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☆ Tesla Autopilot safety probe by federal vehicle regulators nears completion
▼ + stars: | 2023-08-25 | by ( Lora Kolodny | ) www.cnbc.com time to read: +4 min

A multiyear investigation into the safety of Tesla's driver assistance systems by the National Highway Traffic Safety Administration, or NHTSA, is drawing to a close. Tesla cars cannot function as robotaxis like those operated by General Motors -owned Cruise or Alphabet 's Waymo. Tesla CEO Elon Musk — who also owns and runs the social network X (formerly Twitter) — often implies Tesla cars are autonomous. But it's not clear that this is a strong enough system to ensure safe use of Tesla's driver assistance features. In 23 of these incidents, the agency report says, Tesla's driver assistance features were in use within 30 seconds of the collision.

Persons: David Shepardson, Ann Carlson, Elon Musk —, —, Musk, Tesla, Elon Organizations: National, Traffic Safety Administration, Reuters, CNBC, NHTSA, General Motors, FSD Beta, SAE International, Ford Locations: U.S

☆ US will resolve Tesla Autopilot probe, could make announcement soon - official
▼ + stars: | 2023-08-24 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsCompanies Tesla Inc FollowWASHINGTON, Aug 24 (Reuters) - The National Highway Traffic Safety Administration (NHTSA) will resolve its two-year investigation into Tesla (TSLA.O) Autopilot and could make a public announcement soon, the agency's acting head told Reuters. "We'll get to a resolution (of the Tesla probe)," Acting NHTSA Administrator Ann Carlson told Reuters in an interview at the agency's headquarters. The agency is investigating the performance of Autopilot after identifying more than a dozen crashes in which Tesla vehicles struck stopped emergency vehicles. It is also investigating whether Tesla vehicles adequately ensure drivers are paying attention when using the driver assistance system. In June 2022, NHTSA upgraded the probe into 830,000 Tesla vehicles it first opened in August 2021 to an engineering analysis - a required step before it could potentially demand a recall.

Persons: Arnd, We'll, Tesla, Ann Carlson, It's, David Shepardson, Mark Porter, Daniel Wallis Organizations: REUTERS, WASHINGTON, Traffic Safety Administration, Tesla, Reuters, NHTSA, Thomson Locations: Bern, Switzerland

☆ Fin Capital has become the most prolific fintech investor in the world. Behind the scenes, there's been a phishing attack, whistleblower complaints, and a wave of exits.
▼ + stars: | 2023-08-23 | by ( Ben Bergman | ) www.businessinsider.com time to read: +12 min

It was August 2021, during the waning months of the frothy startup bull market, and Fin Capital was on the ascent. The message was a phishing attack — Fin Capital had been hacked. But there is dispute over how Fin Capital handled the attack and its aftermath. Still, as other firms have sharply pulled back on investing in the downturn, Fin Capital has done the opposite. It's unclear whether the whistleblower complaints that former Fin Capital employees filed with the SEC are being investigated.

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You'll likely need a government-issued ID, proof of address, and more to open a bank account. You must be 18 to open a bank account, although you can open one if a parent or guardian co-owns the account. You can open a bank account for minor, but you must bring a parent or guardian with the necessary documentation to open the account with you. How to choose a bank accountThe best bank account for you will depend on your priorities. Opening a bank account FAQsWhat documents do you need to open a bank account?

Persons: you've Organizations: Service, Department of Motor Vehicles, Social, Social Security Locations: Wall, Silicon

A joint bank account allows two or more people to own a bank account. While you can open a joint bank account with anyone, usually, joint bank accounts are opened by couples or family members. One type of joint bank account that you may be familiar with is a kid's bank account. Joint bank accounts are federally insured for a greater amount than individual bank accounts. Deciding between a joint bank account or an individual bank account will boil down to how you use the account and your goals.

Persons: what's, You'll Organizations: Service, FDIC, Social Locations: Wall, Silicon

☆ Fintech VCs are readying their checkbooks as cash-strapped startup founders run out of options
▼ + stars: | 2023-08-08 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

Fintech funding has been on a decline from 2021's peak levels, but VCs see signs of a rebound. VCs are itching to get back to dealmaking as they see early signs of a rebound in the fintech industry. Cash-strapped founders who didn't want to fundraise in a down market and get valuations slashed are running out of options and time. They dominated the fintech market in the past several years, but the shine is wearing off, Shriner said. Fintech VCs will get to spend more time on due diligence, looking beyond so-called "vanity metrics," Fernandez said.

Persons: Cash, didn't, Mark Peter Davis, Davis, We're, Tripp Shriner, Robert Ruark, Ruark, B2C, VCs, Shriner, — crowdedness, Stephanie Choo, Marcos Fernandez, KPMG's Ruark, Fintech, Fernandez Organizations: Interplay, Investors, Point72 Ventures, KPMG, Tiger, Portage Ventures, Fiat Ventures Locations: dealmaking, VCs, overvaluations

☆ Elon Musk suggests cage fight with Mark Zuckerberg is on, and will be live-streamed on X
▼ + stars: | 2023-08-06 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Elon Musk appeared to confirm this his cage fight with Mark Zuckerberg is on. Elon Musk appears to be pressing ahead with his plans to fight Mark Zuckerberg. "Zuck v Musk fight will be live-streamed on X," Musk wrote. An X user asked Musk what the point of the fight is and whether it is simply to motivate him to work out. An X user warned him to "be careful" because Zuckerberg practices jiu-jitsu and Musk fired back that he's "up for a cage match."

Persons: Elon Musk, Mark Zuckerberg, Zuckerberg, X, Musk, Dana White, Elon Musk didn't Locations: Italian, Rome

How to fill out a money orderTo take advantage of the various benefits of money orders, you'll need to know how to fill out a money order correctly. Where to buy a money orderOne of the most inexpensive places to buy a money order is Walmart. Here's a quick overview of how much it costs to buy a money order:Places to buy a money order Price to buy a money order Walmart maximum fee of $1 USPS $2 for money orders under $500; $2.90 for money orders of $500.01 to $1,000; $0.65 for postal military money ordersMany grocery stores and convenience stores that you already frequent each week also may sell money orders. Filling out money order FAQsDo money orders expire? You'll need the money order number and precise dollar amount to see if a money order was cashed.

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☆ Hungary's Orban condemns EU federalism, LGBTQ 'offensive'
▼ + stars: | 2023-07-22 | by ( ) www.reuters.com time to read: +2 min

BUDAPEST, July 22 (Reuters) - Hungary's Prime Minister Viktor Orban on Saturday renewed an attack on the European Union for conducting what he called an "LGBTQ offensive", saying his nationalist government would protect the country's Christian roots. He has also clashed with Brussels over other issues including the rule of law, and reforms to Hungary's media and the judiciary. The EU is "either an empire or (individual) nations ... We should not have any illusions: the federalists are trying to squeeze us out," Orban said. "They openly wanted a change in government (in 2022) in Hungary," Orban said, adding that the same was now true of Poland. "The EU rejects Christian heritage, carries out a replacement of its population via migration ... and conducts an LGBTQ offensive," he said on Saturday.

Persons: Viktor Orban, Orban, " Orban, Krisztina, John Stonestreet Organizations: Hungary's, European Union, EU, Law, Justice, Britain, Thomson Locations: BUDAPEST, Romania, Brussels, Germany, France, EU, Hungary, Poland, Warsaw, Budapest

When you use your debit card abroad, you'll probably have to pay a foreign transaction fee. But know that you will pay foreign transaction fees on non-360 accounts. RobinhoodThe Robinhood Cash Management Account doesn't charge foreign transaction fees or out-of-network ATM fees. Debit card foreign transaction fees at other banksForeign transaction fee FAQsWhat is a normal foreign transaction fee? Betterment, Capital One 360, Charles Schwab, Chime, Discover, Robinhood, and Varo do not charge foreign transaction fees.

Persons: you'll, Charles Schwab, Robinhood, Chase Organizations: Visa, Mastercard, Banking, The Bancorp Bank, Stride Bank, N.A, FDIC, Visa . Capital, Schwab, Chase Sapphire ℠ Banking, HSBC

☆ Morning Bid: Retail, housing and banks test jaunty July
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +3 min

A look at the day ahead in U.S. and global markets from Mike DolanThe benign July investment environment gets tested on Tuesday by updates on U.S. retail sales and housing while the corporate earnings season kicks back into gear with another sweep of bank reports. Consensus forecasts are for a modest rise in retail sales and industrial output last month, while the NAHB homebuilder index is expected to have ticked higher in July to underline the recent housing market recovery more broadly. U.S. stock futures were flat going into the open and 10-year Treasury yields ticked down to their lowest level of the month so far. Crude oil prices tried to find their footing after Monday's sharp drop and continue to sustain year-on-year losses of more than 25%. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Dolan, Wall, HSI, Evergrande, Goldman Sachs, Janet Yellen, Morgan Stanley, Lockheed Martin, Charles Schwab, JB Hunt, Michael Barr, Christina Fincher Organizations: New York Federal, Bank of America, Bank of New, Mellon, Novartis, Sandoz, Bank of New York Mellon, Lockheed, PNC Financial, Synchrony, JB, Federal, Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, Hong Kong, Treasuries, Canada

☆ Some customers are complaining that a $3,000 temperature-controlled mattress that's praised by Elon Musk and Mark Zuckerberg is prone to leaks
▼ + stars: | 2023-07-13 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +2 min

A high-tech mattress by Eight Sleep, apparently beloved by the tech elite, reportedly leaks. One customer tweeted a photo of an Eight Sleep mattress with a large leak, Bloomberg reported. The company told Insider it "worked tirelessly" to address an issue affecting "a small fraction" of users. A high-tech mattress company whose mattresses retail for about $3,000 – and have the stamp of approval from tech's elite like Elon Musk – is reportedly prone to leaks. One customer shared a photo on Twitter over the weekend that showed a large wet patch on his Eight Sleep mattress, which is temperature-controlled using water.

Persons: Mark Zuckerberg, Andrew Ross Sorkin, we've Organizations: Bloomberg, Elon, New York Times

How cash management accounts workCash management accounts are multifunctional accounts that combine checking and savings account features. Where to find cash management accountsBelow, you'll find fintech companies we've reviewed that have cash management accounts. Wealthfront Cash Account: Wealthfront is an investing platform with a cash management account. Cash management account FAQsWhat is the purpose of a cash management account? Betterment Cash Reserve, Wealthfront Cash Account, and Fidelity Cash Management are all popular examples of cash management accounts.

Persons: Tony Molina, You'll, Banks, Read, you'll, Cash, It's Organizations: Service, Governors, Federal Reserve, FDIC, Cash, Fidelity Cash Management Locations: Wall, Silicon, Wealthfront

Prime Day 2023 ends tonight and we're still working hard to round up all the best deals of day 2. Down to $164.99, this Prime Day price matches the record low we saw for Black Friday. On select sizes and colors, you can get up to 60% off, the lowest Prime Day price to date. Even with a newer C3 model out this year, this remains a better value, especially at this current Prime Day deal price. This Prime Day deal is the best price we've ever seen, and it's only available by invite for Prime members during Amazon Prime Day.

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Down to $164.99, this Prime Day price matches the record low we saw for Black Friday. $10.14 from Amazon Originally $25.00 Save 59%Prime Day deals: StyleWe've got you covered for head-to-toe deals across the fashion world today. This Prime Day deal is the best price we've ever seen, and it's only available by invite for Prime members during Amazon Prime Day. $12.99 from Amazon Originally $23.99 Save 46%More Prime Day dealsDeal icon An icon in the shape of a lightning bolt. You'll also get a bonus of $10 with this Prime Day deal when you use the code "HAPPY" and spend $50.

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Check back to this page often as we'll be consistently updating it with the best Amazon Prime Day Lightning Deals as we come across them. Check out Insider's picks for the best credit cards to use on Amazon purchasesBest Amazon Prime Day 2023 Lightning DealsDeal icon An icon in the shape of a lightning bolt. During this Prime Day lightning deal, it's on sale for $20 off its normal price. $16.98 from Amazon Originally $19.98 Save 15%What are Amazon Prime Day Lightning Deals? Yes, anyone looking to take advantage of a Prime Day Lightning Deal must have a Prime membership in order to do so.

Persons: we've, you've, There's, It's Organizations: Amazon, Amazon Deal, Prime Locations: 60fps

☆ US agency seeks updated responses from Tesla in Autopilot probe
▼ + stars: | 2023-07-06 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, July 6 (Reuters) - U.S. auto safety regulators said on Thursday they are seeking updated responses and current data for an ongoing probe into 830,000 Tesla vehicles and the automaker's advanced driver assistance system Autopilot. The agency is investigating the performance of Autopilot after identifying more than a dozen crashes in which Tesla vehicles struck stopped emergency vehicles. It is also investigating whether Tesla vehicles adequately ensure drivers are paying attention when using the driver assistance system. In June 2022, NHTSA upgraded the probe it first opened in August 2021 to an engineering analysis - a required step before it could potentially demand a recall. Since 2016, NHTSA has opened 40 Tesla special crash investigations where advanced driver assistance systems such as Autopilot were suspected of being used with 20 crash deaths reported.

Persons: Tesla, Pete Buttigieg, David Shepardson, Jason Neely, Conor Humphries Organizations: Traffic Safety Administration, NHTSA, Transportation, Thomson

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☆ Meet the 6 JPMorgan execs tapped to lead a new unit that will shape how the country's largest bank approaches AI
▼ + stars: | 2023-06-21 | by ( Bianca Chan | ) www.businessinsider.com time to read: +3 min

The team, led by Teresa Heitsenrether, will be critical in the bank's AI strategy. The D&A organization pulls together AI leaders from across the bank, from research to data use. JPMorgan is unifying its AI braintrust in a newly created unit that will drive strategy, governance, and adoption of the tech at the country's largest bank. Heitsenrether will have some of the bank's highest tech leaders and their respective teams as her deputies, including the bank's head of AI research and head of AI and machine learning transformation and engagement. The D&A organization will be critical to JPMorgan's AI use and strategy, as AI models and tools are computer-intensive and require vast amounts of data.

Persons: Teresa Heitsenrether, Lori Beer, Jamie Dimon, Daniel Pinto, Goldman Sachs, Heitsenrether, Pinto Organizations: JPMorgan, Wednesday, ChatGPT, Securities Services Locations: Heitsenrether

☆ The Tribeca Festival Has a Story to Tell
▼ + stars: | 2023-06-07 | by ( Natalia Winkelman | ) www.nytimes.com time to read: +1 min

Every spring, the Tribeca Festival returns to Lower Manhattan with a bulky mixed bag of creative programming. Past attendees of the festival might recall Robert De Niro, one of its founders, rapping, “I’ve got a story to tell,” at the start of a bouncy, AT&T-sponsored Tribeca trailer that preceded screenings for half a dozen years. The industry is in crisis, and as the guilds sound alarm bells, it will be interesting to see how Tribeca amplifies their chime. A top U.S. film festival, Tribeca has long served as a kind of industry nexus, platforming big-studio movies beside indies. The festival has also proven a conduit for filmmakers to go from newcomer to big deal.

Persons: lassos, Robert De Niro, “ I’ve, ”, Mario Van Peebles’s, Mary, Kate, Ashley Olsen, Nia DaCosta, ” She’s Organizations: Tribeca, Writers Guild, New, Disney Locations: Lower Manhattan, Tribeca

☆ Revolut's US CEO outlined the threat Apple's new high-yield savings account poses to neobanks
▼ + stars: | 2023-05-17 | by ( Paige Hagy | ) www.businessinsider.com time to read: +3 min

The CEO of at least one digital bank is keeping an eye on Apple's new high-yield savings account. The Big Tech giant launched a savings account with a 4.15% annual percentage yield (APY) through its partnership with Goldman Sachs on April 17. In its first four days of launch, it brought in nearly $1 billion in deposits, according to reporting by Forbes. The savings account is only available to people who have Apple Card — Apple's credit card — but the account has no minimum deposit or balance requirement. Apple's savings account beats this average by tenfold.

☆ London's Big Ben fails to bong as clock briefly stops
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +1 min

[1/2] The Elizabeth Tower of the Houses of Parliament, commonly known as Big Ben, is seen in London, Britain, June 30, 2022. REUTERS/John SibleyLONDON, May 10 (Reuters) - London's famous Big Ben bell failed to chime on Wednesday when the dials of the Great Clock at Britain's Houses of Parliament briefly stopped working. "We are aware that the clock dials on the Elizabeth Tower were temporarily displaying the incorrect time on Wednesday afternoon," a spokesperson for parliament's lower house, the House of Commons, said. "Clock mechanics worked quickly to rectify the issue and the clock is now functioning as normal." The 13-tonne Big Ben bell was largely silenced for five years while a major restoration of the Elizabeth Tower took place, with the so-called 'bongs' finally resuming regular service in November 2022.

☆ SVB fallout hasn't taken away from bank credibility, says Chime founder and CEO
▼ + stars: | 2023-05-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSVB fallout hasn't taken away from bank credibility, says Chime founder and CEOChris Britt, Chime founder and CEO, joins 'Squawk on the Street' to discuss what makes Chime different from other financial technology companies, if rising bank credibility concerns are bad for Chime and how AI will impact Chime's business going forward.

Reuters interviews with Kar and a dozen other voters in Antakya reflected anger over what some viewed as a slow initial government response to the disaster. The voices are a small snapshot of Antakya and the wider area of southern Turkey hit by the earthquake, a region home to nine million voters and traditionally an Erdogan stronghold. Only 4.3% of voters viewed the quake as Turkey's biggest problem last month, with most more concerned by an economy racked by rampant inflation. Nearby, excavators resound as they demolish some of the 80-90% of buildings estimated to have suffered quake damage. The opposing sides present very different narratives about Erdogan and his government's response to the disaster.

☆ Fintech CEO Chris Britt of Chime on reasons Americans don't trust banks
▼ + stars: | 2023-05-09 | by ( Ian Thomas | ) www.cnbc.com time to read: +1 min

The disruption of traditional bricks-and-mortar banks by fintech companies was already occurring when the pandemic sent startups offering banking services faster, cheaper, and more digitally accessible into overdrive. A rush of venture capital followed, with fintech companies raising more than $130 billion in 2021 alone, creating more than 100 new unicorns, or companies with at least $1 billion in valuation. Legacy banks have seen their efforts to disruptor these disruptors fall short of expectations – for example, Goldman Sachs recently pulled back on its fintech ambitions. But Chris Britt, CEO of Chime, which ranked No. "Big banks do a pretty good job with high income, high FICO score folks who have big deposits and are credit worthy, but for most Americans, the 65% that live paycheck to paycheck, the only way that big banks can make the math work on serving them is by being very punitive on fees."

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