A top Citi banker warns AI could mean a ‘tragic end’ for capitalism if we don’t act now – Business Insider

This article first appeared on GuruFocus. Palantir (NASDAQ:PLTR) shares plunged nearly 10% on Wednesday morning despite an upgrade from HSBC, which moved its rating to “Buy” from “Hold” and raised its price target to $205 from $197. HSBC analyst Stephen Bersey said he expects the U.S. commercial segment to see a compound annual growth rate…

When are 696 pennies worth $16,744,500? When they’re the last pennies ever produced by the U.S. Mint, and they go to auction at Stacks & Bowers. Billed as the last circulating cents, the final omega pennies were sold in 232 lots Thursday, each containing three pennies, one of which was a 24-carat gold cent piece….

Volkswagen has revamped the interior design for its upcoming affordable EV lineup, adding more physical buttons, an updated infotainment system, and a few extras. Volkswagen ID. Polo debuts with all-new EV interior The new interior will debut in the upcoming ID. Polo, the first of four new entry-level electric vehicles. After Volkswagen offered a glimpse…

Bloomberg, company filings (Bloomberg) — Taiwan Semiconductor Manufacturing Co. is earmarking as much as $56 billion in capital spending for 2026, a stronger-than-anticipated projection that signals its confidence in the longevity of the global AI boom. Asia’s most valuable company expects expenditures of $52 billion to $56 billion this year, up at least a quarter…

After telling its United Auto Worker union-represented employees last month that there wouldn’t be any 2025 profit sharing checks for them since the automaker, well, didn’t turn a profit, the automaker decided to give some of its salaried employees performance bonuses anyway. As you may imagine, the UAW’s leadership and its rank and file members…