Waymo has been granted a permit to test its autonomous vehicles in New York City, the first such approval granted by the city. The company told TechCrunch it plans to start testing “immediately.
Waymo received its first permit from the Department of Transportation to start testing in New York City with a trained specialist. The Alphabet subsidiary will start testing eight vehicles in Manhattan and Downtown Brooklyn through late September.
Canadian Pacific Kansas City is entering a multi-year growth phase, with volume growth, intermodal scaling, and unique North American corridor driving future earnings. Despite a Q2 revenue miss, I see the topline weakness as temporary; bulk provides stability, intermodal is the growth engine, and merger synergies will expand margins. CP's single-line Canada-U.S.-Mexico network is unmatched, supporting a projected 15%+ EPS CAGR and justifying a higher valuation premium versus peers.
If you want to know how the City feels about Lloyds Banking Group PLC (LSE:LLOY) after its half-year results, the short answer is broadly positive, with a pinch of caution. The UK's biggest retail bank has cleared its biggest legal headache in years, posted some of its best returns in over a decade, and is still paying out one of the more generous dividends in the FTSE 100.
BP PLC (LSE:BP.) will evidently need more than expectation beating results and a giant oil discovery to impress Royal Bank of Canada.
Kansas City Life Insurance Company is trading at a steep discount—around 56% of tangible book value—despite resolving litigation and cleaning up its balance sheet. The company is preparing for a sale post-2025, with hidden real estate value and normalized earnings power supporting a $60–$75/share takeout. Recent comparable deals and scarcity value for small life insurers suggest a base case sale price of $55, with upside to $75 if a bidding war emerges.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does City Holding (CHCO) have what it takes?
City Holding (CHCO) came out with quarterly earnings of $2.29 per share, beating the Zacks Consensus Estimate of $1.97 per share. This compares to earnings of $1.96 per share a year ago.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Analysts at KBW are staying positive on UK banks despite this week's politics-triggered sell-off in the sector. The recent share price weakness to political uncertainty rather than fundamentals, the broker said in a note.
J Sainsbury PLC (LSE:SBRY) impressed investors and analysts with its first-quarter update on 1 July as price positioning at its grocery business led to the largest market share for the chain since 2016. The performance of the core grocery business was the highlight for UBS, which noted that the 16-week sales growth of 5.0% was better than the top end of City estimates.