Dollar's Next Risk Is Canadian Pension Fund Hedging, TD Says
'The loss of the dollar's safety appeal since the start of the year has increased the need for these funds to hedge their long US asset exposure,' a TD Securities team including Jayati Bharadwaj, Mark McCormick and Linda Cheng wrote in a Friday report. More losses for the US currency 'will give Canadian investors a greater push to adapt their hedging policies which can create further downward pressure on the cross.'
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Miami Herald
35 minutes ago
- Miami Herald
Amazon sends a bold message Tesla fans need to hear
For over a decade, autonomous vehicle company Zoox has been building an autonomous vehicle designed to stand out from others on the road. There's a reason the rectangular glass-paneled Zoox robotaxi looks so weird. Besides the vehicles' lack of steering wheels, perhaps the most interesting Zoox feature is its two-engine design. Zoox calls its vehicles bi-directional, meaning there is no forward or reverse because both directions are forward. The two motors at different ends of the car allow it to drive forward in two directions. Related: Latest Waymo setback raises serious questions about its future Nvidia (NVDA) has been one of the company's partners since its inception. Unlike Tesla (TSLA) , which has said it doesn't use the technology because it's too expensive, Zoox utilizes light detection and ranging (LiDAR) to navigate traffic autonomously. LiDAR uses lasers to measure distances and create highly detailed 3D models of its surroundings. Zoox uses this tech, along with cameras, radar, long-wave infrared sensors, and microphones, to map the traffic around it. All of that tech needs a lot of computing power, and Nvidia has provided that power since 2014. But now the startup is ready to take its vehicles to the streets in a big way, according to a new note from Morgan Stanley. Image source: Smith Collection/Gado/Getty Images Last week, Zoox cut the ribbon on a new serial production facility for purpose-built U.S. robotaxis in Hayward, California, near Silicon Valley. The company will use the facility for engineering, software/hardware, integration, assembly and everything else. According to Morgan Stanley analyst Bran Nowak, who has seen the facility's size and grandeur, suggests that Amazon, which bought Zoox for $1.2 billion in June 2020, is fully committed to ensuring the company builds something viable soon. "Zoox's Hayward, the CA facility, is 220,000 square feet (~3.5 American football fields) and, at full scale, has the capacity to assemble more than 10,000 robotaxis per year," says Nowak. "Notably, this is similar to Waymo's Mesa, AZ plant at 239,000 square feet in size and capable of producing tens of thousands of vehicles per year." Related: Forget Tesla, Ford is eyeing even bigger EV rivals Of course, Tesla does not have any issues with production capacity for its robotaxis since Tesla's ultimate goal for the program is to have every Tesla on the road have the capacity to be a robotaxis. Tesla built nearly 1.8 million vehicles last year. Tesla robotaxi launched in Austin, Texas, in June to much fanfare. Tesla also has ambitions to expand to different locales, but its debut has gotten off to a rocky start. Multiple videos have appeared on social media showing the vehicles failing to achieve the basic road competence of a student driver. User @BradMunchen didn't share where his video came from, but the 42-second clip shows a Tesla robotaxi with its left blinker on following a safe distance behind the vehicle in front of it. But the robotaxi becomes "confused" after the vehicle in front makes a left turn. The autonomous vehicle drives in the wrong lane for five seconds before correcting its course and safely merging into another lane. But there is also a lot of hype around the program. Tesla hopes to figure out Austin soon so it can move on to the next city. Related: Tesla robotaxi safety called into question after frightening video The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
3 hours ago
- Yahoo
10 Electronics To Buy Now Before Tariffs Put Them Out of Reach for the Middle Class
Whether it's a smartphone or a speaker, the prices for electronics are expected to increase across the U.S. because of President Donald Trump's tariffs. The Consumer Technology Association (CTA) released a new report conducted by the Trade Partnership Worldwide (TPW) that details potential price increases for retail buyers. The CTA argues that the tariffs could reduce American consumers' purchasing power by $123 billion. Learn More: Try This: Here are 10 electronics with an average retail price that's predicted to increase, according to the report. Consumers can expect to see smartphone prices rise by about 31% and with a lost consumer spending power of $31.2 billion. The technology research firm International Data Corporation has lowered its smartphone shipment growth forecast to 0.6% year-over-year citing in part the tariffs. An entirely U.S.-made iPhone could cost as much as $3,500 compared to its current price of about $800. Be Aware: Most batteries and their components currently come from China. The consumer price of lithium-ion batteries could increase 18%. On top of expected tariffs, there was already a 3.5% tariff on all lithium-ion batteries and a 7.5% tariff on batteries from China that's set to increase to 25% next year. Retail buyers will need to hear this out: Speaker and headphone phone prices could rise by 22%. An increased cost of lithium batteries and processors, common in headphones, could directly increase production costs. Consumers can expect to see about a 69% increase for video game consoles prices. This could mean a $428 potential average retail cost increase. 'You need to think hard about what you need to buy now, and what can wait for the tariffs to pass,' said Dr. Jay Zigmont, a certified financial planner who recently decided to buy a new gaming PC in light of the looming impact of tariffs. Laptops and tablets could increase by 34% with a potential average retail cost increase of $269 for laptops and $152 for tablets. Many of the most affordable laptops are currently manufactured in China, so a tariff could push even basic models out of reach for budget-conscious shoppers. Consumers can watch for the price of TVs to rise about 11%. 'Monitors and TVs are affected too because they've been aggressively commoditized,' said Marty Bauer, e-commerce expert at Omnisend. 'People are used to getting large screens at low prices, but those prices are built on thin margins and efficient supply chains.' The average retail price of monitors are expected to go up by about 32%. A potential average retail cost increase of $111. The price of connected devices such as routers and modems could rise by 22%. 'They're often overlooked, but they're essential and largely imported,' says Bauer. 'A price hike could not only hurt consumers, but also slow adoption of faster home internet, which in turn would limit access to streaming, remote learning and remote work.' Computer accessories prices could increase 25% for retail buyers. This could mean a $58 increase for printers. Logitech has raised its prices as much as 25% recently on their PC and gaming accessories, as reported in The Verge. Tariffs could increase the cost of various individual computer parts. Desktop computer prices could rise by 24% with a potential average retail cost increase of $287. More From GOBankingRates 9 Downsizing Tips for the Middle Class To Save on Monthly Expenses This article originally appeared on 10 Electronics To Buy Now Before Tariffs Put Them Out of Reach for the Middle Class
Yahoo
3 hours ago
- Yahoo
Vistra Corp. (VST) Is Experiencing A Trend That 'Has Not Happened Since The 90s,' Says Jim Cramer
We recently published . Vistra Corp. (NYSE:VST) is one of the stocks Jim Cramer recently discussed. Vistra Corp. (NYSE:VST) is a sizable American electricity company whose shares have gained 28% year-to-date. The stock has benefited primarily from investor interest in AI and the expected increase in power demand. Vistra Corp. (NYSE:VST)'s presence in the nuclear power generation industry and its partnership with Microsoft have linked the stock's performance to AI-induced power demand in the US. However, the shares have lagged other AI energy plays such as Talen as investors have wondered about Vistra Corp. (NYSE:VST)'s ability to land major deals with big AI companies. Cramer commented on the stock in the context of an idea-driven market: 'I just think that we need to recognize that we are not in a Fed market, we're in a market where people say, you know what, those data centers need a lot of power. Oh, well let's buy Vistra, let's buy Constellation Energy. . . This has not happened since the 90s, David. And there's a plethora of people who are fighting this and not realizing, because they're so index oriented. They don't realize what is really happening here is that people are focusing on themes.' Solar panel workers installing a new farm for clean energy generation. Cramer discussed Vistra Corp. (NYSE:VST) in detail in February when the shares had lost more than 7% year-to-date in the aftermath of the DeepSeek selloff. Here's what he said: 'How about the walloping in the nuclear power utilities like Vistra and Constellation Energy? These stocks are on a rollercoaster and right now they're on the downside. They, they trade like they weren't even wearing their seat belts. When you're going down, which is what you know what happens, you fly up and then you land on your head. Microsoft had a hand in the froth here too, except this time at least it was negative. See these momentum utility stocks, all data center plays won't be as important if Microsoft's actually cutting capital expenditures for data centers, which is also what we heard on Friday. Why the heck do we need to bid up the stocks of tangential utilities when maybe we don't even need to worry about the regular utilities? Maybe they got enough power, of, of course, we don't need Constellation or Vistra.' While we acknowledge the potential of VST as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
