Francesca Fontana
👤 SpeakerAppearances Over Time
Podcast Appearances
Guys, the future of food delivery is here.
And guess what?
It's AI robots.
Yes, CERV Robotics, the maker of AI-powered food delivery robots,
announced a multi-year partnership with DoorDash on Thursday.
Now, as a New Yorker, I did not know this, but Serv's self-driving sidewalk robots have already been making deliveries in L.A., as well as Miami, Dallas, Chicago, and Atlanta, through an existing partnership with Uber Eats.
But this new deal will help the company expand its footprint.
And it sent the stock up a whopping 29% on Thursday, and it ended the week up 14%.
And now you know what's news in markets this week.
You can read about more stocks that moved on the week's news in The Score, my column in the Wall Street Journal's Exchange section.
Today's show was produced by Zoe Kolkin with Deputy Editor Chris Dinsley.
I'm Francesca Fontana.
Have a great weekend and I'll see you next Saturday.
Hey Listeners, it's Saturday, June 7th. I'm Francesca Fontana for The Wall Street Journal and this is What's News in Markets. Our look at the biggest stock moves of the week and the news that drove them. Let's get to it. All right. What happened this week? Of course, of course, we had more earnings reports. We had developments in tariffs with steel and aluminum.
Hey Listeners, it's Saturday, June 7th. I'm Francesca Fontana for The Wall Street Journal and this is What's News in Markets. Our look at the biggest stock moves of the week and the news that drove them. Let's get to it. All right. What happened this week? Of course, of course, we had more earnings reports. We had developments in tariffs with steel and aluminum.
But we're going to get to that later, because really what captured all of our attention and not just in the stock market was the giant feud unfolding between President Trump and Elon Musk. So it started with Musk's criticism of Trump's tax and spending megabill and it escalated to an afternoon of back and forth insults and attacks.
But we're going to get to that later, because really what captured all of our attention and not just in the stock market was the giant feud unfolding between President Trump and Elon Musk. So it started with Musk's criticism of Trump's tax and spending megabill and it escalated to an afternoon of back and forth insults and attacks.
Trump threatened to eliminate government subsidies and contracts for Musk's businesses. And Musk called Trump ungrateful after his campaign support and agreed with a tweet that Trump should be impeached. And it certainly made Thursday's trading interesting. Tesla's shares fell 14% during the session, losing about $152 billion in market value, which is the company's biggest one-day slide on record.
Trump threatened to eliminate government subsidies and contracts for Musk's businesses. And Musk called Trump ungrateful after his campaign support and agreed with a tweet that Trump should be impeached. And it certainly made Thursday's trading interesting. Tesla's shares fell 14% during the session, losing about $152 billion in market value, which is the company's biggest one-day slide on record.
And Trump Media & Technology, the parent company of Trump's Truth Social, saw its shares fall 8%. On Friday, they made up some ground, both gained close to 4%. All in all, the three major indexes notched weekly gains. Die S&P 500 und die Dow sind alle mehr als 1% gestiegen und die Nasdaq ist mehr als 2% gestiegen.