Wall Street Breakfast Aurora partners with Continental and Nvidia
4 snips
Jan 7, 2025 Aurora's groundbreaking partnership with Nvidia for driverless trucks is turning heads, sparking a 50% surge in their stock. The labor market shows intriguing trends, with job openings up despite lower hiring rates. In corporate news, Meta has decided to end third-party fact-checking amid scrutiny. Tesla faces a downgrade, while Getty Images and Shutterstock are set to merge, reshaping the media landscape. Wells Fargo identifies 31 companies with high growth potential, hinting at exciting investment opportunities.
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Driverless Truck Partnership
- Aurora partners with Continental and NVIDIA to deploy driverless trucks.
- The collaboration aims to launch driverless trucks by 2027, utilizing NVIDIA's advanced technology.
Mixed Economic Signals
- November's JOLTS report reveals a mixed economic picture with rising job openings but falling quit and hiring rates.
- Despite decreased hiring and separations, the labor market remains robust, challenging the likelihood of Fed rate cuts.
Meta's Fact-Checking Shift
- Meta is discontinuing its third-party fact-checking program, adopting a community-based approach similar to X (formerly Twitter).
- This shift aligns with Zuckerberg's aim to foster a more accommodating environment for the incoming administration.