The decision is part of a massive restructuring aimed at trimming management layers and reallocating spending into its ride-sharing, delivery and robotaxi businesses.
Matternet CEO Andreas Raptopoulos discusses the race to scale drone delivery. #foxbusiness #shorts
An Uber driver finds himself in the middle of a police chase when two Houston officers jump into his car and tell him to follow a fleeing suspect. The officers ride for several minutes before spotting the suspect and jumping back out to continue the chase on foot. #foxnews #news #us #fox #houston #texas #uber #policechase #dashcam #lawenforcement #viral #crime #hpd #houstonnews #usnews #breakingnews #firstresponders Don’t just watch Fox News—be part of it. Become a Fox News Patriot today. https://youtube.com/foxnews/join
The ride-hailing giant promised to handle legal claims “in a way that is best for the survivor.” Its lawyers are pursuing a far more aggressive strategy.
The House passed a ban on congressional stock trading with bipartisan support on July 22, but Nancy Pelosi, whose household has racked up tens of millions in trades, voted no. The Stop Insider Trading Act cleared the chamber 232-198, with 13 Democrats breaking ranks to join every Republican in favor. The bill bars sitting members […] The post House passes congressional stock trading ban 232-198 as Pelosi votes to protect her own portfolio appeared first on American Almanac .
The House passed a ban on congressional stock trading with bipartisan support on July 22, but Nancy Pelosi, whose household has racked up tens of millions in trades, voted no. The Stop Insider Trading Act cleared the chamber 232-198, with 13 Democrats breaking ranks to join every Republican in favor. The bill bars sitting members of Congress, their spouses, and dependent children from purchasing individual stocks in publicly traded companies while in office. Pelosi, the former Speaker whose name has become synonymous with congressional trading, was not among the Democrats who crossed the aisle. Her no vote landed weeks after she disclosed up to $6 million in Intel and Uber call options purchased on May 29, bets that don't expire until…Open
‘Fossil fuels have got to go’
Autonomous cabs are coming to more cities as Waymo, Tesla and Uber have announced plans to expand service. NewsNation’s Rich Bodee has the details.
Data: Financial Modeling Prep ; Chart: Emily Peck/Axios Investors seem to be hitting pause on the AI run-up. Chip stocks in particular are slumping from their record highs. Why it matters: We're in a bit of a reality-check moment in the AI buildout — both for the businesses blowing their budgets on compute and for the investors bidding up stock prices for any company engaged in the new technology. The big picture: AI is moving faster than ever before, and the cost of some compute , or the price to rent the processing power needed to run models, is going down. - But prices to run the flagship frontier models from OpenAI and Anthropic are far more costly. - At the same time, demand for AI technology is still growing. State of play:…
A new investigation from Consumer Reports found discrepancies in pricing and discounts for users who booked the same ride at the same time, raising data collection questions. Uber and Lyft deny the claims. NewsNation’s Rich Bodee explains.
The previous record was set over six years ago. But SpaceX, whose stock begins trading on Friday, is on track to raise tens of billions of dollars more.