LAS VEGAS — Mobileye (MBLY) shares jumped 5.3% in the stock market Wednesday as the driver assistance tech firm’s new mapping technology will be deployed with General Motors (GM) very soon. IBD spoke with Mobileye’s chief technology officer, Amnon Shashua, about the company’s strategy to achieve fully autonomous driving vs. that of Alphabet (GOOGL)-owned Google and Chinese Internet giant Baidu (BIDU). Mobileye and the auto industry in general are
EBay (EBAY) is set to beat Wall Street’s Q4 consensus expectations, some analysts say, but they add that shoppers seem to be turning away from the e-commerce company. StubHub — eBay’s online tickets marketplace — is making a comeback and is poised to stimulate the company’s growth in Q4 and into 2016, ITG analyst Steve Weinstein wrote in a research note Wednesday. In late Q3, eBay shifted Stubhub away from “all-in” pricing, which is when the full
AutoNation (AN) CEO Mike Jackson warned early Wednesday that the fourth-quarter gross profit for the company was expected to drop for both new and used cars. That sent the stock tumbling more than 15% at its low with a little ground recovered by the close. Shares ended down 5.98 at 50.76, for a drop of 10.5%. Fellow auto dealers in the Retail/Wholesale-Automobile group largely followed suit: 11 of 12 members saw losses of 2% or more with