Uber's Latest Struggles, and Avis Launches a New Fleet
A lawyer for Uber says an ex-employee was "extorting" the company by alleging it stole trade secrets. But a judge suggests the rationale doesn't justify why the information was withheld in a trial brought by Google's Waymo about the theft of classified information.
And car rental service Avis launches a fully-connected fleet in Kansas City. The company's 5,000 vehicles will be able to communicate with city controllers and possibly improve the experience for tourists.
Plus Alexa is coming to the office! Amazon launching an enterprise version of its popular digital assistant, which will allow employees to schedule meetings and book conference rooms.
And shares of Sears jumped after the legacy retailer reported a smaller loss than last year. But the stock is still only about where it was at the start of the month.
‘Taco’ chance on the markets’ volatility, this is nacho average opportunity! Plus: Southwest, Boeing, Disney, Nvidia, Stellantis, McDonalds, Warner Brother
The Court of Appeals for the Federal Circuit on Thursday allowed the president to temporarily continue collecting the tariffs under the emergency powers law while he appeals the trade court’s decision.
Macy’s sales and profit slipped in its first quarter and the department store, citing more cautious customers and the impact that a trade war launched by the U.S., trimmed its profit forecast for 2025.
