Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Brake"


25 mentions found


"Further progress is likely to become more difficult as base effects fade, and supply-constraints could drive global energy and food prices higher again." Brent crude prices have risen 27% since mid-year and U.S. crude is up 30%, with U.S. retail pump prices already up almost 10% so far since June. Oil and inflation expectationsReuters GraphicsSLOWING DESCENTAnd alongside creeping worries about rising debt supply, the long end of bond markets has been rattled again by the oil price jump. And this has been a far bigger influence on the inflation trajectory than oil prices per se. Yet, restive crude prices will still cloud a messy and tricky battle with inflation expectations just as policy tightening cycles near an end.
Persons: Brent that's, Christian Keller, Akash Utsav, Andrew Goodwin, there's, George H.W, Jamie Freed Organizations: Brent, UBS, Organization for Economic Cooperation, Development, Barclays, Federal Reserve, European Central Bank, Bank of England, U.S, Treasury, Oxford, Monetary Fund, Reuters Graphics Reuters, Reuters, Thomson Locations: Ukraine, Saudi Arabia, Russia, tailwind, U.S, Europe, Britain, West, George H.W . Bush
London CNN —Manchester United shares have plunged more than 19% this week, slashing almost $740 million off the soccer club’s market value, following a UK newspaper report that the club’s US owners would drop an attempt to sell the company, at least for now. The stock fell more than 18% Tuesday in the largest daily decline since United’s IPO in New York in August 2012. According to multiple reports earlier this year, the Glazers were seeking between $7.2 billion and $9.6 billion from potential buyers. In June, Manchester United reported revenue of £481 million ($604 million) for the nine months to March 31, 2023, and an operating loss of nearly £11 million ($14 million). For the full fiscal year, it forecast record revenue of between £630 million and £640 million ($803 million).
Persons: Jim Ratcliffe, Jassim Bin Hamad Al Thani, Glazer, hasn’t Organizations: London CNN — Manchester United, Daily Mail, Labor, Manchester United, CNN, English Premier League, Newcastle Business School, Manchester, Germany’s Borussia Dortmund, Italy’s Juventus Locations: New York, , Frankfurt, Milan
REUTERS/Amr Alfiky Acquire Licensing RightsLONDON, Sept 1 (Reuters) - Credit rating agency Moody's raised its 2023 U.S. economic growth forecast on Friday but cut its estimate next year for China, saying that while the risk of a recession had fallen in the United States, China's challenges were mounting. "We have raised our growth forecast for the United States' economy to 1.9% in 2023 from 1.1% in our May outlook, acknowledging the strong underlying economic momentum," Moody's said in a report. The firm, now the only big three agency to have a top notch triple A rating for the U.S. following Fitch's downgrade last month, kept its 2024 growth forecast at 1%, saying that high interest rates would act as a brake on the economy. Moody's kept its growth projection for this year at 5% but cut its 2024 forecast to 4.0% from 4.5% previously. "We believe that low consumer confidence is holding back household spending, and economic and policy uncertainty will continue to weigh on business decisions".
Persons: Amr Alfiky, Moody's, Marc Jones, Mark Potter Organizations: Liberty, REUTERS, Fed, Aaa, Thomson Locations: Liberty State, Manhattan, Jersey City , New Jersey, U.S, China, United States
Tesla has received a special order from federal automotive safety regulators requiring the company to provide extensive data about its driver assistance and driver monitoring systems, and a once secret configuration for these known as "Elon mode." If the driver leaves the steering wheel unattended for too long, the "nag" escalates to a beeping noise. As CNBC previously reported, with the "Elon mode" configuration enabled, Tesla can allow a driver to use the company's Autopilot, FSD or FSD Beta systems without the so-called "nag." Tesla CEO Elon Musk who also owns and runs the social network X, formerly Twitter, often implies Tesla vehicles are self-driving. His use of Tesla's systems would likely comprise a violation of the company's own terms of use for Autopilot, FSD and FSD Beta, according to Greg Lindsay, an Urban Tech fellow at Cornell.
Persons: Elon Musk, Porte, Tesla, Elon, John Donaldson, Philip Koopman, Koopman, Ann Carlson, Ashok Elluswamy, Greg Lindsay, Grep, Bruno Bowden, Musk Organizations: SpaceX, Twitter, Porte de, CNBC, Traffic Safety Administration, Bloomberg, NHTSA, Automotive, Carnegie Mellon University, California DMV, FSD, Urban Tech, Cornell Locations: Paris, California
A Tesla Model 3 vehicle drives on autopilot along the 405 highway in Westminster, California, U.S., March 16, 2022. NHTSA ordered Tesla to answer questions and produce documents but did not order any changes. "The resulting relaxation of controls...could lead to greater driver inattention and failure of the driver to properly supervise Autopilot," NHTSA said in its letter to Tesla. The agency is investigating the performance of Autopilot after identifying more than a dozen crashes in which Tesla vehicles hit stationary emergency vehicles. It is also investigating whether Tesla vehicles adequately ensure drivers are paying attention when using the driver assistance system.
Persons: Mike Blake, Tesla, inattention, Elon Musk, Hyunjoo Jin, Peter Henderson, Lisa Shumaker Organizations: Tesla, REUTERS, Traffic Safety Administration, NHTSA, Thomson Locations: Westminster , California, U.S
A Tesla Model 3 vehicle drives on autopilot along the 405 highway in Westminster, California, U.S., March 16, 2022. "The resulting relaxation of controls...could lead to greater driver inattention and failure of the driver to properly supervise Autopilot," NHTSA said in its letter to Tesla. The agency is investigating the performance of Autopilot after identifying more than a dozen crashes in which Tesla vehicles hit stationary 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 an earlier probe of 830,000 Tesla vehicles into an engineering analysis - a required step before it could potentially demand a recall.
Persons: Mike Blake, Tesla, inattention, Hyunjoo Jin, Peter Henderson, Lisa Shumaker Organizations: Tesla, REUTERS, Traffic, Administration, NHTSA, Thomson Locations: Westminster , California, U.S
A Tesla Model 3 vehicle drives on autopilot along the 405 highway in Westminster, California, U.S., March 16, 2022. Federal regulators are honing in on the systems Tesla uses to ensure that drivers are paying attention while their vehicle is operating on Autopilot. "The resulting relaxation of controls...could lead to greater driver inattention and failure of the driver to properly supervise Autopilot," NHTSA said in its letter to Tesla. The agency is investigating the performance of Autopilot after identifying more than a dozen crashes in which Tesla vehicles hit stationary emergency vehicles. It is also investigating whether Tesla vehicles adequately ensure drivers are paying attention when using the driver assistance system.
Persons: Mike Blake, inattention, Tesla, Hyunjoo Jin, Peter Henderson Organizations: Tesla, REUTERS, NHTSA, Traffic, Administration, Thomson Locations: Westminster , California, U.S
"We have to ensure that AI remains subject to human control. Generative AI is a type of artificial intelligence technology that can generate content such as text, images, code and more. AI impact on jobsMeanwhile, the explosive growth of AI has workers worrying that their jobs could be replaced by the technology. A Goldman Sachs report in March said generative AI could impact as many as 300 million jobs around the world. The Microsoft executive pointed out that AI is a tool that supplements human work, and not one that replaces jobs.
Persons: Brad Smith, Smith, it's, we've, CNBC's Martin Soong, We've, Goldman Sachs Organizations: CNBC, Tech, Microsoft Locations: New Delhi
Euro zone lending growth slows further as rate hikes bite
  + stars: | 2023-08-28 | by ( ) www.reuters.com   time to read: +1 min
BERLIN, Aug 28 (Reuters) - Growth in lending to euro zone companies slowed again in July, adding to already mounting evidence that sharply higher interest rates are putting a brake on credit creation and economic growth. Lending to firms in the 20-nation currency bloc expanded by 2.2% year-on-year after a 3.0% reading a month earlier, while household credit growth slowed to 1.3% from 1.7% in June, according to an ECB report. Preliminary inflation data for August will be published on Thursday, with analysts polled by Reuters forecasting a decline in inflation to 5.1%. Economic data from PMI surveys in August showed the downturn in euro zone business activity deepened far more than thought this month in a broad-based fall across the region. Economic growth indicators are now pointing to a contraction in the third quarter, despite what could be a record-breaking tourism season.
Persons: Maria Martinez, Rachel More, Hugh Lawson Organizations: ECB, European Central Bank, Reuters, PMI, Thomson
The lawsuit, filed against Tesla by the passengers and Lee's estate, accuses Tesla of knowing that Autopilot and other safety systems were defective when it sold the car. Autopilot failed to brake, steer or do anything to avoid the collision, according to the lawsuit filed by Banner's wife. Tesla denied liability for both accidents, blamed driver error and said Autopilot is safe when monitored by humans. Tesla said in court documents that drivers must pay attention to the road and keep their hands on the steering wheel. "Elon Musk has acknowledged problems with the Tesla autopilot system not working properly," according to plaintiffs' documents.
Persons: Casey, Elon, Musk, Tesla, Micah Lee’s, Lee, Stephen Banner’s, Banner's, Reuters ’, Matthew Wansley, Bryant Walker Smith, Jonathan Michaels, we're, Christopher Moore, Adam, Nicklas, Gustafsson, Elon Musk, Richard Baverstock, Trey, Lytal, Dan Levine, Hyunjoo Jin, Peter Henderson, Grant McCool Organizations: Tesla, China International Consumer Products, REUTERS, FRANCISCO, Tesla Inc, Reuters, Cardozo School of Law, University of South, Thomson Locations: Haikou, Hainan province, China, California, Los Angeles, Florida, Miami, University of South Carolina, San Francisco
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
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
Ford F-150 drivers say they're hearing mysterious crackling noises from the truck's speakers. AdvertisementAdvertisementDrivers of Ford's F-150 pickup trucks say they're facing loud bursts of static and sudden noises over their speakers, according to a report from The Wall Street Journal. A Ford spokesperson confirmed that around 100 complaints have been made to the National Highway Traffic Safety Administration (NHTSA) about the mysterious noises. A spokeswoman for Ford told the newspaper that the company is "working swiftly" to resolve the problem. Meanwhile, Ford has cut prices of its electric F-150 Lightning as demand for electric vehicles cools and competition increases.
Persons: Ford, Phil Floraday, must've, Jim Farley, Farley, Tesla, Elon Musk Organizations: Ford, Morning, Wall Street, National, Traffic Safety Administration, Expedition, Lightning
Economic data in Europe just went from bad to worse
  + stars: | 2023-08-23 | by ( Silvia Amaro | ) www.cnbc.com   time to read: +1 min
An emloyee works on the assembling of a brake caliper for an electric vehicle in Dueren, western Germany. A reading above 50 marks an expansion in activity, while one below 50 marks a contraction. If pandemic months are excluded, the latest numbers point to the lowest reading since April 2013. In terms of the breakdown between services and manufacturing, the former dropped to a 30-month low at 48.3 and the manufacturing PMI rose slightly from 42.7 in July to 43.7 this month. "Considering the PMI figures in our GDP [growth] nowcast leads us to the conclusion that the euro zone will shrink by 0.2% in the third quarter," Rubia added.
Persons: Dow Jones, Cyrus de la, Rubia Organizations: Hamburg Commercial Bank, PMI Locations: Dueren, Germany, Hamburg
Autopilot and Tesla's Full Self-Driving beta feature are also a major plus for relaxing on the road, some drivers said. Chris Walker/Chicago Tribune/Tribune News Service via Getty ImagesAll Tesla models are equipped with the Autopilot feature, which enables a car to steer, accelerate, and brake automatically within its lane. Earlier this year, Model S owner Tim Heckman told Insider the driver assist features were a "lifesaver" on his 6,392-mile road trip. Long trips can take a mental toll," Heckman said at the time, noting that he'sd used Autopilot on previous road trips and discovered he could drive further without getting tired. Zuga told Insider Autopilot is one of several features that he feels make road trips less stressful and safer in a Tesla.
Persons: Chris Walker, Tim Heckman, Heckman, Zuga Organizations: Chicago Tribune, Tribune, Service, Getty, Traffic, Administration, California Department of Motor Vehicles
I got behind the wheel of Rolls-Royce's first electric car, the Spectre. When you buy a Rolls-Royce, you're choosing to spend your hard-earned (or perhaps hard-inherited) money on craftsmanship, exclusivity, and class — not flashy gimmicks. The 2024 Rolls-Royce Spectre. The 2024 Rolls-Royce Spectre. A car that brakes like a chauffeurThe 2024 Rolls-Royce Spectre.
Persons: Elon Musk, Royce, Tim Levin Organizations: Morning, Royce, British
New York CNN —Toyota has issued a voluntary recall for certain 2022 and 2023 Tundra and Tundra Hybrid trucks in its largest recall of 2023. Owners can visit Toyota.com/recall and enter either their VIN number or license plate information to see whether their car is included in the recall. This is the seventh recall involving the 2022 or 2023 Tundra model. Previous recalls included problems with the car’s electronic parking brake system, loose axle nuts, and a software issue with the vehicle’s rearview camera. The most recent Tundra recall was on July 7.
Organizations: New, New York CNN, Toyota, CNN Locations: New York
On Thursday, California regulators voted in favor of expanding robotaxi services across the city. On Thursday, regulators at the California Public Utilities Commission voted 3-to-1 in favor of greenlighting the expansion of robotaxi services across the entirety of San Francisco. This signaled their confidence in the safety of driverless vehicles for more than 800,000 citizens. It is this that will linger in the minds of San Francisco's residents as robotaxis go mainstream in the city. This does, of course, pale in comparison with the number of accidents that take place daily in regular vehicles, but it highlights challenges for driverless vehicles nonetheless.
Persons: Cruise, Prashanthi Raman, hasn't, robotaxis Organizations: Morning, Golden, Traffic Safety Administration, California Public Utilities Commission, General Motors, EV, Cruise, LinkedIn, Reuters Locations: Francisco's, California, San Francisco, Silicon Valley
The National Highway Traffic Safety Administration (NHTSA) is probing a July 19 fatal crash in which the driver of a Tesla died after striking a tractor-trailer truck in Warrenton, Virginia. The Fauquier County Sheriff's Office said the 57-year Tesla driver was killed after the tractor trailer was attempting to turn onto a highway from a truck stop. The Tesla struck the side and went underneath the tractor trailer and the driver was pronounced deceased on the scene. NHTSA last month opened another special crash probe into a July 5 fatal accident in California involving a 2018 Tesla Model 3. Transportation Secretary Pete Buttigieg last month declined to offer an update on the status of the Tesla Autopilot investigation but told Reuters "we're moving as quickly as we responsibly can."
Persons: Tesla, Pete Buttigieg, David Shepardson, Alexandra Hudson Organizations: Tesla, Traffic Safety Administration, Fauquier County Sheriff's, Subaru Impreza, NHTSA, Transportation, Reuters, Alexandra Hudson Our, Thomson Locations: Virginia, Warrenton , Virginia, Fauquier County, U.S, California
But history has shown that inflation is stubborn and can last longer than expected once it becomes elevated and entrenched. "We can feel confident that inflation is moving in the right direction," said Mark Zandi, chief economist at Moody's Analytics. For instance, housing-related costs, which make up about one-third of the inflation index weighting, are dropping. In particular, they don't want to declare 'mission accomplished' too soon," he said Wednesday during an interview on CNBC's "Squawk on the Street." watch nowAt the macro level, the Fed rate hikes have appeared to do minimal damage.
Persons: Mandel Ngan, Dow Jones, Mark Zandi, Zandi, they're, Richard Clarida isn't, Clarida, Joe Biden, Patrick Reilly, Banks, Reilly, John Williams of, Patrick Harker Organizations: AFP, Getty, Federal Reserve, CPI, Moody's, Federal, of Labor Statistics, AAA, Atlanta Fed, CNBC, America Economic Survey Locations: Bethesda , Maryland, John Williams of New York, Philadelphia
Carlos Bonilla, 22, enrolled in a two-year automotive technician training program with Ford. According to Bonilla's tuition bills viewed by Insider, he paid roughly $9,000, and it was not reimbursed. As a result, the ASSET program has incorporated more electric vehicle instruction into its curriculum, a Ford representative told Insider. Even though he's done with the program, Bonilla has had other opportunities to continue his education in the field. He said his dealer paid for him to get a variety of certifications, including one that allows him to work on hybrid and electric vehicles.
Persons: Carlos Bonilla, , Carlos Bonilla Carlos Bonilla, Bonilla, Carlos Bonilla Carlos Bonilla Bonilla, He's, he'll, he's Organizations: Ford, Service, Lincoln, Royal Lincoln, of Labor Statistics Locations: Wall, Silicon, Miami, doesn't
South Korean scientists claim to have made a superconductor, LK-99, that works at room temperature. But electricity that travels along a superconductor barely loses energy along the way. That's the premise behind LK-99, a possible superconductor material that scientists in South Korea say they have devised, which has been dominating headlines and social media posts in the past week or so. To that end, some experts are trying, but this holy grail has eluded scientists for many years, so the prospects are still a long way off, experts told Insider. "So low power energy chips is one major area in chip design."
Persons: Leonard Kahn, Kahn, Edwin Fohtung, Elif Akçalı, Akçalı, it's, Meissner, we're, Siddharth Joshi, Joshi, Navid Asadi, Asadi, Dale Rogers Organizations: Service, Department of Physics, University of Rhode Island's College, Rensselaer Polytechnic Institute, University of Florida, University of Notre Dame, Arizona State University Locations: Wall, Silicon, South Korea
These include 2023 Kia Soul and Sportage vehicles and 2023 and 2024 Kia Seltos models. Last year, owners of nearly 500,000 Kia and Hyundai vehicles were, similarly, warned to park their vehicles away from structures because of a risk of fire. Hyundai and Kia also recalled over 250,000 vehicles in 2022, again warning drivers to park outside, because of the potential for fire from a trailer hitch wiring issue. In a 2021 recall, owners of 380,000 Kia vehicles were also warned to park outside because there was a risk of fire from electronic circuits under the hood. In 2020, Kia recalled 295,000 vehicles because they could catch fire while driving because of fuel leaks.
Persons: Hyundais, Kia Organizations: CNN, Hyundai, Kia, National, Hyundai Motor Group Locations: United States, Canada, South
REUTERS/David GrayLONDON, Aug 3 (Reuters) - Rio Tinto (RIO.L) is finding out just how hard it is to produce low-carbon aluminium. The company's biggest carbon headache is its aluminium business, which last year accounted for 21.1 million metric tons of carbon emissions out of a group total of 30.3 million metric tons. The pilot plant will produce around 6,000 metric tons of alumina per year while cutting carbon dioxide emissions by about 3,000 metric tons per year. Capacity at the low-carbon AP60 smelter, also in Quebec, will be expanded by 160,000 metric tons per year, with commissioning expected in 2026. Rio is investing heavily in recycled aluminium, which can be remelted using just 5% of the power needed to produce virgin metal.
Persons: David Gray, Rio, we're, Jakob Stausholm, Peter Cunningham, Jan Harvey Organizations: Rio Tinto, REUTERS, David Gray LONDON, Queensland Aluminium, Japan's Sumitomo Corp, International Aluminium Institute, Alcoa, Giampaolo, Reuters, Thomson Locations: Rio, Gove, Darwin, Australia's Northern, Pacific, Queensland, Australia, Portland, U.S, Canada, Quebec, North
TEL AVIV—For months now, hundreds of thousands of Israelis have been taking to the streets against Prime Minister Benjamin Netanyahu ’s divisive plans to curb the powers of the country’s Supreme Court. Some call it a struggle for the Jewish state’s soul, casting the battle in almost cosmological terms as they fight to preserve what they say is the only brake against any future authoritarian government.
Persons: Benjamin Netanyahu ’ Locations: TEL AVIV
Total: 25