U.S. The prospect of summer drivers filling up on the highway is gaining ground in the price of gasoline, a sign of economic recovery and an epidemic devastation is a boon for the energy industry. Considering oil recovery and growing consumer demand, gasoline prices at U.S. pumps hit an average …
Read More »Uber sells its ‘flying taxi’ business to startup Joby
A day after unloading its self-driving vehicle unit, Uber Technologies Inc. Silicon Valley startup Joby Aviation said it would acquire Uber Elevate, and that Uber has agreed to invest 75 75 million as part of the deal. Joby told Uber UBR, -1.47% It had previously invested an undisclosed $ 50 …
Read More »European stocks fell and Dow futures fell 400 points as more restrictions were created in the increasing cases of COVID-19.
People wear protective masks when shopping at a market outside the Nucleon district during the second wave of coronavirus epidemics on October 27, 2020 in Berlin, Germany. Getty Images European stocks fell for a third straight session on Wednesday, with US equity futures also falling as investors struggled on a …
Read More »California is making bold moves to tackle Big Tech with Uber and Lyft showdown
As California becomes one of the first states to take over Big Tech in the ongoing battle over the employment status of Uber and Lyft drivers, the scofflaw ride-hailing companies are now working their political contacts to prevent them from complying with a law that has been on the books …
Read More »Stock market ignores restrictions of Trump administration. Here’s why it should not.
Text size Kevin Frayer / Getty Images Brands responded calmly to the recent escalation of the Trump administration’s war on Chinese telecom giant Huawei. Maybe too calm. U.S. Commerce Department regulations issued Aug. 17 will in theory prevent Huawei from purchasing any hardware or software that has all inputs of …
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