Business

Lucid Takes On Tesla’s Robo-Taxis. Stock Jumps 50% on Self-Driving Partnership With Uber, Nuro.  Barron’s Uber inks six-year robotaxi deal with Lucid, invests $300 million in EV company  CNBC The Battle of the Robotaxis Is Beginning  Bloomberg Lucid, Nuro, and Uber Partner on Next-Generation Autonomous Robotaxi Program  Lucid Motors Uber to buy at least 20,000 luxury robotaxis from Lucid  Axios Source link

Summers Warns of ‘Massive Inflation Psychology’ From Trump Rates  Bloomberg Trump Wants Lower Rates. Firing Powell Could Push Them Higher.  The New York Times Why Trump’s push for a 1% Fed policy rate could spell trouble for US economy  Reuters How an inflation uptick and Trump’s pressure complicate the Fed’s interest rate decision  PBS Stocks sell off as investors see Trump’s inflation ‘pipeline’ forcing …

Uber (UBER) is betting big on robotaxis, with pure-play electric vehicle maker Lucid (LCID) as its partner. The two companies, along with autonomous tech firm Nuro (NURO.PVT), announced on Thursday morning a “next-generation premium global robotaxi program” exclusively for the Uber platform. The new robotaxi program would outfit the Lucid Gravity SUV with Nuros Driver Level 4 autonomous software, deployed …

Mark Zuckerberg, CEO of Meta, testifies during the Senate Judiciary Committee hearing titled “Big Tech and the Online Child Sexual Exploitation Crisis,” in the Dirksen building on Jan. 31, 2024. Tom Williams | CQ-Roll Call, Inc. | Getty Images Mark Zuckerberg and current and former directors and officers of Meta Platforms agreed on Thursday to settle claims seeking $8 billion …

US retail sales beat expectations; labor market stable  Reuters Retail sales jumped more than expected last month  CNN Stocks Rise After Data Show Economy Is Holding Up: Markets Wrap  Bloomberg.com Retail sales rise more than expected in June  Yahoo Finance Retail sales snap back after trade wars die down. Shoppers keep the economy growing.  MarketWatch Source link

Trump’s Attack on the Fed Ripples Through the Global Economy  The New York Times Trump floats firing the Federal Reserve chair as White House criticism boils  NPR Why Some Trump Allies Want to Protect the Fed’s Independence  Politico Trump’s Powell attacks show why Fed was designed to be independent  Axios Opinion | Trump’s attacks on the Fed are worse than you think  The Washington Post …

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Before the mayor of San Jose, California, arrives at a ribbon-cutting ceremony for a new business, his aides ask ChatGPT to help draft some talking points. “Elected officials do a tremendous amount of public speaking,” said Mayor Matt Mahan, whose recent itinerary has taken him from new restaurant and semiconductor startup openings to a festival of lowriding car culture. Other …

Meta investors, Zuckerberg reach settlement to end $8 billion trial over Facebook privacy litigation  Reuters Meta Investors Settle Lawsuit With Zuckerberg, Company Officials  Bloomberg.com Meta investors, Zuckerberg reach settlement to end trial over Facebook privacy litigation  Yahoo Finance Trial begins against Meta CEO Mark Zuckerberg, others over alleged Facebook privacy violations  CBS News Former Biden chief of staff testifies during $8B Facebook privacy lawsuit …

Stock Market Today: Nasdaq taps fresh intraday record after sturdy economic data  MarketWatch Stock Market Today: Dow, S&P 500, Nasdaq Open Up; Trump, Powell Fears; Pepsi, Sarepta, More Movers; Bitcoin Falls  Barron’s Stock market today: Dow, S&P 500, Nasdaq futures rise as Wall Street juggles tariffs, earnings, and inflation  Yahoo Finance Markets News, July 14, 2025: Stocks Rise as Investors Brush Aside Tariff …