GM said on Tuesday it would stop funding the development of the Cruise venture, saying it would "refocus autonomous driving development on personal vehicles".
Instead, GM said it would look to combine the technical team at its majority-owned startup Cruise with GM workers "into a single effort to advance autonomous and assisted driving".
Back in August, Uber announced a partnership with Cruise with plans to deploy autonomous vehicles on its ride-hailing platform.
The companies had planned to launch the partnership next year.
Shares in electric carmaker Tesla closed Wednesday's session at an all-time high, continuing its run higher since the since president-elect Donald Trump’s victory last month.
Tesla stock is up 69% since the election at the beginning of November, as CEO Elon Musk was a major supporter of Trump's election campaign. Musk has been appointed to co-lead the extra-governmental Department of Government Efficiency (DOGE).
Tesla stock closed Wednesday's session at $424.77 (£333.28), and touched an intraday high of $424.88.
Meanwhile, data from Tesla China showed that the carmaker had sold 21,900 EVs in China in the first week of December, which was the highest weekly sales thus far in the fourth quarter.
In addition, investment bank Morgan Stanley (MS) raised its price target on Tesla to $400 from $310 and maintained an "overweight" rating on the stock, earlier this week.
Social media giant Meta was also in focus on Thursday morning, after it was reported that the company had donated $1m to Trump's inaugural fund.
This comes after reports last week that suggested Meta CEO Mark Zuckerberg was looking to secure some influence in US president-elect Donald Trump's incoming administration.
The Financial Times (FT) reported that Sir Nick Clegg, Meta's president of global affairs, said in a press briefing that Zuckerberg was keen to play "an active role in the debates that any administration needs to have about maintaining America’s leadership in the technological sphere".
Clegg's comments came on the back of a report that Meta published, looking into what the company saw on its platforms during elections around the world in 2024. He said in the report that Meta found that the impact of generative AI in these elections was "modest and limited in scope".
Shares in Meta were up 2% by the close of Wednesday's session but were flat in pre-market trading on Thursday.
A spokesperson had not responded to Yahoo Finance UK's request for comment at the time of writing.
SThree, which is focused on recruiting in science, technology, engineering and mathematics (STEM), said in a trading update that "new business activity remained weak throughout FY24 driven by the protracted challenging economic conditions".
The company said it expected this to impact business in its 2025 fiscal year, forecasting profit before tax of around £25m ($32m), including £7m in one-off costs.
However, SThree announced a share buyback programme of up to £20m, which it expected to be completed over the next six months.
Timo Lehne, CEO of SThree, said: "The nature of our business model has meant we have been able to withstand the external pressures until now.
"However, the anticipated easing of market conditions has not yet materialised, with delayed decision making continuing to impact new placement activity whilst Contract extensions remain robust. With this dynamic expected to persist through next year, the Board has taken a prudent view of FY25."
Dan Coatsworth, investment analyst at AJ Bell (AJB.L), said: "Currys’ board has been vindicated in its decision to fight off bid interest from US investment group Elliott. Half-year results show growth in profits and cash flow, it has increased UK market share, and trading remains resilient despite choppy conditions for UK shopkeepers.
“Rachel Reeves hasn’t done any favours for UK retailers given how budget decisions will push up costs. Currys says her actions will cost it £32m which means it will have look harder for additional cost saving measures," he added.
"Unfortunately for the consumer, price hikes are on their way as Currys implies it will have to pass on some of the extra costs."
Other companies in the news on Thursday 12 December:
