Amazon-owned Zoox received a temporary exemption from U.S. regulators allowing it to charge for robotaxi rides, starting in Las Vegas. The National Highway Traffic Safety Administration (NHTSA) permits Zoox to operate up to 2,500 vehicles annually for two years under enhanced oversight. This marks a key step for Zoox and the autonomous vehicle industry as it moves toward commercial ride-hailing. Zoox plans to expand to other markets after meeting state requirements, despite challenges like recent software recalls and safety concerns involving emergency responders.
Zoox, an Amazon-owned autonomous vehicle company, received a federal exemption allowing it to charge customers for rides in its custom-built robotaxis, which lack traditional controls like steering wheels and pedals. The exemption from eight federal ...
Wall Street experienced a significant selloff with the Nasdaq 100 nearing correction territory and the Dow Jones dropping over 1,000 points, wiping out recent gains. The selloff is driven by fears of rising interest rates after three Federal Reserve ...
UBS has reduced its price target for Amazon to $305 from $333 ahead of the company's Q2 2026 earnings report, while maintaining a 'Buy' rating. The price target cut reflects expectations of higher capital expenditures due to rising component costs an...
Amazon CEO Andy Jassy has sold $25 billion in bonds to finance the company's expansion of AI data centers. This move is part of Amazon's broader commitment to invest $200 billion in capital expenditures throughout 2026. The bond sale highlights Amazo...
The FTSE 100 reached a new intraday high above 10,945, driven by strong earnings from companies like Standard Chartered, Reckitt Benckiser, and Rio Tinto, which also announced increased dividends and share buybacks. Rising oil prices, fueled by renew...
