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California will permit Cruise to offer rides in driverless take a look at automobiles
Cruise Origin driverless shuttle Cruise Cruise, the autonomous vehicle company that’s majority owned by General Motors, may soon be giving rides in driverless test vehicles to passengers in California. The California Public Utilities Commission (CPUC) said on Friday that Cruise is authorized to give passengers rides in prototype robotaxis. In a public statement, the CPUC…
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Biden rejects new GOP infrastructure supply
United States President Joe Biden gestures at Senator Shelley Capito (R-WV) during an infrastructure meeting with Republican Senators at the White House in Washington May 13, 2021. Kevin Lamarque | Reuters President Joe Biden turned down a new Republican infrastructure counteroffer Friday but will continue talks with Republicans next week as the White House debates…
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Why Intel and TSMC are constructing water-dependent chip factories in Arizona
Electric vehicle is driven through the Arizona desert The largest semiconductor manufacturers in the world are quickly trying to build new factories as the global chip crisis continues to have devastating effects on a multitude of industries. US semiconductor giant Intel announced in March that it would spend $ 20 billion on two new chip…
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Lululemon (LULU) studies Q1 2021 earnings
Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Lululemon Athletica said Thursday fiscal first-quarter revenue soared 88%, topping analysts’ estimates, as shopper traffic steadily rebounded to its stores. The athletic apparel maker also issued a strong forecast…
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U.S. Treasury yields blended forward of financial knowledge
U.S. bonds yields were mixed on Thursday morning as investors looked ahead to a upcoming economic data this week. The yield on the benchmark 10-year Treasury note rose 10 points to 1.5926% by around 2 a.m. ET. The yield on the 30-year Treasury bond dipped 11 basis points to 2.2774%. Yields move inversely to prices. Investors are monitoring inflation…
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Microsoft presents new Home windows model on June 24th
Satya Nadella in New Delhi, India. Ramesh Pathania | Mint | Getty Images Microsoft said Wednesday that it will introduce “the next generation of Windows” on June 24th. The move comes a week after CEO Satya Nadella announced major improvements to the PC operating system for developers and developers. Windows, the dominant operating system for…
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Amazon Prime Day is June 21 and June 22
An Amazon fulfillment center in Frankenthal, Germany. Thorsten Wagner | Bloomberg | Getty Images Amazon is bringing its Prime Day megasale back to its normal summertime schedule after the company last year postponed the annual event due to the coronavirus pandemic. The company announced Wednesday that this year’s Prime Day will take place on June…
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Shares reduce income as expertise and well being lag, Dow rises 50 factors
US stocks trimmed early gains to trade the flatline on Tuesday as optimism about the economic reopening met ongoing fears of inflation and price pressures. The Dow added a modest 60 points, or 0.2%, after gaining up to 300 points after the opening bell in New York. The S&P 500 was unchanged as weakness in…
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China’s Beidou features market share and challenges US GPS
China will become a major player in the “very lucrative” satellite navigation market as it competes with the US government’s Global Positioning System (GPS), an analyst said on Monday. But China’s indigenous Beidou system is unlikely to overtake the GPS system for the time being, said Craig Singleton, an associate fellow with the Hawkish Foundation…
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Netanyahu’s opponents Naftali Bennett, Yair Lapid shut in
In the past 24 hours, Israel has inched closer to what could be the removal of its longest-serving prime minister. Naftali Bennett of the right-wing Yamina party announced late Sunday his intention to team up with the centrist Yair Lapid, leader of the Yesh Atid party, to form what aims to be a unity coalition.…
