Liam Denning

The stock ticker for CarMax Inc. begins with the letter “K,” which is apt given the signal it may be sending on the US economy.

America’s nuclear power advocates often grumble that the birthplace of reactors can’t build them the way China does. But the US government’s $80 billion “partnership” with Westinghouse Electric Co. means their lamentations appear to have been heard. We are doing nuclear policy with Chinese characteristics — and Japanese money, it seems.

America’s nuclear power advocates often grumble that the birthplace of reactors can’t build them the way China does. But the US government’s $80 billion “partnership” with Westinghouse Electric Co. means their lamentations appear to have been heard. We are doing nuclear policy with Chinese characteristics — and Japanese money, it seems.

Tesla Inc.’s get-out-the-vote bandwagon just hit a bump. November’s all-important shareholder meeting will feature proposals to award Chief Executive Officer Elon Musk a new trillion-dollar pay package and also to funnel some of the company’s capital into his artificial intelligence business. Positive news has flowed freely ahead of that, with Musk buying stock, Chair Robyn Denholm giving a relatively rare interview to make the case, and Tesla reporting a jump in electric vehicle sales. Now Tesl

Who doesn’t love a tax rebate? General Motors Co.’s shareholders sure do. The US automaker just enjoyed its biggest one-day stock price jump in more than five years, a Tesla-esque 16%, hitting its highest level since emerging from bankruptcy in 2010. And it can largely thank President Donald Trump — albeit only in the way one might thank the IRS for giving you back your own wages.

Who doesn’t love a tax rebate? General Motors Co.’s shareholders sure do. The US automaker just enjoyed its biggest one-day stock price jump in more than five years, a Tesla-esque 16%, hitting its highest level since emerging from bankruptcy in 2010. And it can largely thank President Donald Trump — albeit only in the way one might thank the IRS for giving you back your own wages.

The classic stock market bubble is an informational vacuum suspended within a sphere of gloss. The bubble that has enveloped certain, artificial intelligence-adjacent parts of the electricity business fits that description. However, when it comes to the most recent initial public offering in the sector, that of Fermi Inc., there is some useful signal in the noise.

Almost exactly a year ago, General Motors Co. was touting a profit tailwind from electric vehicles worth $2 billion to $4 billion. Then, just a little less than a year ago, the US elected a president with a seeming allergy to EVs. Today, Tuesday, GM paid the price. Instead of a tailwind, the company took a $1.6 billion hit in the form of impairments and other charges “following recent US government policy changes.”

Almost exactly a year ago, General Motors Co. was touting a profit tailwind from electric vehicles worth $2 billion to $4 billion. Then, just a little less than a year ago, the US elected a president with a seeming allergy to EVs. Today, Tuesday, GM paid the price. Instead of a tailwind, the company took a $1.6 billion hit in the form of impairments and other charges “following recent US government policy changes.”

President Donald Trump’s love for mining has reached the point where he wants to buy the company. Or rather bits of several companies. His administration has recently taken equity stakes in three miners in rapid succession. Ostensibly, the muscular intervention is to counter China’s state-led dominance of critical minerals. But this burgeoning experiment in socialism with Trumpian characteristics is both unnecessary and ultimately counterproductive.

President Donald Trump’s love for mining has reached the point where he wants to buy the company. Or rather bits of several companies. His administration has recently taken equity stakes in three miners in rapid succession. Ostensibly, the muscular intervention is to counter China’s state-led dominance of critical minerals. But this burgeoning experiment in socialism with Trumpian characteristics is both unnecessary and ultimately counterproductive.

This has not been a vintage year for Tesla Inc. product launches. This summer, it launched a long-delayed robotaxi service that came with a free human. Now, it has unveiled two long-awaited cheaper electric vehicles that are most definitely not the game-changers once promised. But are they enough to do the job? It depends on what that job is.

Sam Altman may be a visionary but he could use some help reading the room.

Over the past six years, Occidental Petroleum Corp. has morphed from being a large oil company with a reputation for discipline to an even larger oil company well on its way to becoming a business school case study in the perils of hubris. If Chief Executive Officer Vicki Hollub has been the architect of this transformation, Warren Buffett has been the key enabler. The latest chapter in this saga has now arrived in the form ofBerkshire Hathaway Inc.’s $9.7 billion acquisition of the company’s ch

The surging cost of power offers a viable, if tricky, line of attack on Republicans.

Beijing has an outsized role in moving prices. Now, Washington may join in if it becomes a Lithium Americas’ shareholder.

Autonomous vehicles need to grow the ride-sharing market, otherwise they will just take share from the incumbents.

Autonomous vehicles need to grow the ride-sharing market, otherwise they will just take share from the incumbents.

Projects worth nearly $42 billion have been delayed, shrunk or canceled since Trump’s inauguration.

What’s being interpreted as a bullish signal is really just window dressing.