Cruise

A positive week is coming to a close for the stock market ahead of Monday’s the Juneteenth holiday, with the S&P 500 Index up about 3% on the week, marking its fifth consecutive week in the green and its best weekly performance since the end of March. The week was defined by the Federal...

A woman says she sold almost all of her belongings — including her apartment — to join a cruise whose future is now in jeopardy.  In March, Life at Sea Cruises announced the launch of the world's first — and only — three-year world cruise. The...

On Tuesday morning, five self-driving Waymo vehicles reportedly pulled over in San Francisco’s Balboa Terrace due to dense fog, causing a disruption in traffic.  What Happened: Waymo caused a traffic jam for several minutes before moving out when the fog started to clear,...

Apple Inc (NASDAQ:AAPL) has reportedly ramped up the hiring of drivers registered for testing autonomous driving features on public roads in California. What Happened: According to the California DMV, Apple has increased the number of drivers for testing its autonomous vehicles to 201 while...

General Motors Co’s (NYSE: GM) robotaxi venture Cruise said on Thursday it had secured a commercial permit to charge a fare for driverless rides, much ahead of rivals such as Tesla Inc (NASDAQ: TSLA) and Alphabet Inc’s (NASDAQ: GOOG) (NASDAQ:...

General Motors Co (NYSE: GM) CFO Paul Jacobson said on Tuesday the company will spend about $2 billion on its self-driving taxi fleet Cruise this year. What Happened: The legacy automaker said it is just a permit away from being able to begin charging for rides....

General Motors Co (NYSE: GM)-owned, self-driving taxi service Cruise’s unusual pit stop on a San Francisco street last week left onlookers in splits.  What Happened: A driverless Cruise-converted Chevy Bolt was pulled over by San Francisco traffic police officers.  The ...

Autonomous driving startup Pony.ai, backed by Nio Inc (NYSE: NIO) and Toyota Motor Corp (NYSE: TM), said on Monday that it fetched a valuation of $8.5 billion following the first close of a Series D financing round. What Happened: Pony.ai said...

After a horrendous year in 2020, cruise stock investors haven’t gotten the rebound they were hoping for in 2021. Unfortunately, Bank of America analyst Andrew Didora said 2022 is now looking like an increasingly difficult environment for Carnival Corp (NYSE: CCL), Royal Caribbean Cruises Ltd...

Although Royal Caribbean Cruises Ltd (NYSE: RCL) third-quarter results missed the consensus-estimated, the early phase of the cruise recovery has been as expected, according to BofA Securities. The Royal Caribbean Analyst: Andrew Didora maintained an Underperform rating for Royal Caribbean...

Although Carnival Corp (NYSE: CCL) made progress on resuming cruise operations in the third quarter, the recovery already seems largely priced in, according to BofA Securities. The Carnival Analyst: Geoffrey d'Halluin reiterated a Neutral rating for Carnival, while reducing the price target...

On Friday morning, Royal Caribbean Cruises (NYSE: RCL) announced six passengers on board the Royal Caribbean International’s Adventures of the Seas tested positive for COVID-19. Four of the passengers were vaccinated, while the other two were not. All are in quarantine. Passengers over the...

Cruise is planning to test Chevrolet Bolt EVs, which are equipped with driverless technology. What Happened: Autonomous vehicle company Cruise has received a permit to carry passengers in its self-driving vehicles in California. In a statement, the California Public Utilities Fee (CPUC)...

Alphabet Inc’s (NASDAQ: GOOGL) (NASDAQ: GOOG) self-driving subsidiary Waymo and General Motors Co (NYSE: GM)-backed Cruise have applied for commercial permits in San Francisco, according to a Reuters report that cited state documents. What Happened: The self-driving technology companies...

A company hoping to disrupt the massive semitruck market announced a SPAC deal Monday, with plans to launch autonomous trucks in 2021. The SPAC Deal: Plus, formerly known as Plus.ai, announced a SPAC deal with Hennessy Capital Investment Corp V (NASDAQ: HCIC). The deal values the company at an...