Amazon’s Zoox unveils redesigned robotaxi ahead of upcoming expansion
Zoox is updating its robotaxis as the Amazon division plots expansion in additional markets and prepares to charge for rides.
Trump cancels signing of bipartisan housing bill, demanding voter-ID provision
President Donald Trump abruptly canceled the signing of a bill aimed at increasing housing affordability an hour before he was due at the Capitol for the ceremony.
Here are Wednesday’s biggest analyst calls: Nvidia, Tesla, AMD, Reddit, Blackberry, Arm, Take-Two, Barclays & more
Here are the biggest calls on Wall Street on Wednesday.
Wendy’s stock soars as meme traders target another turnaround play
While management changes can influence investor sentiment, the magnitude of the move suggests other forces may be at play.
Slate Auto says each $24,950 electric pickup truck will be profitable as it aims to be cash-flow positive next year
EV startup Slate Auto CEO Peter Faricy told CNBC that every vehicle the company produces will be gross margin positive.
Treasury Secretary Bessent says U.S. GDP growth can return to 3% before end of the year
Bessent sees his “3-3-3” plan as still in reach — 3% growth, a 3% deficit-to-GDP rate and a 3 million barrels per day increase in oil production.
South Korea’s biggest chipmaker SK Hynix plans to raise $29 billion via Nasdaq listing
The company plans to issue 17.79 million new shares at a value of 45.45 trillion won ($29.65 billion).
Trump claims Iran has assured U.S. there won’t be tolls on the Strait of Hormuz
There will be no tolls, insurance costs, or charges of any kind for ships looking to pass through the Strait of Hormuz, Trump said.
Tech companies would have to pay AI data center energy costs under bill moving in Congress
A House subcommittee may advance legislation Wednesday to make tech companies pay the energy costs for operating data centers to power AI.
Defense stocks plummet on report Germany is scrapping warships; Rheinmetall stock down 13%
Berlin is planning to scrap a multi-billion-euro project to build the F126 frigates, according to the Financial Times.