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 motor vehicle safety standards enables Zoox to launch a commercial robotaxi service, initially limited to 2,500 vehicles annually for two years. The company plans to start charging for rides in Las Vegas and expand to other markets after meeting state requirements. This milestone marks a significant step toward broader autonomous ride-hailing services in the U.S., supported by ongoing regulatory updates and collaborations to set national safety standards for autonomous vehicles.
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...
Meta Platforms faces a critical Q2 earnings report after a nine-day stock slide and is trading below key moving averages, with investors watching for updates on AI advertising and spending. Microsoft also reports, with focus on Azure growth, Copilot ...
