Uber, Rivian team up to scale robotaxi fleets across global cities
Uber Technologies is stepping up its autonomous ambitions through a new partnership with electric vehicle maker Rivian Automotive, committing to invest up to $1.25 billion to support a large-scale robotaxi…
US markets open lower on Thursday, Dow Jones down almost 300 points
The US market indices opened lower on Thursday, extending a broad risk-off sentiment across global markets as surging oil prices and persistent inflation concerns weighed on investor confidence.Dow Jones Industrial…
Why Tesla stock is falling around 2% on Thursday
Shares of Tesla came under pressure on Thursday as US safety regulators escalated scrutiny of the company’s driver-assistance technology.At the time of writing, the Tesla stock was down around 2%…
Why is Accenture defying the tech sell off today?
Accenture shares rose 5.7% on Thursday, defying a broader tech-sector selloff, after the consulting giant reported stronger-than-expected second-quarter results driven by accelerating demand for artificial intelligence and cloud services.The company…
US stocks fall as PPI inflation jumps, Dow Jones down 169 points
US stock opened lower on Wednesday after hotter-than-expected inflation data and rising oil prices dampened investor sentiment ahead of the Federal Reserve’s policy decision.Dow Jones Industrial Average fell about 169…
Starbucks stock is trading in red today: here are the reasons
Shares of Starbucks came under pressure after RBC Capital Markets downgraded the coffee giant, citing rising labor costs, elevated investor expectations, and uncertainty around margin improvement.The brokerage cut its rating…
Macy’s stock jumps 7% on earnings beat as sales surprise, outlook mixed
Shares of Macy’s surged on Wednesday after the department store chain reported stronger-than-expected fourth-quarter results, driven by improving comparable sales and resilient higher-income shoppers, even as its forward outlook reflected…
Why Tesla stock is down in the red today
Shares of Tesla fell in early Wednesday trading, slipping to $398.75, as broader US markets came under pressure following a stronger-than-expected inflation reading.The Dow Jones Industrial Average dropped 351 points,…
Airline stocks rise as Delta, JetBlue signal strong demand despite oil spike
Airline stocks climbed on Tuesday after major US carriers signalled that robust travel demand is helping cushion the impact of soaring fuel costs triggered by the escalating Middle East conflict,…
Dow jumps 398 points as oil tops $100, Fed decision in focus
US stocks edged higher on Tuesday as investors looked to extend the previous session’s gains, while closely monitoring developments in the escalating Iran conflict and its impact on global energy…