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American Express unveils refreshed Platinum card with $895 annual fee, upping the ante in luxury cards
American Express platinum business card. Courtesy: American Express American Express on Thursday unveiled updates to its flagship credit card amid heightened industry competition over the country’s high spenders. The company said consumer and business versions of its refreshed Platinum card now carry an $895 annual fee, about 29% higher than the current fee of $695. […]
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Lyft shares pop on Waymo deal to bring robotaxis to Nashville next year
Waymo has partnered with Uber to get its robotaxis into Atlanta and Austin, Texas. Now it’s teaming up with Lyft for the first time in a commercial deal to enter Nashville next year. Lyft stock climbed more than 10% on the news. Riders in Nashville will be able to hail a Waymo robotaxi through the […]
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How this 30-year-old billionaire spends money, from Uber Eats deals to a $30 million mansion
Lucy Guo attends her birthday party called ‘Lucypalooza’ in 2023, hosted by Le Bon Argent by Floyd Mayweather. Gonzalo Marroquin | Getty Images Thirty-year-old Lucy Guo might be the world’s youngest female billionaire, but she’s always on the hunt for a good deal. The California-based serial entrepreneur’s net worth soared to $1.3 billion in April, […]
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GPT-5’s rollout fell flat for consumers, but the AI model is gaining where it matters most
Sam Altman turned OpenAI into a cultural phenomenon with ChatGPT. Now, three years later, he’s chasing where the real money is: Enterprise. Last week’s rollout of GPT-5, OpenAI’s newest artificial intelligence model, was rocky. Critics bashed its less-intuitive feel, ultimately leading the company to restore its legacy GPT-4 to paying chatbot customers. But GPT-5 isn’t […]
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What’s behind the $8-billion hit to Saudi Arabia’s massive wealth fund
Digital render of NEOM’s The Line project in Saudi Arabia The Line, NEOM Saudi Arabia’s mammoth sovereign wealth fund saw a major decline in investments in its so-called “gigaprojects,” amounting to an $8 billion write-down at the end of 2024 — despite assets under management reaching nearly $1 trillion, according to its annual report. Gigaproject […]
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Uber Freight CEO joins self-driving truck company Waabi, says era of autonomous big rigs on U.S. roads is here
Raquel Urtasun (L), Waabi founder and CEO, and Lior Ron (R), who has joined Waabi as chief operating officer after growing Uber Freight to a $5 billion revenue company. Waabi Lior Ron, founder and CEO of Uber Freight, is joining self-driving truck startup Waabi as chief operating officer. The move, Ron says, is based on […]
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SoftBank founder Son makes his biggest bet by staking the Japanese giant’s future on AI
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks at the SoftBank World event in Tokyo, Japan, on Wednesday, July 16, 2025. Kiyoshi Ota | Bloomberg | Getty Images Masayoshi Son is making his biggest bet yet: that his brainchild SoftBank will be the center of a revolution driven by artificial intelligence. […]
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Tesla Robotaxi scores permit to run ride-hailing service in Texas
In an aerial view, the Tesla headquarters is seen in Austin, Texas, on July 24, 2025. Brandon Bell | Getty Images Tesla has been granted a permit to run a ride-hailing business in Texas, allowing the electric vehicle maker to compete against companies including Uber and Lyft. Tesla Robotaxi LLC is licensed to operate a […]
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Lyft misses quarterly revenue estimates on competition, weak US travel demand
An empty Lyft pickup area is shown as ride-share drivers hold a rally as part of a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights,” in Los Angeles on Aug. 20, 2020. Mike Blake | Reuters Lyft missed second-quarter revenue estimates on […]
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Stocks making the biggest moves midday: Apple, Viasat, McDonald’s, Grocery Outlet and more
Check out the companies making the biggest moves midday: Apple — The iPhone maker gained more than 5% after a White House official confirmed the company would invest another $100 billion in the U.S. That would bring Apple’s total U.S. investment over the next four years to $600 billion . Grocery Outlet — The discount […]
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