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Waymo Expands to D.C. 🚗
Ryan Serkes
March 26, 2025
The
Daily Trade
Hey Daily Traders,
Google's Waymo is making waves by expanding its self-driving car operations to Washington, D.C., a move that intensifies the race for dominance in autonomous technology. As companies like Tesla push for industry-wide standards, Waymo's expansion underscores the sector's growing momentum and the importance of regulatory frameworks in shaping the future of transportation.
Meanwhile, Los Angeles is taking a bold step to overhaul its approach to homelessness spending, directly managing funds after audits revealed financial mismanagement. This shift highlights the urgent need for reform in addressing homelessness, a critical issue impacting urban areas across the nation.
Here's what's happening today:
- 🚗 Waymo expands in Washington amid self-driving race
- 🏠 LA takes control of homelessness agency funds
- 🚗 SoftBank invests in GM's autonomous vehicle unit
- 🌐 BlackRock expands tokenized fund to Solana
- 📉 23andMe files for bankruptcy amid valuation collapse
Question
Do you believe Waymo's expansion into Washington, D.C. will accelerate the adoption of self-driving cars nationwide, or are regulatory hurdles too significant to overcome in the near future?
Reply to this email with your answer
Stock Market  Google's Waymo is expanding its self-driving car operations to Washington, D.C., marking a significant step in its efforts to establish a nationwide presence. This move comes amid increasing competition and calls for federal regulations on autonomous vehicles, with Tesla and other automakers also pushing for industry-wide standards. The expansion highlights the growing momentum in the self-driving sector, as companies race to bring autonomous technology to the forefront of transportation. Waymo's expansion is part of a broader trend in the tech industry, where companies are investing heavily in AI and automation. The push for self-driving cars is seen as a critical component of future urban mobility solutions, offering potential benefits in safety, efficiency, and environmental impact. As the industry evolves, regulatory frameworks will play a crucial role in shaping the future of autonomous vehicles, impacting both consumer adoption and technological advancements. Key Takeaway
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Real Estate  Los Angeles officials have decided to take direct control over hundreds of millions of dollars allocated for homelessness services, following audits that revealed reckless spending by the Los Angeles Homeless Services Authority (LAHSA). The city council's unanimous decision aims to ensure better oversight and accountability in managing funds intended for shelter and services for the homeless population. The move comes amid a visible homelessness crisis in LA, with encampments spreading across the city. The audits highlighted significant issues in LAHSA's financial management, including poor record-keeping and unaccounted cash advances. As a result, the city plans to establish a new department to directly manage homelessness programs, a shift that could impact the allocation of resources and the effectiveness of services provided. This development underscores the urgent need for reform in addressing homelessness, a critical issue affecting Los Angeles and many other urban areas. Key Takeaway
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Stock Market  SoftBank has announced a major investment of $2.25 billion in General Motors' autonomous vehicle business, GM Cruise, marking a significant boost for the automaker's self-driving car ambitions. This investment is expected to accelerate GM's plans to launch a robotaxi service in major cities as early as next year. The deal underscores the growing interest and investment in autonomous vehicle technology, with GM positioning itself as a key player in the race to develop self-driving cars. In addition to SoftBank's investment, Waymo, Google's self-driving division, is expanding its fleet, further indicating the rapid advancements in autonomous vehicle technology. The increased financial backing and strategic partnerships highlight the potential of self-driving cars to transform urban mobility and the transportation industry. As companies push forward with their autonomous vehicle initiatives, the need for regulatory frameworks and public acceptance will play a crucial role in the widespread adoption of this technology. Key Takeaway
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Crypto Securitize and BlackRock have announced the expansion of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to the Solana network, enhancing access to tokenized assets. BUIDL, which recently surpassed $1 billion in assets under management, offers investors U.S. dollar yields on-chain with flexible custody and daily dividend payouts. The move to Solana is aimed at leveraging the blockchain's speed, scalability, and cost-effectiveness, further integrating BUIDL into the digital asset ecosystem. This expansion marks a significant milestone in the development of tokenized treasury markets, providing increased access and optionality for investors and digital asset-native firms. By utilizing Solana's network, BUIDL aims to capitalize on the growing demand for tokenized real-world assets and the operational efficiencies offered by blockchain technology. The partnership between Securitize and BlackRock highlights the ongoing evolution of financial markets towards more decentralized and innovative solutions. Key Takeaway
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Stock Market  23andMe, the consumer genetics company, has filed for Chapter 11 bankruptcy protection following a series of financial setbacks, including unprofitability, failed partnerships, and a significant data breach. Once valued at $6 billion, the company's stock has plummeted, leading to a drastic decline in market value. Co-founder Anne Wojcicki has stepped down as CEO, with CFO Joe Selsavage taking over as acting CEO during the restructuring process. The bankruptcy filing highlights the challenges faced by 23andMe in adapting its business model and maintaining consumer trust after the data breach. The company plans to continue servicing clients while exploring potential asset sales as part of the bankruptcy proceedings. This development underscores the volatility and risks associated with the biotech industry, particularly for companies heavily reliant on consumer data and partnerships for growth and sustainability. Key Takeaway
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Today's Technical Analysis
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Hold | ULTOSC Sell | STOCH Sell |
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Hold | ULTOSC Hold | STOCH Sell |
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Hold | ULTOSC Hold | STOCH Sell |
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Hold | STOCH Hold |
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Technical Indicator Information
Relative Strength Index (RSI) | Period: 14 days | Overvalued threshold: 70 | Undervalued threshold: 30
Money Flow Index (MFI) | Period: 14 days | Overvalued threshold: 80 | Undervalued threshold: 20
Williams Percent Range (WillR) | Period: 14 days | Overvalued threshold: -20 | Undervalued threshold: -80
Aroon Oscillator (AO) | Period: 14 days | Overvalued threshold: 75 | Undervalued threshold: -75
Moving Average Convergence/Divergence (MACD) | Period: 26/12/9 days | Overvalued threshold: MACD crosses below MACD Signal | Undervalued threshold: MACD crosses above MACD Signal
Stochastic Oscillator (STOCH) | Period: 14/3/3 days | Overvalued threshold: %K crosses below %D above 80 | Undervalued threshold: %K crosses above %D below 20
Commodity Channel Index (CCI) | Period: 20 days | Overvalued threshold: 100 | Undervalued threshold: -100
Bollinger Bands (BBANDS) | Period: 20 days | Overvalued threshold: price >= upper band | Undervalued threshold: price <= lower band
Parabolic Stop and Reverse (SAR) | Period: variable 50 - 100 days | Overvalued threshold: SAR crosses above price | Undervalued threshold: SAR crosses below price
Triple Exponential Average (TRIX) | Period: 15 days | Overvalued threshold: TRIX crosses below 0 | Undervalued threshold: TRIX crosses above 0
Ultimate Oscillator (ULTOSC) | Period: 28/14/7 days | Overvalued threshold: 70 | Undervalued threshold: 30
Directional Movement Index (DMI) | Period: 14 days | Overvalued threshold: PlusDI crosses below MinusDI | Undervalued threshold: PlusDI crosses above MinusDI
Average Directional Index (ADX) | Period: variable 14 days | Requirement: >= 25
Analysis is only performed on securities with market caps in excess of $100 million and with daily trade volume in excess of $50 million.
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