Uber Technologies Inc
Stocks making the biggest moves midday: Tesla, Wells Fargo, JPMorgan Chase, Fastenal and more
Check out the companies making headlines in midday trading: Tesla — Shares of the electric vehicle maker tumbled more than 7% after its robotaxi event underwhelmed investors . Morgan Stanley analysts noted that the event “overall disappointed expectations” due to a lack of details in several areas, including how the company is going to compete […]
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‘That’s it?’ Morgan Stanley rips Tesla robotaxi event for lack of detail
Wall Street has been fairly hot-and-cold on Tesla stock this year — and its highly anticipated robotaxi unveiling on Thursday isn’t helping to improve investor sentiment. Morgan Stanley’s Adam Jonas said he walked away particularly underwhelmed. “We were overall disappointed with the substance and detail of the presentation. As such, we anticipate TSLA to be […]
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Stocks making the biggest moves premarket: Wells Fargo, JPMorgan, Tesla, Stellantis and more
Check out the companies making headlines in premarket trading. Wells Fargo — Shares of the San Francisco-based lender rose 3%, helped by better-than-expected earnings. Adjusted earnings came in at $1.52 per share, above the consensus estimate of $1.28 based on a survey of analysts by LSEG. However, the bank’s revenue of $20.37 billion came in […]
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Baidu’s robotaxi unit is exploring expansion into global markets in the ‘near future’
Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles. Baidu BEIJING — Chinese tech company Baidu‘s robotaxi unit, Apollo Go, is in talks with several firms to expand into overseas markets in the “near future,” according to a source familiar with the matter. No details […]
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Robotaxis are here but the public is reluctant to embrace them
Driverless cars are speeding onto America’s streets, but whether the public will trust robotaxis remains an open question. Nearly two-thirds of Americans said they would not want to ride in a driverless passenger vehicle if they had the opportunity, according to a Pew Research Center Survey. That’s because residents in cities that have yet to […]
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The rise of Grab: How I built a super app that brings in over $2 billion a year
Anthony Tan is the co-founder and CEO of Grab. Founded in 2012, the ride-hailing app has now grown into a “super app” that offers services in mobility, deliveries, and digital financial services. Grab is listed on the Nasdaq and has more than 35 million users across eight countries in Southeast Asia as of 2023. Anthony […]
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China-Mexico freight traffic surges in Trump, Biden tariff era, as companies find ways to evade U.S. trade war
A freight train carries cargo shipping containers in the El Paso Sector along the US-Mexico border between New Mexico and Chihuahua state on December 9, 2021 in Sunland Park, New Mexico. Patrick T. Fallon | AFP | Getty Images New data shows a surge in trade between China and Mexico at a time of tough […]
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Stocks making the biggest moves midday: Tesla, Mobileye Global, Darden Restaurants and more
Check out the companies making headlines in midday trading: Tech stocks — Key tech names rallied a day after the Federal Reserve’s supersized rate cut decision. Tesla and Meta jumped around 7% and 4%, respectively, while chip darlings Nvidia and ASML each advanced more than 5%. Edgewise Therapeutics — Shares skyrocketed more than 54% after […]
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Stocks making the biggest moves midday: Moderna, Uber, Boeing, Adobe and more
Check out the companies making headlines in midday trading. Moderna — Shares of the vaccine maker pulled back more than 3% following a downgrade to underweight from JPMorgan . The firm cited Moderna’s changes to its revenue forecast as a headwind to the stock’s performance moving forward. Oracle – The stock rose nearly 2% after […]
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Uber announces expansion of Waymo partnership to Austin and Atlanta
A Waymo autonomous self-driving Jaguar electric vehicle sits parked at an EVgo charging station in Los Angeles, California, on May 15, 2024. Patrick T. Fallon | AFP | Getty Images Uber announced Friday it is expanding its partnership with Alphabet’s Waymo to offer robotaxi rides in Austin, Texas, and Atlanta beginning in early 2025. Uber […]
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