In 2020, Uber shifted its focus to autonomous vehicles, partnering with companies like Waymo to offer rider access to robot taxis through the Uber app in cities like Phoenix and Austin. Despite competition from other autonomous vehicle companies, such as Tesla, Uber’s revenue and gross bookings exceeded expectations in the most recent quarter. The company’s future success hinges on its ability to navigate the rapidly evolving driverless taxi market and maintain its position as a key player in the industry.
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Walmart Shares Sink Despite Solid Sales Outlook. Should Investors Buy the Dip?
Walmart (NYSE: WMT) experienced a decline in its stock despite reporting strong revenue growth and raising its guidance, primarily due to lower-than-expected profits attributed to increased workers' compensation claims costs. The stock is currently up about 8% for the year, prompting discussions about whether this dip presents a buying opportunity. Want More Context? 🔎
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