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Business News: GM-backed Cruise seeks final approval to commercialize robotaxis in San Francisco

GM-backed Cruise seeks final approval to commercialize robotaxis in San Francisco : Rashtra News Cruise Origin driverless shuttleCruiseGeneral Motors-backed Cruise is seeking final approval from California to begin commercializing its robotaxi fleet in San Francisco.The self-driving car start-up said Friday it submitted a permit for an autonomous vehicle deployment with the California Public Utilities Commission.

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Rimac plans move into robotaxis

Rimac plans to reveal its robotaxi as soon as this year.

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Futuristic robotaxi could be coming soon, claims Cruise

Robotaxi company Cruise claims it's days away from getting regulatory approval for mass production of its purpose-built driverless vehicle.

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San Francisco residents have been having SEX in driverless taxis, report reveals as city lifts rules banning them from operating in the daytime

San Francisco residents have been having SEX in driverless taxis, report reveals as city lifts rules banning them from operating in the daytime
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Ford-Backed Robotaxi Startup Argo AI Is Ditching Its Human Safety Drivers in Miami and Austin

Argo’s driverless taxis won’t be carrying paying passengers yet, but they will be on city streets during business hours.

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12Apr2021 Pre-Market Commentary: Wall Street Futures Slip After Large Caps Hit Fresh Records, DOW Down 47 Points, Nasdaq Down -0.3%, WTI Crude Above 60, Bitcoin Higher At 60300


Cryptos reach new record high ahead of Coinbase listing (SPY -0.1%). Global stocks hover at all time high as Q1 earnings begin as Powell says U.S. economy at inflection point.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
The $7 Trillion Reason Saudi Arabia Is Cutting Oil Production
Strict production discipline by OPEC and its partners is the #1 reason why oil prices have managed to stage a remarkable recovery and stay relatively high after plunging to historical lows in 2020. Early this month, oil prices reacted positively after OPEC and its non-OPEC partners, aka OPEC+, reached a favorable agreement to start gradually curbing production cuts beginning in May. Starting next month, OPEC+ will allow an additional 350,000 barrels per day to join the markets, with another 350,000 coming in June and June and 450,000 barrels per

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12Apr2021 Midday Update: DOW Edges Lower Down 34 Points At 1 ET, Nasdaq Down -0.3%, WTI Crude Slips 59.74, Silver Slips 24.84, Bitcoin At 60000

Written by GaryOil prices rise on expectations of a strong economic recovery (SPY +0.1%). Biggest midday movers: Tesla, Nuance Communications, Uber. Amazon launches new food brand, Aplenty.

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