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The Black Hole Engulfing the World's Bond Markets BloombergThere's a multitrillion-dollar black hole growing at the heart of the world's financial markets. Negative-yielding debt -- bonds worth less, not more, if held to ...
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Investing.com - Ford rose in midday trade on Friday after it announced Volkswagen (DE:) was investing $2.6 billion into its self-driving unit Argo.
The investment in the startup gives Argo a valuation of more than $7 billion, making it one of the highest valued autonomous vehicles companies.
VW is buying $500 million shares from Ford and is investing $1 billion in cash, as well as contributing to its European self-driving unit.
Ford acquired a majority stake in the Pittsburgh startup in 2017 and will now share a minority stake with VW and Argo’s founders.
“While Ford and Volkswagen remain independent and fiercely competitive in the marketplace, teaming up and working with Argo AI on this important technology allows us to deliver unmatched capability, scale and geographic reach,” Ford President and CEO Jim Hackett said.
Ford (NYSE:) gained 2.2% in midday trade, while rival Tesla (NASDAQ:) rose 1.3% and General Motors (NYSE:) was up 1.9%.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Amazon's Prime Day prices revealed!
Angela Lang/CNETAmazon Prime Day starts Monday, and Amazon has now revealed (via press release) a list of which Amazon devices will be on sale, and what their prices will be. A few of these deals are already available, like the Echo Input for $14.99. (See below for more.)
There are plenty of price cuts, but this year's list is more about meeting past sales rather than beating them: while a few items beat Black Friday 2018 pricing, many others merely rival it, while some are priced a little higher. The Fire TV Cube, for example, will be $69.99, but it was $59.99 last November.
One notable outlier: The Facebook Portal (which features built-in Alexa, hence its inclusion in the "Amazon devices" list) will sell for $79.99, an all-time low. (It was briefly priced at $99 ahead of Mother's Day, but normally runs $199.)
One notable omission: The all-new Echo Show 5, which debuted last month at $89.99 and will apparently stay there for Prime Day. The larger Echo Show, however, will drop to $159.99, its all-time low.
Amazon says "select" device deals will hit the site a day early, on Sunday, July 14, at noon PT. And if you already own an Alexa-capable device, you can start asking "What are my deals?" as early as Saturday, July 13.
Here's a roundup of the deals available right now, followed by the complete list of Amazon device deals for Prime Day. Full disclosure: That list is mostly taken directly from an Amazon PR email that expands on the aforementioned press release. We'll be parsing these (and other) deals throughout the weekend to highlight the best ones once the sale starts on Monday, July 15 at 12:01 a.m. PT.
Read next: Our ongoing list of best Prime Day 2019 deals.
Note: CBS All Access and Showtime are divisions of CNET's parent company, CBS.
Another deal exclusively for Prime subscribers, the Ring Video Doorbell Pro and Echo Dot bundle drops to just $169 when you add them to your shopping cart. Previously the Ring was on sale for $169 all by itself -- the Dot just adds icing to the cake.
Yep, the third-gen Dot hasn't been priced this low since November.
Prime Day Fire TV deals
- Save $25 on Fire TV Stick with Alexa Voice Remote, just $14.99
- Save $25 on Fire TV Stick 4K with Alexa Voice Remote, just $24.99
- Save $50 on Fire TV Cube, just $69.99
- Save $100 on Fire TV Recast, now starting at just $129.99
- Get a $45 Sling TV Credit, which can be applied to $15 off your first three months when you buy a Fire TV Stick, Fire TV Stick 4K, Fire TV Cube, or Fire TV Recast
- Get 50% off for three months when you subscribe to SHOWTIME or STARZ on Prime Video channels or in app
- Get 50% off for three months when you subscribe to CBS All Access on Prime Video channels
- Get Sega Classics for just $4.99
Prime Day Echo/Alexa deals
- Save $50 on Echo, just $49.99
- Save $70 on Echo Show just $159.99
- Save $40 on Echo Plus, just $109.99
- Save $20 on Echo Input, just $14.99
- Save $120 on Portal from Facebook with Alexa Built-in, just $79
Prime Day Fire Tablet deals
- Save $20 on the all-new Fire 7 tablet, just $29.99, or get two for $49.98 -- a $50 savings
- Save $30 on the Fire HD 8 tablet, just $49.99, or get two for $79.98 -- an $80 savings
- Save $50 on the Fire HD 10 tablet, just $99.99, or get two for $179.98 -- a $120 savings
Prime Day deals on kids' devices
- Save $40 on the all-new Fire 7 Kids Edition tablet, just $59.99, or get two for $99.98 -- a $100 savings
- Save $50 on the Fire HD 8 Kids Edition tablet, just $79.99, or get two for $139.98 -- a $120 savings
- Save $50 on the Fire HD 10 Kids Edition tablet, just $149.99, or get two for $279.98 -- a $120 savings
- Save $25 on Echo Dot Kids Edition, just $44.99
Prime Day Kindle deals
- Save up to $80 on Kindle Oasis (ninth generation), plus get a $5 eBook credit and three months free Kindle Unlimited, starting at just $174.99
- Save up to $50 on Kindle Paperwhite, plus get a $5 eBook credit and three months free Kindle Unlimited, starting at just $84.99
- Save $30 on the all-new Kindle, plus get a $5 eBook credit and three months free Kindle Unlimited, just $59.99
Prime Day home security deals
- Save $30 on Ring Video Doorbell, just $69.99
- Save $80 on Ring Video Doorbell Pro, just $169
- Save $130 on a Ring Alarm 14-piece Kit, just $199
- Save $60 on Ring Spotlight Cam, just $139
- Save $55 Ring Stick Up Cam, just $124.99
- Save $60 on a Blink Indoor Cam two-cam system, just $79.99
- Save $80 on the all-new Blink XT2 two-cam system, just $99.99
Prime Day smart home deals
- Save up to $200 on Eero Wi-Fi systems
- Save $100 on an Eero Router, just $99
- Get an Amazon Smart Plug and Echo for just $54.98
- Save $50 on the all-new Ecobee Smart Thermostat with Alexa built-in, just $199
Amazon has also revealed some details regarding Prime Day electronics deals:
- Save up to 50% on Select Sony LED Smart TVs
- Save big on Samsung QLED 65-inch TV
- Save up to 50% on select PC gaming laptops, desktops, monitors, components, and accessories
- Save $120 on Portal from Facebook with Alexa Built-in, just $79
- Save on select productivity monitors, accessories and networking products
- Save on select Chromebooks
- Save up to 50% on select PC streaming equipment
- Save $50 on the all-new ecobee Smart Thermostat with Alexa built-in, just $199
- Save 30% on connected home devices
- Save big on select SanDisk and WD storage and memory products
- Save 30% on select Phone Cases and Accessories
- Save up to 40% on headphones from top brands
As always, we'll be tracking this and other Prime Day news through next week. Stay tuned!
Watch this: Amazon Prime Day 2019: Everything you need to know
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CNET's Cheapskate scours the web for great deals on PCs, phones, gadgets and much more. Note that CNET may get a share of revenue from the sale of the products featured on this page. Questions about the Cheapskate blog? Find the answers on our FAQ page. Find more great buys on the CNET Deals page and follow the Cheapskate on Facebook and Twitter!
Amazon’s list of Prime Day deals has finally dropped. The retailer’s Black Friday-style sale for its Prime members is one of the biggest online shopping days of the year, as other retailers now take part with their own competitive sales. But some of the best deals to be found on Prime Day are those on Amazon’s own devices. This year, Amazon is pushing its Echo speaker and Fire TV Stick devices in particular, with sale prices that are 50% off or higher from the regular list prices.
According to an analysis of this year’s deals by Offers.com, the three biggest device deals this year are the $49.99 Echo Smart Speaker 2nd Generation (50% off its regular price of $99.99); the $14.99 Fire TV Stick (63% off its regular price); and the $24.99 Fire TV Stick 4K (50% off its regular price).
These prices don’t officially go live until Prime Day’s now two-day sale begins on Monday, July 15 at 12 AM PT.
However, the devices may not be selling for their “list” price today — Amazon has discounted some items ahead of Prime Day to encourage early shopping. And some will go on sale ahead of Prime Day on Saturday, July 13 — but only if you ask Alexa “what are my deals?” to gain early access.
Compared with Prime Day 2018, 70% of this year’s deals are better and three are tied, with an average price decrease of 14.5%, according to Offers.com’s report. And compared with Black Friday 2018, 72% of the deals are better, and three are tied, with an average price decrease of 17%.
Above: Prime Day deals comparison via Offers.com
What’s interesting is that last year’s Prime Day and Black Friday/Cyber Monday bestseller, the standard Echo Dot, isn’t included on the Prime Day 2019 device deals list. Instead, Amazon is listing discounts for its Echo, Echo Show, Echo Plus, Echo Input, Echo Dot Kids Edition, and even Facebook’s Portal (which has Alexa built-in), along with its Alexa-powered Fire TV devices.
That being said, the Echo Dot was marked down ahead of Prime Day to its lowest-ever price of $24.99 — half off its list price of $49.99.
Other Amazon’s device deals span Kindle tablets and e-readers, Ring and Blink home security products, as well as smart home products from ecobee, eero, and Amazon itself.
More broadly, Amazon says it will offer over a million deals during the sales event, with a special focus this year on “celeb deals” from Jaden Smith, Marshmello, Zac Brown, and others, including the exclusive launch of Lady Gaga’s HAUS Laboratories beauty collection.
The full list of Amazon’s device deals is below.
Fire TV
Echo & Alexa
Fire tablets
Kids Devices
Kindle
Home Security
Smart Home
Amazon’s Prime Day 2019 non-device deals, meanwhile, can be found here.
By Jeremy Schneider | NJ Advance Media for NJ.com | Posted July 12, 2019 at 09:30 AM | Updated July 12, 2019 at 11:02 AM
What was once rumored is now official: Ford is going to use VW's electric car platform, called MEB, for some of its own battery-powered vehicles. The announcement builds on the "global alliance" that the pair announced back in January. Ford says it will use VW's MEB to build "at least one high-volume fully electric vehicle" in Europe "starting in 2023." The MEB framework is already being used in a variety of yet-to-be-released EVs by Volkswagen and its subsidiary brands. Ford is the first external company beyond e.GO Mobile AG, a German EV startup, to use MEB, however.
Ford hopes to sell more than 600,000 vehicles using the MEB framework over a six-year period. A second model -- again, designed for Europe -- is under discussion at the company. "This supports Ford's European strategy, which involves continuing to play on its strengths – including commercial vehicles, compelling crossovers and imported iconic vehicles such as Mustang and Explorer," the company said in a press release. VW, meanwhile, has been working on MEB since 2016 and expects to build 15 million cars using the platform in the next decade. These include the camper-inspired I.D. Buzz and the still-under-wraps ID.3 hatchback.
In addition, VW is pouring $2.6 billion into Argo AI, a self-driving startup based in Pittsburgh. Ford has already invested in the company -- today's announcement means both automakers have an equal stake and, combined, a "substantial majority." Both companies plan to implement Argo AI's system into some of their future cars. Together, that should give Argo AI plenty of data to finesse its system and attract more automaker customers. Ford and VW say they will independently design "purpose-built vehicles to support the distinct people and goods movement initiatives of both companies." The specifics are unclear, but "purpose-built" suggests both companies are interested in driverless delivery and taxi vehicles.
Watch out, Tesla?
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