General Motors' Cruise says it will be suspending its driverless fleet after California revoked its permit.
Stocks were mixed to close out today's session. The Dow closed down over 360 points, the Nasdaq closed three tenths of a percent higher, and the S&P closed down four tenths of a percent. All three major averages saw deep losses this week due to disappointing earnings commentary from names like Meta and Google parent Alphabet. Next week, investors will be watching closely for results from Apple and Starbucks.
In other news, just days after General Motors had its permit to test and operate driverless vehicles in California pulled, the company is pulling the cars off the road entirely. Until the program was halted, Cruise offered driverless rides in San Francisco, Dallas, Austin, Houston, Phoenix, and Miami.
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