00:00 John Hyland
It’s time for the Yahoo Finance market minute. I’m John Hyland. US stocks pushing higher as investors await the latest policy decision from the Federal Reserve. Traders expect the central bank to keep rates on hold, but we’ll closely watch for updates to its economic projections. Meanwhile, Amazon’s autonomous driving unit Zoox has opened a robo taxi production facility in California which will produce 10,000 robo taxis a year once it reaches full scale. Plus Alphabet’s Waymo division has applied for a permit to test its robo taxis in New York City. Waymo plans to have a human driver manually operate its cars in New York to collect data and evaluate its technology starting next month. The company is seeking regulatory changes to operate a vehicle with no human behind the wheel. And Oracle shares are on the rise after getting a price target boost at Guggenheim Securities. The firm increasing its target shares to $250 per share while maintaining a buy rating on the stock. And that’s your Yahoo Finance market minute. For more on what’s trending on Yahoo Finance, scan the QR code below to track the best and worst performing stocks of the session.
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