Stellantis $26 billion hit overhauling its business

Shares of automaker Stellantis dropped more than 14% in European trading on Friday, after the company said it expects to take a 22-billion-euro ($26 billion) hit from overhauling its business to accelerate the rollout of electric and hybrid vehicles. Shortly after the European opening bell, Milan-listed shares of the firm were 14.4% lower. Stock Chart…

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Dubs confident oft-injured Kristaps Porzingis ready to play

Phoenix – The Golden State Warriors Expect their latest addition, the Experience Center kristaps porzingisThe team is scheduled to meet in Los Angeles on Friday night before Saturday night’s game against Los Angeles Lakers. Warriors coach Steve Kerr expressed doubt that Porzingis would get medical clearance to return to the Lakers game, but anticipated that…

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Is it ‘illogical’ panic or a SaaS apocalypse?

The Anthropic AI logo is displayed on a mobile phone with a visual digital background. Nurphoto | Nurphoto | Getty Images The software sector faced renewed market concerns this week after artificial intelligence company Anthropic released new AI tools, triggering a sell-off in software-as-a-service and data provider stocks.  Anthropic’s new AI tools, built for its Claude…

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