GM Super Cruise hands-free system expanding to cover 400,000 miles

That green light means you can take your hands off the wheel. Just keep your eyes on the road! Mack Hogan | CNBC DETROIT – General Motors is expanding its Super Cruise hands-free driving system in the U.S. and Canada later this year, introducing the feature for non-interstate roadways and highways such as Route 66 … Read more

These stocks are the key to the market going higher for the rest of the summer

Tech led the summer rally, and it needs to keep up the momentum if the market is going to continue higher into September, strategists say. The S & P technology sector scored a roughly 13.5% gain in July. Those stocks are represented in the Technology Select Sector SPDR fund , which was down about 0.6% … Read more

Tesla investors urged to vote against board members, for shareholder proposals by influential advisory services

Two prominent and influential proxy advisory firms are urging Tesla Inc. investors to vote against the reelection of two board directors, and are recommending they defy the company’s wishes and vote for six out of eight shareholder proposals. Tesla TSLA, +0.04% is facing several employee-related controversies and is caught up in the glare of the … Read more

Ford CEO Farley outlined plans for automaker’s electric vehicle shift

Electric vehicle batteries are in short supply, and costs for materials such as nickel and cobalt are surging. Yet legacy automaker Ford Motor says it plans to be profitably building millions of EVs a year in just four years. This week, the Detroit automaker gave investors a little more clarity about how it plans to … Read more

Apple Q3 2022 earnings preview: Macroeconomic concerns dominate

Tim Cook, chief executive officer of Apple Inc., speaks during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 6, 2022. David Paul Morris | Bloomberg | Getty Images Apple reports earnings on Thursday for the quarter ended in June. The third quarter of Apple’s fiscal year is … Read more

Facebook’s stumbling ad business at the center of Big Tech earnings

The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. Arnd Wiegmann | Reuters It’s earnings palooza week for Big Tech, with the four most valuable U.S. companies plus Meta all reporting quarterly results. Alphabet and Microsoft kick off the action on Tuesday, with Apple and Amazon wrapping things up on Thursday. … Read more

What Tesla’s bitcoin sale means for the crypto outlook

On Wednesday night Tesla reported in its second-quarter earnings that it sold 75% of its bitcoin holdings for $936 million. The company said it was to maximize its cash position amid Covid-related uncertainty in China. But the move comes about 18 months after the company shocked the financial markets by buying $1.5 billion worth of … Read more

Tesla shares climb after car maker got ‘tough quarter’ out of the way, and as Wall Street eyes production ramp ups

Wall Street analysts expressed some relief that Tesla Inc. reported second-quarter earnings that beat Wall Street estimates despite tough market conditions, with results boosted by vehicle price increases and the company’s decision to sell most of its bitcoin. The Elon Musk-led company TSLA, +6.95% also defied expectations that a COVID-19-related shutdown in China would hurt … Read more

Delta’s big buy, solid bank results, the Micron effect

What I am looking at July 18, 2022 Quarterly earnings report from Bank of America (BAC) was very solid. Revenue rose 6% to $22.79 billion, beating analyst estimates. Loan growth is good. The consumer is amazingly good — don’t know if consumer can be slowed down easily. Goldman Sachs (GS) posted profit and revenue that … Read more

As crypto prices crash, some blockchain projects may be struggling to survive

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest in this bear market. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also … Read more