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Dow Jones Futures: Hawkish Fed Stuns Wall Street; Tesla, Microsoft, Google Break Key Levels

The stock market rally sold off after a hawkish Fed signaled faster tightening. Tesla and Microsoft are showing strain. Read More...

Reuters

Sony looks to electric cars for its next big hit

Japan’s Sony Group Corp plans to launch a company this spring to examine entering the electric vehicle market, looking to harness its strengths in entertainment and sensors to play a bigger role in next-generation mobility. The new company, Sony Mobility Inc, comes as the Japanese tech giant is “exploring a commercial launch” of electric vehicles, Sony chairman and president Kenichiro Yoshida told a news conference, speaking ahead of the CES technology trade fair in the United States. “With our imaging and sensing, cloud, 5G and entertainment technologies combined with our contents mastery, we believe Sony is well positioned as a creative entertainment company to redefine mobility,” he said.

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