Monday, May 4, 2020

Intel buys Moovit transit app for $900 million to help develop robotaxis

Intel buys Moovit transit app for $900 million to help develop robotaxis Chipmaker Intel Corp has bought Israeli public transit app maker Moovit for about $900 million to help it develop self-driving "robotaxis" that could take to the streets in early 2022, the company said on Monday.

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...