On today’s episode of Asking for a Trend, Host Josh Lipton breaks down the biggest stories and trends of the trading week. Uber (UBER) has expanded its partnership with Waymo — a subsidiary of Alphabet (GOOG, GOOGL) — to offer driverless rides in Atlanta and Austin in early 2025. Carnegie Mellon University associate professor Phil Koopman notes the significance of Waymo advancing its fleet: “The question is what kind of growing pains they’ll have as they start operating in new cities.” While many investors are bullish on robotaxis, he casts doubt on its sustainability as a business model, explaining, “I have trouble seeing robotaxis as a business model because it’s a cheaper ride hail and the technology is really sophisticated, expensive. It requires a lot of support.” The Federal Trade Commission has been trying to block Tapestry’s (TPR) acquisition of Michael Kors holding company Capri Holdings (CPRI). Pauline Brown, author of “Aesthetic Intelligence” and former LVMH (LVMUY) chairman discusses the designer retail market and the FTC’s action. She also breaks down the booming resale market for designer goods as some items sell for a lower price in Europe than they do in China, allowing resellers to profit from the gap. Yahoo Finance Senior Reporter Alexandra Canal breaks down her top takeaways from the trading week, and Market Domination Host Julie Hyman breaks down the expectations for grocery shopping across different income classes. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Melanie Riehl
Yahoo! Finance: CPRI News
