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Tesla stock sank, Uber rose after robotaxi event. Here’s why.

Uber (UBER) shares ticked higher on Friday after Tesla's (TSLA) robotaxi event left investors largely disappointed. GLOBALT Investments senior portfolio manager Thomas Martin joins Market Domination Overtime to discuss the competition between the two and why Uber benefitted from the event."Both Tesla stock and Uber reacted the way you would have expected given the robo-day from Tesla. It was a classic example of long-term versus short-term. And they were the opposite for Uber and for Tesla," Martin says of the movement.He tells Yahoo Finance that "if Tesla was able to solve automated vehicles and robo in the near term or you saw a roadmap for even the intermediate term, then that was a problem potentially for Uber longer term. But the devil is in the details."As investors were left looking for more insight and further information about the robotaxi rollout, […]

Karl The Fog October 11, 2024

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A Famed Palestinian Poet On What He Left in Gaza

Credit - Knopf The acclaimed Palestinian poet and essayist Mosab Abu Toha left his native Gaza 10 months ago, but he is still very much there—mentally and emotionally, that is. Since fleeing to Cairo, and then on to upstate New York where he currently resides with his family, Abu Toha dedicates much of his time to amplifying what is happening in Gaza, particularly in the north where many members of his family still reside amid mass displacement and death.“I’m immensely worried,” he says, referring to his sisters in the north, one of whom is heavily pregnant and unable to heed the latest Israeli evacuation orders – issued on Oct. 5, in advance of a new offensive. His third sister has been incommunicado in Gaza's south. “I cannot rest,” says Abu Toha, 31.The poems in Forest of Noise, his new book, […]

Karl The Fog October 11, 2024

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Somerville man accused of assaulting teen inside bathroom at Boston’s Museum of Science, DA says

A Somerville man is facing charges after allegedly assaulting a teenager inside a bathroom at Boston’s Museum of Science this past weekend, the Suffolk County District Attorney’s office announced Thursday.Yandri Hernandez, 24, allegedly hid inside a bathroom on the first level of the museum before he came up behind a 15-year-old girl and placed his hands over her mouth around 12:40 p.m. Sunday.DA Kevin Hayden’s office said the girl thought it was a friend of hers at first. Hernandez allegedly tried to restrain the girl before she screamed and ran out of the bathroom. According to the DA, Hernandez also exited the bathroom and ran away from the scene.A witness who entered the bathroom told police she noticed the first and last stalls were occupied at the time.When the witness entered her stall, she noticed black-and-white sneakers “abnormal in size […]

Karl The Fog October 10, 2024

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AMD likely to launch new AI chips at San Francisco data center event

By Max A. CherneySAN FRANCISCO (Reuters) - Advanced Micro Devices is expected to announce several new artificial intelligence processors and other chips at an event in San Francisco on Thursday, as it grows as a supplier of AI chips in a market dominated by Nvidia.AMD will likely detail its MI325X chip and the next generation MI350 chip that it promised for this year and next year respectively when it unveiled them at the Computex treade show in Taiwan in June.The MI350 series features increased computing horsepower and memory, according to the company’s presentation in June. The AMD design aims to compete with Nvidia’s Blackwell architecture.AMD is also likely to announce new server central processing units (CPUs) and PC chips that feature more AI computing horsepower.The current MI300X AI chip launched late last year and AMD has quickly ramped up production […]

Karl The Fog October 10, 2024

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Idiot Trump Accidentally Debunks Himself at Pennsylvania Rally

Donald Trump played a strange video at his rally Wednesday meant to criticize Kamala Harris’s plan to increase taxes for the middle class. But a closer look at the video finds that none of the clips included advocated for increasing taxes on the middle class.“She’s the taxing queen. She’s going to raise your taxes, where you’re going to be at least paying at least three thousand dollars a year more. Take a look,” Trump said before referring to the screen behind him. Behind him, Trump played a video that edited together different times Harris had announced her plan to “get rid of that tax bill” and “get rid of that tax cut,” referring to the corporate tax rate cuts Trump had installed during his time in office. In fact, two of the included clips are of Harris explicitly talking about […]

Karl The Fog October 9, 2024

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2 Dividend Stocks to Double Up on Right Now

Investing in stocks of strong companies that offer unusually high yields relative to their dividend-paying history can help you populate your portfolio with winners. Here are two dividend stocks that are paying their highest yield in years. You might want to give them added consideration. Here's why.1. NikeRight now, investors have the opportunity to buy shares of one of the most iconic brands in the world while they trade at a discount. Sports apparel conglomerate Nike (NYSE: NKE) generates $50 billion in annual revenue making it, among other things, the global leader in footwear. But Nike's stock price has fallen 54% from its previous peak over weak consumer spending. The lower share price pushed Nike's forward dividend yield up to an above-average 1.83% based on a current quarterly per-share payout of $0.37 -- the highest yield since 2009.It's a challenging […]

Karl The Fog October 9, 2024

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TikTok accused of harming younger users in new US lawsuits

STORY: New lawsuits filed against TikTok on Tuesday accuse the popular social media platform of harming and failing to protect young people.The lawsuits were filed separately in New York, California, the District of Columbia, and 11 other states.They expand Chinese-owned TikTok's legal fight with U.S. regulators and seek new financial penalties against the company.The states accuse TikTok of using intentionally addictive software designed to keep children watching as long and often as possible and misrepresenting its content moderation effectiveness.They also argue that TikTok seeks to maximize the amount of time users spend on the app to target them with ads.Washington, D.C.’s attorney general alleged TikTok operates an unlicensed money transmission business through its live streaming and virtual currency features.TikTok said it strongly disagreed with the claims, (quote) "many of which we believe to be inaccurate and misleading.”TikTok provides safety features […]

Karl The Fog October 8, 2024

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Why is this Idaho high-mountain lake drying up? Sadly, it’s likely a familiar culprit

My friends and I optimistically but naively brought our fly fishing gear on a backpacking trip into the White Clouds at the end of September.We’ve been looking for more out-of-the-way places that might be a little farther from Boise, with maybe a little harder hike to get away from the madding crowds.Ocalkens Lakes seemed to fit the bill: The trailhead is about 27 miles east of Stanley, and the hike was about 4.5 miles, with a 2,000-foot elevation gain up to Ocalkens Lake #2 at 9,200 feet.Just what we were looking for.Until we got there.We were shocked and disappointed to find Ocalkens Lake #2 was nearly dry.Some water still sat a couple of inches deep, but we were able to walk across the muddy lake bed to the other side.Certainly no fishing there.We were able to find Ocalkens Lake #1 […]

Karl The Fog October 8, 2024

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Cramer Congratulates NVIDIA Corporation (NVDA) On Its GPU’s 25-Year Anniversary

We recently published an article titled, 11 Stocks on Jim Cramer’s Radar Right Now. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other stocks on Jim Cramer’s radar right now.In his recent episode of Mad Money, host Jim Cramer focused on the upcoming market events, emphasizing the importance of new consumer price index data alongside a series of reports as the earnings season kicks off.Cramer pointed out that the Labor Department’s nonfarm payroll report revealed significant job growth in September, surpassing expectations. He highlighted the significant rally in stocks on Friday, a response to better-than-expected job creation figures. The U.S. economy added 254,000 jobs in September, significantly exceeding Wall Street’s estimate of 150,000. Additionally, there were upward revisions for the previous two months, with 72,000 more jobs reported for July and […]

Karl The Fog October 7, 2024

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Trump slams staff for ‘stupid’ fail over photo of rally size as Harris hits back at ‘childless’ attacks: Live

Donald Trump campaigned in Juneau, Wisconsin, on Sunday and rebuked his “stupid” campaign staff for showing the “wrong picture” as he once more attempted to answer liberal mockery over his dwindling crowd sizes.The Republican presidential nominee told his crowd again that he plans to be a dictator for one day if he regains the presidency and warned that the country is “finished” if he doesn’t.He also told his audience of working people that he “hated to pay overtime” as an employer, spread paranoia about exploding eco-friendly cars and continued to push the lie that the Biden administration is not helping victims of Hurricane Helene in the southeastern states.Vice President Kamala Harris, his opponent, followed up her tour of storm-hit Georgia and North Carolina with an appearance on the Call Her Daddy podcast, in which she attacked Trump’s running mate JD […]

Karl The Fog October 7, 2024

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