Travelers walk past a sign pointing toward the Uber ride-share vehicle pickup area at Los Angeles International Airport in Los Angeles on Feb. 8, 2023.Mario Tama | Getty ImagesUber is giving commuters new ways to travel and cut costs on frequent rides.The ride-hailing company on Wednesday announced a route share feature on its platform, prepaid ride passes and special deals week for UberOne members at its annual Go-Get showcase.Uber’s new features come as the company accelerates its leadership position in the ridesharing market and seeks to offer more affordable alternatives for users. It also follows last week’s first-quarter earnings as…
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A group of family members of Sinaloa Cartel leaders crossed into the United States last week, likely as part of a deal with the Trump administration, Mexico’s secretary of security said on Tuesday evening.For days, rumors had spread that 17 relatives, including one of the ex-wives of the crime boss known as El Chapo, had flown from a cartel stronghold to Tijuana, Mexico, and then crossed into the United States. A news outlet, Pie de Nota, reported that they had surrendered to U.S. federal authorities there, citing anonymous sources.The Sinaloa Cartel, co-founded by Joaquín Guzmán Loera, known as El Chapo,…
Lam Research (LRCX) is positioned to capitalize on a cooling trade war, with the U.S. and China reaching a temporary pause and reduction in tariffs. This development alleviates pressures on the semiconductor industry, which has been impacted by supply chain disruptions and uncertain business conditions. LRCX, a key player in semiconductor equipment, stands to benefit from increased demand for chip manufacturing as global tensions ease. With an attractive valuation, strong profitability, and a recent breakout signaling optimal timing for adding bullish exposure in a recovering sector. Trade timing The timing for adding bullish exposure to LRCX is optimal, as the…
Scene from season 3 of White Lotus.Source: HBOHBO became HBO Max became Max. Now, it will be HBO Max once more.Warner Bros. Discovery is renaming its streaming platform again starting this summer, restoring a name it ditched just two years ago. The company announced the rebranding Wednesday during its upfront presentation in New York.The change comes as Warner Bros. Discovery seeks to scale back its volume of content and focus on quality programming and storytelling.”The powerful growth we have seen in our global streaming service is built around the quality of our programming,” said David Zaslav, CEO of Warner Bros.…
A Pony.ai autonomous car.Pony.aiBEIJING — One of Pony.ai’s robotaxis caught fire for the first time on Tuesday, with no people harmed in the incident, the U.S.-listed Chinese startup told CNBC.The company did not disclose the reason behind the fire. Videos purporting to show the incident in Beijing had circulated on social media. CNBC could not independently verify this footage.Electric cars such as those from Tesla, which is trying to develop its own robotaxi, have previously caught blaze.Pony.ai said that one of its fully self-driving vehicles was detected as having an abnormal status in Beijing around 9:30 a.m. local time on…
Bank of America sees more room for Nvidia and Advanced Micro Devices shares to run after the technology companies inked deals with a subsidiary of the Saudi Arabia Public Investment Fund. Analyst Vivek Arya lifted his Nvidia price target by $10 to $160, which now implies 23.1% upside over Tuesday’s close. Arya also added $10 to his price target for AMD, with the refreshed $130 estimate suggesting shares can jump 15.6%. The analyst cited the companies each announcing multiyear projects tied to artificial intelligence infrastructure with a Saudi subsidiary called Humain. Bank of America predicts these projects to cost between…
Centrus Energy is a “must-own” stock for any investor who wants to profit from the planned expansion of U.S. nuclear power to meet electricity demand from artificial intelligence data centers, according to Evercore ISI. Evercore initiated coverage of Centrus on Tuesday with the equivalent of a buy rating, giving it a 12-month price target of $145, implying upside of more than 50% from its Tuesday close at $92.57 per share. Centrus occupies a critical niche in the nuclear supply chain, Evercore analyst Nicholas Amicucci told clients in a note. Once the U.S. Enrichment Corp., an arm of the Energy Department…
Airbnb CEO Brian Chesky joins ‘Squawk Box’ to discuss the launch of its redesigned app, the debut of services and experiences within the app, the company’s remote work policy, state of the consumer, New York City’s crackdown on the company, and more. Source link
Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019.Steve Marcus | ReutersAMD said on Wednesday that its board of directors approved $6 billion in share buybacks. The stock climbed 6%.The authorization is in addition to $4 billion in existing approved share repurchases, the company said.”Our expanded share repurchase program reflects the Board’s confidence in AMD’s strategic direction, growth prospects, and ability to consistently generate strong free cash flow,” AMD CEO Lisa Su said in a statement. AMD, the most important…
Salaries would go up. Bread and gasoline would be cheaper. The electricity would come on for more than a few hours per day. The reconstruction of destroyed towns and cities would begin.President Trump’s announcement in a speech in Saudi Arabia on Tuesday that he would lift U.S. sanctions on Syria unleashed hope across the country that life would improve after more than a decade of war and deprivation.“It will put us at ease,” said Sami al-Hajj, a pharmacist. “Before, we were scared for the future, for us and our children. But this will open up opportunities.”Analysts and many others in…
