Business

Hertz, Uber team up to build robotaxi fleets in major mobility push

Hertz is expanding beyond its traditional car rental business through a new partnership with Uber aimed at powering both autonomous robotaxi fleets and driver-led rideshare operations, signaling a broader shift in the transportation industry. Under the agreement, Hertz’s newly launched unit, Oro Mobility, will manage vehicle operations for Uber, including…

Elon Musk says he was a ‘fool’ for funding OpenAI: report

Elon Musk reportedly said he felt like a “fool” for backing Sam Altman’s OpenAI. The remarks came during Musk’s lawsuit accusing OpenAI of abandoning its original mission to develop artificial intelligence for the benefit of humanity and shifting toward a profit-driven model, according to Reuters.Jurors on Wednesday were shown a…

Apple chief Tim Cook says it was the ‘right time’ to step down as CEO

Apple CEO Tim Cook says he is stepping down after 15 years as chief executive because three key factors aligned: Apple’s current performance, its product roadmap and the readiness of his successor, John Ternus. Cook said the timing came down to a clear internal assessment of the company’s position and…

Fidelity, Vanguard reportedly pause SPLC grants after federal fraud charges

Fidelity and Vanguard’s charitable arms have reportedly paused grants to the Southern Poverty Law Center (SPLC) through their donor-advised funds after the group was indicted on federal charges. The Justice Department last week charged the civil rights nonprofit with financial crimes, including wire fraud and money laundering. In the wake…

Mortgage rates tick higher as geopolitical tensions mount

Mortgage rates ticked slightly higher this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 6.3%, up from 6.23% last week. The average rate on a 30-year loan was 6.76% at this…

LARRY KUDLOW: Never bet against the Trumpian America First economy

If any of the Iranian thugs from the Islamic Revolutionary Guard Corps think a minor bump up in gas prices is gonna kill the American economy, and force President Trump to withdraw our military and make some watered-down Obama-Biden deal, those thugs had better think twice. Not only is Mr.…