When looking for huge long-term winners in the stock market, one of the simplest things to seek is a product or service solving a crucial issue -- or many issues. Driverless vehicles have the potential to greatly improve transportation safety -- when working properly at scale, which isn't the status quo -- and reduce traffic congestion. For consumers, they can improve mobility, productivity, and c...
When looking for huge long-term winners in the stock market, one of the simplest things to seek is a product or service solving a crucial issue -- or many issues. Driverless vehicles have the potential to greatly improve transportation safety -- when working properly at scale, which isn't the status quo -- and reduce traffic congestion. For consumers, they can improve mobility, productivity, and convenience for non-drivers, and there are economic advantages for robotaxis and for transporting goods and services. There is a long list of companies developing driverless vehicles, but Uber Technologies (UBER 1.95%) might be the most brilliant. Here's why. A plethora of partnerships Uber has taken an interesting approach to tackling the challenges presented by driverless vehicles. Some automakers -- Tesla and Rivian among others -- have developed their own advanced vehicles and driverless technology alongside it. But Uber doesn't want to own the vehicle portion of the equation. Its driverless-vehicle strategy is brilliant in a way because it avoids a capital-intensive and higher-risk development in-house, using a platform-as-a-service model instead. The company is focusing on being a leading aggregator of driverless vehicles, rather than the manufacturer, so that it can leverage its existing global network, consumer base, and data to develop and commercialize major partnerships. As of March, Uber has over 20 active driverless-vehicle partnerships. You read that correctly: 20 active partnerships. The list includes huge companies in the manufacturing sector, such as Stellantis; the technology field (Nvidia); or a combination of the two, with Amazon's Zoox and Alphabet's Waymo. Expand NYSE : UBER Uber Technologies Today's Change ( -1.95 %) $ -1.47 Current Price $ 73.88 Key Data Points Market Cap $152B Day's Range $ 73.04 - $ 75.35 52wk Range $ 60.63 - $ 101.99 Volume 525K Avg Vol 20M Gross Margin 32.89 % Not only does this strategy avoid the manufacturing of vehicles, it als...
Key Points SoFi’s management team continues to expand the company’s offerings, which has brought in new customers. Earnings continue to impress, with adjusted net income forecast to rise 63% in 2025. The stock’s valuation has climbed, but SoFi could still beat the market between now and 2030. 10 stocks we like better than SoFi Technologies › SoFi Technologies (NASDAQ: SOFI) hasn't had a long run i...
Key Points SoFi’s management team continues to expand the company’s offerings, which has brought in new customers. Earnings continue to impress, with adjusted net income forecast to rise 63% in 2025. The stock’s valuation has climbed, but SoFi could still beat the market between now and 2030. 10 stocks we like better than SoFi Technologies › SoFi Technologies (NASDAQ: SOFI) hasn't had a long run in the public markets. But it's definitely getting the attention of the market. While shares have been extremely volatile at certain times, they have boosted portfolio returns. In the past year, they have skyrocketed an astonishing 235% (as of Aug. 28). This fintech stock trades near its all-time high these days. Investors can no longer ignore this booming business, as it deserves consideration. But a long-term mindset is still required. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Where will SoFi be five years from now, in 2030? SoFi's momentum is hard to ignore You wouldn't be able to tell from SoFi's latest financial results that the U.S. is dealing with general economic uncertainty. This digital bank is growing quickly, with momentum picking up. Revenue increased 43% in Q2 (ended June 30), accelerating from the pace in the first quarter. In fact, SoFi's revenue of $855 million last quarter was 136% higher than in the same period three years ago. SoFi now has 11.7 million customers. Exactly three years ago, it had 4.3 million. That monster gain demonstrates just how popular SoFi's products and services are. The company offers checking and savings accounts, brokerage services, insurance, and various loans, among other things. By building its business with technology, data, and a digital-only model in mind, SoFi has been able to scale up quickly, as it prioritizes giving its customers an exceptional user experience. Innovation is part of management's strategy to keep focusing on what i...
The Woman’s Hour host, who has died aged 75, could talk about hydrangeas, campaign against domestic abuse, then tear a strip off a politician – all within a few minutes Before she took over Woman’s Hour in 1987, Jenni Murray was a presenter on the Today programme. She had joined the BBC in Bristol in 1973, and became a TV reporter and presenter for South Today, so arrived with solid news credentia...
The Woman’s Hour host, who has died aged 75, could talk about hydrangeas, campaign against domestic abuse, then tear a strip off a politician – all within a few minutes Before she took over Woman’s Hour in 1987, Jenni Murray was a presenter on the Today programme. She had joined the BBC in Bristol in 1973, and became a TV reporter and presenter for South Today, so arrived with solid news credentials. But Today in the 80s was inveterately sexist – the guys took the politics, the women mopped up the rest – that the format was just too small for her. Woman’s Hour, on the other hand, was absolutely reshaped in her image: there was no preconception of tone, and nothing was too serious or too light for it. Murray, who has died at the age of 75, could tear a strip off a politician, talk about hydrangeas, then campaign against domestic abuse, all within a few minutes. She was instinctively open and generous about her personal experience, but never solipsistic – an incredibly fine balance. Continue reading...
Former Federal Reserve Vice Chair for Supervision Randal Quarles says that the uncertainty from war could hit the economy sooner than we think. He cautions that business investment is liable to fall because of a volatile and uncertain environment. (Source: Bloomberg)
Former Federal Reserve Vice Chair for Supervision Randal Quarles says that the uncertainty from war could hit the economy sooner than we think. He cautions that business investment is liable to fall because of a volatile and uncertain environment. (Source: Bloomberg)
There's a host of stocks that are too attractive to ignore, Bank of America says. The investment bank says companies such as Meta Platforms have plenty more room to run, even in the face of macroeconomic uncertainty. Other buy-rated names screened by CNBC Pro from Bank of America include: Bob's Discount Furniture , Coca-Cola Andina , Blackrock and Boot Barn Holdings . Coca-Cola Andina The Latin Am...
There's a host of stocks that are too attractive to ignore, Bank of America says. The investment bank says companies such as Meta Platforms have plenty more room to run, even in the face of macroeconomic uncertainty. Other buy-rated names screened by CNBC Pro from Bank of America include: Bob's Discount Furniture , Coca-Cola Andina , Blackrock and Boot Barn Holdings . Coca-Cola Andina The Latin American Coca-Cola bottling and packaging company is firing on all cylinders, according to the bank. Analyst Fernando Olvera recently upgraded the stock to buy from neutral and said Coca-Cola Andina is too compelling to ignore. "We see this as an attractive entry point with an improved risk-reward profile," he wrote, advising clients to buy the dip. In particular, Bank of America likes the company's robust free-cash flow and its exposure to emerging markets. "We are positive on Andina. Its operating strength should be supported by volume improvements across markets, price/mix gains and stable costs, supporting strong free cash flow to fund dividends," he said. The Class A sponsored ADRs are up 41% over the past 12 months and yield 3.4%, FactSet data shows. Boot Barn Buy the dip in the western-themed footwear company, analyst Christopher Nardone says. "Structural drivers including exclusive brand mix, buying economies of scale and higher full price selling remain intact," he said. The bank did lower its price target to $224 per share from $240, but said the stock remains too compelling to ignore. In addition, Nardone doesn't see the Middle East war interfering with the stock's upside. "Yes, there is increased macro uncertainty with the war and higher gas prices, but oil/gas worker unemployment rates remain low, and we believe this is the more important data point given BOOT's exposure to the 'Work' segment," he said. The stock is up almost 50% over the past 12 months. Bob's Discount Furniture Bob's is also firing on all cylinders, as evidenced by the company's earnings report ...
US military to adopt Palantir AI as core system US military to adopt Palantir AI as core system + ↺ − 16 px The Pentagon is preparing to make artificial intelligence a permanent pillar of its military strategy—by formally adopting a system developed by Palantir Technologies. According to an internal memo, Palantir’s Maven Smart System is set to become an official “program of record,” a designation...
US military to adopt Palantir AI as core system US military to adopt Palantir AI as core system + ↺ − 16 px The Pentagon is preparing to make artificial intelligence a permanent pillar of its military strategy—by formally adopting a system developed by Palantir Technologies. According to an internal memo, Palantir’s Maven Smart System is set to become an official “program of record,” a designation that ensures long-term funding and widespread use across all branches of the U.S. military, News.Az reports, citing Reuters. The move signals a major shift toward AI-driven warfare, with defense leaders emphasizing the need to integrate advanced technology into decision-making on the battlefield. Maven is designed to process vast amounts of battlefield data—from satellites and drones to radar systems and intelligence reports. Using AI, it can quickly identify potential threats, including vehicles, infrastructure, and weapons stockpiles. Officials say what once took hours can now be completed in seconds. In a letter to senior leaders, Deputy Defense Secretary Steve Feinberg described AI-enabled decision-making as a “cornerstone” of future military strategy, highlighting the urgency of staying ahead in modern conflict. Originally launched in 2017 as part of Project Maven, the system began as a tool for labeling drone imagery. It has since evolved into a full-scale command-and-control platform used in real-world operations. Formalizing it as a program of record will: Expand its use across the entire military Provide stable, long-term funding Centralize oversight under the Pentagon’s AI office The transition is expected to be completed by the end of the current fiscal year. For Palantir, the decision marks another significant milestone in its growing relationship with the U.S. government. The company has secured a series of major defense contracts in recent years, including deals worth billions of dollars. Its rising role in military AI has helped boost investor confidence and...
Retail investors talked up five hot stocks this week (March 9 to March 13) on X and Reddit's r/WallStreetBets, driven by retail hype, earnings, AI buzz, and corporate news flow. Super Micro Computer Some retail investors were questioning multiple fallacies at SMCI, with its issues in earnings reporting in 2024 and 2025 to the current issue of chip smuggling. The stock had a 52-week range of $27.60...
Retail investors talked up five hot stocks this week (March 9 to March 13) on X and Reddit's r/WallStreetBets, driven by retail hype, earnings, AI buzz, and corporate news flow. Super Micro Computer Some retail investors were questioning multiple fallacies at SMCI, with its issues in earnings reporting in 2024 and 2025 to the current issue of chip smuggling. The stock had a 52-week range of $27.60 to $62.36, trading around $23 to $30 per share, as of the publication of this article. It fell 23.22% over the year and fell 32.79% over the last six months. SMCI had a weaker price trend in the short, medium, and long term, with a solid value ranking, as per Benzinga's Edge Stock Rankings. Micron Technology Some retail investors were mocking others by calling them “chuds” or unintelligent, as MU calls were mentioned with Friday’s triple witching session multiple times on Reddit. The stock had a 52-week range of $61.54 to $471.34, trading around $439 to $445 per share, as of the publication of this article. It advanced by 335.30% over the year and 173.01% in the last six months. MU had a strong price trend in the medium, long, and short terms, with a good growth ranking as per Benzinga's Edge Stock Rankings. Ulta Beauty Some retail investors were making fun of their own stock purchase, linking it to the Iran-U.S. war. The stock had a 52-week range of $323.37 to $714.97, trading around $532 to $536 per share, as of the publication of this article. It advanced 55.39% over the year and 2.42% in the last six months. Benzinga's Edge Stock Rankings showed that ULTA had a weak price trend in the short and medium terms but a strong trend in the long term, with a moderate value ranking. CF Industries Holdings Some retail investors were bullish on CF as compared to its peer, Mosaic Co. (NYSE:MOS) . The stock had a 52-week range of $67.34 to $137.44, trading around $123 to $126 per share, as of the publication of this article. It was down 62.29% over the year and 47.56% over the last...
By the 1980s, Detroit’s once titanic carmakers were being upended by rivals from Japan. Ford, General Motors and Chrysler had grown rich selling gas guzzlers, but when oil prices rose and suddenly cheap, fuel-efficient Japanese models looked attractive, they were unprepared. The collapse in sales led to hundreds of thousands of job losses in the automotive heartland of the US. Now western car manu...
By the 1980s, Detroit’s once titanic carmakers were being upended by rivals from Japan. Ford, General Motors and Chrysler had grown rich selling gas guzzlers, but when oil prices rose and suddenly cheap, fuel-efficient Japanese models looked attractive, they were unprepared. The collapse in sales led to hundreds of thousands of job losses in the automotive heartland of the US. Now western car manufacturers are making what one former boss calls a similar “profound strategic mistake” as they pull back from electric vehicles (EVs) and refocus on the combustion engine just as oil prices are soaring once again. Experts say the industry’s future – and that of tens of millions of jobs – could be on the line. This time, however, the threat is from China. Cheap, well-made electric cars from brands such as BYD and Leapmotor are finding buyers across Europe. BYD overtook Tesla as the world’s biggest EV seller this year. Chinese marques are fast seizing the market share once dominated by the likes of Volkswagen, Ford, Peugeot and Renault. In the US, the pullback has been even more severe. Donald Trump has in effect wiped out the country’s electrification push by cancelling tax credits for consumers and dismantling exhaust emissions rules, which he calls a scam. Andy Palmer, a former chief executive of Aston Martin, said: “The worst possible response [from the Europeans] is to blink, slow investment and hope the market somehow resets in their favour. It won’t.” The Iran war makes the west’s EV retreat look even more shortsighted. Soaring oil prices have already prompted fresh interest in electric cars after petrol station prices surged across Europe. The German car dealer MeinAuto said EV-related online traffic had jumped by 40% since the war broke out. View image in fullscreen Smoke rises after a strike on the Bapco oil refinery in March. Photograph: Reuters Palmer, who also developed the world’s first mass-market EV in the Nissan Leaf and now chairs a battery technology firm, ...
When it comes to politics in Appalachian Kentucky, one of the first things anyone will tell you is that people defy easy categorization. There are fervent church goers who say that Jesus’ message of helping others is basically socialism, and that’s a good thing. There are gun owners who pine for universal healthcare. Home to shuttered coal mines and steel plants, Appalachian Kentucky remains one o...
When it comes to politics in Appalachian Kentucky, one of the first things anyone will tell you is that people defy easy categorization. There are fervent church goers who say that Jesus’ message of helping others is basically socialism, and that’s a good thing. There are gun owners who pine for universal healthcare. Home to shuttered coal mines and steel plants, Appalachian Kentucky remains one of the most disadvantaged regions in America. Unlike many other Republican-leaning parts of the country, there are few military-adjacent companies or industries in its hollers and hills. With two of the 13 American military members killed in the Iran war so far from Kentucky, the decisions being made in Washington on what many are calling a needless conflict are hitting home hard. And while Donald Trump won 65% of the vote in Kentucky in the 2024 election, there are growing signs that the conflict is fueling mounting discontent here. Early estimates suggest the first 12 days of the war on Iran cost the US taxpayer around $16.5bn. An estimated 40% of children in eastern Kentucky are growing up in households where income is below the federal poverty level. In July 2022, flooding from heavy rain led to the deaths of 38 people in eastern Kentucky. All the while, thousands of eastern Kentucky residents have seen Snap and Medicare support cut by the Trump administration, and rising utility prices drive them back into poverty. “This war, with no congressional approval, is a slap in the face of rural Kentuckians and my neighbors. There are so many things that that money could be better allocated for … especially after all the cuts that have been made, it’s really difficult to kind of swallow that pill,” says McKenna Brashear, the acting president of the Perry County Young Democrats, who’s from the tiny community of Viper. “Our schools rely heavily on government assistance. Any portion [of the Iran war spending] could greatly increase an educator’s ability to get school supplies. Hig...
In one corner, clean energy champion Ed Miliband. In the other, residents – and Reform politicians – outraged at plans for more large-scale solar farms in Lincolnshire than anywhere else in the UK As night descends on the grand offices of Lincolnshire county council, everything appears orderly and calm. Paintings of long-forgotten councillors and dignitaries stare out into an empty drawing room. T...
In one corner, clean energy champion Ed Miliband. In the other, residents – and Reform politicians – outraged at plans for more large-scale solar farms in Lincolnshire than anywhere else in the UK As night descends on the grand offices of Lincolnshire county council, everything appears orderly and calm. Paintings of long-forgotten councillors and dignitaries stare out into an empty drawing room. The council chamber is silent and dark. Bored receptionists glance at their phones while a handful of admin staff hunch over glowing screens. But a rebellion is brewing in the office of the council leader, Sean Matthews, who took charge last May, when Reform replaced the Conservative old guard. The affable former royal protection officer is plotting an apparently radical campaign of civil disobedience against a series of giant solar farms planned for Lincolnshire. Despite a quarter of a century in the Metropolitan police, Matthews is willing to break the law to stop solar developers. He is planning to lie down in front of the bulldozers. “They can arrest me – I’ve arrested plenty of people,” he says, leaning forward on a sofa. “It’s much bigger than me and my criminal record. For goodness sake, it’s the future of the county, it’s the future of our land. I am passionate about that and I will do what I can.” Continue reading...
When the UK government signed a memorandum of understanding with OpenAI, the tech firm behind ChatGPT, the partnership was hailed as one that could harness artificial intelligence to “address society’s greatest challenges”. But eight months on from the fanfare of that announcement, the government has yet to hold any trials involving the firm’s tech. A freedom of information (FoI) request asked the...
When the UK government signed a memorandum of understanding with OpenAI, the tech firm behind ChatGPT, the partnership was hailed as one that could harness artificial intelligence to “address society’s greatest challenges”. But eight months on from the fanfare of that announcement, the government has yet to hold any trials involving the firm’s tech. A freedom of information (FoI) request asked the Department for Science, Innovation and Technology (DSIT) for information about trials conducted under the memorandum, which said the company would work with civil servants to “identify opportunities for how advanced AI models can be deployed throughout government and the private sector”. The department replied that it held none of this information and had “not undertaken any trials under the memorandum of understanding with OpenAI”. In response to a query from the Guardian, DSIT pointed to an agreement under which the Ministry of Justice (MoJ) last October enabled civil servants to use ChatGPT “with an option for UK-based data storage for customers”. Tarek Nseir, the CEO of Valliance, the AI consultancy that filed the FoI, said: “Either there’s been a huge failure in execution, or it was a failure of intent in my view. “There are unquestionably pockets of government that are engaging with these frontier models and these providers … We just have so little to show for it. “Rolling out ChatGPT in a department hardly reflects the ambition of the MoU.” He added: “We use PowerPoint – that doesn’t mean we have a strategic relationship with Microsoft. If this was the intent of the MoU then our government is not taking the impact of AI on our economy seriously.” The agreement for the MoJ to use ChatGPT appeared to be part of a larger “AI Action Plan for Justice” rolled out separately last July. DSIT also pointed to continuing work with the UK AI Safety Institute to test AI models and develop safeguards in collaboration with OpenAI. It said: “We are pleased with the progress we are ...
The skies over this far-flung coffee-growing hub went charcoal black, the heavens opened and one of Brazil’s greatest mysteries was born. “It really was something unique,” recalls Marco Antônio Reis, a zoo director, who was at his ranch outside Varginha one stormy day in January 1996 when, he says, an otherworldly creature came to town. View image in fullscreen Marco Antônio Reis sits next to a st...
The skies over this far-flung coffee-growing hub went charcoal black, the heavens opened and one of Brazil’s greatest mysteries was born. “It really was something unique,” recalls Marco Antônio Reis, a zoo director, who was at his ranch outside Varginha one stormy day in January 1996 when, he says, an otherworldly creature came to town. View image in fullscreen Marco Antônio Reis sits next to a statue of the creature. Photograph: Alan Lima/The Guardian Reis and other locals claim the unusually ferocious downpour heralded a series of disturbing and seemingly paranormal events. At least six of the zoo’s animals, including a spider monkey, a tapir and a raccoon, died mysteriously after a horned interloper with bulging red eyes was spotted in the vicinity by a woman who had gone out for a smoke. When a vet examined their corpses, “they were all black inside”, Reis claims. On a nearby wasteland, three young women spotted a peculiar and malodorous being with a heart-shaped face and three lumps on its head cowering beside a wall. “I’ve seen the devil,” one of those witnesses would later tell her mum. Soon afterwards, an unexplained infection was rumoured to have killed a strapping police intelligence officer who was said to have grappled with the oleaginous unidentified being. View image in fullscreen The wasteland where three women claim to have seen an alien in Varginha in January 1996. Photograph: Alan Lima/The Guardian Three decades later, Reis says he is convinced Varginha received a non-human visit. His only doubt was from where it came. “We don’t know if it was extraterrestrial or intraterrestrial,” the 71-year-old says as he climbs a staircase to the veranda where the smoker claims to have seen what, in reference to Steven Spielberg’s 1982 film, became known as the “ET of Varginha”. A 2ft statue of a two-toed alien now marks the spot. “It’s possible it was an intraterrestrial, from inside the Earth … They don’t just come from space,” Reis says. “It might have come ...
The US-Israel war on Iran is a disaster for the climate, according to an analysis that finds it is draining the global carbon budget faster than 84 countries combined. As warplanes, drones and missiles kill thousands of people, level infrastructure and turn the Middle East into a gigantic environmental sacrifice zone, the first analysis of the climate cost has found the conflict led to 5m tonnes o...
The US-Israel war on Iran is a disaster for the climate, according to an analysis that finds it is draining the global carbon budget faster than 84 countries combined. As warplanes, drones and missiles kill thousands of people, level infrastructure and turn the Middle East into a gigantic environmental sacrifice zone, the first analysis of the climate cost has found the conflict led to 5m tonnes of greenhouse gas emissions in its first 14 days. The analysis, shared exclusively with the Guardian, adds another layer on to reporting of the catastrophic environmental harm being caused by attacks on fossil fuel infrastructure, military bases, civilian areas and ships at sea. “Every missile strike is another downpayment on a hotter, more unstable planet, and none of it makes anyone safer,” said Patrick Bigger, a research director at the Climate and Community Institute and a co-author of the analysis. “Every refinery fire and tanker strike is a reminder that fossil‑fuelled geopolitics is incompatible with a livable planet. This war shows, yet again, that the fastest way to supercharge the climate crisis is to let fossil fuel interests dictate foreign policy.” The US-Israeli axis claims to have bombed thousands of targets inside Iran, and Israel has hit hundreds more targets in Lebanon. Reports from inside both countries show extensive destruction of infrastructure. Destroyed buildings constitute the largest element of the estimated carbon cost. Based on reports by the Iranian Red Crescent humanitarian organisation that about 20,000 civilian buildings have been damaged by the conflict, the analysis estimates the total emissions from this sector to be 2.4m tonnes of CO2 equivalent (tCO2e). Fuel is the second biggest element, with US heavy bombers flying from as far away as the west of England to carry out raids over Iran. The analysis estimates between 150m and 270m litres of fuel were consumed by aircraft and support vessels and vehicles in the first 14 days, producing a to...
The survival of Iran’s political and military apparatus following a massive US-Israeli decapitation strike has ignited a strategic debate in Taiwan, with experts weighing the island’s ability to withstand a similar “surgical” opening to an attack from the mainland. Military analysts and officials in Taipei are closely studying the February 28 strikes that killed Ali Khamenei , the Iranian supreme ...
The survival of Iran’s political and military apparatus following a massive US-Israeli decapitation strike has ignited a strategic debate in Taiwan, with experts weighing the island’s ability to withstand a similar “surgical” opening to an attack from the mainland. Military analysts and officials in Taipei are closely studying the February 28 strikes that killed Ali Khamenei , the Iranian supreme leader, and Iran’s ability to sustain organised resistance in the weeks that have followed. Iran’s capacity to absorb the severe blow of the loss of its top leadership has provided a real-world test of “distributed command” – a doctrine Taiwan has been racing to adopt as part of its strategy against the People’s Liberation Army (PLA). Advertisement “The lesson from Tehran is that decapitation is not the end of the war but the beginning of a much more chaotic one,” said Max Lo, executive director of the Taiwan International Strategic Study Society. Lo pointed out that an article published in November by a PLA Navy-affiliated journal outlined how precision strikes on Taipei’s “nerve centre” could force rapid capitulation, noting that these were options that Beijing had long considered. Advertisement “But Iran shows that if you push authority down to the local level before the missiles fly, the body can keep fighting even if the head is targeted,” he said.
TikTok owner ByteDance has reportedly sold its gaming unit Moonton to a Saudi Arabian peer for around $6 billion to fully focus its attention on AI. Mobile Legends Move According to a Bloomberg report, ByteDance has concluded talks to sell Shanghai Moonton Technology, the studio behind the popular mobile game Mobile Legends, to Savvy Games Group. It is understood that Moonton CEO Zhang Yunfan and ...
TikTok owner ByteDance has reportedly sold its gaming unit Moonton to a Saudi Arabian peer for around $6 billion to fully focus its attention on AI. Mobile Legends Move According to a Bloomberg report, ByteDance has concluded talks to sell Shanghai Moonton Technology, the studio behind the popular mobile game Mobile Legends, to Savvy Games Group. It is understood that Moonton CEO Zhang Yunfan and his management team will remain in place following the acquisition, while employees will benefit from a range of incentive programs. The move means that ByteDance will now refocus its efforts on developing generative AI. The proceeds are expected to support investments in large language models and the infrastructure required to sustain platforms like TikTok. For Savvy Games, backed by Saudi Arabia’s Public Investment Fund, it is part of a plan to become a global gaming and e-sports hub. ByteDance’s video games unit Nuverse bought Moonton Technology back in 2021 in a deal believed to be worth around $4 billion. It is understood that Chinese video games and social media company Tencent (TCEHY) also made a bid for Moonton at the time. Growing Global Market Mobile Legends: Bang Bang is one of the most popular MOBA (Multiplayer Online Battle Arena) mobile games in the world. It won “Most Competitive Game of the Year” at the MOBIES 2024 and “Esports Mobile Game of the Year” at the Esports Awards 2024. Other Moonton games include Magic Chess: Go Go and the gothic vampire game Silver and Blood. Savvy’s games include Monopoly Go!, which has had over 150 million downloads around the world. It is an investor in Hero Esports, formerly VSPO, the largest esports company in Asia and it sponsors Saudi football club Al-Hilal. The global mobile gaming market size was estimated at $139.38 billion in 2024 and is projected to reach $256.19 billion by 2030 as smartphone adoption increases around the world. What are the Best Chinese Stocks to Buy Now? We have rounded up the best Chinese stocks to...
A mini burger, mini fries and mini beer, Clinton Hall's "Teeny Weeny Mini Meal", is pictured next to a regular-sized combo on Dec. 8, 2025 in New York City. Approximately one in eight American adults are currently taking drugs from the class of GLP-1 agonists that are now popular for weight loss, according to a November poll by the non-profit health policy tracker KFF. Some in the restaurant indus...
A mini burger, mini fries and mini beer, Clinton Hall's "Teeny Weeny Mini Meal", is pictured next to a regular-sized combo on Dec. 8, 2025 in New York City. Approximately one in eight American adults are currently taking drugs from the class of GLP-1 agonists that are now popular for weight loss, according to a November poll by the non-profit health policy tracker KFF. Some in the restaurant industry are taking note. Angela Weiss | AFP | Getty Images The cost of GLP-1 drugs is falling, and pill versions are hitting the U.S. market. For restaurant chains and snacking giants, higher adoption of weight loss and diabetes treatments poses a threat to their sales — or an opportunity. GLP-1 drugs slow digestion, suppress users' appetites and increase satiety. For many restaurants and packaged food manufacturers, those reactions will likely mean weaker sales. Adults who use GLP-1s consume 21% fewer calories and spend nearly a third less on grocery bills on average, according to KPMG. JPMorgan estimates the growing use of the medications could wipe out $30 billion to $55 billion in annual sales for the food and beverage industry as soon as 2030. About one in every eight U.S. adults is currently taking a GLP-1 drug like Ozempic or Zepbound, according to the KFF Health Tracking Poll conducted from Oct. 27 to Nov. 2. That number doesn't include consumers who have discontinued their use of the drugs; 18% of respondents said that they have taken a GLP-1 medication at some point. Those numbers are expected to keep climbing, especially after Novo Nordisk launched its Wegovy pill in January and Eli Lilly prepares to roll out its own oral drug this year. By 2030, more than 30 million Americans could be on a GLP-1 treatment, up from 10 million in 2026, based on J.P. Morgan estimates. Michael Siluk | UCG | Universal Images Group | Getty Images But the shift also presents an opportunity for restaurants and food and beverage companies. With new protein- and fiber-rich options, many busin...
Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I’m David Westin , and this week former Fed Vice Chair Randy Quarles takes us through the latest Fed decision, and we learn why one expert thinks AI may just be “normal.” If you’re not yet a subscriber, sign up here for this newsletter. Quarles...
Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I’m David Westin , and this week former Fed Vice Chair Randy Quarles takes us through the latest Fed decision, and we learn why one expert thinks AI may just be “normal.” If you’re not yet a subscriber, sign up here for this newsletter. Quarles on Inflation In his news conference this week, Fed Chair Powell talked a lot about uncertainty stemming from the war in Iran: “The economic effects could be bigger, they could be smaller. They could be much bigger. We just don’t know.” Former Fed Vice Chair Randy Quarles (now head of investment firm Cynosure) says dealing with uncertainty is just what the Fed does: “That’s really behind the Fed’s regular mantra: `We’ll be data dependent.’” When faced with this “level of uncertainty,” Quarles says the focus has to be on “the fundamental drivers of the economy.” Certainly developments in the Middle East and their effect on oil prices are potentially important, with even a risk of demand destruction at some point. But Quarles notes there are other forces that are also tending to point toward higher inflation. ‘Normal’ AI Everywhere we turn we hear how revolutionary artificial intelligence will be — for jobs, for productivity, for life as we know it. Nobel Laureate Geoffrey Hinton went so far as to tell us “it might just replace us.” But at least one expert, Computer Science Professor Arvind Narayanan of Princeton says we’re overdoing the expectations. It will no doubt change much of what we do and how we do it, Narayanan said. But he believes it will take longer and be less disruptive in many areas than what people are predicting. More from Wall Street Week Bloomberg Wall Street Week is live Fridays at 6 p.m. New York time. Watch on Bloomberg Television , on the Terminal at TV and on YouTube ; or listen to the show on Bloomberg Radio and RADI . Catch the show Saturdays at 10 ...
In this article EBAY NVDA Follow your favorite stocks CREATE FREE ACCOUNT People queue to have their laptops install with OpenClaw, an open-source AI assistant at the Baidu headquarter in Beijing on March 11, 2026. Adek Berry | Afp | Getty Images Three months ago, the tech industry was unaware of a lobster-themed AI coding project built by an under-the-radar Austrian software developer. OpenClaw, ...
In this article EBAY NVDA Follow your favorite stocks CREATE FREE ACCOUNT People queue to have their laptops install with OpenClaw, an open-source AI assistant at the Baidu headquarter in Beijing on March 11, 2026. Adek Berry | Afp | Getty Images Three months ago, the tech industry was unaware of a lobster-themed AI coding project built by an under-the-radar Austrian software developer. OpenClaw, as that creation is known, has enjoyed such a rapid ascent since then that it took center stage this week at GTC, Nvidia's annual conference, where the leader of the world's most valuable company called it "the most popular, open-source project in the history of humanity." "This is definitely the next ChatGPT," Nvidia CEO Jensen Huang told CNBC's Jim Cramer on the sidelines of the developer event in Santa Clara, California. In his keynote, Huang described OpenClaw as the go-to option for building AI agents that can perform tasks like scouting eBay for deals and then placing bids, and said it "exceeded what Linux did in 30 years" in mere weeks. The phenomenon is so pivotal to Nvidia that the chipmaker said at GTC that it's building free accompanying security services — packaged as NemoClaw — intended to help spur more adoption of OpenClaw and get large businesses comfortable with its use. Huang was validating what the rest of the market has been witnessing. An independent developer, rather than a giant, richly valued lab like OpenAI or Anthropic, came up with the next big thing in AI and, in doing so, exposed a potential major flaw in the investment thesis behind the large language models: They may be getting commoditized. watch now VIDEO 2:48 02:48 Nvidia CEO Jensen Huang: OpenClaw is 'definitely the next ChatGPT' Mad Money with Jim Cramer While OpenAI and Anthropic remain deeply popular and continue building services that are resonating with users, the power of OpenClaw is that it's enabling all sorts of developers and hobbyists to quickly create and manage AI agents acros...
In this article @CL.1 Follow your favorite stocks CREATE FREE ACCOUNT US President Donald Trump and Sanae Takaichi, Japan's prime minister, during a meeting in the Oval Office of the White House in Washington, DC, US, on Thursday, March 19, 2026. Aaron Schwartz | CNP | Bloomberg | Getty Images Japanese Prime Minister Sanae Takaichi embraced President Donald Trump on Thursday, and not just on polic...
In this article @CL.1 Follow your favorite stocks CREATE FREE ACCOUNT US President Donald Trump and Sanae Takaichi, Japan's prime minister, during a meeting in the Oval Office of the White House in Washington, DC, US, on Thursday, March 19, 2026. Aaron Schwartz | CNP | Bloomberg | Getty Images Japanese Prime Minister Sanae Takaichi embraced President Donald Trump on Thursday, and not just on policy grounds. The newly elected Japanese leader threw herself into the arms of the U.S. president when he greeted her at the White House. "It is only you, Donald, who can achieve peace across the world," Takaichi said later as the two met in front of reporters in the Oval Office. Beneath the flattery is an important truth. Trump is singlehandedly shaping the course of global events to a degree that far outstrips even the power he wielded in his first presidency. With his presidency unshackled, his military and other policy decisions are reshaping the economy in real time — and clouding the economic outlook . Trump's predecessors weren't willing to make the choice he did in Iran. President Barack Obama 's response to the risk that Iran could develop a nuclear weapon was to negotiate a multilateral arms deal . Trump scrapped it in his first term. President Joe Biden attempted to revive it, opting for negotiations and sanctions pressure even after Iran-backed Hamas massacred Israelis on Oct. 7, 2023. Trump's decision to use his authority as the military's commander-in-chief has essentially made him the lever that moves global energy prices up or down. Iran's forces have attacked cargo ships and assailed its neighbors' energy facilities. Traffic has stalled through the vital Strait of Hormuz. In normal times it carries 20% of the world's crude oil. Read more CNBC politics coverage Everything to know about the SAVE America Act voter ID-bill Trump signals DOJ should continue Powell probe, complicating Warsh Fed nom Hegseth says potential $200 billion Iran war spending request could ...
J Studios/DigitalVision via Getty Images Co-authored by Kody's Dividends We live in an era that loves to compare generic products to the original premium product. You don't have to go far on Instagram, Facebook ( META ), or even TikTok ( TIKTOK ) to find people promoting dupes. Dupes are copies or close equivalents of popular products that are often significantly cheaper. The downside with many of...
J Studios/DigitalVision via Getty Images Co-authored by Kody's Dividends We live in an era that loves to compare generic products to the original premium product. You don't have to go far on Instagram, Facebook ( META ), or even TikTok ( TIKTOK ) to find people promoting dupes. Dupes are copies or close equivalents of popular products that are often significantly cheaper. The downside with many of these dupes is that the quality is lower or they're lacking some key feature the original has, and it's the reason why the original can still command the high price that it does versus the dupe. If that lacking feature doesn't matter to you, then the dupe may be just as good for your specific situation. But the original premium product remains the gold standard the dupes are compared against. Otherwise, the original product would be compared to the dupe instead of the dupe to the original product. When it comes to global asset management, there are few names that are as well-known as BlackRock ( BLK ). It is so well known that it can be considered the gold standard of global asset management . Let's take a closer look at why this is the case. The Gold Standard Of Global Asset Management BlackRock Q4 2025 Earnings Release Supplement As of Dec. 31, 2025, BlackRock ( BLK ) held approximately $14 trillion (or units of trust, as they often call it) of assets under management. As illustrated above, BLK's AUM base is highly diverse: 24% being actively managed, 39% ETFs, 29% non-ETF indices, and 8% cash. The star anchoring its ETF AUM is the iShares franchise , which has around $5 trillion in AUM, making it the largest issuer of ETFs on the planet. Beyond being an asset manager, BLK also owns the Aladdin platform . This is an investment management software program used by major financial institutions throughout the world. As Kody indicated last month , BLK had a fantastic fourth quarter to close out Q4 2025. The company's total revenue vaulted 23.4% higher year-over-year to $7.01 ...
OlekStock/iStock via Getty Images We start this article with a recent and prudent observation from famed bond manager Jeffery Gundlach this week on the mechanics of Wall Street: 2005-2006: “ Hey! We found a way to turn BBB ratings into AAA ratings. And pocket the difference !!” 2024-2025: “ Hey! We found a way to put illiquid assets into liquid funds. And pocket the difference !!” The private cred...
OlekStock/iStock via Getty Images We start this article with a recent and prudent observation from famed bond manager Jeffery Gundlach this week on the mechanics of Wall Street: 2005-2006: “ Hey! We found a way to turn BBB ratings into AAA ratings. And pocket the difference !!” 2024-2025: “ Hey! We found a way to put illiquid assets into liquid funds. And pocket the difference !!” The private credit markets are deteriorating at an accelerating rate here in March. The problems at Blue Owl Capital ( OWL ) that came to the surface in the last half of February kicked off the recent spate of concerning news emanating from the private credit and business development company space. Company Filings, Barclays Research Negative news flow has greatly increased around these markets this month. Morgan Stanley ( MS ) and BlackRock ( BLK ) have blocked full redemption requests from investors in March. The $33 billion private credit fund at Cliffwater also hasn't honored full redemption requests . This is giving many seasoned investors some 2007 déjà vu, as this reminds them of the 'gating' that happened in mortgage funds that year in front of the Great Financial Crisis. In another blast from the past, Goldman Sachs is now creating entities that allow investors to bet against private credit. Reminding some of when the investment bank did the same to allow wagers against mortgage-backed securities, or MBS, during the housing bust more than a decade and a half ago. UBS recently projected that default rates in private credit could hit 15% in a worst-case scenario. This would dwarf the corporate loan default rates of banks during the peak of the GFC, it should be noted. UBS While the private credit market has experienced huge growth since the Great Financial Crisis, it is still just under a $2 trillion space. However, much like the subprime market from yesteryear, it is the potential for contagion and the tightening of credit from the problems in this niche that is concerning experienc...
nanako75/iStock via Getty Images Purpose I look at the high frequency weekly indicators because while they can be very noisy, they provide a good nowcast of the economy, and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. They are also an excellent way to "mark your beliefs to market." In general, I go in order of long leading indicators,...
nanako75/iStock via Getty Images Purpose I look at the high frequency weekly indicators because while they can be very noisy, they provide a good nowcast of the economy, and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. They are also an excellent way to "mark your beliefs to market." In general, I go in order of long leading indicators, then short leading indicators, then coincident indicators. A Note on Methodology Data is presented in a "just the facts, ma'am" format with a minimum of commentary so that bias is minimized. Where relevant, I include 12-month highs and lows in the data in parentheses to the right. All data taken from St. Louis FRED unless otherwise linked. A few items (e.g., Financial Conditions indexes, regional Fed indexes, stock prices, the yield curve) have their own metrics based on long-term studies of their behavior. Where data is seasonally adjusted, generally it is scored positively if it is within the top 1/3 of that range, negative in the bottom 1/3, and neutral in between. Where it is not seasonally adjusted, and there are seasonal issues, waiting for the YoY change to change sign will lag the turning point. Thus I make use of a convention: data is scored neutral if it is less than 1/2 as positive/negative as at its 12-month extreme. With long leading indicators, which by definition turn at least 12 months before a turning point in the economy as a whole, there is an additional rule: data is automatically negative if, during an expansion, it has not made a new peak in the past year, with the sole exception that it is scored neutral if it is moving in the right direction and is close to making a new high. For all series where a graph is available, I have provided a link to where the relevant graph can be found. Recap of Monthly Reports February data included a “hot” PPI, and positive industrial production. January data included frigid new home sales and barely positive factory a...