logo
Google-owned Waymo on suspending service in LA protests: 'We do not believe...'

Google-owned Waymo on suspending service in LA protests: 'We do not believe...'

Time of India2 days ago

Image credit: X (Twitter)
Google-owned
Waymo
has suspended service in downtown Los Angeles after multiple self-driving cars were vandalised and set on fire during recent
anti-ICE protests
. Several videos and photos captured and shared on social media showed electric, self-driving Waymo cars engulfed in flames, with one of the protestors further vandalising a car. One of the videos also captured the charred remains of five Waymo vehicles scattered across a Los Angeles street. A spokesperson for the ride-hailing service told CBS MoneyWatch that Waymo has removed its vehicles from downtown Los Angeles and suspended service in the affected area as a precaution. However, the company confirmed that it continues to operate in other parts of the city.
Credit: Twitter (X)
Credit: X (Twitter)
Credit: X (Twitter)
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Play Chess on Your PC, Free
Play Classic Chess
Install Now
Undo
Credit: X (Twitter)
What Waymo said about suspending services in parts of LA
In an email statement sent to CBS, the Waymo spokesperson wrote: 'We do not believe our vehicles were intentionally targeted, but rather happened to be present during the protests.'
Waymo, a subsidiary of Google parent company Alphabet, operates its autonomous ride-hailing service not only in Los Angeles but also in Phoenix and the San Francisco Bay Area, the company's website notes
Apart from setting Waymo cars on fire, protesters also damaged and looted several businesses, including Jordan Studio 23, a sporting goods store in downtown LS, along with a T-Mobile and an Adidas store, CBS Los Angeles reported.
Protests in California's capital began last week after ICE raids in the Los Angeles Fashion District and intensified later, following US President
Donald Trump
's decision to deploy at least 300 US National Guard troops to the city, a move that California Governor Gavin Newsom has called illegal.
According to a CBS report, it took some time for the Los Angeles Police Department to reach the chaotic scene.
After the incident, the LAPD has urged businesses in the area to report any damage to the police.
'Please photograph all vandalism and damage prior to clean up,' the department posted on its X account.
HP EliteBook Ultra Review: Thin, light, power in a premium package
AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India shares fall as US-China trade deal uncertainty, Middle East tensions weigh
India shares fall as US-China trade deal uncertainty, Middle East tensions weigh

Hindustan Times

time13 minutes ago

  • Hindustan Times

India shares fall as US-China trade deal uncertainty, Middle East tensions weigh

-India's benchmark indexes edged lower on Thursday, led by losses in IT stocks, as ambiguity over the U.S.-China trade deal and rising tensions in the Middle East dampened risk appetite. The Nifty 50 was down 0.16% at 25,101.3 and the BSE Sensex fell 0.2% to 82,355.26, as of 10:13 a.m. IST. The broader small-caps and mid-caps both fell about 0.3%. Eleven of the 13 major sectors logged losses. Other Asian markets were also muted, while Wall Street equities fell overnight on fresh geopolitical tensions in the Middle East and a lack of detail in a U.S.-China trade deal. [MKTS/GLOB] U.S. President Donald Trump said a framework on tariff rates had been reached to revive the fragile trade truce with China. While this lifted investor hopes, the lack of specifics kept markets on edge. "The tariff crisis is not over yet. With Trump's credibility being what it is, it would be too early to discount the development as a positive for markets," said VK Vijayakumar, chief investment strategist at Geojit Investments. Meanwhile, geopolitical concerns heightened after Iran said it will strike U.S. bases in the Middle East if nuclear talks fail and conflict arises with Washington. Escalating security risks in the Middle East is a negative for India as it could trigger a rise in Brent crude prices, said two analysts. Heavyweight IT fell 1%. Indian IT companies earn a significant share of their revenue from the United States. Among individual stocks, Paytm fell 8.4% after India's finance ministry refuted reports claiming the introduction of merchant discount rate on UPI transactions. Delay or non-introduction of MDR is sentiment negative for Paytm and could present a downside risk to the company's core profitability in fiscal 2026 and 2027, UBS said in a note.

Stocks to buy or sell: Osho Krishan of Angel One suggests buying HCL Tech, Gail shares today
Stocks to buy or sell: Osho Krishan of Angel One suggests buying HCL Tech, Gail shares today

Mint

time16 minutes ago

  • Mint

Stocks to buy or sell: Osho Krishan of Angel One suggests buying HCL Tech, Gail shares today

Stock market today: The domestic benchmark indices, Nifty 50 and Sensex, opened with little movement on Thursday as investors evaluated the US-China trade agreement and rising tensions in the Middle East. The Nifty 50 was down 0.13% to reach 25,106 . 45, while the Sensex slipped 0.18% to 82,365.17 by 9:57 IST. The broader small-cap stocks gained 0.2%, whereas mid-cap stocks remained unchanged. US President Donald Trump announced that a framework regarding tariff rates had been established in order to revive the fragile trade truce with China. While this announcement boosted investor optimism, the absence of detailed information kept the markets uneasy. At the same time, Iran indicated that it would target US bases in the Middle East if nuclear negotiations collapse and conflict with Washington erupts, intensifying geopolitical worries. On the technical front, Osho Krishan of Angel One, recommends HCL Technologies Ltd, and Gail (India) Ltd. Krishan advises to chasing momentum and suggest entering on dips while booking profits at higher levels. Here's what he says about the overall market. The prevailing market structure has remained consistent, as evidenced by the emergence of a third consecutive narrow-range candlestick with a small body on the daily chart for the benchmark index. The smoothed Relative Strength Index (RSI) is currently positioned around 75, indicating that the market is situated in an overbought territory. Despite the underlying bullish sentiment, there is a significant absence of robust follow-through. The recent trading range of 25,050–25,250 broadly marks a key zone of 25,000–25,300, where the lower end aligns with the bullish gap support and the upper end coincides with the crucial 78.6% retracement, making this zone pivotal for the weekly expiry. Hence, we continue to advise against chasing momentum and suggest entering on dips while booking profits at higher levels. While the index remains within a defined range, thematic plays are beginning to gain traction. Our positive outlook on the IT sector is reaffirmed, as the Nifty IT index has surpassed its recent swing high, establishing a classic "Higher Top Higher Bottom" formation. This suggests the potential for outperformance in this sector. Furthermore, Oil and Gas stocks are experiencing significant breakouts, and we expect that strength in this sector will persist in the near term. On stocks to buy on Thursday, Osho Krishan of Angel One recommended two stocks - HCL Technologies Ltd, and Gail (India) Ltd. HCL Technologies share price has observed substantial buying activity in recent sessions, having surpassed key short-term EMAs on the daily chart and exceeded the 200-DSMA after an extended period of stagnation. This recent price performance is supported by increasing trading volumes and positive crossovers of the EMAs, which contribute to a bullish sentiment. Furthermore, from a risk-reward perspective, the stock is favorably positioned and appears poised to sustain its upward trajectory in the near term. Hence, we recommend buying HCL Technologies share price around ₹ 1,710-1,700, keeping a stop loss of ₹ 1,640 for a potential upside Target of ₹ 1,780-1,810. Gail share price has demonstrated a notable increase, supported by substantial trading volumes during the previous session, thereby exceeding the 200 DSMA. The stock has also surpassed its prior swing highs, and the recent positive crossover of the 21-DEMA over the 200 DSMA suggests a favorable short-term outlook. Moreover, the alignment of the 14-period momentum indicator further reinforces the bullish sentiment regarding the stock. Hence, we recommend buying Gail share price around ₹ 198-195, keeping a stop loss of ₹ 187 for a potential upside Target of ₹ 212-216. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

Trump open to extending July 9 trade talks deadline, to send out letters
Trump open to extending July 9 trade talks deadline, to send out letters

Business Standard

time22 minutes ago

  • Business Standard

Trump open to extending July 9 trade talks deadline, to send out letters

US President Donald Trump on Wednesday (local time) said that he was willing to extend the July 9 deadline for completing trade talks with countries before his sweeping tariffs take effect. Trump made these remarks at the Kennedy Center before a performance and added that he does not believe that extending the deadline would be necessary, Reuters reported. He further added that trade negotiations were ongoing with 15 countries, including South Korea, Japan as well and the European Union. "We're rocking in terms of deals. We're dealing with quite a few countries, and they all want to make a deal with us," Trump said, adding that he did not believe a deadline extension would be "a necessity". The US President also announced that they would soon start sending out letters, possibly in the coming weeks, mentioning the terms of trade deals to dozens of other countries. "At a certain point, we're just going to send letters out ... saying, 'This is the deal. You can take it, or you can leave it. So at a certain point, we'll do that. We're not quite ready," Trump noted. US Treasury Secretary Scott Bessent informed lawmakers about the willingness of the Trump administration to extend the 90-day deadline, which ends on July 9, or "roll the date forward" for countries negotiating in good faith, in certain cases. This is the first time that a Trump administration official has indicated some flexibility in regards to the expiration date of the tariff pause. Bessent told the House Ways and Means Committee, "It is highly likely that those countries-or trading blocs, as is the case with the EU-who are negotiating in good faith, we will roll the date forward to continue the good-faith negotiations." He further added, "If someone is not negotiating, then we will not." Trump announced sweeping tariffs on more than 100 countries on April 2, in a move he said would "level the playing field" for American businesses and workers. Before the tariffs could go into effect, Trump announced a 90-day pause on April 9, providing the countries a chance to negotiate deals with the US. The Trump administration has only agreed to one trade deal, with the UK, so far. The report suggests that negotiations are underway with some 17 others. The remarks by the Trump administration come a day after an appeals court allowed the administration to keep 'collecting tariffs' for now. On Tuesday (local time), a separate deal between the US and China was also agreed upon in London to de-escalate the bilateral trade war, with an August 10 deadline set last month.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store