1. The race to driverless cars: SoftBank (SFTBF) and Toyota (TM) are forming a joint venture that will use driverless-car technology to offer new services, such as mobile convenience stores and delivery vehicles in which food is prepared en route. SoftBank will own just over half of Monet, the new …

SoftBank and Toyota want to change the world of transportation through autonomous vehicles and other technologies. The high-profile Japanese companies are forming a joint venture called Monet to develop businesses that will use driverless-car technology to offer new services, such as mobile convenience stores and delivery vehicles in which food …

Key Takeaways Chipotle stock is set to undergo a 50-for-1 split after markets close Tuesday, with shareholders receiving 49 additional shares for each share they owned previously.The first day of Chipotle’s split-adjusted trading will be on Wednesday.The split will lower the cost of each individual share and could make the …

Key Takeaways The bitcoin price has continued its month of suffering, as the price briefly dipped below $60,000 on Monday.Former bitcoin exchange Mt. Gox has announced distribution of funds owed to former customers will begin in early July.The Securities and Exchange Commission (SEC) closed its investigation into Ethereum without filing …

Key Takeaways McDonald’s new “$5 Meal Deal” kicks off Tuesday as a number of fast-food giants have lowered prices or announced limited-time promotions in recent weeks.Fast-food rivals Wendy’s and Burger King have also recently announced plans to lower prices or introduce temporary value deals.Companies across fast food and other industries …

Key Takeaways A new study by insurance giant Prudential has sounded the alarm for 55-year old Americans about their readiness for retirement.With only a decade until retirement, 55-year-old Americans have median retirement savings of less than $50,000, Prudential found.Prudential projected a rise in “silver squatters” who will need to rely …

Key Takeaways Shareholders will vote on executive compensation plans, including that of CEO Marc Benioff, who reportedly earned more than $39 million in total compensation for fiscal 2024.They will also vote on whether to re-elect the board of directors, whether to reinstate the employee equity incentive plan, and on proposals …

Rivian shares jumped 50% in extended trading on Tuesday following news that German automaker Volkswagen plans to invest $5 billion in the electric vehicle startup as part of a joint venture to create industry-leading vehicle software technology. Volkswagen will make an initial $1 billion investment in the EV maker and expects …

Amazon announced on Tuesday that its 10th annual Prime Day sales event will take place July 16-17.Last year’s event saw the largest single sales day in Amazon’s history on the first day, when customers bought more than 375 million items worldwide.For the first eight Prime Day events, Amazon’s share price …

Eli Lilly is partnering with ChatGPT maker OpenAI to use artificial intelligence to develop new treatments to combat drug-resistant diseases.The companies called drug-resistant diseases one of the “top public health and development threats” in global health.The partnership joins Eli Lilly’s other efforts in this area, including investments of millions into …