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Uber ex-CEO Kalanick rebrands latest venture Atoms, expands into mining and transport
CNBC· 2026-03-13 22:04
Core Viewpoint - Travis Kalanick has rebranded his venture from City Storage Systems to Atoms, expanding its focus from food delivery to include mining and transportation sectors [1][2]. Company Overview - City Storage Systems, the parent company of CloudKitchens, achieved a valuation of approximately $15 billion by 2022 under Kalanick's leadership [2]. - Atoms has been operating in stealth mode for eight years and employs thousands of individuals [2]. Business Expansion - The company is now diversifying its portfolio to include three main areas: Atoms Food, Atoms Mining, and Atoms Transport, with a focus on enhancing food infrastructure, improving mining productivity, and developing a "Wheelbase for robots" [4]. - Kalanick's vision for Atoms includes the creation of specialized robots that contribute positively to society and their owners [3]. Future Developments - Reports indicate that Kalanick is preparing to launch a new robotics and self-driving car company with support from Uber [3].
Will Santa Come To Wall Street This Year?
Seeking Alpha· 2025-12-24 12:15
Group 1: Market Trends and Indicators - The S&P 500 has recorded its 38th record close of 2025, indicating a potential "Santa Claus Rally" as equities typically rise during the last five trading sessions of December and the first two trading days of January [6] - Historical data suggests that when the "Santa Claus Rally," "First Five Days," and "January Barometer" indicators all show positive returns, there is over a 90% chance the market will be up that year, with an average gain of 17.7% for the S&P 500 [8] Group 2: Commodity Performance - Gold has reached an all-time record above $4,500, marking its best annual rally since 1979, while silver has surged to historic highs above $70 an ounce, driven by falling interest rates, aggressive central bank buying, and geopolitical tensions [9] - Copper has also breached $12,000 for the first time, indicating strong performance in industrial metals [9] Group 3: Corporate Developments - Waymo, the self-driving car startup owned by Alphabet, is planning to update its software following a power outage in San Francisco [5] - BP is selling a 65% stake in Castrol to Stonepeak as part of its divestment strategy, with the deal valuing Castrol at approximately $10 billion [5]
Waymo Suspended Service in San Francisco After Its Cars Stalled During Power Outage
Nytimes· 2025-12-22 16:47
Group 1 - The self-driving cars experienced disruptions at intersections due to a power outage affecting traffic signals, leading to traffic tie-ups but no reported accidents or injuries [1]