U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 100 points on Thursday.The Dow traded up 0.82% to 43,335.29 while the NASDAQ gained 0.69% to 20,110.81. The S&P 500 also rose, gaining, 0.66% to 6,132.29.Check This Out: AMD, Taiwan Semiconductor And A Financial Stock On CNBC’s ‘Final Trades’Leading and Lagging SectorsMaterials shares jumped by 0.9% on Thursday.In trading on Thursday, real estate stocks fell by 1%.Top HeadlineWalgreens Boots Alliance Inc WBA on Thursday ...

Core Viewpoint - Cyngn Inc. has announced a registered direct offering of approximately $15.0 million in shares of Common Stock and pre-funded warrants at a price of $5.01 per share, aimed at raising capital for general corporate purposes and working capital [1][3]. Group 1: Offering Details - The offering includes the sale of 2,994,012 shares of Common Stock or Pre-Funded Warrants, with the public offering price set at $5.01 per share [2]. - The Pre-Funded Warrants are immediately exercisable and can be exercised at any time until fully exercised, with a minimal exercise price of $0.00001 [2]. - The transaction is expected to close on or about June 27, 2025, pending customary closing conditions [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for general corporate purposes and working capital [3]. Group 3: Company Background - Cyngn develops and deploys autonomous vehicle technology tailored for industrial organizations, addressing challenges such as labor shortages and safety incidents [8]. - The company's DriveMod technology allows customers to integrate self-driving technology into their operations without significant upfront costs or infrastructure changes [9]. - DriveMod products include the Tugger, which can haul up to 12,000 lbs, and the Forklift, designed for non-standard pallets, with a typical payback period of less than 2 years [10].

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About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Shares of ride-hailing giant Uber (UBER 7.06%) traded roughly 7.6% higher as of 11:19 a.m. ET today. The company announced a partnership with Alphabet's Waymo in Atlanta that will allow people to order Waymo rides exclusively through Uber's app.Autonomous driving is hereThe partnership comes in the same week that Tesla launched its robotaxi service in Austin, Texas, an event the market also met with enthusiasm. Atlanta is now the second market Uber and Waymo have partnered in. The two companies also forged ...

Shares of Tesla soaring 10% today after the company launched its robo taxi service in Austin over the weekend. Our dear DBosa digs into what it means for this increasingly competitive race in autonomous. Hey Dean. Hey.Good morning Carl. So Tesla robo taxis are finally live, but in reality they're still in demo mode. They only operate during the day in good weather in limited areas with a human driver. Not a human driver, a human monitor riding up front in the passenger seat.Now, that hasn't stopped the stoc ...

Whimo has just surpassed 10 million fully driverless rides. That doubles its lifetime total in just the last 5 months. We drive in a week more than a human drives in a lifetime.You can say that as a company that runs fleets, but we're the only company where it's one driver. That's not the way the world is organized right now. FedEx has a lot of drivers. All of you who have Teslas have a lot of drivers. Like, everyone has a lot of drivers.And all of those drivers have different capabilities. This is one driv ...

Self-driving cars are slowly becoming less sci-fi and more real-world as companies like Waymo, the driverless arm of Google's parent Alphabet, expand into more cities. This week, the robotaxi service stretched into more parts of the San Francisco Bay Area and Los Angeles. And starting next month, Waymo will start testing its autonomous tech in New York City. Now, Bay Area riders can hail a fully autonomous Waymo ride in Brisbane, South San Francisco, San Bruno, Millbrae and Burlingame via the Waymo One app, ...

Waymo has applied for a permit to test its autonomous vehicles in New York City with a human driver behind the wheel.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.This is one step the company has taken in its pla ...

Waymo said Wednesday it has applied for a permit to test its autonomous vehicles in New York City, the Alphabet company’s first step in a sticky regulatory process to bring its robotaxis to U.S.’s largest city.Waymo applied for a permit with the New York City Department of Transportation to operate its self-driving Jaguar I-Pace vehicles with a human safety operator behind the wheel in Manhattan. New York’s autonomous vehicle demonstration or testing permit requires a human driver to be able to take over; a ...