Wall Street Breakfast Pony AI and Uber team up
May 6, 2025
A new partnership between Pony AI and Uber promises to launch an autonomous vehicle service in the Middle East. The widening U.S. trade deficit raises concerns about economic growth, with a focus on the implications of tariffs. Meanwhile, Wall Street analysts show strong support for Palantir, while BofA becomes optimistic about the energy sector. To top it off, OpenAI is set to acquire the coding tool Windsurf, indicating a strategic move in tech innovation.
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Pony AI-Uber Robotaxi Partnership
- Pony AI partners with Uber to launch robotaxi service in the Middle East this year.
- Uber plans to scale autonomous vehicle deployments to more international markets soon.
Fed Rate Cut Timing Insight
- The Federal Reserve likely won’t cut rates this week, delaying action until after July 8th.
- A strong labor market gives the Fed room to delay rate cuts until late summer or fall.
March Trade Deficit Dynamics
- U.S. trade deficit widened in March due to surging imports outpacing exports.
- Tariffs caused firms to stockpile supplies, but net exports are poised to reverse sharply soon.