Cruise Origin driverless shuttle Cruise The future of the auto industry isn’t horsepower or style when it comes to autonomous vehicles and ride-hailing services. It’s a box. The most recent proof of this came Tuesday night with Cruise, a majority-owned subsidiary of General Motors, debuting its first vehicle specifically designed to operate without a driver.
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Seth Klarman Getty Images Billionaire hedge fund manager Seth Klarman defended value investing, saying in a letter to clients that several factors, including the proliferation of passive investing, have created market mispricings that will soon lead to a payoff for the long underperforming strategy. Klarman, the CEO of the Baupost Group, said his fund posted
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Ground operations employees load baggage onto a Southwest Airlines Boeing 737 aircraft on the tarmac at John Wayne Airport (SNA) in Santa Ana, California. Patrick T. Fallon | Bloomberg | Getty Images Southwest Airlines‘ fourth-quarter profit tumbled more than 21% after the grounding of the Boeing 737 Max drove up the Dallas-based carrier’s costs, it said
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Brian Roberts, chairman and chief executive officer of Comcast Corp. Patrick T. Fallon | Bloomberg | Getty Images Comcast on Thursday reported fourth-quarter earnings that exceeded estimates for the top and bottom lines. Shares of Comcast were up as much as 2.1% in pre-market trading. Here are the key numbers: Earnings per share: 79 cents vs.
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A new study from the University of Pennsylvania’s Wharton School finds that Sen. Bernie Sanders’ proposed wealth tax on the richest Americans will generate $1 trillion to $1.5 trillion less than what the campaign claims. The results, if accurate, could undercut the critical funding needed to support his plans to develop public health care, education
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India’s troubled shadow banking sector is not out of the woods yet, but it may be in a “much better position” than before, said the chairman of the country’s largest public lender. Rajnish Kumar, chairman of the State Bank of India, acknowledged that India’s non-bank financial companies (NBFCs) — often referred to as shadow lenders
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Former Vice President Joe Biden (L) greets Sen. Bernie Sanders (I-VT) before the Democratic presidential primary debate at Drake University on January 14, 2020 in Des Moines, Iowa. Scott Olson | Getty Images Top Democratic presidential candidates all want to boost Social Security benefits. But two of the candidates — Sen. Bernie Sanders (I-Vt.) and
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