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Intel is paying $900 million to buy Moovit, a data-rich app that helps people navigate cities using multiple modes of transportation from bikes and scooters to public transit and taxis.
Why it matters: The acquisition will help Mobileye, Intel's automated driving subsidiary, expand the breadth of its planned mobility services to include everything from self-driving vehicles and automated fleets to on-demand robo-taxi services.
The electric truck startup Nikola Motors' stock surged 22% Monday and the company now has a market capitalization of $17 billion. That's pretty, pretty good considering they have basically no revenue yet.
Driving the news: The bump came after Monday's announcement that the waste management company Republic Services has ordered at least 2,500 electric garbage trucks, with deliveries slated to start in 2023.
A just-published Brookings Institution analysis of U.S. cities' pledges to cut carbon emissions reveals very mixed results.
Why it matters: The potential — and limits — of city and state initiatives have gotten more attention amid President Trump's scuttling of Obama-era national policies.
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First-time applications for unemployment fell last week, according to Department of Labor data released on Thursday.
Between the lines: The overall number of Americans relying on unemployment also fell to a still-staggering 23 million. But there are continued signs of labor market strain, with more people shifting to an unemployment program designed for the long-term jobless.
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