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[ad_1] CNN  —  Tariffs on imported cars and auto parts cost General Motors $1.1 billion in the second quarter, the nation’s largest automaker said Tuesday. That hit to its bottom line was largely responsible for a 21% drop in net income for the period. The company said it expects tariffs to cost it between $4 billion to $5 billion by year’s end. The auto industry has been greatly disrupted by President Donald Trump’s tariffs – more than most businesses – as the taxes on imported cars and auto parts went into effect long before most other tariffs. The industry so…

[ad_1] Here are Tuesday’s biggest calls on Wall Street: Deutsche Bank reiterates UnitedHealth as buy The firm lowered its price target on the stock to $328 per share from $362, but said it is sticking with its buy rating. “UNH is scheduled to report Q2 earnings on Tuesday, July 29, before market open. Since pulling guidance after Q1, investor sentiment has deteriorated significantly amid a series of negative headlines spanning both company-specific and broader industry headwinds.” Compass Point downgrades Circle to sell from neutral Compass said it is concerned about the effect of the recently signed stablecoin legislation. “After U.S.…

[ad_1] AI companies are pushing agents as the next Great Workplace Disruptor, but experts say they’re still not ready for prime time. AI agents often struggle to make decisions by themselves, hallucinate frequently, can’t cooperate with other agents, fail at confidentiality awareness, and integrate poorly with existing systems. Industry pioneers like Andrej Karpathy and Ali Ghodsi have said that, like the deployment of autonomous vehicles, humans need to be in the loop in order for agents to succeed.  A startup called Mixus wants to address that with its AI agent platform that not only keeps humans in the workflow, it…

[ad_1] It’s time to step to the sidelines when it comes to Lululemon Athletica , according to JPMorgan. The bank downgraded shares of the athleisure retailer to neutral from overweight. Analyst Matthew Boss slashed his price target to $224 from $303. The new forecast is less than 1% above Monday’s close. “While lululemon remains underpenetrated internationally relative to peers with a notable opportunity to scale brand awareness, our work points to a normalizing pace of growth in China Mainland & product assortment challenges in the U.S. have driven elevated markdowns & a more moderate revenue growth profile for the business,…

[ad_1] Circle Internet Group could ironically be under pressure after the passing of key crypto legislation, according to Compass Point. Analyst Ed Engle lowered his rating on the USDC stablecoin manager to sell from neutral and cut his price target on the stock $130 from $205. The new forecast implies downside of 40% from Monday’s close. President Donald Trump on Friday signed into law the GENIUS Act, a piece of legislation dedicated to regulating stablecoins. But while this legislation is a positive for the crypto industry, Engle believes it will Circle will be under pressure in the short term. “While…

[ad_1] UBS is going all in when it comes to Albertsons . The bank upgraded shares of the grocery store chain to a buy rating from neutral. Analyst Mark Carden raised his 12-month price target to $27 per share from $22, implying upside ahead of 35%. UBS’ rating change comes after a 7% drop this month. ACI mountain 2025-07-01 ACI in July “ACI’s recent pullback doesn’t fully reflect 1) its top line opportunity from pharmacy cross-shopping & digital, 2) its profitability opportunities from centralizing buying & retail media, & 3) its footprint-driven competitive advantages,” Carden wrote. “It’s already lowered expectations…

[ad_1] When Paddy Lambros interviews job candidates, he sometimes trips them up from the start.Rather than asking people about their background or to share why they’re a good fit for the job, the veteran recruiter will often invite them to ask him a question.Lambros said that the best candidates typically ask the most interesting and insightful questions, and the weaker ones don’t, or haven’t prepared anything to ask. That’s why, after years of conducting interviews, he often starts by asking candidates to go first.”Your questions are a huge tell,” Lambros told Business Insider.He said that candidates’ answers often signal what…

[ad_1] London AP  —  Hewlett Packard is owed more than £700 million ($943 million) by the estate of late British tech tycoon Mike Lynch and his former finance director after they lost a fraud case involving Lynch’s software company, a UK High Court judge ruled Tuesday. The court’s decision comes nearly a year after Lynch was killed when his superyacht sank off Sicily, where he had gathered with friends and family to celebrate his acquittal months earlier in a separate US criminal trial. The US tech company, now known as Hewlett-Packard Enterprise (HPE), had accused Lynch of fraud and conspiracy…

[ad_1] A kitchen-table side hustle is on the cusp of requiring an advanced degree.The data annotation industry has paid hundreds of thousands of part-time contractors around the world to filter, rank, and train AI responses for the world’s largest AI companies. Now, who does that contracting work is changing, according to one tech CEO.Garrett Lord, the CEO of job search and AI training platform Handshake, said the data annotation industry is moving from requiring generalists to needing highly specialized math and science experts.”Now these models have kind of sucked up the entirety of the entire corpus of the internet and…

[ad_1] Plenty of people find lawyers the same way they search for late-night Pad Thai: they Google it.But the attorneys who pop up first, thanks to sponsored links or highway billboards, are often booked solid or charge premium rates, says Andrew Guzman, a former operator at a small law firm turned startup founder.Now he’s trying a different approach. His new startup, OpenLaw, uses artificial intelligence to match people with vetted lawyers online. The company has raised $3.5 million in funding to fuel expansion.Here’s how it works: A client submits a brief description of their legal issue on OpenLaw’s site. The…