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Uber has unveiled an ambitious plan to scale its autonomous ride-hailing ambitions, committing up to $1.25 billion to deploy tens of thousands of robotaxis built by Rivian over the coming decade.Under the agreement, Uber—or its fleet partners—will purchase an initial ...

Market Summary: What Happened Yesterday and What Awaits us Today, (March 19):Markets shake after Powell's warnings… Oil fuels inflation and puts pressure on global stocksUS markets experienced a sharp decline at the close of trading on Wednesday, after Federal Reserve ...

S&P Global has announced four new additions to the S&P 500 as part of its quarterly rebalance, reinforcing the growing dominance of AI infrastructure within the benchmark.The index provider reviews constituents every quarter based on market capitalisation, profitability, liquidity, and ...

Wall Street falls for the third week as oil prices surge and economic concerns escalate.U.S. stock markets closed last week on a weak footing, marking a third consecutive week of losses as rising oil prices and renewed inflation concerns weighed ...

Oil supply disruptions shake global markets and put pressure on stocks.US stock indices fell sharply at the close of trading on Thursday, amid a strong rise in oil prices and escalating concerns about global supply disruptions due to geopolitical tensions ...

Wall Street declines and oil jumps despite the release of reserves... Markets await the repercussions of tensions in the Middle East.US equities ended Wednesday’s session with a cautious, slightly negative bias as investors weighed fresh inflation data against escalating geopolitical ...

Europe’s automotive sector is facing a difficult recalibration after a sharp deterioration in profitability at Volkswagen AG and its luxury subsidiary Porsche AG exposed the mounting costs of the industry’s electric vehicle transition.The most dramatic signal came from Porsche, which ...

US markets rebound after Trump's remarks: Oil retreats from highs of $119 and Wall Street erases sharp losses amid hopes of a trade war easing.US equities closed higher on Monday after recovering from steep intraday losses, as easing fears around ...

US equities closed sharply lower as escalating tensions around Iran rattled markets and pushed energy prices to their highest levels since mid-2024.The Dow Jones Industrial Average fell 785 points, or 1.6%, after briefly dropping more than 1,100 points earlier in ...

Oil Shock Hits Global Markets... Losses on Wall Street and Widespread Market VolatilityUS equities closed sharply lower on Thursday as rising geopolitical tensions in the Middle East rattled investors and pushed energy prices higher. Reports that Iran had targeted an ...

Oil prices climbed further in Wednesday trading as geopolitical tensions in the Middle East continued to disrupt shipping through the Strait of Hormuz, a key artery for global crude supplies.Brent crude futures for May delivery rose 2.96% ($2.41) to $83.81 ...

Oil prices surged at the start of the week while global equity futures moved lower after U.S. and Israeli strikes on Iran intensified geopolitical tensions across the Middle East, raising fears of disruptions to global crude supply.U.S. crude futures climbed ...

Middle East war shakes markets… Oil nears $100 and gold soarsU.S. stock indices closed sharply lower on Friday, capping a volatile month as stronger-than-expected inflation data and escalating geopolitical tensions weighed heavily on investor sentiment.The Dow Jones Industrial Average fell ...

Wall Street Declines Despite Strong Nvidia Earnings… Profit-Taking Weighs on Tech StocksU.S. stock indices mostly ended Thursday’s session lower, snapping a two-day rally, even after Nvidia reported quarterly earnings that exceeded analysts’ expectations.The technology-heavy Nasdaq Composite fell 1.2%, while the ...

Wall Street rises for the second session… and gold continues its upward trend amid market anticipationUS stock indices ended Wednesday’s session higher for a second consecutive day, supported largely by technology shares as investors positioned themselves ahead of Nvidia’s highly ...