Demand for digital asset exchange-traded funds (ETFs) isn’t slowing down, with nearly half of all investors surveyed for a new report claiming they were planning to invest in the American crypto products. It isn’t just the interested boomers buying via brokerage accounts: millennials are also keen to snap up the new products, according to a Thursday report by Charles Schwab.A total of 45% of respondents said they were planning to invest in digital assets via ETFs over the next year. Last year, that figure stood at 38%. “ETF investors grew more bullish toward several sectors and styles over the last year, and…
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Lexus is significantly updating its flagship SUV, the LX, for the 2025 model year, introducing both a hybrid powertrain and a new off-road-oriented trim. The LX700h marks the brand’s first hybrid variant in this lineup, combining a twin-turbocharged 3.4-liter V6 engine with an electric motor and a nickel-metal hydride battery. This system increases the SUV’s power and torque compared to the standard LX600, while slightly improving fuel efficiency. Additionally, Lexus is launching the Overtrail trim, packed with off-roading equipment and designed to take the LX’s off-road capabilities to new heights. This trim will only be available with the LX700h hybrid…
By Abhirup Roy and Akash Sriram (Reuters) -Tesla CEO Elon Musk showcased a long-promised robotaxi with two gull-wing doors and without a steering wheel or pedals at a much-hyped event on Thursday, paving the path for what he has bet will drive long-term growth for the electric vehicle maker. Musk, who arrived at the stage in one of the robotaxis – called Cybercab – said production will start in 2026 and the vehicles will be available for customers to buy for less than $30,000. They will cost 20 cents a mile to operate, he said. “The vast majority of the…
Jeff Bezos-Led Amazon Almost Ran Out Of Cash 24 Years Ago. At $400B, It Is Now Projected To Have As Much Cash As Apple And Microsoft Combined By 2027: Here’s MoreJeff Bezos’ Amazon.com Inc. (NASDAQ:AMZN) once nearly ran out of cash 24 years ago, during the dot-com bubble crisis of 2000. It was once reportedly left with just 10 months of cash, with its stock price plunging to $7 from $107.Fast forward to 2024, Amazon is expected to have nearly as much cash on its balance sheet as rivals Apple Inc. (NASDAQ:AAPL) and Microsoft Corp. (NASDAQ:MSFT) combined by 2027.Don’t Miss:What…
Jeep has decided to phase out the V-8 engine option for the three-row Grand Cherokee L, following similar moves with the Wagoneer and two-row Grand Cherokee models. This change was first seen in November 2023 when Jeep removed the 5.7-liter and 6.4-liter V-8 engines from the 2024 Wagoneer and Grand Wagoneer. Now, the Grand Cherokee L will also drop the V-8 from its offerings, leaving the 3.6-liter V-6 as the only available engine for this model. The discontinued 5.7-liter V-8 engine provided 357 horsepower and could be paired with either rear-wheel or all-wheel drive. It came with an eight-speed automatic…
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The Skoda Enyaq RS Race is a track-focused version of the Skoda Enyaq, a stylish electric crossover sibling to the Volkswagen ID.4. Skoda’s decision to turn a family-oriented EV into a race car may seem unusual, but the result is an exciting, performance-focused vehicle that stands out visually and in terms of driving dynamics. The Enyaq RS Race sheds nearly 700 pounds, providing hope that future EVs don’t have to be dull. Skoda’s motorsport division, which developed the Fabia RS Rally2, is behind the transformation, making the Enyaq RS Race lower, wider, and significantly lighter than its road-going counterpart. The…
(This Oct. 9 story has been corrected to fix the analyst’s estimate of the size of the China market to 25%, not 35%, of the global total, in paragraph 9) By Casey Hall SHANGHAI (Reuters) – European luxury shares have slid on investor concerns that Hermes handbags and Dior slingbacks may be Beijing’s next targets for retaliation, following the EU’s decision to slap tariffs on China EVs, but analysts say such a move is unlikely. “It’s a question of how Beijing will respond to the EV tariffs. Is there going to be an escalation? I think yes. Is it going…
By Rozanna Latiff KUALA LUMPUR (Reuters) – China’s ByteDance, the parent of social media platform TikTok, has laid off more than 700 workers from its Malaysian unit as the company shifts focus towards greater use of AI in content moderation, two sources familiar with the matter told Reuters. The employees, most of whom were involved in the firm’s content moderation operations, were informed of their dismissal by email late Wednesday, the sources said, requesting anonymity as they were not authorized to speak to media. In response to Reuters’ queries, TikTok confirmed the layoffs on Friday, but said it was unable…
Airports are looking to private wireless networks to improve operations, execs said at MWC Las Vegas.Passengers could see benefits like smoother baggage claim and check-ins, the panelists said.This article is part of “5G and Connectivity Playbook,” a series exploring one of our time’s most important tech innovations. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking “unsubscribe” at the bottom of the…