1 month ago
Investors eager to buy into the futuristic vision of profitable driverless vehicles will get their chance soon. May Mobility is aiming to become the first U.S. publicly listed pure-play option for an autonomous ride-hailing technology company. It is poised to go public through a special purpose acquisition company (SPAC), merging with ACP Holdings Acquisition (NASDAQ: ACGC) that values the combined company at roughly $1.4 billion.
It's expected to operate as May Mobility. trading on the Nasdaq exchange under MAY. But before investors get too excited, let's pump the brakes and take a look at the details.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ***** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
It's easy for investors to get excited about the opportunity, but many might not be aware of the potential market size or growth prospects. The global robotaxi market is projected to reach about $415 billion by 2035, with the U.S. accounting for a roughly $48 billion slice of that pie. The fleet of U.S. commercial autonomous vehicles (AVs) is projected to expand from only about 4,000 vehicles currently to around 35,000 by 2030 -- or about 8% of the ride-sharing market.
A year ago this month, Bank of America projected that the long-term U.S. total addressable market (TAM) for AV ride-hailing is a trillion-dollar opportunity as companies such as May Mobility aim to replace the drivers that take roughly 70% of every fare. It's also important for investors to realize how early in the game this is: Alphabet's Waymo, with an estimated $350 million in annualized revenue, would represent only about 0.5% of U.S. ride-hailing bookings.
#vehicles #company #roughly #billion
It's expected to operate as May Mobility. trading on the Nasdaq exchange under MAY. But before investors get too excited, let's pump the brakes and take a look at the details.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ***** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
It's easy for investors to get excited about the opportunity, but many might not be aware of the potential market size or growth prospects. The global robotaxi market is projected to reach about $415 billion by 2035, with the U.S. accounting for a roughly $48 billion slice of that pie. The fleet of U.S. commercial autonomous vehicles (AVs) is projected to expand from only about 4,000 vehicles currently to around 35,000 by 2030 -- or about 8% of the ride-sharing market.
A year ago this month, Bank of America projected that the long-term U.S. total addressable market (TAM) for AV ride-hailing is a trillion-dollar opportunity as companies such as May Mobility aim to replace the drivers that take roughly 70% of every fare. It's also important for investors to realize how early in the game this is: Alphabet's Waymo, with an estimated $350 million in annualized revenue, would represent only about 0.5% of U.S. ride-hailing bookings.
#vehicles #company #roughly #billion
2 months ago
Lucid (LCID) shares are pushing higher on Sept. 17 after the electric vehicle (EV) company announced a robotaxi partnership with European ride-hailing giant Bolt. Under the terms of this agreement, Bolt will deploy 25,000 autonomous robotaxis across Europe, using LCID's upcoming mid-size vehicle platform.
Despite today's rally, Lucid stock is down more than 60% versus the start of this year.
Why It's Time to Load Up on Nvidia Stock
ORCL Stock Layoffs: What to Know About the Latest Oracle Job Cuts
Dear Tesla Stock Fans, Mark Your Calendars for October 1
#lucid #vehicle #despite #time
Despite today's rally, Lucid stock is down more than 60% versus the start of this year.
Why It's Time to Load Up on Nvidia Stock
ORCL Stock Layoffs: What to Know About the Latest Oracle Job Cuts
Dear Tesla Stock Fans, Mark Your Calendars for October 1
#lucid #vehicle #despite #time
2 months ago
Grab Holdings (NASDAQ:GRAB), a super-app for ride-hailing, deliveries, and digital financial services, closed at $2.87, down 1.37%. The stock moved after Grab announced a $1.49 billion cash deal for a 60% stake in Atome Financial. Investors are watching the financial services expansion and consumer lending reach looking ahead. Trading volume reached 82.1M shares, coming in about 72% above its three-month average of 47.6M shares. Grab Holdings IPO'd in 2020 and has fallen 76% since going public.
The S&P 500 (SNPINDEX:^GSPC) fell 0.43% to 7,553, and the Nasdaq Composite (NASDAQINDEX:^IXIC) slipped 0.01% to 25,978. Among ride-hailing, delivery, and consumer fintech platforms, Uber Technologies (NYSE:UBER) closed at $71.01, down 0.59%, while Lyft (NASDAQ:LYFT) finished at $15.69, unchanged, as mobility peers remained in focus.
Grab, the Southeast Asian delivery, mobility, and financial services upstart, continues to show it intends to become the leading "superapp" in its niche after acquiring 60% of Atome Financial for $1.49 billion today. Prior to the deal, Grab held over $6 billion in cash versus minimal debt, so the deal shouldn't be a funding problem by any means.
Atome Financial operates in five of Grab's six markets and brings over 25 million unique transacting users, helping to beef up the latter's fintech offerings. Atome has seen its gross merchandise volume grow ninefold over the last six years and is profitable on an adjusted EBITDA basis.
As of 2024, merely 5% of Southeast Asian adults owned a credit card and only 14% had borrowed from a financial institution, so the potential here for Grab could be massive if they execute successfully upon this opportunity.
#billion #deal #lyft
The S&P 500 (SNPINDEX:^GSPC) fell 0.43% to 7,553, and the Nasdaq Composite (NASDAQINDEX:^IXIC) slipped 0.01% to 25,978. Among ride-hailing, delivery, and consumer fintech platforms, Uber Technologies (NYSE:UBER) closed at $71.01, down 0.59%, while Lyft (NASDAQ:LYFT) finished at $15.69, unchanged, as mobility peers remained in focus.
Grab, the Southeast Asian delivery, mobility, and financial services upstart, continues to show it intends to become the leading "superapp" in its niche after acquiring 60% of Atome Financial for $1.49 billion today. Prior to the deal, Grab held over $6 billion in cash versus minimal debt, so the deal shouldn't be a funding problem by any means.
Atome Financial operates in five of Grab's six markets and brings over 25 million unique transacting users, helping to beef up the latter's fintech offerings. Atome has seen its gross merchandise volume grow ninefold over the last six years and is profitable on an adjusted EBITDA basis.
As of 2024, merely 5% of Southeast Asian adults owned a credit card and only 14% had borrowed from a financial institution, so the potential here for Grab could be massive if they execute successfully upon this opportunity.
#billion #deal #lyft
2 months ago
Autonomous vehicle company May Mobility is merging with a special purpose acquisition company (SPAC) and will become a publicly traded company. It's a deal that could raise more than $300 million for May Mobility at a valuation of $1.4 billion, the company said Wednesday.
Once the merger is complete, May Mobility said it will be the first public company in the U.S. that is focused entirely on autonomous ride-hailing vehicles. This is meant to differentiate it from a number of other public companies working on autonomy, including Tesla, Rivian, Alphabet (with Waymo), and trucking-focused Aurora and Kodiak.
The move sets up May Mobility to be a test of the stock market's appetite for pure-play robotaxi ventures.
It will also be a test of May Mobility's approach to autonomy, which it pitches as "asset-light" and "partnership-first." Instead of owning and operating the robotaxis, May Mobility's business revolves around selling its autonomous vehicles to its fleet partners over time while maintaining control of any remote supervision and software updates. In exchange, May Mobility receives either fixed fees or per-trip licensing fees.
Founded in 2017, May Mobility currently operates autonomous Toyota Siennas in three locations in the U.S. It has a partnership with Lyft in Atlanta, and offers rides in two cities — Eden Prairie and Grand Rapids — in Minnesota.
#company #autonomous #focused
Once the merger is complete, May Mobility said it will be the first public company in the U.S. that is focused entirely on autonomous ride-hailing vehicles. This is meant to differentiate it from a number of other public companies working on autonomy, including Tesla, Rivian, Alphabet (with Waymo), and trucking-focused Aurora and Kodiak.
The move sets up May Mobility to be a test of the stock market's appetite for pure-play robotaxi ventures.
It will also be a test of May Mobility's approach to autonomy, which it pitches as "asset-light" and "partnership-first." Instead of owning and operating the robotaxis, May Mobility's business revolves around selling its autonomous vehicles to its fleet partners over time while maintaining control of any remote supervision and software updates. In exchange, May Mobility receives either fixed fees or per-trip licensing fees.
Founded in 2017, May Mobility currently operates autonomous Toyota Siennas in three locations in the U.S. It has a partnership with Lyft in Atlanta, and offers rides in two cities — Eden Prairie and Grand Rapids — in Minnesota.
#company #autonomous #focused
2 months ago
Tesla, Inc. (NASDAQ:TSLA) spent nearly two years raising anticipation for the Cybercab. When the time arrived on September 3 in Austin, the result was a stock that popped, then rapidly returned all of its gains, and a robotaxi race that still seems to be Alphabet's to lose.
Tesla, Inc. (NASDAQ:TSLA) had its long-awaited Cybercab launch event in Austin, Texas, but it was invitation-only, not livestreamed, and CEO Elon Musk wasn't there. The company's main public update was a 51-second video released on X of the two-seat, steering-wheel-free vehicle roaming city streets and people hailing it by app. Shares rose roughly 5% throughout the session, finishing near $376. By September 4, enthusiasm had waned, with the stock plummeting as much as 6% as investors realized how little the event revealed about deployment timelines, production ramp, or regulatory clearance.
Only 45 Cybercabs were registered in Texas, and Tesla, Inc. (NASDAQ:TSLA) did not seek an NHTSA exemption before deployment, instead self-certifying the Cybercab as compliant with applicable federal safety standards. NHTSA subsequently opened an audit into that certification and has ordered Tesla to provide additional information about the basis for its compliance claims. CNBC summarized the reaction bluntly: the update "underwhelmed" Wall Street, which had been relying on Tesla, Inc. (NASDAQ:TSLA) becoming a strong rival in the robotaxi sector, which Alphabet's Waymo currently leads.
That comparison is at the heart of the story. Waymo has established the operational track record that Tesla, Inc. (NASDAQ:TSLA) is still chasing: more than 4,000 autonomous vehicles across its U.S. fleet and more than 500,000 fully autonomous rides per week.
Wall Street's take on the incident was severely divided along those lines. Despite Tesla's efforts to control the narrative, some ******* ysts, including Gary Black of Future Fund, called the Cybercab debut largely a bust. Others, such as Deepwater ******* et Management's Gene Munster, predicted that Tesla, Inc. (NASDAQ:TSLA) will add approximately 300 Cybercabs in Austin over the next month.
#tesla #NASDAQ #cybercab
Tesla, Inc. (NASDAQ:TSLA) had its long-awaited Cybercab launch event in Austin, Texas, but it was invitation-only, not livestreamed, and CEO Elon Musk wasn't there. The company's main public update was a 51-second video released on X of the two-seat, steering-wheel-free vehicle roaming city streets and people hailing it by app. Shares rose roughly 5% throughout the session, finishing near $376. By September 4, enthusiasm had waned, with the stock plummeting as much as 6% as investors realized how little the event revealed about deployment timelines, production ramp, or regulatory clearance.
Only 45 Cybercabs were registered in Texas, and Tesla, Inc. (NASDAQ:TSLA) did not seek an NHTSA exemption before deployment, instead self-certifying the Cybercab as compliant with applicable federal safety standards. NHTSA subsequently opened an audit into that certification and has ordered Tesla to provide additional information about the basis for its compliance claims. CNBC summarized the reaction bluntly: the update "underwhelmed" Wall Street, which had been relying on Tesla, Inc. (NASDAQ:TSLA) becoming a strong rival in the robotaxi sector, which Alphabet's Waymo currently leads.
That comparison is at the heart of the story. Waymo has established the operational track record that Tesla, Inc. (NASDAQ:TSLA) is still chasing: more than 4,000 autonomous vehicles across its U.S. fleet and more than 500,000 fully autonomous rides per week.
Wall Street's take on the incident was severely divided along those lines. Despite Tesla's efforts to control the narrative, some ******* ysts, including Gary Black of Future Fund, called the Cybercab debut largely a bust. Others, such as Deepwater ******* et Management's Gene Munster, predicted that Tesla, Inc. (NASDAQ:TSLA) will add approximately 300 Cybercabs in Austin over the next month.
#tesla #NASDAQ #cybercab
2 months ago
IPO Edge hosted a fireside chat at Nasdaq MarketSite with ***** n Tomsky, Chief Executive Officer and Founder of inDrive. The in-person interview was joined by Editor-in-Chief John Jannarone and they discussed the company's global scale alongside its competitive advantages and moats after more than a decade of growth, the opportunities beyond ride-hailing and where will the next growth phase come from.
About ***** n Tomsky, CEO and Founder
Arsen leads inDrive's global team of nearly 3,000 employees, driving the company's mission. Through fair-pay income opportunities, he is dedicated to empowering communities and increasing social mobility in underserved regions globally. Under ***** n's leadership, inDrive has demonstrated that responsible AI and profitable growth are not competing priorities; his core belief is that technology should amplify human agency, not replace it with opaque algorithms. Outside of his leadership role, ***** n is an avid runner and has successfully completed the Chicago and Tokyo marathons.
About inDrive
inDrive is a global mobility and delivery platform. The inDrive app has been downloaded over 400 million times and has been named the second most downloaded ride-hailing app. In addition to ride-hailing, inDrive provides an expanding list of services, including intercity transportation, delivery, and financial services. In 2023, inDrive launched New Ventures, a venture and M&A arm.
#indrive #ride #chief
About ***** n Tomsky, CEO and Founder
Arsen leads inDrive's global team of nearly 3,000 employees, driving the company's mission. Through fair-pay income opportunities, he is dedicated to empowering communities and increasing social mobility in underserved regions globally. Under ***** n's leadership, inDrive has demonstrated that responsible AI and profitable growth are not competing priorities; his core belief is that technology should amplify human agency, not replace it with opaque algorithms. Outside of his leadership role, ***** n is an avid runner and has successfully completed the Chicago and Tokyo marathons.
About inDrive
inDrive is a global mobility and delivery platform. The inDrive app has been downloaded over 400 million times and has been named the second most downloaded ride-hailing app. In addition to ride-hailing, inDrive provides an expanding list of services, including intercity transportation, delivery, and financial services. In 2023, inDrive launched New Ventures, a venture and M&A arm.
#indrive #ride #chief
2 months ago
IPO Edge hosted a fireside chat at Nasdaq MarketSite with ***** n Tomsky, Chief Executive Officer and Founder of inDrive. The in-person interview was joined by Editor-in-Chief John Jannarone and they discussed the company's global scale alongside its competitive advantages and moats after more than a decade of growth, the opportunities beyond ride-hailing and where will the next growth phase come from.
About ***** n Tomsky, CEO and Founder
Arsen leads inDrive's global team of nearly 3,000 employees, driving the company's mission. Through fair-pay income opportunities, he is dedicated to empowering communities and increasing social mobility in underserved regions globally. Under ***** n's leadership, inDrive has demonstrated that responsible AI and profitable growth are not competing priorities; his core belief is that technology should amplify human agency, not replace it with opaque algorithms. Outside of his leadership role, ***** n is an avid runner and has successfully completed the Chicago and Tokyo marathons.
About inDrive
inDrive is a global mobility and delivery platform. The inDrive app has been downloaded over 400 million times and has been named the second most downloaded ride-hailing app. In addition to ride-hailing, inDrive provides an expanding list of services, including intercity transportation, delivery, and financial services. In 2023, inDrive launched New Ventures, a venture and M&A arm.
#arsen #global #hailing
About ***** n Tomsky, CEO and Founder
Arsen leads inDrive's global team of nearly 3,000 employees, driving the company's mission. Through fair-pay income opportunities, he is dedicated to empowering communities and increasing social mobility in underserved regions globally. Under ***** n's leadership, inDrive has demonstrated that responsible AI and profitable growth are not competing priorities; his core belief is that technology should amplify human agency, not replace it with opaque algorithms. Outside of his leadership role, ***** n is an avid runner and has successfully completed the Chicago and Tokyo marathons.
About inDrive
inDrive is a global mobility and delivery platform. The inDrive app has been downloaded over 400 million times and has been named the second most downloaded ride-hailing app. In addition to ride-hailing, inDrive provides an expanding list of services, including intercity transportation, delivery, and financial services. In 2023, inDrive launched New Ventures, a venture and M&A arm.
#arsen #global #hailing
2 months ago
Lyft, Inc. (NASDAQ:LYFT) has begun offering Waymo's fully autonomous robotaxi rides directly through its app in Nashville, marking the first market where Waymo vehicles can be booked through both the Waymo and Lyft apps. Lyft users requesting Standard, Priority Pickup, Wait & Save, or Extra Comfort rides within the designated Nashville service area can be matched with a Waymo vehicle at no additional cost.
The rollout also gives Lyft a larger role in the autonomous-vehicle ecosystem through its Flexdrive subsidiary, which will manage charging, cleaning and maintenance for Waymo's fleet. Reuters previously reported that the Nashville partnership was intended to become Waymo's first commercial deployment through Lyft's ride-hailing network.
paul-hanaoka-D-qq7W751vs-unsplash
The partnership could strengthen Lyft, Inc. (NASDAQ:LYFT)'s long-term position in a ride-hailing industry that is increasingly moving toward autonomous vehicles. Rather than spending heavily to develop its own robotaxi technology, Lyft can leverage Waymo's autonomous-driving capabilities while providing the customer base, app infrastructure, and fleet-management services needed to put those vehicles to work. This ****** et-light approach could allow Lyft to participate in the growth of robotaxis without bearing the enormous technological costs and risks ****** ociated with developing a self-driving system internally.
The bigger opportunity is Flexdrive. Lyft is not simply sending customers to Waymo; its subsidiary is taking responsibility for keeping Waymo vehicles operational in Nashville. Lyft says its new 80,000-square-foot facility will support more than 70 full-time positions and help optimize vehicle availability. If this operating model proves successful, Lyft could potentially become a valuable infrastructure and fleet-management partner as Waymo expands into additional markets. That would give Lyft another potential revenue opportunity beyond traditional ride commissions.
#vehicle #fleet #ride #NASDAQ
The rollout also gives Lyft a larger role in the autonomous-vehicle ecosystem through its Flexdrive subsidiary, which will manage charging, cleaning and maintenance for Waymo's fleet. Reuters previously reported that the Nashville partnership was intended to become Waymo's first commercial deployment through Lyft's ride-hailing network.
paul-hanaoka-D-qq7W751vs-unsplash
The partnership could strengthen Lyft, Inc. (NASDAQ:LYFT)'s long-term position in a ride-hailing industry that is increasingly moving toward autonomous vehicles. Rather than spending heavily to develop its own robotaxi technology, Lyft can leverage Waymo's autonomous-driving capabilities while providing the customer base, app infrastructure, and fleet-management services needed to put those vehicles to work. This ****** et-light approach could allow Lyft to participate in the growth of robotaxis without bearing the enormous technological costs and risks ****** ociated with developing a self-driving system internally.
The bigger opportunity is Flexdrive. Lyft is not simply sending customers to Waymo; its subsidiary is taking responsibility for keeping Waymo vehicles operational in Nashville. Lyft says its new 80,000-square-foot facility will support more than 70 full-time positions and help optimize vehicle availability. If this operating model proves successful, Lyft could potentially become a valuable infrastructure and fleet-management partner as Waymo expands into additional markets. That would give Lyft another potential revenue opportunity beyond traditional ride commissions.
#vehicle #fleet #ride #NASDAQ
2 months ago
Uber Technologies (UBER) shares ended higher on Thursday even though a senior Arete Research ***** yst downgraded the ride-hailing and delivery giant to "Neutral." In his research note, Oliver Lester also reduced his price objective to $74, indicating a lack of meaningful upside in UBER from current levels.
Note that Uber stock has been a disappointment for investors in 2026, currently down about 20% versus its year-to-date high.
Why It's Time to Load Up on Intel Stock
Nvidia CEO Jensen Huang Just Called CrowdStrike Its Top Security Partner. How to Play CRWD Stock Here.
Google Plans to Build Mammoth Solar Farm on an Abandoned Coal Mine. This Penny Stock Just Won the Deal.
#note #thursday #arete
Note that Uber stock has been a disappointment for investors in 2026, currently down about 20% versus its year-to-date high.
Why It's Time to Load Up on Intel Stock
Nvidia CEO Jensen Huang Just Called CrowdStrike Its Top Security Partner. How to Play CRWD Stock Here.
Google Plans to Build Mammoth Solar Farm on an Abandoned Coal Mine. This Penny Stock Just Won the Deal.
#note #thursday #arete
2 months ago
By Andrew Osborn
MOSCOW, Sept 10 (Reuters) - Bone fragments from the sword hand of a medieval Russian prince who won a famous victory over the Mongols have been sent to the front in Ukraine to raise army morale in the Russian Orthodox Church's latest show of support for President Vladimir Putin's war.
The sarcophagus of Grand Prince Dmitry Donskoy, who died in 1389 and is revered by Russian nationalists for defeating the Mongol Golden Horde at the 1380 Battle of Kulikovo, was uncovered this summer during restoration work at Moscow's Cathedral of the Archangel inside the Kremlin.
Putin personally inspected what experts said were the prince's well-preserved remains in August, hailing them as "an absolutely unique and marvellous discovery" which reinforced the foundations of Russian history.
The Russian Orthodox Church, which has backed Putin throughout the conflict, said it had dispatched a fragment of Donskoy's right hand to Donetsk, one of four Ukrainian regions Putin said he had incorporated into Russia in 2022, a move Kyiv rejected as an illegal land grab.
#prince #andrew #osborn #reuters
MOSCOW, Sept 10 (Reuters) - Bone fragments from the sword hand of a medieval Russian prince who won a famous victory over the Mongols have been sent to the front in Ukraine to raise army morale in the Russian Orthodox Church's latest show of support for President Vladimir Putin's war.
The sarcophagus of Grand Prince Dmitry Donskoy, who died in 1389 and is revered by Russian nationalists for defeating the Mongol Golden Horde at the 1380 Battle of Kulikovo, was uncovered this summer during restoration work at Moscow's Cathedral of the Archangel inside the Kremlin.
Putin personally inspected what experts said were the prince's well-preserved remains in August, hailing them as "an absolutely unique and marvellous discovery" which reinforced the foundations of Russian history.
The Russian Orthodox Church, which has backed Putin throughout the conflict, said it had dispatched a fragment of Donskoy's right hand to Donetsk, one of four Ukrainian regions Putin said he had incorporated into Russia in 2022, a move Kyiv rejected as an illegal land grab.
#prince #andrew #osborn #reuters
2 months ago
Second-year safety Zack Harden was the talk of the town for Gophers football in the offseason. He played just 14 defensive snaps last season as a true freshman, but the departure of Koi Perich left a golden opportunity for a young player to ******* ume a bigger role. Harden was getting plenty of hype in the spring and summer, and he showed why on Thursday night against Eastern Illinois.
Harden started at safety alongside Kerry Brown. He played 12 snaps at strong safety, six at slot cornerback and nine at free safety. He produced with four total tackles, 1.5 tackles for loss and three quarterback hurries. Pro Football Focus (PFF) gave him a 79.2 defensive grade, which was the best in Minnesota's secondary.
Sep 3, 2026; Minneapolis, Minnesota, USA; Minnesota Golden Gophers defensive back Zack Harden (4) celebrates during the second half against the Eastern Illinois Panthers at Huntington Bank Stadium. Mandatory Credit: Matt Krohn-Imagn Images
Hailing from Covington, Georgia, Harden was heavily pursued as a high school prospect. He was just a three-star recruit, but he held notable top offers from programs such as Auburn, USC, Ole Miss, Texas A&M, and many more. He was the Gophers' 11th-highest-rated signee in their 22-player class in the 2025 cycle, according to the 247Sports Composite, and he has hit the ground running.
Minnesota has had a long history of producing elite safety talent since P.J. Fleck arrived at the school in 2017. Antoine Winfield Jr., Tyler Nubin, Jordan Howden and Koi Perich have all produced at an elite level. Brown has established himself, but Harden has all the traits to be the next star at the position.
#safety #minnesota #brown
Harden started at safety alongside Kerry Brown. He played 12 snaps at strong safety, six at slot cornerback and nine at free safety. He produced with four total tackles, 1.5 tackles for loss and three quarterback hurries. Pro Football Focus (PFF) gave him a 79.2 defensive grade, which was the best in Minnesota's secondary.
Sep 3, 2026; Minneapolis, Minnesota, USA; Minnesota Golden Gophers defensive back Zack Harden (4) celebrates during the second half against the Eastern Illinois Panthers at Huntington Bank Stadium. Mandatory Credit: Matt Krohn-Imagn Images
Hailing from Covington, Georgia, Harden was heavily pursued as a high school prospect. He was just a three-star recruit, but he held notable top offers from programs such as Auburn, USC, Ole Miss, Texas A&M, and many more. He was the Gophers' 11th-highest-rated signee in their 22-player class in the 2025 cycle, according to the 247Sports Composite, and he has hit the ground running.
Minnesota has had a long history of producing elite safety talent since P.J. Fleck arrived at the school in 2017. Antoine Winfield Jr., Tyler Nubin, Jordan Howden and Koi Perich have all produced at an elite level. Brown has established himself, but Harden has all the traits to be the next star at the position.
#safety #minnesota #brown
2 months ago
Uber is laying off about 3,300 employees, or about 10% of its workforce.
It is the deepest cut the ride-hailing giant that revolutionized on-demand taxis has made since the COVID-19 pandemic.
Chief Executive Dara Khosrowshahi announced the layoffs in a letter to employees Wednesday. The cut comes as Uber faces increasing competition from the growing robotaxi industry and other delivery services such as Instacart and DoorDash.
Read more: Waymo wins approval for drastic expansion in Los Angeles, Bay Area regions
Waymo, the Alphabet-owned autonomous taxi company, is expanding rapidly and operates in 14 cities including Los Angeles, San Diego and San Francisco. Uber also competes with rival Lyft across the country.
#dara #wednesday
It is the deepest cut the ride-hailing giant that revolutionized on-demand taxis has made since the COVID-19 pandemic.
Chief Executive Dara Khosrowshahi announced the layoffs in a letter to employees Wednesday. The cut comes as Uber faces increasing competition from the growing robotaxi industry and other delivery services such as Instacart and DoorDash.
Read more: Waymo wins approval for drastic expansion in Los Angeles, Bay Area regions
Waymo, the Alphabet-owned autonomous taxi company, is expanding rapidly and operates in 14 cities including Los Angeles, San Diego and San Francisco. Uber also competes with rival Lyft across the country.
#dara #wednesday
2 months ago
Payton Tolle is one of the best stories of the 2026 season. A thoughtful prospect writer brought him to my attention early last year, knowing my affinity for a good four-seamer, a thick 'stache and a mien that would be equally at home on a small fishing boat off the coast of Bangor in 1890 as he is on a pitching mound. Tolle wears his emotions openly across his face and through his body; the joy, the devastation, the playfulness. To be pitching at the level that he is requires skill and effort, but part of Tolle's charm is the authenticity woven within all that baseball work. Maybe this won't resonate to anyone else, but there are a lot of guys who present as baseball players first and humans as a secondary classification. Tolle is distinctly a human playing baseball, and it's one of the highest compliments I can pay (see also: Gutierrez, Franklin or Wilhelmsen, Tom, among others).
It came as little surprise, then, when Tolle cited the Turnpike Troubadors as one of his favorite musical acts. There's the Oklahoma connection, of course, with both hailing from the Sooner State, but that same authenticity runs through every song Turnpike performs. And that's courtesy of Evan Felker, the band's lead singer and one of the finest songwriters of the generation.
No one here needs to read any more about the Seattle Mariners today. Honestly, we're all probably good for the rest of the year on consumption of Mariners content, but regardless of their record this is still a community, and community means continuing showing up for one another. In gratitude for you all, I offer a selection of some of my favorite Turnpike Troubadors lyrics and songs. I hope that in the ragged place baseball usually occupies, maybe they'll prompt that thrum of recognition in your chest that only good art can inspire.
"Come back from the dark somehow
Finally living in the here and now
No sign of a thundercloud following you
Don't take it personal, the world don't turn around you
Hold on to the moment like it's heaven passing through" – Heaven Passing Through
View Link
#good #troubadors
It came as little surprise, then, when Tolle cited the Turnpike Troubadors as one of his favorite musical acts. There's the Oklahoma connection, of course, with both hailing from the Sooner State, but that same authenticity runs through every song Turnpike performs. And that's courtesy of Evan Felker, the band's lead singer and one of the finest songwriters of the generation.
No one here needs to read any more about the Seattle Mariners today. Honestly, we're all probably good for the rest of the year on consumption of Mariners content, but regardless of their record this is still a community, and community means continuing showing up for one another. In gratitude for you all, I offer a selection of some of my favorite Turnpike Troubadors lyrics and songs. I hope that in the ragged place baseball usually occupies, maybe they'll prompt that thrum of recognition in your chest that only good art can inspire.
"Come back from the dark somehow
Finally living in the here and now
No sign of a thundercloud following you
Don't take it personal, the world don't turn around you
Hold on to the moment like it's heaven passing through" – Heaven Passing Through
View Link
#good #troubadors
2 months ago
Today's sports front pages, August 29, are packed with major talking points: Kylian Mbappé is in the Madrid spotlight after his brilliant start, Barça are looking for tactical solutions after the "Flick Spirit," and Julián Álvarez's situation continues to make headlines ahead of the big Sevilla-Atlético clash.
The newspaper AS devotes its front page to Kylian Mbappé under the headline "MBAPPÉ EYES THE BALLON D'OR", highlighting the French forward's ambitions to win the individual award after his hat-trick against Real Sociedad and his performances for Real Madrid.
The big surprise of the transfer market comes from MARCA with its headline "THE SUMMER'S BLOCKBUSTER", announcing the presentation of Álvaro Morata by CD Leganés.
In the Catalan press, MUNDO DEPORTIVO praises the "FLICK SPIRIT", hailing the dynamism and collective pressing of the Blaugrana side despite not having an out-and-out No. 9.
For its part, SPORT goes a step further and states that "RAPHINHA WILL BE THE '9'" as the main alternative in the German coach's system.
#madrid
The newspaper AS devotes its front page to Kylian Mbappé under the headline "MBAPPÉ EYES THE BALLON D'OR", highlighting the French forward's ambitions to win the individual award after his hat-trick against Real Sociedad and his performances for Real Madrid.
The big surprise of the transfer market comes from MARCA with its headline "THE SUMMER'S BLOCKBUSTER", announcing the presentation of Álvaro Morata by CD Leganés.
In the Catalan press, MUNDO DEPORTIVO praises the "FLICK SPIRIT", hailing the dynamism and collective pressing of the Blaugrana side despite not having an out-and-out No. 9.
For its part, SPORT goes a step further and states that "RAPHINHA WILL BE THE '9'" as the main alternative in the German coach's system.
#madrid
2 months ago
On August 13, dLocal (NASDAQ:DLO) reported second-quarter results that were hard to poke holes in. Total payment volume hit $17.7 billion, up 92% year over year, its best pace in more than four years. Revenue climbed 56% to $399.7 million, and gross profit reached a record $127.2 million. For a company whose whole business is moving money faster and cheaper across emerging markets, this was about as strong a quarter as it gets.
Behind the headline number is a business that keeps getting stickier with the merchants it already has. Net revenue retention landed at 153%, the fifth straight quarter above 140%, and TPV retention hit 188%, meaning existing clients are adding countries, payment methods, and products rather than just processing more of the same volume. CEO Pedro Arnt called it "the highest growth rate since the first quarter of 2022."
Brazil and Argentina did the heavy lifting on profitability, with gross profit hitting records of $40 million and $20 million, powered by ride-hailing, travel and e-commerce merchants ramping up. Local-to-local transactions, where money moves within a single country rather than across borders, climbed to 61% of volume, up 6 percentage points from the first quarter, as ride-hailing and on-demand delivery merchants scaled fast.
dLocal is also pushing beyond core processing. Buy now, pay later is now live in eight markets, and the company plans to launch dMore, a merchant of record service that takes on the legal and tax headaches of entering new countries. It's also landing new categories of customers, including artificial intelligence companies and digital **** et exchanges, on top of a base that already includes four of the largest ride-hailing companies in the world.
Not every market moved in the same direction. Mexico's revenue grew 64% year over year, but sequential gross profit slipped as pricing tiers on large merchants matured and dLocal struggled to bring local processing costs down as a share of volume. CFO Guillermo Perez flagged that the company expects upward pressure on its effective tax rate starting in 2027 as countries adopt the OECD's Pillar 2 minimum tax framework, though he said it's too early to size the impact.
#dlocal #profit
Behind the headline number is a business that keeps getting stickier with the merchants it already has. Net revenue retention landed at 153%, the fifth straight quarter above 140%, and TPV retention hit 188%, meaning existing clients are adding countries, payment methods, and products rather than just processing more of the same volume. CEO Pedro Arnt called it "the highest growth rate since the first quarter of 2022."
Brazil and Argentina did the heavy lifting on profitability, with gross profit hitting records of $40 million and $20 million, powered by ride-hailing, travel and e-commerce merchants ramping up. Local-to-local transactions, where money moves within a single country rather than across borders, climbed to 61% of volume, up 6 percentage points from the first quarter, as ride-hailing and on-demand delivery merchants scaled fast.
dLocal is also pushing beyond core processing. Buy now, pay later is now live in eight markets, and the company plans to launch dMore, a merchant of record service that takes on the legal and tax headaches of entering new countries. It's also landing new categories of customers, including artificial intelligence companies and digital **** et exchanges, on top of a base that already includes four of the largest ride-hailing companies in the world.
Not every market moved in the same direction. Mexico's revenue grew 64% year over year, but sequential gross profit slipped as pricing tiers on large merchants matured and dLocal struggled to bring local processing costs down as a share of volume. CFO Guillermo Perez flagged that the company expects upward pressure on its effective tax rate starting in 2027 as countries adopt the OECD's Pillar 2 minimum tax framework, though he said it's too early to size the impact.
#dlocal #profit
2 months ago
It's now or never for New Jersey in the Little League World Series.
The Bayonne Bees are in must-win territory now featured on the elimination side of the bracket after a 6-0 loss against Davenport on Sunday in Williamsport.
A win would keep the team hailing from the Garden State alive for another day as they'd continue through that side of the bracket with hopes of appearing in the LLWS US Final on Saturday and more importantly, the LLWS championship game on Sunday.
A loss on Tuesday night would send the 12-year-olds from Bayonne home and officially eliminated from the Little League World Series tournament.
With first pitch coming up, here's all the important details you need to know on how to watch, the schedule and more on Bayonne in the LLWS:
#league #sunday
The Bayonne Bees are in must-win territory now featured on the elimination side of the bracket after a 6-0 loss against Davenport on Sunday in Williamsport.
A win would keep the team hailing from the Garden State alive for another day as they'd continue through that side of the bracket with hopes of appearing in the LLWS US Final on Saturday and more importantly, the LLWS championship game on Sunday.
A loss on Tuesday night would send the 12-year-olds from Bayonne home and officially eliminated from the Little League World Series tournament.
With first pitch coming up, here's all the important details you need to know on how to watch, the schedule and more on Bayonne in the LLWS:
#league #sunday
2 months ago
2027 WNBA Draft aspirant Enes Kanter revealed his thoughts on Indiana Fever guard Sophie Cunningham.
Kanter was removed from the Fever vs. Chicago Sky game on Sunday after a verbal altercation with Sky veteran Natasha Cloud, and the incident dominated the headlines rather than the Fever's 113-90 win.
One of the primary reasons Kanter chose this game was because of the Fever and Sophie Cunningham's presence, discussing the 30-year-old Fever guard in an interview after the game.
Kanter appeared on Fox News and revealed that he texted Cunningham after the game to help redirect her focus while hailing her as an American hero.
"I texted her after the game. I was like, 'Please focus on your game because you are a national treasure, an American hero,' and she should be protected at all costs. She isn't just inspiring young girls in America, but all over the world. She's an idol and a hero."
#kanter #fever #hero #guard
Kanter was removed from the Fever vs. Chicago Sky game on Sunday after a verbal altercation with Sky veteran Natasha Cloud, and the incident dominated the headlines rather than the Fever's 113-90 win.
One of the primary reasons Kanter chose this game was because of the Fever and Sophie Cunningham's presence, discussing the 30-year-old Fever guard in an interview after the game.
Kanter appeared on Fox News and revealed that he texted Cunningham after the game to help redirect her focus while hailing her as an American hero.
"I texted her after the game. I was like, 'Please focus on your game because you are a national treasure, an American hero,' and she should be protected at all costs. She isn't just inspiring young girls in America, but all over the world. She's an idol and a hero."
#kanter #fever #hero #guard
2 months ago
Tesla (NASDAQ:TSLA), the leading global electric vehicle (EV) and energy storage manufacturer closed at $362.86, up 5.14%. Investors were encouraged by Nevada's permitting of paid robotaxi service as they watched the autonomous ride-hailing rollout progress.
Trading volume reached 58.5 million shares, coming in about 39% above its three-month average of 42.1 million shares. Tesla IPO'd in 2010 and has grown 22,721% since going public.
The S&P 500 (SNPINDEX:^GSPC) closed at 7,674, up 0.43%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) closed at 26,180, also up 0.43%. Among automotive and EV peers, Rivian Automotive (NASDAQ:RIVN) closed at $16.97, up 6.00%, and Ford Motor (NYSE:F) closed at $14.41, up 3.00%, with Tesla drawing extra attention thanks to robotaxi approvals.
Officials announced on Friday that the Nevada Transportation Authority has authorized three autonomous vehicle companies to offer passenger transportation using driverless cars within Clark County, which includes Las Vegas. Tesla has been permitted to operate a fleet of up to 5,000 fully autonomous vehicles in its first year, though it's unlikely the company will deploy that many.
Last week, reports said Tesla was preparing to launch its Cybercab in Austin later this month, beginning with rides for employees. Investors have been anticipating Tesla's fully autonomous ride-hailing fleet, and the stock is reacting to that progress.
In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. If you'd invested $5,000 then, you'd be sitting on $2,815,676 today.*
#investors #robotaxi
Trading volume reached 58.5 million shares, coming in about 39% above its three-month average of 42.1 million shares. Tesla IPO'd in 2010 and has grown 22,721% since going public.
The S&P 500 (SNPINDEX:^GSPC) closed at 7,674, up 0.43%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) closed at 26,180, also up 0.43%. Among automotive and EV peers, Rivian Automotive (NASDAQ:RIVN) closed at $16.97, up 6.00%, and Ford Motor (NYSE:F) closed at $14.41, up 3.00%, with Tesla drawing extra attention thanks to robotaxi approvals.
Officials announced on Friday that the Nevada Transportation Authority has authorized three autonomous vehicle companies to offer passenger transportation using driverless cars within Clark County, which includes Las Vegas. Tesla has been permitted to operate a fleet of up to 5,000 fully autonomous vehicles in its first year, though it's unlikely the company will deploy that many.
Last week, reports said Tesla was preparing to launch its Cybercab in Austin later this month, beginning with rides for employees. Investors have been anticipating Tesla's fully autonomous ride-hailing fleet, and the stock is reacting to that progress.
In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. If you'd invested $5,000 then, you'd be sitting on $2,815,676 today.*
#investors #robotaxi
3 months ago
Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Achieved first-ever positive adjusted EBITDA, signaling that the company's marketplace scale is successfully translating into sustainable profitability.
Revenue growth of 141% was primarily driven by the successful monetization of platform subscription packages and increased trip volume across the network.
Expanded the ride-hailing footprint from 20 to 30 cities, now covering approximately 85% of Türkiye's GDP to capture structural demand from urban congestion.
Leveraged a multi-service 'super app' strategy where delivery adoption among existing mobility users drives higher driver utilization and superior unit economics.
#ebitda #leveraged
Achieved first-ever positive adjusted EBITDA, signaling that the company's marketplace scale is successfully translating into sustainable profitability.
Revenue growth of 141% was primarily driven by the successful monetization of platform subscription packages and increased trip volume across the network.
Expanded the ride-hailing footprint from 20 to 30 cities, now covering approximately 85% of Türkiye's GDP to capture structural demand from urban congestion.
Leveraged a multi-service 'super app' strategy where delivery adoption among existing mobility users drives higher driver utilization and superior unit economics.
#ebitda #leveraged
3 months ago
On August 17, Uber Technologies (NYSE:UBER) announced a partnership with drone delivery company Zipline to bring autonomous drone delivery to Uber Eats customers across the United States, alongside a strategic investment in the company. The deal is Uber's second major drone bet after last year's tie-up with Flytrex, and it lands as the ride-hailing giant tries to convince investors its business is stronger than its stock price suggests. Shares are down roughly 9% this year even as revenue, profit, and user growth have all moved in the right direction.
Uber's core business kept expanding through the second quarter. Monthly active platform consumers climbed 16% year over year to 208 million, and trips rose 18% over the same period. CEO Dara Khosrowshahi told shareholders that Uber added more first-time users over the past 12 months than in any period over the previous five years, a sign the platform is still finding new riders rather than just retaining old ones. Gross bookings, the total dollar value spent across rides, delivery, and freight, jumped 24% year over year to $58 billion in the second quarter, and management is guiding for at least $58.3 billion in the third.
Delivery is doing much of the heavy lifting. The segment's revenue grew 28% year over year in the second quarter, compared to just 1% growth in transportation, and delivery now accounts for more than a third of total sales. That momentum is why the Zipline partnership matters. The companies are targeting 1 million drone deliveries per day by the end of 2029, with the first flights beginning later this year in Zipline's existing US markets before expanding to dozens of additional cities. Zipline already operates on four continents, has completed 2 million deliveries, and was valued at $7.6 billion after raising $800 million earlier this year, a well-funded partner rather than an unproven startup.
Uber is chasing a similar playbook with autonomous vehicles. Self-driving cars are already active in seven cities on the platform, and Khosrowshahi said that could more than double to 15 by the end of 2026, backed by roughly $10 billion Uber plans to deploy to help its autonomous partners scale over the next few years.
None of this has translated into the stock price. Uber shares are down about 9% year to date, even as the fundamentals have moved in the opposite direction. When a company's results improve while its stock falls, it usually means investors are pricing in risks that have not shown up in the numbers yet.
#drone #zipline #billion #autonomous
Uber's core business kept expanding through the second quarter. Monthly active platform consumers climbed 16% year over year to 208 million, and trips rose 18% over the same period. CEO Dara Khosrowshahi told shareholders that Uber added more first-time users over the past 12 months than in any period over the previous five years, a sign the platform is still finding new riders rather than just retaining old ones. Gross bookings, the total dollar value spent across rides, delivery, and freight, jumped 24% year over year to $58 billion in the second quarter, and management is guiding for at least $58.3 billion in the third.
Delivery is doing much of the heavy lifting. The segment's revenue grew 28% year over year in the second quarter, compared to just 1% growth in transportation, and delivery now accounts for more than a third of total sales. That momentum is why the Zipline partnership matters. The companies are targeting 1 million drone deliveries per day by the end of 2029, with the first flights beginning later this year in Zipline's existing US markets before expanding to dozens of additional cities. Zipline already operates on four continents, has completed 2 million deliveries, and was valued at $7.6 billion after raising $800 million earlier this year, a well-funded partner rather than an unproven startup.
Uber is chasing a similar playbook with autonomous vehicles. Self-driving cars are already active in seven cities on the platform, and Khosrowshahi said that could more than double to 15 by the end of 2026, backed by roughly $10 billion Uber plans to deploy to help its autonomous partners scale over the next few years.
None of this has translated into the stock price. Uber shares are down about 9% year to date, even as the fundamentals have moved in the opposite direction. When a company's results improve while its stock falls, it usually means investors are pricing in risks that have not shown up in the numbers yet.
#drone #zipline #billion #autonomous
3 months ago
On August 17, Uber Technologies (NYSE:UBER) announced a partnership with drone delivery company Zipline to bring autonomous drone delivery to Uber Eats customers across the United States, alongside a strategic investment in the company. The deal is Uber's second major drone bet after last year's tie-up with Flytrex, and it lands as the ride-hailing giant tries to convince investors its business is stronger than its stock price suggests. Shares are down roughly 9% this year even as revenue, profit, and user growth have all moved in the right direction.
Uber's core business kept expanding through the second quarter. Monthly active platform consumers climbed 16% year over year to 208 million, and trips rose 18% over the same period. CEO Dara Khosrowshahi told shareholders that Uber added more first-time users over the past 12 months than in any period over the previous five years, a sign the platform is still finding new riders rather than just retaining old ones. Gross bookings, the total dollar value spent across rides, delivery, and freight, jumped 24% year over year to $58 billion in the second quarter, and management is guiding for at least $58.3 billion in the third.
Delivery is doing much of the heavy lifting. The segment's revenue grew 28% year over year in the second quarter, compared to just 1% growth in transportation, and delivery now accounts for more than a third of total sales. That momentum is why the Zipline partnership matters. The companies are targeting 1 million drone deliveries per day by the end of 2029, with the first flights beginning later this year in Zipline's existing US markets before expanding to dozens of additional cities. Zipline already operates on four continents, has completed 2 million deliveries, and was valued at $7.6 billion after raising $800 million earlier this year, a well-funded partner rather than an unproven startup.
Uber is chasing a similar playbook with autonomous vehicles. Self-driving cars are already active in seven cities on the platform, and Khosrowshahi said that could more than double to 15 by the end of 2026, backed by roughly $10 billion Uber plans to deploy to help its autonomous partners scale over the next few years.
None of this has translated into the stock price. Uber shares are down about 9% year to date, even as the fundamentals have moved in the opposite direction. When a company's results improve while its stock falls, it usually means investors are pricing in risks that have not shown up in the numbers yet.
#year #delivery #autonomous #Stock
Uber's core business kept expanding through the second quarter. Monthly active platform consumers climbed 16% year over year to 208 million, and trips rose 18% over the same period. CEO Dara Khosrowshahi told shareholders that Uber added more first-time users over the past 12 months than in any period over the previous five years, a sign the platform is still finding new riders rather than just retaining old ones. Gross bookings, the total dollar value spent across rides, delivery, and freight, jumped 24% year over year to $58 billion in the second quarter, and management is guiding for at least $58.3 billion in the third.
Delivery is doing much of the heavy lifting. The segment's revenue grew 28% year over year in the second quarter, compared to just 1% growth in transportation, and delivery now accounts for more than a third of total sales. That momentum is why the Zipline partnership matters. The companies are targeting 1 million drone deliveries per day by the end of 2029, with the first flights beginning later this year in Zipline's existing US markets before expanding to dozens of additional cities. Zipline already operates on four continents, has completed 2 million deliveries, and was valued at $7.6 billion after raising $800 million earlier this year, a well-funded partner rather than an unproven startup.
Uber is chasing a similar playbook with autonomous vehicles. Self-driving cars are already active in seven cities on the platform, and Khosrowshahi said that could more than double to 15 by the end of 2026, backed by roughly $10 billion Uber plans to deploy to help its autonomous partners scale over the next few years.
None of this has translated into the stock price. Uber shares are down about 9% year to date, even as the fundamentals have moved in the opposite direction. When a company's results improve while its stock falls, it usually means investors are pricing in risks that have not shown up in the numbers yet.
#year #delivery #autonomous #Stock
3 months ago
Pony.ai reported Tuesday that its overseas robotaxi deployment pipeline has grown to more than 4,000 vehicles, as the Chinese autonomous driving company accelerates its push into international markets.
Those vehicles are already under contract, though when each deployment goes live will depend on permitting, regulatory clearances, and other operational factors, Pony.ai CEO James Peng told ******* ysts on a post-earnings call, according to Reuters. Pony.ai offered no indication of when the full roster of planned international launches would be complete, and gave no figures on how many robotaxis it has actually put on the road outside China.
The total includes a contract with Uber for deployment of more than 2,000 robotaxis in Europe, the company said. Pony.ai did not disclose a breakdown of the remaining commitments across other markets.
Pony.ai announced the expanded Uber partnership last week, which builds on an existing commercial robotaxi service in Zagreb, Croatia, and adds four more European cities. Under the arrangement, Pony.ai contributes its autonomous driving technology and operational expertise, Uber provides its ride-hailing platform, and locally selected providers handle fleet tasks such as maintenance and charging.
Beyond Europe, Pony.ai said it has also advanced robotaxi operations in Luxembourg in collaboration with Bolt and Stellantis, and in Singapore made its robotaxi service available to the general public through ComfortDelGro's Zig app.
#international
Those vehicles are already under contract, though when each deployment goes live will depend on permitting, regulatory clearances, and other operational factors, Pony.ai CEO James Peng told ******* ysts on a post-earnings call, according to Reuters. Pony.ai offered no indication of when the full roster of planned international launches would be complete, and gave no figures on how many robotaxis it has actually put on the road outside China.
The total includes a contract with Uber for deployment of more than 2,000 robotaxis in Europe, the company said. Pony.ai did not disclose a breakdown of the remaining commitments across other markets.
Pony.ai announced the expanded Uber partnership last week, which builds on an existing commercial robotaxi service in Zagreb, Croatia, and adds four more European cities. Under the arrangement, Pony.ai contributes its autonomous driving technology and operational expertise, Uber provides its ride-hailing platform, and locally selected providers handle fleet tasks such as maintenance and charging.
Beyond Europe, Pony.ai said it has also advanced robotaxi operations in Luxembourg in collaboration with Bolt and Stellantis, and in Singapore made its robotaxi service available to the general public through ComfortDelGro's Zig app.
#international
3 months ago
Chinese tech giant Baidu (BIDU) is set to report its second-quarter results on Aug. 18, before the market opens. Ahead of the results, the company's stock is facing pressure from its legacy business. However, Baidu's other business segments have been surging, such as its AI-powered marketing business.
Moreover, Baidu's autonomous driving business is making inroads in Europe. Apollo Go, the company's autonomous ride-hailing platform, has started road-testing the platform's sixth-gen autonomous vehicle (RT6) in London, in a partnership with Freenow by Lyft (LYFT), with public rides expected next year. And, Baidu is eyeing a $50 billion IPO of its AI chip unit Kunlunxin. This is a big step for Kunlunxin, which has drawn interest from TikTok-owner ByteDance.
Billionaire Jensen Huang Says That When America Goes to War He Would Rather Not Be Asked About His Own Technology: 'I Would Really Appreciate Not Getting a Phone Call…'
Dear SanDisk Stock Fans, Mark Your Calendars for a Fresh Catalyst on August 13
As the Market Crashed in 1987, Paul Tudor Jones Made $100 Million in a Single Day: 'The Most Important Rule of Trading Is to Play Great Defense, Not Great Offense'
#baidu
Moreover, Baidu's autonomous driving business is making inroads in Europe. Apollo Go, the company's autonomous ride-hailing platform, has started road-testing the platform's sixth-gen autonomous vehicle (RT6) in London, in a partnership with Freenow by Lyft (LYFT), with public rides expected next year. And, Baidu is eyeing a $50 billion IPO of its AI chip unit Kunlunxin. This is a big step for Kunlunxin, which has drawn interest from TikTok-owner ByteDance.
Billionaire Jensen Huang Says That When America Goes to War He Would Rather Not Be Asked About His Own Technology: 'I Would Really Appreciate Not Getting a Phone Call…'
Dear SanDisk Stock Fans, Mark Your Calendars for a Fresh Catalyst on August 13
As the Market Crashed in 1987, Paul Tudor Jones Made $100 Million in a Single Day: 'The Most Important Rule of Trading Is to Play Great Defense, Not Great Offense'
#baidu
3 months ago
Uber (UBER) reported second quarter results on Wednesday that beat on bookings and profit, but shares fell as the ride-hailing giant's bookings guidance missed ******* yst projections. Uber says its robotaxi push is still well underway, with investments set to grow.
Uber sees third quarter gross bookings of $58.25 billion to $60.25 billion, with a midpoint of $59.25 billion that missed the $59.32 billion ******* yst consensus, per Bloomberg. Gross bookings measure the total dollar value of rides and orders, like Uber Eats deliveries, on the platform.
Uber shares slipped more than 6% on Wednesday.
Uber CFO Balaji Krishnamurthy blamed an approximate "1 percentage-point currency headwind" that is expected to impact year-over-year growth.
For the quarter, Uber reported gross bookings of $58.0 billion versus $57.17 billion expected, up 24% year over year. Uber posted adjusted EPS of $0.81 that matched estimates, with adjusted EBITDA coming in at $2.82 billion versus $2.79 billion consensus, up 33%.
#year #gross #missed
Uber sees third quarter gross bookings of $58.25 billion to $60.25 billion, with a midpoint of $59.25 billion that missed the $59.32 billion ******* yst consensus, per Bloomberg. Gross bookings measure the total dollar value of rides and orders, like Uber Eats deliveries, on the platform.
Uber shares slipped more than 6% on Wednesday.
Uber CFO Balaji Krishnamurthy blamed an approximate "1 percentage-point currency headwind" that is expected to impact year-over-year growth.
For the quarter, Uber reported gross bookings of $58.0 billion versus $57.17 billion expected, up 24% year over year. Uber posted adjusted EPS of $0.81 that matched estimates, with adjusted EBITDA coming in at $2.82 billion versus $2.79 billion consensus, up 33%.
#year #gross #missed
3 months ago
Former Oklahoma Sooners running back Taylor Tatum spent two seasons at OU before transferring to Michigan this offseason. However, according to multiple reports, Tatum has left the Wolverines, and he's no longer on the Michigan football team.
Hailing from Longview (Texas) High School, Tatum was the No. 1 running back in the recruiting class of 2024, and a major recruiting win for the Sooners. He was a part of the running back rotation as a true freshman, but he fell out of the mix due to ball security issues and the emergence of Xavier Robinson. In 2025, Tatum battled injuries and barely played, registering just one carry.
With the Wolverines, Tatum had switched positions to defensive back and was competing for reps in the safety room at Michigan. Now, he's left the team, with the reason still unknown.
Tatum also played baseball for the Sooners and was set to do the same for the Wolverines, though it's unknown at this time if that will happen next baseball season. Oklahoma was set to face off against Tatum in Ann Arbor in Week 2, but he'll now leave the program having never suited up for Michigan.
During his time in Norman, the 5-foot-10, 212-pounder ran 57 times for 277 yards and three touchdowns, also catching five passes for 41 yards and a score. Essentially all of that production came in the 2024 season.
#Sooners #wolverines #left #team
Hailing from Longview (Texas) High School, Tatum was the No. 1 running back in the recruiting class of 2024, and a major recruiting win for the Sooners. He was a part of the running back rotation as a true freshman, but he fell out of the mix due to ball security issues and the emergence of Xavier Robinson. In 2025, Tatum battled injuries and barely played, registering just one carry.
With the Wolverines, Tatum had switched positions to defensive back and was competing for reps in the safety room at Michigan. Now, he's left the team, with the reason still unknown.
Tatum also played baseball for the Sooners and was set to do the same for the Wolverines, though it's unknown at this time if that will happen next baseball season. Oklahoma was set to face off against Tatum in Ann Arbor in Week 2, but he'll now leave the program having never suited up for Michigan.
During his time in Norman, the 5-foot-10, 212-pounder ran 57 times for 277 yards and three touchdowns, also catching five passes for 41 yards and a score. Essentially all of that production came in the 2024 season.
#Sooners #wolverines #left #team
3 months ago
Where to watch World Series of Poker main event final table: Schedule, live stream, channel for 2026 WSOP originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
It's been a summer of poker in Las Vegas, but now it's time to crown a champion. The 2026 World Series of Poker main event final table starts Monday.
This year's WSOP had a record-breaking turnout of 9,208 participants in Sin City, and the field has been slowly whittling down since July 2. Only nine elite players remain in contention for a ***** le, and each are already guaranteed a prize of at least $1 million.
These nine players, hailing from the United States, Canada, Finland, France and Cyprus, had to battle through dozens of marathon sessions in recent weeks to secure a spot at the final table. There's now just one battle left, and it will continue until an outright champion is crowned, which could take days.
Be sure to tune in for this elite championship fight.
#Event
It's been a summer of poker in Las Vegas, but now it's time to crown a champion. The 2026 World Series of Poker main event final table starts Monday.
This year's WSOP had a record-breaking turnout of 9,208 participants in Sin City, and the field has been slowly whittling down since July 2. Only nine elite players remain in contention for a ***** le, and each are already guaranteed a prize of at least $1 million.
These nine players, hailing from the United States, Canada, Finland, France and Cyprus, had to battle through dozens of marathon sessions in recent weeks to secure a spot at the final table. There's now just one battle left, and it will continue until an outright champion is crowned, which could take days.
Be sure to tune in for this elite championship fight.
#Event
3 months ago
We're at the midway point in the 2026 Little League Softball World Series.
Welcome to Day 4, where there are only eight teams left with just four days remaining in the trek for Little League **** le.
The quest for a championship continues on Wednesday, August 5 having two elimination games on the schedule, one game from each bracket, purple and orange.
The orange bracket has the first game that begins at 10 a.m. ET (7 a.m. PT). The early game features the Mid-Atlantic Region champions who represent Toms River, New Jersey, going against the Asia-Pacific Region champions, representing Sangō, **** an.
The purple bracket has the second game that starts at 1 p.m. ET (10 a.m. PT). The matchup is between the Northwest Region champions coming from Snohomish, Washington, and the Canada Region champions hailing from Repentigny, Quebec.
#region #orange
Welcome to Day 4, where there are only eight teams left with just four days remaining in the trek for Little League **** le.
The quest for a championship continues on Wednesday, August 5 having two elimination games on the schedule, one game from each bracket, purple and orange.
The orange bracket has the first game that begins at 10 a.m. ET (7 a.m. PT). The early game features the Mid-Atlantic Region champions who represent Toms River, New Jersey, going against the Asia-Pacific Region champions, representing Sangō, **** an.
The purple bracket has the second game that starts at 1 p.m. ET (10 a.m. PT). The matchup is between the Northwest Region champions coming from Snohomish, Washington, and the Canada Region champions hailing from Repentigny, Quebec.
#region #orange
3 months ago
Where to watch World Series of Poker main event final table: Schedule, live stream, channel for 2026 WSOP originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
It's been a summer of poker in Las Vegas, but now it's time to crown a champion. The 2026 World Series of Poker main event final table starts Monday.
This year's WSOP had a record-breaking turnout of 9,208 participants in Sin City, and the field has been slowly whittling down since July 2. Only nine elite players remain in contention for a **** le, and each are already guaranteed a prize of at least $1 million.
These nine players, hailing from the United States, Canada, Finland, France and Cyprus, had to battle through dozens of marathon sessions in recent weeks to secure a spot at the final table. There's now just one battle left, and it will continue until an outright champion is crowned, which could take days.
Be sure to tune in for this elite championship fight.
#Event
It's been a summer of poker in Las Vegas, but now it's time to crown a champion. The 2026 World Series of Poker main event final table starts Monday.
This year's WSOP had a record-breaking turnout of 9,208 participants in Sin City, and the field has been slowly whittling down since July 2. Only nine elite players remain in contention for a **** le, and each are already guaranteed a prize of at least $1 million.
These nine players, hailing from the United States, Canada, Finland, France and Cyprus, had to battle through dozens of marathon sessions in recent weeks to secure a spot at the final table. There's now just one battle left, and it will continue until an outright champion is crowned, which could take days.
Be sure to tune in for this elite championship fight.
#Event
3 months ago
Police in Idaho are hailing an armed citizen a hero for distracting a gunman who opened fire outside an In-and-Out in Twin Falls, helping save lives. Officials say three people were killed and seven others were injured in the shooting. NBC News' Dana Griffin reports from the scene.
#officials #griffin #hailing #armed
#officials #griffin #hailing #armed
3 months ago
Fundsmith, an investment management firm based in London, has released its second-quarter 2026 investor letter for its "Fundsmith Equity Fund." A copy of the letter can be downloaded here. The Fund returned -2.9% in the first half of 2026, underperforming the MSCI World Index by 14.1 percentage points, driven by challenges from a momentum-driven market dominated by passive index funds and AI-related exuberance. The letter discusses the rise of passive investing, noting that index funds now resemble active funds, concentrating heavily in a few sectors and stocks. Due to increased market volatility and a 51% portfolio turnover in the first half of the year, the firm plans to adopt a more active approach, incorporating momentum while maintaining its core mantra: buy good companies, don't overpay, and do little. In addition, please check the Firm's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Fundsmith Equity Fund highlighted Uber Technologies, Inc. (NYSE:UBER) as a newly added position. Uber Technologies, Inc. (NYSE:UBER) is a multinational technology company that offers ridesharing, food delivery, freight, and other services. On July 31, 2026, Uber Technologies, Inc. (NYSE:UBER) closed at $70.36 per share, reflecting a market capitalization of $143.22 billion. Uber Technologies, Inc. (NYSE:UBER) posted a one-month return of -2.84%, while its shares lost 20.43% over the past 52 weeks.
Fundsmith Equity Fund stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its Q2 2026 investor update:
"Uber Technologies, Inc. (NYSE:UBER) – Uber operates a platform that connects users with ride-hailing and food-delivery drivers. It relies on a two-sided network effect: more drivers mean shorter wait times, which attracts more riders, making the platform highly sticky and difficult for local competitors to disrupt. Now that most of these challengers (Karhoo, Sidecar, Juno, Fasten, Hailo, etc.) have disappeared and Uber has survived, the network effects become very attractive. This is shown in the company's cash from operations, which went from -$4.3bn in 2019 to -$445m in 2021 (last year of negative) to $3.6bn in 2023 and over $10bn in 2025. Uber's logistics network is massive, coordinating roughly 42m trips and delivery orders every single day globally. Future growth opportunities include expanding into grocery and package delivery and eventually integrating autonomous (self-driving) vehicles ('AVs') into their fleet to drastically lower costs. Some see AVs as a threat to Uber, but we think it is more likely that Tesla, Waymo, etc., will use Uber's distribution and global licenses to reach customers and maximise their ****** et usage rather than having to get licenses, build an app, and get tens of millions of people to download. ROIC: mid 20s, FCF yield: 7.4%."
#technologies
In its Q2 2026 investor letter, Fundsmith Equity Fund highlighted Uber Technologies, Inc. (NYSE:UBER) as a newly added position. Uber Technologies, Inc. (NYSE:UBER) is a multinational technology company that offers ridesharing, food delivery, freight, and other services. On July 31, 2026, Uber Technologies, Inc. (NYSE:UBER) closed at $70.36 per share, reflecting a market capitalization of $143.22 billion. Uber Technologies, Inc. (NYSE:UBER) posted a one-month return of -2.84%, while its shares lost 20.43% over the past 52 weeks.
Fundsmith Equity Fund stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its Q2 2026 investor update:
"Uber Technologies, Inc. (NYSE:UBER) – Uber operates a platform that connects users with ride-hailing and food-delivery drivers. It relies on a two-sided network effect: more drivers mean shorter wait times, which attracts more riders, making the platform highly sticky and difficult for local competitors to disrupt. Now that most of these challengers (Karhoo, Sidecar, Juno, Fasten, Hailo, etc.) have disappeared and Uber has survived, the network effects become very attractive. This is shown in the company's cash from operations, which went from -$4.3bn in 2019 to -$445m in 2021 (last year of negative) to $3.6bn in 2023 and over $10bn in 2025. Uber's logistics network is massive, coordinating roughly 42m trips and delivery orders every single day globally. Future growth opportunities include expanding into grocery and package delivery and eventually integrating autonomous (self-driving) vehicles ('AVs') into their fleet to drastically lower costs. Some see AVs as a threat to Uber, but we think it is more likely that Tesla, Waymo, etc., will use Uber's distribution and global licenses to reach customers and maximise their ****** et usage rather than having to get licenses, build an app, and get tens of millions of people to download. ROIC: mid 20s, FCF yield: 7.4%."
#technologies
