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Heavily Shorted Hertz Soars On Uber Robotaxi Deal
Heavily Shorted Hertz Soars On Uber Robotaxi Deal
Heavily shorted shares of rental-car company Hertz are soaring in premarket trading after the company announced a partnership with Uber Technologies to scale both autonomous robotaxi and driver-led rideshare operations.
Hertz’s Oro Mobility unit will be used as a fleet-management system for Uber’s next-generation mobility network of autonomous robotaxis. This means Oro will support the critical operating layer: charging, maintenance, repairs, cleaning, depot staffing, and vehicle logistics.
"Through its partnerships with Uber, Oro will deliver scalable operational and maintenance services across both autonomous and...
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Jun 1, 2026 / Tyler Durden
The Slow Disappearance Of Cash In Europe
The Slow Disappearance Of Cash In Europe
Authored by Cláudia Ascensão Nunes via the Foundation for Economic Education (FEE),
Under the guise of fighting money laundering, the EU is making anonymous economic activity progressively harder...
Starting in July 2027, Europeans will no longer be allowed to pay businesses or professionals more than €10,000 in cash (roughly $11,500). Any transaction above €3,000 (just under $3,500) will require mandatory customer identification. This is another step toward political uniformity across Europe, stripping countries of autonomy and subtly pushing citizens toward the digital euro.
This measure, part of the...
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Mar 30, 2026 / Tyler Durden
Pakistan & Afghanistan Exchange Heavy Fire After Short-Lived Truce
Pakistan & Afghanistan Exchange Heavy Fire After Short-Lived Truce
The prior truce between warring neighbors Pakistan and Afghanistan has been breaking down since last week. Some analysts are calling it a ceasefire in name only.
The globe's attention has been on the Iran conflict, but heavy AfPak fighting has been on for almost the exact same length of time as Trump's Operation Epic Fury against Iran. But it hasn't received much attention in international headlines.
Getty Images
Earlier this month a short-lived truce had been announced by the two sides just ahead of...
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Apr 14, 2026 / Tyler Durden
France Plans €10 Billion Push To Cut Reliance On Gas and Oil
France Plans €10 Billion Push To Cut Reliance On Gas and Oil
France is shifting its response to rising fuel costs away from short-term relief and toward long-term electrification, according to Prime Minister Sébastien Lecornu. Instead of expanding fuel subsidies after oil prices spiked due to the Iran conflict, the government plans to redirect funding into helping households and businesses transition to electric energy, according to Bloomberg.
Under the plan, annual support for electrification will nearly double to €10 billion by 2030, up from €5.5 billion today. The increase will come...
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