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7 Undervalued Stocks That the Smart Money Is Piling Into in June

Daytona area auto dealerships see low inventory on new cars, trucks

DAYTONA BEACH — A global shortage of computer chips is resulting in record low inventories of new cars and trucks at auto dealerships throughout the country, including here in the Volusia-Flagler area. Glenn Ritchey Sr., president and CEO of Jon Hall Chevrolet in Daytona Beach, said his dealership currently has barely over 200 new cars and trucks on site at a time of year when he would normally have more than four times that number. "It's the lowest inventory of new vehicles that we've had in the 50 years I've been with Chevrolet," the veteran auto dealer said. Ritchey said the same is true of his other Daytona Beach dealerships: Ritchey Cadillac Buick GMC, Daytona Hyundai and Subaru of Daytona.

Cisco Climbs as Wolfe Upgrades on Potential Return-to-Office Bump

Cisco was upgraded to outperform from peer perform at Wolfe Research, which sees a return-to-the-office bump for the telecom-equipment major.

The global chip shortage is set to drag on. 4 experts predict how long it could last and how it could affect markets

The global chip shortage has slowed the production of critical tech and could be a national security issue. Experts say it will continue in 2021.

EXPLAINER: Starving for more chips in a tech-hungry world

Turn on desktop notifications for breaking stories about interest? OffOn EXPLAINER: Starving for more chips in a tech-hungry world As the U.S. economy awakens from its pandemic-induced slumber, a vital cog is in short supply: the computer chips that power our phones and wireless networks, cars and other vehicles, and a vast number of other items we take for granted By MICHAEL LIEDTKE and TOM KRISHER AP Business Writers April 9, 2021, 1:18 AM • 7 min read The Associated Press In this aerial photo, mid-sized pickup trucks and full-size vans are seen in a parking lot outside a General Motors assembly plant where they are produced Wednesday, March 24, 2021, in Wentzville, Mo. As the U.S. economy awakens from its pandemic-induced slumber, a vital cog is in short supply: the computer chips that power our cars and other vehicles, and a vast number of other items we take for granted. Ford, GM and Stellantis have started building vehicles without some computers, putting them in storage with plans to retrofit them later. (AP Photo/Jeff Roberson)

Starving for more chips in a tech-hungry world

Updated: April 09, 2021 21:07 IST The snags threaten to leave a big dent in the auto industry, which by some estimates stands to lose $60 billion in sales during the first half of his year Share Article AAA Supplies of many models were tight even before the chip shortage because automakers were having trouble making up for production lost to the pandemic.   | Photo Credit: Reuters The snags threaten to leave a big dent in the auto industry, which by some estimates stands to lose $60 billion in sales during the first half of his year (Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.)

EXPLAINER: Starving for more chips in a tech-hungry world

EXPLAINER: Starving for more chips in a tech-hungry world

EXPLAINER: Starving for more chips in a tech-hungry world

EXPLAINER: Starving for more chips in a tech-hungry world