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Uber CEO Welcomes Tesla’s Robotaxi Entry, But Says There Will Be No Winner-Take-All: ‘Could Be A Competitor, Could Be A Partner’
Uber CEO Dara Khosrowshahi welcomed Tesla’s entry into the robotaxi market, saying it validates the trillion-dollar opportunity in autonomous driving and emphasized that the space is big enough for both competition and collaboration. read more
Trump May End Up Exposing US Consumers As ‘Paper Tigers,’ Says Economist Peter Schiff On 50% India Tariffs
Economist Peter Schiff warns Trump’s decision to double tariffs on Indian imports to 50% could lead to a dollar crash, impoverishing Americans and enriching foreign consumers. India calls it extremely unfortunate, while critics say it makes no sense to punish allies while pausing tariffs on China. read more
XRP Trades Higher On Crypto Market Rebound — Analyst Sets Price Target At $7
XRP (CRYPTO: XRP) is trading higher late Wednesday, spurred by broader cryptocurrency momentum and a strategic partnership. read more
Apple, Nvidia Supplier TSMC Surges Nearly 5% In Overnight Trade As Taipei Says Chip Giant ‘Exempt’ From Trump’s 100% Chip Tariffs
Taiwan Semiconductor Manufacturing Co. is exempt from Trump’s proposed tariffs on semiconductors, providing clarity for investors. read more
Airbnb’s CFO Warns of Slower Growth Ahead: Sees ‘Difficult Year-Over-Year Comparison’ After Booking Surge In 2024 — Stock Dips Over 6%
Vacation rental platform, Airbnb Inc. (NASDAQ: ABNB), is warning investors to brace for a deceleration in growth during the latter half of this year, as the company reels from tough year-over-year comparisons, due to its unusually strong performance in late-2024. read more
Air Force Wants Tesla Cybertrucks For Target Practice—Praises Its Durability, Says No Comporable Vehicle Exists
The U.S. Air Force is buying 2 Tesla Cybertrucks for weapons testing due to their durability. Market research found no comparable vehicles. read more
Apple’s $100 Billion Manufacturing Push Likely Won’t Raise Product Prices, Says Gene Munster — Made In USA iPhone Still Off The Table
Apple’s $100 billion U.S. manufacturing investment will focus on components, not iPhone assembly, helping preserve profit margins and avoid price hikes, according to Gene Munster. read more
Trump Eyes Putin Meeting After ‘Great Progress’ In Moscow—Zelenskyy Talks Also On The Table
President Donald Trump could meet with Russian President Vladimir Putin as early as next week to discuss Ukraine peace negotiations. read more
Trump Admins’ 401(k) Private Equity Experiment Picks Up Speed, But Retirement Advisors Worried About The Risk
Private markets may be added to 401(k)s, but concerns over risk and transparency remain. BlackRock and Empower lead the push while others caution. read more
Vlad Tenev Says Robinhood Revenue Could Become ‘Rather Large’ Amid Tokenization Push As HOOD Stock Surges 13% Over A Month
Robinhood Markets Inc. CEO Vlad Tenev shared his perspective on the potential role of cryptocurrency in the company’s future revenue in a podcast aired Tuesday, August 5. read more