cnbc_topnews

Uber and Waymo to end exclusivity arrangement in Atlanta and Austin

📰 source: cnbc_topnews · 💼 business

waymo will end its exclusive arrangement with uber in atlanta and austin, allowing the waymo app to launch there in january 2028 alongside its existing uber deployment. uber said hundreds of waymo robotaxis will remain available on its app through at least may 2028 under their current contract. the change allows uber to bring other autonomous vehicles onto its platform in both cities. the financial times reported internal tensions between the companies, including conflicting policy proposals. uber shares fell more than 4% on the news. waymo has already struck a non-exclusive deal with lyft in nashville and operates in nine other u.s. markets. independently, uber is investing in av technology from startups like waabi, wayve, and nuro, as well as rivian. tesla and amazon's zoox also offer standalone robotaxi apps.

why it matters: waymo's exit from uber exclusivity signals growing competition in autonomous ride-hailing and opens the door for other av operators.

source: cnbc_topnews
sentiment: +0.00 · impact: 0.30

Surprise fall in US jobs last month as slow summer continues

📰 source: bbc_business · 💼 business us jobs fell by 23,000 last month, against forecasts for an 80,000 gain, with the bureau of labor statistics also revising down may and june payrolls by a combined 103,000. the unemployment rate still dipped to 4.1% from 4.2%, as labor

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

📰 source: cnbc_topnews · 💼 business homes sold for less than their asking price in 38 of the 50 largest u.s. housing markets in june, per redfin. the biggest discounts hit florida and texas: miami and west palm beach averaged nearly 5% below asking, while houston, austin, tampa, dallas, san antonio,

China is gaining ground in AI. But the U.S. still has a major advantage

📰 source: cnbc_topnews · 💼 business hugging face ceo clément delangue told cnbc china is clearly dominating on open models and could start dominating at the frontier by end of this year or next. chinese models are closing the gap with u.s. frontier systems despite limited access to cutting-edge compute. beijing-based

US strikes $1.2bn deal to pay German firm to halt offshore wind projects

📰 source: bbc_business · 💼 business rwe will abandon its offshore wind projects in the us after accepting a $1.2bn payout from the department of the interior. the german energy firm said it will reinvest the money into gas projects, including $900m for an lng export terminal in louisiana. rwe will

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Surprise fall in US jobs last month as slow summer continues

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

China is gaining ground in AI. But the U.S. still has a major advantage

US strikes $1.2bn deal to pay German firm to halt offshore wind projects