GM Plans Renewed Push on Driverless Cars After Cruise Debacle
This time around, the project would be focused on autonomous cars for personal use, rather than a robotaxi service, these people said. The first step is development of hands-free, eyes-free driving with a human in the vehicle, with the ultimate goal being a car that can drive with no one at the wheel, they said.
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Americold opens $100M food hub in Kansas City
Cold storage provider Americold announced Tuesday that is has opened a 335,000-square-foot import-export hub in Kansas City, Missouri. The company partnered with Class I railroad Canadian Pacific Kansas City (CPKC) to develop the $100-million-plus facility. The new site can handle containers exceeding 50,000 pounds and will provide USDA inspections to circumvent potential border delays. The location will directly cover a 300-mile radius for food storage and distribution and act as a consolidation point for long-haul shipments. This is Americold's (NYSE: COLD) first location on the CPKC (NYSE: CP) line. The site is touted as a key hub for CPKC's single-line rail service for temperature-controlled shipments between the U.S. and Mexico. 'This is more than infrastructure – it's a fully integrated solution that connects food producers to consumers faster and more efficiently,' said Americold CEO George Chappelle in a news release. 'Simply put, we've unlocked a better way to move food.' The new hub is expected to create 190 jobs in Kansas City. 'With direct rail connectivity through CPKC and a talented local workforce, this new facility highlights how strategic partnerships can reshape industries and accelerate innovation,' said Kansas City, Missouri Mayor Quinton Lucas. 'We're excited to be at the center of that transformation.' Americold said the new location is part of a larger plan to open a network of import-export hubs through strategic partnerships with the goal to 'improve how food moves from origin to destination.' The company announced in May that it began construction on its first import-export hub in Canada. The location at Port Saint John in New Brunswick, Canada will be served by CPKC and global ports operator DP World. 'This facility is the first of many across our unrivaled North American network,' said CPKC President and CEO Keith Creel. 'By combining Americold with our secure, single-line cross-border service, we have created a new refrigerated supply chain for our customers shipping food and other temperature-controlled products across Canada, the United States and Mexico.' Americold's portfolio includes 1.4 billion cubic feet of refrigerated space at 235 facilities throughout North America, Europe, Asia-Pacific and South America. More FreightWaves articles by Todd Maiden: Forward Air misses Q2 mark; investors waiting to see if company will be sold GXO encouraged by pre-peak season activity, well positioned for 2026 Lineage says high food prices weighing on warehouse occupancy The post Americold opens $100M food hub in Kansas City appeared first on FreightWaves.
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Under Armour (UAA) Declines on 3rd Day as Analysts Turn Pessimistic
We recently published . Under Armour Inc. (NYSE:UAA) is one of the best-performing stocks on Monday. Under Armour extended its losing streak to a third consecutive day on Monday, shedding another 5.88 percent to close at $5.12 apiece following the rating and price target downgrades from two investment firms. In its market note, Truist Securities lowered its price target for shares of Under Armour Inc. (NYSE:UAA) to $5 from $7 previously, while maintaining a 'hold' rating, amid tariff headwinds that continue to put incremental pressure on its bottomline. While Under Armour Inc. (NYSE:UAA) has previously expressed optimism about emerging positive indicators, Truist said it was waiting for more signs that turnaround initiatives and heavy brand investments would help drive demand before meriting an upgrade. For its part, Stifel gave a price target higher than Truist, at $9, albeit a downgrade from the $10 previously. Stifel also maintained a 'buy' recommendation for the stock. According to Stifel, its revision reflected Under Armour Inc.'s (NYSE:UAA) weaker outlook guidance for the second quarter of fiscal year 2026, adding that the full fiscal 2026 could be half of 2025 levels. Copyright: halfpoint / 123RF Stock Photo On Friday, Under Armour Inc. (NYSE:UAA) said it narrowed its net loss for the first quarter of fiscal year 2026 by 99 percent to $2.6 million from $305 million in the same period last year. While we acknowledge the potential of UAA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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3 Investments That Equal the ‘Perfect Portfolio' — and How Anyone Can Invest in Them
Choosing the right investments can seem complicated — you need to balance large-, medium- and small-cap funds, as well as growth, value and balanced options. And then there are bonds, alternative investments and even cash. Fortunately, an investing expert, Noah Hamman, has a solution. He's the CEO of AdvisorShares, an investment firm with over $815 million in assets. AdvisorShares offers 15 actively managed exchange-traded funds, including stock, bond and thematic funds, as well as multi-asset offerings, according to Business Insider. Hamman came up with a short list of investments that will provide a diversified portfolio that anyone can use. Here's what you need to know about these investments that equal the 'perfect portfolio' and how you can invest in them. Read Next: For You: Exchange-Traded Funds Hamman recommended exchange-traded funds or ETFs. According to ETFs are similar to mutual funds in that they consist of a portfolio of investments. ETFs can be actively or passively managed, meaning that they may have a portfolio manager who buys and sells positions in the fund to maximize returns (active) or they may simply mimic or track, an index like the S&P 500 (passive). ETFs trade on exchanges at market prices and can be less expensive and more tax-efficient than mutual funds. Check Out: Buy an S&P 500 Index Fund The first fund that Hamman recommended is the SPDR S&P 500 ETF Trust (SPY). This ETF tracks the S&P 500, which is the index most analysts look at when determining the health of 'the market.' There are 500 leading U.S. companies on the S&P 500 and it has returned about 100% over the past 5 years, per Yahoo. Buy a Global Stock Fund The S&P 500 includes only U.S. stocks and investors should have some international exposure as well, according to Hamman. He suggested purchasing the iShares MSCI EAFE ETF to broaden your investing horizons. This ETF is made up of 900+ companies, mostly large and midsize, which are based in Europe, Australia and the Far East (Asia). Buy Bonds A diversified portfolio should also include bonds, as they often move in the opposite direction from stocks. The bond ETF that Hamman recommended is BlackRock's iShares Core US Aggregate Bond ETF. This fund tracks a U.S. investment-grade bond index. How To Create Your Perfect Portfolio Now that you know the three investments you can buy to diversify your portfolio, it's time to buy. It's not quite as simple as putting a third of your money in each of these three ETFs, but it's not difficult either. The amount you'll want to invest in each fund will depend on a few factors, including your goals, your age and your tolerance for risk. First, consider your investing goal. Are you investing for retirement? For the short term? Or just to see how you can do in the market? Then factor in your age. If your goal is retirement and this is your entire nest egg, you may want to be more conservative, particularly if retirement isn't far off. If you're younger — say, in your 20s or 30s — you'll have more time to make up any losses, so you may be able to take more risk. Your portfolio can be more aggressive than that of someone who is 50 or 60. The third factor is how much risk you can tolerate. Some people can invest and then walk away, only checking their account balance when a quarterly statement comes in. They know if there's a dip in one of their positions, it's likely to come back eventually. Others check their accounts every day and get concerned if their balance is down. The former is comfortable taking more risk, while the latter should take less risk if they want to sleep at night. Of the three types of ETFs that Hamman suggested, bonds tend to be the least risky. Next are U.S. stocks and then global stocks. Consider this when deciding how much to invest in each fund. Then watch the performance and adjust as needed. Hamman's suggested funds offer easy diversification and are a good introduction to the market for a beginning investor. Once you have some experience, you may want to branch out to other kinds of investments. Or if you're pleased with the performance you're getting, you can always stick with your diversified portfolio of three investments. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 5 Cities You Need To Consider If You're Retiring in 2025 How Much Money Is Needed To Be Considered Middle Class in Your State? This article originally appeared on 3 Investments That Equal the 'Perfect Portfolio' — and How Anyone Can Invest in Them Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
