotaxi driven by a safety specialist is seen on Centre Street on April 9, 2026 in New York City. Michael M. Santiago | Getty Images Waymo is launching a new subscription tier called Waymo Premier, targeting avid users in some of the most popular markets for the robotaxi service. The Alphabet -owned company said in a blog post on Thursday that the plan will cost $29.99 per month, and is invite only to start for select riders in San Francisco, Los Angeles and Phoenix. Subscribers will get prioritized matching, up to five free cancellations per month and will earn 10% back in loyalty credits, or Waymo Cash, for each trip. "You spoke, and we listened to how we can offer an even more elevated experience for you, our top riders," the company said in the post. "For a monthly fee, members gain access to a suite of exclusive benefits designed to make their journey more seamless and rewarding." As Waymo plots an aggressive expansion plan, including to London later this year, the company is aiming to capitalize on its power users, particularly in markets where demand is highest. Subscriptions provide an added source of revenue, a key aspect to the business as it reels in outside capital and seeks to stay way ahead of nascent rivals Amazon Zoox and Tesla . In the first quarter, Alphabet's Other Bets segment, which includes Waymo, saw its loss widen to $2.1 billion from $1.22 billion a year earlier. Revenue in the segment dropped to $411 million from $450 million. Waymo said in February that it raised a $16 billion funding round that values the company at $126 billion, more than double the valuation in October 2024. Alphabet contributed to the financing, as did outside investors including Andreessen Horowitz, Fidelity and T. Rowe Price. —CNBC's Lora Kolodny contributed to this report. WATCH: Waymo unveils new rider loyalty program watch now VIDEO 1:24 01:24 Waymo unveils new rider loyalty program, 'Waym...
Zebra Capital Management's chairman and director of research, Roger Ibbotson, joins Yahoo Finance to explain some of his concerns surrounding SpaceX's (SPAX.PVT) initial public offering (IPO). Ibbotson is also a professor emeritus of finance at Yale University.
Zebra Capital Management's chairman and director of research, Roger Ibbotson, joins Yahoo Finance to explain some of his concerns surrounding SpaceX's (SPAX.PVT) initial public offering (IPO). Ibbotson is also a professor emeritus of finance at Yale University.
Dazman/E+ via Getty Images Hundreds of iron ore miner BHP's ( BHP ) electrical workers at Port Hedland , Australia's biggest iron ore export hub, voted in favor of strike action , two unions said Thursday. The Electrical Trades Union said ~100 members who voted all endorsed work stoppages ranging from 30 minutes to 24 hours, which could begin within days, and the Australian Manufacturing Workers...
Dazman/E+ via Getty Images Hundreds of iron ore miner BHP's ( BHP ) electrical workers at Port Hedland , Australia's biggest iron ore export hub, voted in favor of strike action , two unions said Thursday. The Electrical Trades Union said ~100 members who voted all endorsed work stoppages ranging from 30 minutes to 24 hours, which could begin within days, and the Australian Manufacturing Workers' Union said 89% of more than 100 members voted to support strike action. The votes follow several months of talks with BHP ( BHP ), with workers seeking improved pay and conditions. The ETU said it is seeking an agreement that ensures parity for workers at the port with the same skills and experience after they were hired on "wildly disparate" individual contracts. Strong contingency plans are in place to ensure operations can continue in the event of union disruptions, the company said. Port Hedland is one of the world's largest iron ore loading ports and is used for all of BHP's ( BHP ) iron ore exports from Western Australia. More on BHP Group BHP Group: Simandou Adds Pressure, But The Quality Case Still Holds BHP: Focusing On Long-Term Prospects, While Trading Short-Term Volatility (Rating Upgrade) BHP Group Presents at Bank of America Global Metals, Mining & Steel Conference 2026 - Slideshow
Cheng's comments come as Taiwan awaits approval on a $14 billion arms package from the U.S., and as uncertainty lingers over Washington's long-term commitment to the island's defense. (Image credit: I-HWA CHENG)
Cheng's comments come as Taiwan awaits approval on a $14 billion arms package from the U.S., and as uncertainty lingers over Washington's long-term commitment to the island's defense. (Image credit: I-HWA CHENG)
Intel Corp (NASDAQ:INTC, XETRA:INL) scored a double upgrade to Buy from Underperform by Bank of America, which raised its price objective to $135 from $96 on higher confidence in the chipmaker's ability to capitalize on growing opportunities in central processing units and contract...
Intel Corp (NASDAQ:INTC, XETRA:INL) scored a double upgrade to Buy from Underperform by Bank of America, which raised its price objective to $135 from $96 on higher confidence in the chipmaker's ability to capitalize on growing opportunities in central processing units and contract...
Despite concerns about an overheated market and dot-com era bubble, momentum supporting AI infrastructure investments remains strongDENVER, June 11, 2026 (GLOBE NEWSWIRE) -- AI-related capital expenditures continue to skyrocket as Amazon, Microsoft, Meta and Google race to build next-generation digital technologies. U.S. hyperscalers spent an estimated $400 billion in 2025 and expectations are tha...
Despite concerns about an overheated market and dot-com era bubble, momentum supporting AI infrastructure investments remains strongDENVER, June 11, 2026 (GLOBE NEWSWIRE) -- AI-related capital expenditures continue to skyrocket as Amazon, Microsoft, Meta and Google race to build next-generation digital technologies. U.S. hyperscalers spent an estimated $400 billion in 2025 and expectations are that spending could approach $700 billion this year. Beyond boosting U.S. GPD, massive investments in A
Oracle shareholders are taking it on the chin Thursday, as the company's plan to raise more money to fund the AI buildout is overshadowing better-than-expected quarterly results. But, from our vantage point as investors in chipmakers and other picks-and-shovels AI players, Oracle had plenty of good things to say about the demand for AI computing. Oracle beat expectations on the top and bottom line...
Oracle shareholders are taking it on the chin Thursday, as the company's plan to raise more money to fund the AI buildout is overshadowing better-than-expected quarterly results. But, from our vantage point as investors in chipmakers and other picks-and-shovels AI players, Oracle had plenty of good things to say about the demand for AI computing. Oracle beat expectations on the top and bottom line for the May quarter, while its remaining performance obligation — a measure of contracted revenues that have yet to be recognized — increased a whopping 363% year over year, to $638 billion. RPO is a key metric for companies selling long-term contracts because it helps investors better understand the demand profile not only in the quarter, but further into the future. Most of the increase in RPO was due to large-scale AI contracts, according to Oracle. The company has a $300 billion, five-year partnership with OpenAI for computing power. In addition to RPO indicating that demand is clearly surging for AI infrastructure and cloud services, co-CEO Clay Magouyrk said, "AI infrastructure makes the existing cloud infrastructure market look small. Everything we see shows this market size is trillions of dollars per year." Magouyrk went on to say that Oracle delivered over 1.2 gigawatts of compute to customers throughout the entirety of its fiscal 2026, which ended in May. Now, the "pace of delivery continues to accelerate, with our FY 2027 Q1 delivery approaching 1 gigawatt, nearly the same capacity as we've delivered in the previous four quarters combined," he said. ORCL 1Y mountain Oracle's stock performance over the past 12 months. While the Club doesn't own Oracle, we love to sift through the calls of those our companies compete with to get a better understanding of supply and demand dynamics at the industry level. Oracle's commentary bodes well for the chipmakers — we own four in Nvidia , Broadcom , Intel and Arm Holdings , as well as semiconductor material supplier Qnity a...
Key PointsThe Vanguard Information Technology ETF offers a lower expense ratio of 0.09% compared to the 0.34% charged by the iShares Semiconductor ETF.
Key PointsThe Vanguard Information Technology ETF offers a lower expense ratio of 0.09% compared to the 0.34% charged by the iShares Semiconductor ETF.
Wages get taxed before they hit your account, raises rarely keep pace with shelter and grocery inflation, and a single layoff cycle can erase years of careful budgeting. Passive income from dividends sidesteps all of that. The cash arrives whether the market is green or red, whether you are at your desk or asleep, and ... Want $1,000 a Month in Dividends? Here’s How Much of This Stock You’d Need
Wages get taxed before they hit your account, raises rarely keep pace with shelter and grocery inflation, and a single layoff cycle can erase years of careful budgeting. Passive income from dividends sidesteps all of that. The cash arrives whether the market is green or red, whether you are at your desk or asleep, and ... Want $1,000 a Month in Dividends? Here’s How Much of This Stock You’d Need
CRDO's rapid growth faces customer concentration risks, but diversification into Neo clouds and broader clients could gradually rebalance its revenue mix.
CRDO's rapid growth faces customer concentration risks, but diversification into Neo clouds and broader clients could gradually rebalance its revenue mix.
Pontiff calls on leaders to treat migrants more humanely as he concludes week-long Spanish tour in Gran Canaria The constant flow of people embarking in small, rickety boats to migrate abroad should force a reckoning as to why we have built a world where so many “must risk death to seek life”, Pope Leo has said as he warned: “We cannot grow accustomed to counting the dead.” Thursday’s speech in th...
Pontiff calls on leaders to treat migrants more humanely as he concludes week-long Spanish tour in Gran Canaria The constant flow of people embarking in small, rickety boats to migrate abroad should force a reckoning as to why we have built a world where so many “must risk death to seek life”, Pope Leo has said as he warned: “We cannot grow accustomed to counting the dead.” Thursday’s speech in the Canary Islands, on the final leg of the pontiff’s week-long tour of Spain, contained Leo’s most pointed comments to date on migration. Continue reading...
BMO Capital Markets sees the S & P 500 continuing to rally, thanks to a robust macroeconomy and an even stronger earnings backdrop. In a report published Thursday, the Canadian bank raised its 2026 year-end target for the S & P 500 to 7,850. The new forecast would equate to an 8% rally in the broad market index, which closed at 7,266.99 on Wednesday. Stocks have faced a turbulent year so far, init...
BMO Capital Markets sees the S & P 500 continuing to rally, thanks to a robust macroeconomy and an even stronger earnings backdrop. In a report published Thursday, the Canadian bank raised its 2026 year-end target for the S & P 500 to 7,850. The new forecast would equate to an 8% rally in the broad market index, which closed at 7,266.99 on Wednesday. Stocks have faced a turbulent year so far, initially hitting multiple new record highs due to enthusiasm surrounding the artificial intelligence trade. However, diminished enthusiasm for AI and memory chip makers in the past few days has caused the technology sector — and stocks as a whole — to sell off. But BMO chief investment strategist Francois Trahan believes that the strong earnings story is enough to lift markets from current levels. Unprecedented earnings "Surely, the U.S. consumer is feeling stress from the affordability crisis, a point that dampens the otherwise amazing U.S. growth story," Trahan wrote. "Still, the robust earnings story is somewhat unprecedented and provides a phenomenal boost for stock prices," he said. "The earnings story is the 'tide that lifts all boats' and after all the stimulus in the pipeline, it's not that unusual. The scale is the rarity." Trahan added that it's highly unusual for S & P 500 forward earnings to clock in at the present rate of 29%. Earnings are also growing rapidly for mid-cap stocks, at 18%, and small-caps, at 24%. "In the history of forward earnings (back to 1980), we have only seen larger numbers when we were coming out of the financial crisis and earnings had been depressed, and again in the wake of the pandemic. We did not have a recession last cycle setting us up for unprecedented momentum — and it's broad-based," the strategist said. More worryingly, Trahan said that earnings growth this fast usually comes with inflation as a byproduct. On the plus side, he noted that it usually takes some time for inflationary pressures in the pipeline to affect the broader inf...
Higher-for-longer interest rates means over-leveraged companies are running out of ways to repay their borrowings ahead of a looming maturity wall, according to Brook Hinchman , a managing director at Oaktree Capital Management LP . More than $200 billion of high yield and leveraged loan debt is trading below 90 cents on the dollar and above 15% yield-to-maturity, much of it from buyout deals in 2...
Higher-for-longer interest rates means over-leveraged companies are running out of ways to repay their borrowings ahead of a looming maturity wall, according to Brook Hinchman , a managing director at Oaktree Capital Management LP . More than $200 billion of high yield and leveraged loan debt is trading below 90 cents on the dollar and above 15% yield-to-maturity, much of it from buyout deals in 2021 and 2022, Hinchman said on an Oaktree podcast . That’s “a very large amount,” he added. After interest rates rose, many struggling companies took on expensive debt, known as ‘payment-in-kind,’ to delay having to pay cash interest, or used restructurings called liability-management exercises to amend their borrowings. “There’s been a lot of kicking of the can as a result of LMEs and PIK,” as most of the loans are for six years, said Hinchman. “You’ve really kind of stretched as much as possible to delay the inevitable. But once you get to these hard maturities, we see that there is going to be a lot of opportunities.” Hinchman joins a number of investors cautioning about the maturity wave facing borrowers in the coming years. That includes Pacific Investment Management Co.’s Chief Investment Officer, Daniel Ivascyn , who warned that the first sustained default cycle in credit in many years has already begun. Read more: SVP’s Victor Khosla Sees a ‘Lot of Canaries in the Coal Mine’ Much of the concern is around software lending after the emergence of artificial intelligence. Citigroup Inc. ’s Michael Anderson and Steph Choe wrote earlier this year that a third of technology company issuers with debt maturing in 2028 haven’t been able to demonstrate that they have access to capital markets for many years. Those companies will likely start trying to refinance the debt from the second half of this year, they wrote. Read more: Private Markets’ Software Pain Is About to Get a Lot Worse Similar problems could emerge in private credit, an industry which Hinchman said did over-lev...