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Trump's Commerce Secretary Howard Lutnick says Canada used the U.S. for political purposes during trade negotiations.
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Read original at benzingaCarroll joins Ford from ENGIE North America, where he led one of the largest renewables and storage platforms in the U.S.Drake concludes an accomplished 32-year Ford career spanning leadership positions in engineering,
Read original at benzingaFord is partnering with Chinese automaker Geely to develop a compact crossover SUV using Geely's GEA electric platform for the European market, launching in 2029. This reversal of traditional joint venture dynamics allows Ford to leverage Chinese low-cost manufacturing and EV technology while Geely gains European expansion. Geely-owned Centurion Industries will invest $259 million for a 34% stake in Ford's Valencia facility.
Read original at the-motley-foolNvidia surged 7% after delivering blockbuster Q2 earnings with $96.22B revenue (106% YoY growth) and raising FY28 guidance to ~70% growth. The Vera Rubin platform is ramping ahead of schedule with orders from all major hyperscalers. However, gross margins are expected to compress from 75% to 71-72% due to rising memory costs, and the company's massive capital commitments warrant monitoring.
Read original at zacks-investment-researchGoldman Sachs has joined Wall Street in backing the Digital Asset Market Clarity Act, but prediction markets suggest final passage is unlikely until mid-2027 at the earliest due to Democratic concerns about ethics provisions. The crypto industry may need to rely on regulatory support from the SEC, CFTC, and OCC if the legislation stalls. Companies with strong Wall Street relationships like Coinbase and Circle are positioned to grow regardless of the Clarity Act's passage.
Read original at the-motley-foolSpaceX stock has fallen back to near its $135 IPO price after peaking at $225.64 in June. Wall Street analysts remain bullish with an average $232.35 price target (68% upside), though predictions range widely from $75 to $450. The key to SpaceX's valuation hinges almost entirely on the success of its AI business, which represents 93% of the company's $28.5 trillion total addressable market. While Starlink and rocket divisions are valuable, investors must believe in SpaceX's ability to scale its AI division profitably.
Read original at the-motley-fool