Tag Archives: Warming

Image: Porsche Porsche may turn to Google to provide the backbone for its infotainment software in future models, Reuters reported Thursday citing a source with knowledge of the German manufacturer’s plans. Up until now, the Stuttgart-based sports car maker has collaborated with the Volkswagen Group’s Cariad unit for software development, but last fall Porsche decided to make a clean break and start negotiating with other partners. Those have included Google, Apple, Baidu, Tencent, and… 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, October 20, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with Yahoo Finance App The volatility on Wall Street continued on Wednesday, this time to the downside. U.S. stocks closed in the red, eating into the prior… 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, October 20, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with Yahoo Finance App The volatility on Wall Street continued on Wednesday, this time to the downside. U.S. stocks closed in the red, eating into the prior… Source link

Wall Street is getting more comfortable with crypto as regulation looms and investment-grade infrastructure shapes up for the emerging asset class, with more traditional hedge funds reporting plans to boost their exposures and get in on the digital asset boom. Nearly one-third of hedge fund managers plan to add crypto to their portfolios in the near future, according to firms surveyed by EY for a recent report on the global alternative fund industry. The report, which deemed digital assets an… Source link

Howard Marks, co-founder of alternative investment manager Oaktree Capital, says he has reconsidered his previous “dismissive” stance on bitcoin. The investor, who is worth $2.1 billion according to Forbes, previously said in a 2017 memo that cryptocurrency was “an unfounded fad.” The comment was “a knee-jerk reaction without information,” Marks conceded in a video interview with the Korea Economic Daily on Monday. While he’d previously considered bitcoin to have no intrinsic… Source link