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Wall Street Breakfast Podcast: Gold Soars Past $4,400
Seeking Alpha· 2025-12-22 11:47
Gold and Silver Market - Gold has surpassed $4,400 per ounce for the first time, currently priced at $4,412, marking a 1.6% increase and on track for its best annual performance in over 40 years [2][3] - Silver prices have also surged, with spot prices rising 3.3% to a record $69.44, indicating both metals are set for their strongest yearly performance since 1979 [3] - Traders are anticipating two interest rate cuts by the Federal Reserve in 2026, influenced by recent economic data and advocacy for looser monetary policy from President Trump [3] Geopolitical Factors - Rising geopolitical tensions have enhanced the safe-haven appeal of gold and silver, particularly due to the U.S. tightening its oil blockade on Venezuela and Ukraine's recent attack on a Russian oil tanker [4] Gold-Backed ETFs - Gold-backed ETFs have experienced inflows for five consecutive weeks, with total holdings increasing every month this year except May, according to Bloomberg and World Gold Council data [5]
Uber, Lyft to test Baidu robotaxis in UK from next year
Reuters· 2025-12-22 10:00
Core Insights - Uber Technologies and Lyft are collaborating with Baidu to pilot driverless taxis in the UK next year, indicating a significant advancement in the global competition to commercialize robotaxis [1] Company Developments - The partnership between Uber, Lyft, and Baidu represents a strategic move to enhance their presence in the autonomous vehicle market [1] - This initiative is part of a broader trend among tech companies to explore and implement driverless technology in urban transportation [1] Industry Trends - The collaboration highlights the increasing interest and investment in the robotaxi sector, as companies aim to capitalize on the growing demand for autonomous transportation solutions [1] - The pilot program in the UK is expected to contribute to the development and refinement of driverless technology, potentially influencing regulatory frameworks and public acceptance [1]
Uber, Lyft set to trial robotaxis in the UK in partnership with China's Baidu
CNBC· 2025-12-22 06:55
Group 1 - Baidu plans to introduce robotaxis in London through partnerships with Lyft and Uber, marking a significant step in the UK's autonomous vehicle landscape [1][3] - Lyft will begin testing Baidu's fleet of dozens of vehicles in 2026, with plans to scale to hundreds, while Uber's pilot is expected to start in the first half of 2026 [2] - Baidu's global operations now include 22 cities and over 250,000 weekly trips, competing with other Chinese companies like WeRide and Western firms such as Waymo [3][5] Group 2 - The UK government aims to permit robotaxis for small-scale pilots starting in spring 2026, with Baidu likely to be among the first participants [4] - London has set a "Vision Zero" goal to eliminate serious injuries and deaths in its transportation systems by 2041, with autonomous driving technology expected to contribute significantly [4] - Waymo is also planning to test in London, with a full service launch anticipated in 2026, while Baidu is expanding its testing in international markets like the UAE and Switzerland [5]
Waymo shut down service during San Francisco's blackout because its driverless taxis got confused
Business Insider· 2025-12-21 20:47
Core Insights - A power outage in San Francisco caused significant disruptions, halting Waymo's self-driving cars and leading to traffic congestion [1][2] - Waymo has temporarily suspended its services in the affected area due to the outage [2] - The outage impacted approximately 130,000 Pacific Gas & Electric customers, with a fire causing extensive damage to a substation [4] Company Operations - Waymo is working closely with city officials to restore services and has expressed hope for a quick resolution [3] - The company has faced challenges in the past, including a software recall for over 1,200 cars and incidents involving collisions with objects [6] Competitive Landscape - Tesla and Waymo are direct competitors in the autonomous ride-hailing market, utilizing different technologies for navigation [5] - Tesla's robotaxis rely on cameras and AI, while Waymo employs a combination of light sensors, radar, cameras, and detailed maps [5] - Elon Musk highlighted that Tesla's robotaxis were unaffected by the power outage, positioning Tesla favorably in the competitive landscape [4]
Waymo pauses robotaxi service in San Francisco after blackout chaos — Musk says Tesla car service unaffected
CNBC· 2025-12-21 18:42
Core Points - A significant power outage affected approximately 130,000 residents in San Francisco, leading to the suspension of Waymo's ride-hailing services in the area [2][4][5] - The outage was caused by a fire at a substation, resulting in extensive damage and leaving around 21,000 customers without power as of Sunday morning [4][5] - Tesla's CEO noted that Tesla's Robotaxis were unaffected by the power outage, although Tesla does not currently operate a driverless service in San Francisco [6][8] Company Impact - Waymo has temporarily halted its driverless ride-hail service due to the blackout, with no specified timeline for resuming operations [2][8] - Videos on social media showed multiple Waymo vehicles stalled in traffic during the outage, indicating operational challenges [3][8] - Tesla is positioning itself to compete in the robotaxi market but currently requires human drivers for its ride-hailing service, as it lacks permits for driverless operations in California [7][8] Industry Context - The incident highlights the vulnerabilities of autonomous vehicle services during infrastructure failures, with Waymo being a leading player in the West and Tesla as a key competitor [8] - Regulatory challenges remain for Tesla, as it has not obtained necessary permits for fully driverless services in California [7][8]
Waymo suspends service in San Francisco as robotaxis stall during blackout
TechCrunch· 2025-12-21 15:46
Core Viewpoint - Waymo has temporarily suspended its robotaxi service in San Francisco due to a significant power outage that left many of its vehicles stalled on city streets [1][2][3]. Group 1: Service Suspension - The suspension of ride-hailing services was confirmed by Waymo spokesperson Suzanne Philion, who stated that the company is working closely with city officials to monitor infrastructure stability and aims to restore services soon [2][3]. - The blackout affected the operation of Waymo's vehicles, which were reportedly stalled at various locations, causing traffic disruptions [1][3]. Group 2: Cause of Blackout - The blackout was attributed to a fire at a Pacific Gas & Electric (PG&E) substation, impacting around 120,000 customers, with 35,000 still without power as of Sunday morning [4]. - The outage also affected traffic lights and public transit, prompting warnings from San Francisco Mayor Daniel Lurie for residents to avoid unnecessary travel [3][4]. Group 3: Operational Impact - Waymo's robotaxi service had been experiencing significant growth, providing approximately 450,000 rides per week, nearly double the amount reported earlier in the year [6].
San Francisco power outage: Thousands without electricity, Waymo self-driving services halted — what's the issue?
MINT· 2025-12-21 14:25
The city of San Francisco plunged into darkness on the intervening night of Saturday and Sunday, with nearly a third of the city being affected by a power outage.As the outage hit, more than 130,000 houses and businesses were left without power, mostly in the northwest part of San Francisco, while transportation in the city, including self-driving cars, grinded to a halt.Some parts of the city, such as Richmond, Sunset, Presidio, and Golden Gate Park, were among the worst hit.As of early Sunday morning, nea ...
Should You Buy UBER Stock Following Its AV Expansion in the UAE?
ZACKS· 2025-12-19 16:16
Core Insights - Uber Technologies has launched robotaxi passenger rides in Dubai in partnership with WeRide, marking a significant step in the autonomous vehicle market in the Middle East [1][4] - The robotaxi service is available through the Uber app in popular tourist areas, following a successful pilot program [2][3] - Uber's strategy focuses on partnerships to minimize R&D costs while expanding its autonomous vehicle capabilities [5] Business Performance - Uber's gross bookings grew by 21% year over year to $48.7 billion in the third quarter of 2025, driven by strong performance in both Mobility and Delivery segments [9][10] - The Mobility segment saw a revenue increase of 20% year over year, reaching $7.68 billion, while gross bookings rose 19% to $25.1 billion [7][8] - The Delivery segment also performed well, with revenues growing 27% year over year and gross bookings increasing 24% to $23.3 billion [9] Market Position and Strategy - The launches in Dubai and Abu Dhabi enhance Uber's position as a leader in the global autonomous transportation market [4][10] - Uber's partnership-driven approach allows it to leverage technology from other leaders in the AV space, avoiding heavy in-house development costs [5] - The global autonomous vehicle market is projected to grow from approximately $106 billion in 2021 to over $2.3 trillion by 2030, indicating significant growth potential for Uber [5] Expansion Efforts - Uber is diversifying its services beyond ridesharing, including food delivery and freight, to mitigate risks and enhance growth [10][11] - Recent partnerships, such as with ALDI, expand Uber Eats offerings, allowing grocery deliveries from over 2,500 stores [12] Valuation - Uber's stock is currently undervalued, trading at a price-to-sales multiple of 2.76, significantly lower than the industry average of 7.22 [13]
Guident(GDNT) - Prospectus(update)
2025-12-18 22:28
As filed with the U.S. Securities and Exchange Commission on December 18, 2025. Registration Number 333-290340 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 5 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Guident Corp. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or organization) Florida 3714 84-5172003 (I.R.S. Employer Identification No.) Guident Corp. 4910 Communication Ave, Suite 150 Boca ...
Pony AI (PONY) Climbs 7% as Macquarie Issues ‘Outperform’ Rating
Yahoo Finance· 2025-12-17 17:00
Core Viewpoint - Pony AI Inc. (NASDAQ:PONY) is experiencing positive momentum following a bullish rating from Macquarie, which highlights its leadership in the robotaxi sector and ambitious expansion plans [1][2]. Group 1: Stock Performance - Pony AI's stock rose by 7.28% to close at $14.59 after two days of losses, driven by investor optimism from Macquarie's rating [1]. - The investment firm has issued an "outperform" rating, indicating strong confidence in Pony AI's future performance [2]. Group 2: Business Strategy - Pony AI announced an "asset-light" strategy aimed at achieving profitability by 2030, which involves collaborating with third-party companies for fleet deployment [3]. - The company plans to sell its driverless cars to operators and license its autonomous driving technology, rather than owning and operating the fleet itself [4]. Group 3: Growth Projections - Macquarie expects Pony AI's fleet to triple in size next year, which will be supported by a projected 20% decline in hardware costs, enhancing profitability [2].