Core Viewpoint - C.H. Robinson's CEO believes that AI will lead to consolidation in the freight brokerage industry rather than disruption, despite a recent stock selloff related to AI advancements in freight platforms [1]. Group 1: Stock Performance and Market Reaction - C.H. Robinson's shares experienced a significant drop of 14.5% on February 12, marking the largest single-day decline in nearly two years, amid concerns over AI-enabled freight platforms disrupting traditional brokerage models [1]. - Following the selloff, the stock has partially recovered but was still down 6.1% at $178.44 in afternoon trading on the day of the report [1]. Group 2: AI Impact and Industry Outlook - CEO Dave Bozeman characterized the stock selloff as a "short-term reaction," emphasizing that C.H. Robinson's scale and proprietary data provide a competitive edge that is hard for smaller rivals to replicate [1]. - Bozeman anticipates increased consolidation in the industry as smaller companies struggle to compete in an AI-driven market that demands extensive data and expertise [1]. - C.H. Robinson reported a fourth-quarter profit that exceeded Wall Street estimates, partly due to AI-driven efficiencies that improved operations and reduced manual processes [1].

Stocks to watch as Trump's new tariffs spell more uncertainty | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A trader works on the floor, as a screen displays U.S. President Donald Trump during a press briefing at the White House following the Supreme Court's ruling on tariffs, at the New York Stock... [Purchase Licensing Rights, opens new tab] Read more- Companies[Alcoa Corp]Follow[Alibaba Group Holding Ltd]Follow[Best Buy Co Inc ...

AbbVie on Monday said it would invest $380 million to build two new active pharmaceutical ingredient manufacturing facilities at its Illinois campus, expanding its domestic production capacity for its... ...

Engie eyes bitcoin mine and storage system at huge new Brazil solar plant | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]The Engie logo is displayed during the 107th session of the Congress of Mayors organised by the "France's Mayors' Association" (AMF) at the Paris Expo Porte de Versailles convention center in... [Purchase Licensing Rights, opens new tab] Read more- Companies[Engie North America Inc.]Follow[Engie SA]FollowRIO DE ...

PayPal attracts takeover interest after stock slide, Bloomberg News reports | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A smartphone with the PayPal logo is placed on a laptop in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/Illustration [Purchase Licensing Rights, opens new tab]Feb 23 (Reuters) - PayPal [(PYPL.O), opens new tab] is attracting takeover interest from potential buyers after a stock slide wiped out ...

Core Insights - U.S. technology giants Alphabet, Amazon, Meta, and Microsoft are projected to invest approximately $650 billion in AI-related infrastructure in 2026, a significant increase from $410 billion in 2025 [1] Investment Trends - The investment surge indicates a shift into a "more dangerous phase" of the AI boom, characterized by rapidly increasing investments in physical infrastructure and a growing dependence on external capital [1] - The demand for computing resources is outpacing supply, prompting hyperscalers to accelerate their investments to meet future demand [1] Financial Strategies - The four companies have reduced share buybacks to finance the increase in capital expenditures [1] - Significant spending creates downside risks if investments do not yield expected returns, particularly for companies like Anthropic and OpenAI, which require major product breakthroughs to secure funding for potential IPOs [1] Market Implications - The tech investment boom is expected to exert upward pressure on U.S. economic growth, contributing approximately 50 basis points to GDP growth in 2025 and potentially around 100 basis points in 2026 [1] - However, this spending may also lead to inflation in technology and communications equipment and increase electricity prices in certain regions [1] Sector Risks - The aggressive investment in AI is creating existential risks for other sectors, particularly software companies and data providers, as evidenced by recent selloffs in software stocks [1] - A severe stock market correction could hinder growth and limit capital-raising capabilities for companies, reminiscent of the Dot-com bubble in 2000, although current market movements are described as much smaller [1]

WASHINGTON, Feb 23 (Reuters) - New orders for U.S. factory goods fell in December amid a sharp decline in commercial aircraft bookings, but demand elsewhere was strong, partly driven by robust investment in artificial intelligence.Factory orders dropped 0.7% after an unrevised 2.7% increase in November, the Commerce Department's Census Bureau said on Monday. Sign up here.Economists polled by Reuters had forecast factory orders would slip 0.6%. Orders advanced 3.7% on a year-on-year basis in December. The r ...

Skip to main contentExclusive news, data and analytics for financial market professionalsLearn more aboutRefinitivBayer files lawsuit against Johnson & Johnson, Janssen BiotechFebruary 23, 20263:43 PM UTCUpdated agoBy ReutersThe 120 metres high Bayer Cross, logo of German pharmaceutical and chemical maker Bayer AG, consisting of 1710 LED glass bulbs is seen outside the industrial park "Chempark" of the chemical... Purchase Licensing Rights, opens new tab Read moreCompaniesBayer AGJanssen Biotech IncJohnson ...

Core Viewpoint - Volvo Cars is recalling over 40,000 EX30 electric SUVs due to a risk of battery overheating, which may impact its safety reputation and incur significant costs [1][1][1] Group 1: Recall Details - The recall affects 40,323 EX30 Single-Motor Extended Range and Twin-Motor Performance vehicles [1][1] - Volvo will replace the high-voltage battery packs at no cost to the owners and has advised them to limit charging to 70% to mitigate fire risks [1][1][1] Group 2: Financial Implications - The cost of replacing the battery packs alone could reach approximately $195 million, excluding logistics and repair expenses [1][1] - The automaker is currently in discussions with the battery supplier regarding the financial aspects of the recall [1][1] Group 3: Industry Context - Battery safety is a critical concern for electric vehicle manufacturers, as evidenced by past recalls in the industry, such as General Motors recalling 140,000 Chevy Bolts due to similar issues [1][1] - Volvo's reputation for safety is central to its brand identity, making the resolution of this issue particularly important [1][1][1]

Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Frontera's Colombian portfolio comprises 17 exploration and production blocks, including the Quifa and Cubiro fields. The company reported average annual production of 38,934 barrels of oil equivalent per day at the end of the third quarter last year. Reporting by Nelson Bocanegra and Marianna Parraga; Editing by Hugh Lawson Our Standards: The Thomson Reuters Trust Principles., opens new tab C ...