Tag Archives: ride

(Bloomberg) — It began with a group of scientists and a wild idea: That the byproduct remaining after making oat bran could be turned into non-dairy milk. That idea became the foundation of Oatly Group AB, the Swedish oat milk company that debuted Thursday in New York after raising $1.4 billion in an initial public offering. The share sale cements the fortunes of one of the scientists, Rickard Oste, and his brother Bjorn Oste, who co-founded the Malmo-based company. The American depositary… Source link

Bloomberg China Tech Giants Bet $19 Billion on Global Electric Car Frenzy (Bloomberg) — China is shaping up to be the first real test of Big Tech’s ambitions in the world of carmaking, with giants from Huawei Technologies Co. to Baidu Inc. plowing almost $19 billion into electric and self-driving vehicle ventures widely seen as the future of transport.While Apple Inc. has long had plans for its own car and Alphabet Inc. has Waymo, its autonomous driving unit, the size — and speed — of the… Source link

Bloomberg Hertz to Sell to Knighthead, Certares to Exit Bankruptcy (Bloomberg) — Hertz Global Holdings Inc. received a bid from Knighthead Capital Management and Certares Management to purchase the rental-car company out of bankruptcy for as much as $4.2 billion, according to court documents.Under the plan, Knighthead and Certares would take control of Hertz when it emerges from its Chapter 11 reorganization, with the final value of the deal dependent on how much existing lenders participate… Source link

Google is expected to post a strong fourth quarter as analysts say online holiday spending likely drove an acceleration in digital advertising purchases from the search giant. The internet titan’s fourth-quarter earnings due Tuesday afternoon should reflect a continuing recovery in global ad spending that took a hit in early 2020 when people paused travel plans and other purchases in response to the coronavirus pandemic. Analysts forecast… Source link

(Bloomberg) — India’s day traders are strapping in for the GameStop Corp. ride that’s taken equity markets by storm. The videogame retailer was among the five most-traded names over the past week on Stockal, a platform for Indian retail investors to trade U.S. equities. GameStop accounted for about 15% of all trades on the platform, co-founder and co-chief executive officer Sitashwa Srivastava said in an interview. “We were not expecting Indians would be on Reddit, reading about… Source link

TipRanks Goldman Sachs Says These 3 Stocks Could Surge Over 30% From Current Levels After a true annus horribilus, we’re all ready for better times. The US equity strategy team at Goldman Sachs, led by David Kostin, sees those better time ahead, and in the near-term. The team is predicting a 25% gain for the S&P 500 within the next 24 months – or to put it in absolute numbers, they believe the index will hit 4,600 by December 2022. Kostin lays out four clear reasons for believing that… Source link

While most travel companies focus on making it through the rest of this year, Sabre still has its gaze fixed further ahead. Or more specifically, the year 2025. The Southlake, Texas-based technology company has long debated its vision of personalized retailing by that point, and coronavirus hasn’t dented its appetite. Speaking during Sabre’s third-quarter results earnings call, executives discussed how a partnership with Google would dramatically lower costs. Join Us For Our Skift Aviation… Source link

The Google Maps Platform, the developer side of Google Maps, is launching a new service for on-demand rides and delivery companies today that ties together some of the platform’s existing capabilities with new features for finding nearby drivers and sharing trip and order progress information with customers. This isn’t Google Maps Platform’s first foray into this business. Back in 2018, the company launched a solution for in-app navigation for ridesharing companies, for example…. Source link