Latest News
Uber Bets $10 Billion on Robotaxi Expansion, Pivots from Asset-Light Model
Uber is investing more than $10 billion to deploy autonomous ride-hailing services, shifting from its traditional asset-light approach. The company plans to launch robotaxis in at least 28 cities by 2028 through partnerships with Baidu, Rivian, and Lucid.
American Airlines Deploys Automated Boarding Gates at DFW Hub in Major Tech Rollout
American Airlines is introducing automated boarding gates at its Dallas/Fort Worth hub this summer, marking the first large-scale U.S. deployment of the technology. The system aims to streamline the boarding process and free up staff for customer service.
Snap Shares Surge on Upbeat Forecast, Strategic Job Cuts to Fund AI and AR Push
Snap Inc. has lifted its first-quarter financial outlook and unveiled a major restructuring plan involving 1,000 layoffs to streamline operations and fund its artificial intelligence and augmented reality initiatives. The company's stock rallied on the news.
March CPI Surge Dampens Fed Rate Cut Expectations, Fueling Market Uncertainty
A sharp rise in consumer prices during March, led by a historic jump in gasoline costs, has clouded the Federal Reserve's policy outlook, pushing back expectations for interest rate reductions.
Amazon's Globalstar Move Heightens Focus on SpaceX's Record IPO Valuation
Amazon's major satellite acquisition intensifies the market's focus on SpaceX's upcoming IPO, which seeks a historic $1.75 trillion valuation. The offering's roadshow is set for early June, with retail investors potentially receiving an unusually large 30% share allocation.
Cocoa, Coffee, and Sugar Rally Amid Supply Shocks and Dollar Weakness
Commodity markets saw significant moves with cocoa, coffee, and sugar prices climbing due to supply constraints and a weaker dollar. Equities in India and Hong Kong rallied on easing geopolitical tensions.
American Airlines Soars on Merger Speculation with United
American Airlines shares jumped roughly 8% Tuesday following a Reuters report that United Airlines CEO Scott Kirby raised the idea of a merger with American during a February meeting with former President Donald Trump. No formal talks have been confirmed.
Stocks Rally on Diplomatic Hopes, Soft Inflation; S&P 500 Nears Record
Major U.S. equity indices advanced sharply Tuesday, with the S&P 500 closing within 0.2% of its January record. The rally was fueled by falling crude prices amid potential diplomatic talks with Iran and cooler-than-expected wholesale inflation data.
Apple Issues Critical Bug Fixes for iCloud Sync and M5 Mac Wi-Fi
Apple has rolled out minor software updates to resolve a disruptive iCloud sync bug affecting iPhones and iPads, alongside a Wi-Fi connectivity problem on its latest M5-powered MacBooks. The patches, released on April 8 and 9, contain no security fixes.
LiveScore Revenue Surges Past £200M Amid UK Tax Hike Concerns
LiveScore Group reported a 15.3% revenue rise to £206.3M, with operating loss nearly halved. The results come as the UK hikes online gambling tax to 40%, potentially adding £20-25M to its tax bill.