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In the years ahead, GM (GM) says, it’s aiming to be a leading manufacturer of batteries as well as cars. “For electric vehicles, it’s all about the battery,” CEO Mary Barra told Yahoo Finance in a wide-ranging interview this week. The CEO outlined plans to open at least four new plants just to manufacture batteries that power the company’s electric vehicles. “We decided that we wanted to have control over battery cell manufacture so we formed a joint venture with LG, one of our partners,… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, May 4, 2022 In the face of rising inflation, the Federal Reserve looks poised to do something it has not done in two decades: Implement a king-sized bump in interest rates. Rewind to May 2000, when things were very different (i.e. Razor Scooters were catching on and *NSYNC was topping the Billboard charts). But much like today, concerns… Source link

We have our first bits of intel on the four NHL series going on Wednesday. All four series played Game 1 on Monday, and now we have arrived at four Game 2s. Now, the entire regular season tells me more than one game does, but there is some information to be gleaned from those matchups that took place Monday. Here are my players to target, and to avoid, for your DFS lineup. GOALIE Antti Raanta, CAR vs. BOS ($27): If Frederik Andersen returns, he’s an easy call Wednesday. However, if Andersen… Source link

Google has announced a package of additional controls for users of its productivity suite, Google Workspace (neé G Suite), in Europe — which it’s rolling out by the end of this year and next. It says these extra control will enable organizations — both public and private sector — to “control, limit, and monitor transfers of data to and from the EU starting at the end of 2022”, announcing the incoming capabilities in a blog post. The move looks intended to respond to… Source link

Google employees work inside the company’s data center in Pryor.  (Courtesy photo, File) Google announced plans on Wednesday to expand a major data center in Pryor as part of an overall investment of more than $75 million in the state. The Mountain View, California-based company has committed about $4.4 billion in all to Pryor since announcing in 2011 that it would build the data center at the MidAmerica Industrial Park. Google also has created more than 800 jobs in the Mayes County… Source link

Shares of Yandex (NASDAQ:YNDX – Get Rating) have been given an average rating of “Hold” by the six brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $83.40. A number of brokerages have… Source link

U.S. stock futures opened little changed Tuesday evening, with investors looking ahead to the Federal Reserve’s latest monetary policy decision against the backdrop of elevated inflation and a still-tight U.S. labor market. Contracts on the S&P 500 and Nasdaq gained, while Dow futures dipped. Investors are awaiting the Federal Reserve’s monetary policy statement and press conference from Chair Jerome Powell later Wednesday afternoon. The central bank is widely expected to raise interest rates… Source link

(Bloomberg) — Advanced Micro Devices Inc. gave a strong sales forecast for the current quarter, indicating that the chipmaker continues to make strides in its most lucrative market: data-center processors. Most Read from Bloomberg AMD predicted second-quarter sales of roughly $6.5 billion, compared with an average analyst estimate of $6.03 billion. That helped send the shares up as much as 8.3% in late trading Tuesday. The outlook helped allay concerns that the chip market is slowing — and… Source link

Netflix is still reeling from its unexpected decline in Q1 subscribers, which led to a stock plummet of 35% and wiped more than $50 billion off of its market cap. The streaming giant’s disappointing results came as inflation remains high, consumers cut costs and competition intensifies, although one media mogul is not giving up on Netflix quite yet. “I don’t think Netflix has crashed — quite frankly, I think the market has overreacted,” Byron Allen, the founder and CEO of Entertainment… Source link

As Fox Sports is reportedly courting Urban Meyer to bring him back to its airwaves, his most recent employer has a message for anybody considering hiring him. He’s not to be trusted. Jacksonville Jaguars owner Shad Khan opened up about his experience with Meyer in an interview with USA Today’s Jarrett Bell published on Tuesday. He was blunt. “When you lose the respect, the trust and an issue of truthfulness, how can you work with someone like that?” Khan said. “It’s not possible.” Khan… Source link