logo
S&P 500 Closes Above 6,300 for First Time

S&P 500 Closes Above 6,300 for First Time

Bloomberg4 days ago
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Red Light Holland teams up with Arch Public for Bitcoin Strategy
Red Light Holland teams up with Arch Public for Bitcoin Strategy

Yahoo

time17 minutes ago

  • Yahoo

Red Light Holland teams up with Arch Public for Bitcoin Strategy

Red Light Holland teams up with Arch Public for Bitcoin Strategy originally appeared on TheStreet. Red Light Holland, a Canadian company that produces functional mushrooms and psilocybin truffles, has selected Arch Public Inc. as its primary partner to assist in managing its Bitcoin investment strategy. The decision comes after Red Light Holland announced it will invest up to C$2 million in Bitcoin and other digital assets. As part of this goal, the business has already put C$210,000 into a Bitcoin ETF. On July 15, the firm took on Scott Melker, a renowned crypto Key Opinion Leader, as its Bitcoin Light Holland added Bitcoin to its balance sheet since it was having trouble with its banking because of its work in the psychedelics industry. The firm viewed Bitcoin as a means to achieve financial independence after being debanked, despite operating a legal and functional mushroom farm. "So we were debanked as we were proceeding with, ironically, just a regular mushroom farm, not even the psychedelic mushroom farms," said Todd Shapiro, CEO of Red Light Holland Corp, in an interview. Arch Public will facilitate the buying of Bitcoin through automated trading strategies (algorithms). Their approach involves buying Bitcoin on dips and protecting the investment from loss, as all assets won't be sold for less than the original cost. It supports dollar-cost averaging strategies, adjustable monthly allocations, and flexible plans to streamline the creation of an innovative, behavior-based Bitcoin portfolio. "We are excited to partner with Red Light Holland to support their Bitcoin Balance Sheet strategy. Our algorithms remove emotional biases, allowing companies like Red Light Holland to accumulate intelligently, safely, and reconcile instantly while not being distracted from their core day-to-day business," said Tillman Holloway, Co-founder and CEO of Arch Public. The partnership shows that Red Light Holland wants to combine decentralized finance with its larger goal of making new things in wellness and psychedelics. Red Light Holland teams up with Arch Public for Bitcoin Strategy first appeared on TheStreet on Jul 25, 2025 This story was originally reported by TheStreet on Jul 25, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Lyft Enters Robotaxi Wars, Linking Up with Holon to Take on Uber, Waymo, and Tesla
Lyft Enters Robotaxi Wars, Linking Up with Holon to Take on Uber, Waymo, and Tesla

Motor Trend

time19 minutes ago

  • Motor Trend

Lyft Enters Robotaxi Wars, Linking Up with Holon to Take on Uber, Waymo, and Tesla

The robotaxi wars are upon us. Not long after Uber and Lucid announced a partnership linking the rideshare and EV brands, Lyft has announced it will expand its own autonomous shuttle service working with Holon and its Urban shuttle through Benteler Mobility. It's all a part of Lyft's 'human-centered' strategy to create a hybrid rideshare network. Lyft partners with Holon and Benteler Group to expand its autonomous shuttle service, challenging Uber, Waymo, and Tesla. The fleet, featuring Holon's Urban shuttles, will deploy by 2026, overcoming tariff and regulatory challenges. Existing partnerships aid Lyft's robotaxi strategy. This summary was generated by AI using content from this MotorTrend article. Read Next Lyft is best known as the rideshare alternative to Uber and the pink mustaches its rideshare drivers attached to their vehicles years ago. (Now it's gone a bit boring with a light-up display that simply says 'Lyft.') While its fleet has relied on human drivers and regular vehicles since its start in 2012, Lyft has had plans for an autonomous fleet since December 2020, not long after the brand went public in 2019. Lyft had partnerships with several brands—including GM, Ford, and Magna International—but it sold this autonomous vehicle development to Toyota in April 2021 under the Woven Planet Holdings subsidiary (now known as Woven by Toyota). Since then, Lyft had remained a human-only rideshare brand until this partnership announcement with Holon and Benteler. Don't feel lost if you've never heard of Benteler Group or the Holon Urban autonomous shuttle. Holon was once an internal part of Benteler Group until 2022 when it was spun off as its own autonomous mover brand and began building the Urban, an autonomous shuttle that was designed by Pininfarina. While primarily focused on Germany, Holon has a U.S. presence with a regional headquarters in Auburn Hills, Michigan and a manufacturing facility under construction in Jacksonville, Florida that is scheduled to come online by 2026. Benteler Group is also split off into multiple brands that include automotive components, automotive modules including engines and chassis, and steel tube manufacturing among other businesses functions. It's been a silent partner for many automotive brands throughout its 150-year history. The two most pertinent parts of Benteler to today's announcement with Lyft are Benteler Mobility and Benteler Trading International with the latter offering fleet financing to pay for the purchasing, upkeep, and repairs of the Holon Urban shuttles that will be deployed. Benteler Mobility will offer its turnkey implementation of autonomous services for the Lyft fleet. While the partnership plans state the fleet will be deployed by 2026, there will be challenges it will need to get through. First, of course, are the upcoming tariff issues for anything manufactured outside the U.S. While this will be a temporary problem as Holon waits for the Jacksonville plant to open, it will be a significant one as it will add to the cost of the fleet. The second major issue is compliance with local communities and states to operate as a robotaxi service. Lyft is a bit more ahead of this game than most robotaxi startups thanks to its existing collaboration with May Mobility in Atlanta, Georgia, that's set to come online this year. It also has existing partnerships with Mobileye, Nexar, and Marubeni Corporation in autonomous fleet deployment and management since 2024.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store