Month: August 2023
Cruise robotaxi receives in incident with San Francisco fireplace truck, one particular hurt
A Cruise self-driving car or truck, which is owned by Typical Motors Corp, is found outside the firm’s headquarters in San Francisco. Heather Somerville | Reuters A Cruise self-driving car was concerned in an incident with a San Francisco Hearth Office truck just just one 7 days following California regulators permitted 24-7 robotaxi assistance in […]
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Major lidar market share is up for grabs. A few startups are emerging as likely winners
A lidar sensor from Hesai company on top of a vehicle in Shenzhen, China on Jul. 10 2022. Jade Gao | AFP | Getty Images For investors in lidar startups, this has been a long time coming. After years of talk — and a SPAC boom in the sensor sector — automakers have finally started […]
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Bitcoin heads for its worst week given that May well following sliding to $26,000
A worsening macroeconomic climate and the collapse of business giants such as FTX and Terra have weighed on bitcoin’s price this 12 months. STR | Nurphoto via Getty Photos Cryptocurrency selling prices remained less than tension to conclusion the week. Bitcoin was reduce by about 5% at $26,366.99, in accordance to Coin Metrics, subsequent a […]
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Inventory markets facial area a ‘perfect storm’ as high fees and China fears chunk, analysts alert
Traders perform on the flooring of the New York Stock Exchange on August 16, 2023 in New York Town. Michael M. Santiago | Getty Photographs “Irrespective of whether it truly is the brewing disaster in the Chinese property industry, the surge in U.S. bond yields on fears charges will remain greater for for a longer […]
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Outback Steakhouse owner’s stock rises after activist Starboard Value buys stake
An Outback Steakhouse truck sits parked outside a restaurant in New York. Daniel Acker | Bloomberg | Getty Images Shares of Outback Steakhouse owner Bloomin’ Brands rose 9% in premarket trading Friday after an activist investor disclosed its interest in the restaurant company. Starboard Value now owns 9.9% of Bloomin’s shares, according a regulatory filing. […]
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Biden seems to solidify important ties with Japan and South Korea at Camp David meeting
U.S. President Joe Biden, Japan’s Primary Minister Fumio Kishida, and South Korea’s President Yoon Suk Yeol collect for a trilateral assembly during the G7 Leaders’ Summit in Hiroshima on May well 21, 2023. (Picture by BRENDAN SMIALOWSKI/AFP by using Getty Visuals) Brendan Smialowski | Afp | Getty Illustrations or photos WASHINGTON — President Joe Biden will host […]
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Xpeng shares fall 6% immediately after the Chinese electric carmaker posts a file quarterly loss
A Xpeng P7 electric auto is on screen throughout the 18th Guangzhou International Car Exhibition at China Import and Export Reasonable Intricate on November 20, 2020 in Guangzhou, Guangdong Province of China. VCG | Visible China Team | Getty Pictures Shares of Xpeng had been down a lot more than 6% in pre-market U.S. trade, […]
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Hong Kong’s benchmark Dangle Seng index closes in bear current market territory
People standing in front of an electronic display screen displaying the Hang Seng Index in the Central district of Hong Kong on July 26, 2021, right after stocks plunged as tuition firms ended up hammered by China’s choice to reform the non-public schooling sector by stopping them from earning gains. Isaac Lawrence | AFP | […]
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Sea pivoted to development around earnings as it confronted mounting level of competition from TikTok, Lazada, analysts say
Forrest Li, main government officer of Sea Ltd., in Singapore, on Wednesday, May perhaps 3, 2023. Ore Huiying | Bloomberg | Getty Photographs Shares of Southeast Asian tech large Sea plummeted this 7 days after missing profits anticipations and expressing it would concentrate on progress about income — a reversal from latest value-chopping actions in […]
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European marketplaces fall even more as warning lingers all around global stocks
Bloomberg | Bloomberg | Getty Images LONDON — European marketplaces retreated on Friday, tracking careful world-wide sentiment as traders evaluate the potential for financial plan and fresh issues about China’s real estate sector. The pan-European Stoxx 600 index was down .9% in early trade, with retail shares falling 1.7% to lead losses on the again […]
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