Nvidia discloses investments in China self-driving startup WeRide, sending shares up 90%

Chip giant Nvidia revealed in a filing that it took a stake in China’s self-driving startup WeRide last quarter, sending shares skyrocketing. The artificial intelligence winner owned 1.7 million shares in WeRide for a stake worth about $25 million at the end of December, according to a new 13F regulatory filing. WeRide shares surged more … Read more

Retail sales slumped 0.9% in January, down much more than expected

A customer shops for produce at an H-E-B grocery store in Austin, Texas, on Feb. 12, 2025. Brandon Bell | Getty Images Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to a Commerce Department report Friday. Retail sales slipped 0.9% for the month from an upwardly revised … Read more

Warren Buffett’s Berkshire Hathaway sells some DaVita, shares fall

Traders work on the floor of the New York Stock Exchange on Feb. 13, 2025.  NYSE DaVita, a company that provides dialysis services, saw shares tumbling Friday after issuing a weak outlook amid rising care costs, while big investor Berkshire Hathaway offloaded some shares in a preplanned agreement. The health-care stock fell 8% in premarket trading … Read more

Why stock pickers still won’t ever outperform market index long-term

Stock picking looks easy, but the numbers prove it isn’t. S&P Global reports that after one year, 73% of active managers underperform their benchmarks. After five years, 95.5% of active managers miss the mark. After 15 years, nobody outperforms their benchmarks. That is not going to change, according to Charles Ellis, a veteran investment industry figure and believer … Read more

Airbnb gets an upgrade from Baird after the property rental giant posts strong earnings

Airbnb could be due for sizable gains over the next several months despite its recent underperformance, according to Baird. The firm upgraded the stock to outperform from neutral and increased its price target by $35 to $175. That updated target now implies 24% upside potential, as of Thursday’s close. Shares jumped more than 13% in … Read more

Google AI chief tells employees DeeSeek claims are ‘exaggerated’

Google DeepMind co-founder and Chief Executive Officer Demis Hassabis gives a conference during the Mobile World Congress (MWC), the telecom industry’s biggest annual gathering, in Barcelona on February 26, 2024. Pau Barrena | Afp | Getty Images Google‘s AI chief told employees that he’s not worried about China’s DeepSeek and said the search giant has … Read more