Shares of Cathay Pacific rebounded on Wednesday, but "much uncertainty" remains ahead in the market, according to Luya You of Bocom International. The bond market is making historic moves, and Ari Wald of Oppenheimer says it could be flashing a buy signal to equities. Amazon claimed this week its facial recognition software, Rekognition, can now detect a person's fear on top of accurately identifying other emotions. Chinese e-commerce giant JD.
Partner Employee Purchase Program
For the wealthy collectors who converge from across the globe on Monterey Car Week, the biggest spectator sport over the weekend is the auctions. CBS and Viacom finally have agreed to a merger, but the combined company still wants to get bigger. There might be several options for Shari Redstone, including Discovery, The deal would give Amazon and General Motors minority stakes in Rivian, the sources said. It would be a major boost for the Plymouth, Michigan-based startup, which aspires to be the first car maker to the U.
If the negotiations conclude successfully, a deal could be announced as early as this month, the sources said, asking not to be identified because the matter is confidential.
There is always a chance that deal talks fall through, the sources cautioned. The Rivian deal would come as the world's biggest electric car maker, Tesla , struggles to stabilize production and deliver consistent profits as it rolls out its flagship Model 3 sedan.
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Tesla CEO Elon Musk told investors last August that an electric pickup is "probably my personal favorite for the next product" from the company, though he has spoken only in general about a potential launch, saying that it would happen "right after" Tesla's Model Y, which the company has targeted to start production in Rivian intends to begin selling its R1T, the pickup it debuted in November, in the fall of The company was founded in by CEO R.
Big automakers, including GM, have not jumped into the market for electric pickups thus far. The worlds largest online retailer has steadily increased its logistics footprint, building warehouses around the world and inking deals with Mercedes as well as cargo airlines to help with delivery. Sign up for free newsletters and get more CNBC delivered to your inbox. The company promises outstanding performance, including up to miles of range and exceptional handling. I have been covering automobiles and the culture that celebrates them for more than two decades.
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My work has appeared in a variety of national and international publica. Chuck Tannert Forbes Staff. If it rolls I write about it: cars, trucks, bikes, you name it. Share to facebook Share to twitter Share to linkedin.
PHONES AND DEVICES
But where it goes from here is unclear. Tuesday's rally was different than last Thursday's in terms of participation and many other indicators -- and no one popped the big question.
Jim Cramer previews the most important things he's watching in the markets ahead of his upcoming members-only Action Alerts PLUS investing call. All rights reserved.
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