Uber has announced a strategic partnership with British artificial intelligence startup Wayve, focusing on the development of autonomous driving technology. This collaboration is part of Uber’s broader effort to integrate advanced autonomous vehicle capabilities into its ride-hailing platform. Investment and Partnership Details…
Lowe’s, a major player in the home improvement retail industry, recently adjusted its full-year financial outlook after witnessing a decline in quarterly sales. As the economic landscape continues to present challenges, the company is preparing for softer consumer spending in the latter…
The Russian government is making efforts to quell fears regarding the future of Telegram, a popular messaging platform in Russia, following the arrest of its founder, Pavel Durov, in France. This development has raised concerns about the potential disruption of the platform,…
General Motors’ GMC brand aims to dominate the electric truck market in the U.S. as it rolls out its new electric Sierra pickup. Building on the success of its Hummer EV models, GMC hopes the Sierra EV will become its best-selling electric…
Cava has delivered another strong financial performance, raising its full-year outlook after reporting better-than-expected earnings and revenue. The Mediterranean restaurant chain experienced a notable uptick in customer traffic, which boosted its quarterly results. As a result, Cava’s shares surged 9% in extended…
The merger between Alaska Airlines and Hawaiian Airlines has moved one step closer to completion. It has passed a significant milestone by clearing the U.S. Justice Department’s antitrust review. This development, which comes eight months after the $1.9 billion agreement was announced,…
Macy’s has revised its full-year sales forecast downward, reflecting the challenges faced by department stores as they grapple with increasingly selective shoppers and heightened promotional activities. The iconic retailer now anticipates net sales to range between $22.1 billion and $22.4 billion, a…
Boeing has hit another roadblock with its 777X aircraft program. The company announced on Monday that it has paused flight tests for the wide-body jetliner after finding damage to one of its structures. This setback adds to a series of challenges that…
General Motors (GM) is set to reduce its global workforce by more than 1,000 salaried employees, primarily within its software and services division. This decision is part of the company’s effort to streamline operations and enhance efficiency amid an evolving automotive landscape.…
Wall Street is excited as Starbucks appoints Brian Niccol as its new CEO and chairman. With the coffee giant struggling in recent quarters, investors are pinning their hopes on Niccol to rejuvenate the brand and steer it away from the shadows of…