Photo: Chesnot/Getty Images
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.
Photo: Courtesy of Unagi
E-scooter company Unagi on Wednesday debuted a personal scooter subscription service in Los Angeles and New York that allows people to lease their own scooter rather than take their chances with a shared one on the sidewalk.
Why it matters: In the COVID-19 era, people are wary of mass transit and shared vehicles, instead opting for personal cars, bikes and scooters that are seen as safer.
Damian Lillard shoots a free throw during one of the NBA's restart games. Photo: Mike Ehrmann/Getty Images
Sports are back, and on the surface, the actual gameplay looks fairly similar to when we last saw them.
But beneath that facade of normalcy lie some interesting trends spurred on by fan-less environments, long layoffs and condensed schedules.
Illustration: Aïda Amer/Axios
The Nasdaq closed above 11,000 for the first time on Thursday, ending the session higher for the seventh time in a row and eighth session in nine. It has gained nearly 10% since July 1.
Why it matters: It's not just tech stocks that have rallied recently. Just about every asset class has jumped in the third quarter, including many that typically have negative or inverse correlations to each other.