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...Over recent years, some of Silicon Valley’s leading private companies, including grocery delivery app Instacart and autonomous ride-sharing group Cruise, attracted staff by offering “restricted stock units...
...Between 2020 and 2022, the three companies collectively lost $50bn as bookings plunged and trips were cancelled. But the industry currently has several things going in its favour....
...The Apple car joins Facebook’s phone, Microsoft’s fitness tracker and Amazon’s second headquarters as a dashed company dream that will not be missed....
...Autonomous vehicle safety has been in the spotlight since early October, when a robotaxi operated by Cruise, the General Motors driverless car division, collided with a pedestrian and then dragged the person...
...Replacing him is Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit....
...Still, investors should worry about cruise lines running out of steam. Even after a huge rally, the stock prices of cruise companies are well below pre-pandemic levels....
...Cruise lines Royal Caribbean and Carnival are two of the 10 most heavily shorted companies in the S&P 500 but have confounded short sellers’ expectations by more than doubling in value so far this year....
...And Zaslav has touted a number of projects in the works, noting that Warner has entered partnerships with Tom Cruise and George Clooney....
...General Motors scaled back plans for its self-driving Cruise unit last year following an accident while testing on public roads, while Ford pulled out of the technology altogether to focus on driver-assistance...
...Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit, will be replacing him. Instead of enjoying a boom, Hertz is in trouble again....
...The company’s stock ended the week at $22.85....
...Also the highly leveraged cruise liners Carnival and Royal Caribbean, which could face serious trouble in a recession, are both up 55 per cent in the rally....
...A version of this article was first published by Nikkei Asia on January 3. ©2023 Nikkei Inc. All rights reserved....
...Companies including Norwegian Cruise Line Holdings, aerospace and defence group TransDigm, beauty products company Coty and billboard advertising business Clear Channel Outdoor have done some of the largest...
...Weak performance by companies such as Coca-Cola, Target, Walgreens Boots, Dollar Tree and Dollar General are a big part of that story — and a trend worth watching, given that the strong consumer is such...
...But Hickey believes companies that stay engaged with the region could be rewarded....
...(Thanks, Tom Cruise.) But 2023 looms with fingertips still on the cliff edge....
...The San Francisco-based group has appointed Arnold Donald, former chief executive of cruise operator Carnival Corporation, Sachin Mehra, chief financial officer of Mastercard and Mason Morfit, chief executive...
...As cruise ships were moored in docks during the pandemic, the companies that owned them turned to the debt markets in a desperate attempt to stay afloat....
...But for many of the biggest companies in the world, driverless vehicles are still inevitable....
...Over the past 18 months, it has been snapping up stakes in gaming companies as part of a $38bn plot to conquer that industry....
...But the conditions that helped markets cruise to record highs have hit an iceberg....
...Ellison was the driving force behind the release of Top Gun: Maverick, having approached producer Tony Scott about the idea of a sequel to the 1986 Tom Cruise film 12 years ago....
...Its autopilot system, which is used for parking and cruise control and may one day enable fully autonomous driving, boasts eight cameras, 12 ultrasonic sensors and radar powered by an onboard computer with...
...AutoX is much smaller than rivals such as Waymo and Cruise. The company boasts a fleet of 1,000 cars, most of these are in China....
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