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New York CNN —Ford has recalled more than 870,000 of its full-sized F-150 trucks because the electronic parking brake could engage unexpectedly at any time, including while the vehicle is being driven. In some of the trucks, a wiring harness can rub against the rear axle housing, gradually wearing away insulating material on the wires. The dealer will install a protective tie strap and tape wrap to the wiring harness and will also replace the wiring harness, if needed. Ford (F) opened an investigation into this issue in late February following a number of complaints of unintended parking brake application in 2021 model year trucks. So far, Ford is aware of 299 instances of the parking brake activating unintentionally and 19 of those incidents occurred while the vehicle was being driven.
Persons: New York CNN — Ford, Ford Organizations: New, New York CNN, National, Ford, NHTSA Locations: New York, Ford
A woman behind the wheel of a self-driving Uber that hit a pedestrian has been in legal limbo ever since. The operator faced negligent homicide charges after a 2018 crash killed 49-year-old Elaine Herzberg. A guilty plea entered Friday offered an answer to the once-hypothetical ethics question of who is responsible when a self-driving car kills a pedestrian. Rafaela Vasquez, who was behind the wheel of a self-driving Uber SUV that struck and killed a pedestrian in March of 2018, pleaded guilty to endangerment related to the case, avoiding prison time. The victim, 49-year-old Elaine Herzberg, was the first known pedestrian fatality related to a fully autonomous vehicle crash.
Persons: Uber, Elaine Herzberg, Rafaela Vasquez, AP Vasquez, Joshua Brown of, carmakers Organizations: Morning, National Transportation, AP, New York Times, Tempe Police, of Transportation Locations: Maricopa County, Tempe , Arizona, Joshua Brown of Canton , Ohio
Ford is recalling thousands of F-150 trucks over a potentially dangerous parking brake malfunction. At least 19 drivers said the parking brake activated while they were driving, the company said. Ford is recalling hundreds of thousands of its iconic F-150 trucks after customers reported malfunctions with the brakes. Some said the parking brake activated while they were driving their trucks, the Associated Press reported on Friday. There will be no charge for this service," the Recall Report said.
Persons: Ford, Ford's Organizations: Associated Press, Ford, National, Traffic Safety Administration Locations: North America
Companies Ford Motor Co FollowWASHINGTON, July 28 (Reuters) - Ford Motor (F.N) said Friday it is recalling 870,000 F-150 trucks in the United States because of the risk of an unexpected activation of the electric parking brake due to a potential wiring issue. The recall covers 2021 through 2023 model year F-150 trucks, according to a filing with the National Highway Traffic Safety Administration (NHTSA). It covers trucks equipped with a single exhaust system. Contact with the rear axle housing may damage the wiring harness, causing the electric parking brake to activate unexpectedly, the automaker said. Of those, 299 indicated the electric parking brake had activated unintentionally including 19 while driving.
Persons: Ford, David Shepardson, Nilutpal, Varun, Susan Fenton Organizations: Ford, National, Traffic Safety Administration, Thomson Locations: WASHINGTON, United States, North America, Washington, Bengaluru
Elon Musk, Tesla boss, runs to a Tesla at the Tesla Gigafactory construction site. The California attorney general's office is investigating Tesla , seeking information from customers and former employees about Autopilot safety issues and false advertising complaints, CNBC has learned. Wester isn't the only Tesla customer to be contacted by analysts with the attorney general's office after voicing safety and related concerns. The person had previously voiced concerns about Autopilot and FSD safety issues at Tesla and publicly. While the company has previously identified "requests from the DOJ for documents related to Tesla's Autopilot and FSD features," Tesla has not disclosed that the California attorney general was investigating the company.
Persons: Elon, Tesla, Greg Wester, Wester, Rob Bonta's, Musk, It's Organizations: CNBC, Tesla, Federal Trade Commission, FTC, California, FSD, Consumer Sentinel Network, National, Traffic Safety Administration, National Transportation Safety Board, SEC, Department of Justice, The California Department of Motor Vehicles Locations: Grünheide, Berlin, California, U.S, Fremont, Austin , Texas, Palo Alto , California
Ron DeSantis of Florida was involved in a car crash in Chattanooga, Tenn., on his way to a fund-raiser there on Tuesday, according to his spokesman, who added that Mr. DeSantis was unhurt. “This morning, the governor was in a car accident while traveling to an event in Chattanooga, Tenn.,” Bryan Griffin, a spokesman for Mr. DeSantis’s presidential campaign, said in a statement. “He and his team are uninjured. We appreciate the prayers and well wishes of the nation for his continued protection while on the campaign trail.”A spokesman for the Chattanooga Police Department said that Mr. DeSantis’s four-car motorcade was traveling on Interstate 75 on Tuesday morning when traffic suddenly slowed, causing the lead vehicle to brake sharply and resulting in a pileup. Only vehicles in the governor’s motorcade were involved, and the police were called around 8:15 a.m., according to the police spokesman, Kevin West.
Persons: Ron DeSantis, DeSantis, ” Bryan Griffin, DeSantis’s, Kevin West Organizations: Chattanooga Police Department Locations: Florida, Chattanooga , Tenn
When Austin Russell was a 17-year-old high school student, he founded Luminar Technologies, which makes laser sensors that can help self-driving cars detect nearby objects. Now 28, Russell is the world's youngest self-made billionaire, according to Forbes, as Luminar competes with major companies like Tesla and Alphabet's Waymo. But self-driving cars aren't exactly commonplace on American roads, meaning Russell and Luminar have a lot of work ahead of them, despite their lofty valuations. How it differs from Tesla's approachElon Musk's Tesla also seeks to popularize self-driving cars, and Musk's approach to the technology is entirely different. Lidar could potentially change that, Russell says: Cameras can be helpful "for certain use cases," but lidar is "a huge step forward."
Persons: Austin Russell, Russell, Waymo, , Luminar, Elon Musk's Tesla, Mario Herger, Herger, Tesla Organizations: Luminar Technologies, CNBC, Forbes, Benz, Volvo, Stanford University, Thiel, Washington Post Locations: Orlando , Florida, U.S
Austin police ruled an AA worker was killed in April by accident, per the Austin American-Statesman. The tug that killed Michal Ingraham was in an incident 10 days before his death, per the report. An AA investigator had argued that Ingraham's death was a suicide, according to the newspaper. An American Airlines employee who died in April when he was involved in a crash on the airport tarmac was found to have been killed by accident, after a corporate investigator for the airline suggested it may have been a suicide, a report says. Both the Travis County medical examiner and police concluded that the worker had been killed by accident, per the report.
Persons: Austin, Michal Ingraham, Lynn, Ingraham's, Menzies, Menzies didn't Organizations: Austin American, Statesman, AA, Morning, American Airlines, Austin, Bergstrom International Airport, Police, Occupational Safety, Health Administration, OSHA, Austin Police Department Locations: Travis
What’s ahead this week for Wall Street and the economy
  + stars: | 2023-07-23 | by ( Krystal Hur | ) edition.cnn.com   time to read: +5 min
Case Shiller house price index for May and consumer confidence for July from the Conference Board. Earnings reports from AT&T, Boeing, Meta Platforms, Mattel, Stellantis and Chipotle Mexican Grill. Earnings reports from Coca-Cola, Mondelez, Honeywell, Keurig Dr Pepper, Royal Caribbean, Anheuser-Busch Inbev, Southwest Airlines and Hershey. Friday: Personal Consumption Expenditures price index for June, Employment Cost Index for the second quarter and University of Michigan consumer sentiment for July. Earnings reports from Procter & Gamble, Chevron and Exxon Mobil.
Persons: Jerome Powell, David Smith, Powell, Christopher Waller, , Dustin Thackeray, Tesla, Chris Isidore, , Case, Dr Pepper Organizations: CNN Business, Bell, CNN, Fed, Traders, Rockland Trust, Big Tech, Microsoft, Meta, Crewe Advisors, Nasdaq, Netflix, Safety, Health Administration, doesn’t, Biden Administration, Bureau of Labor Statistics —, Ryanair, Federal Reserve, Conference Board, General Motors, Daniels, Midland, Verizon, PacWest, Boeing, Mattel, Honeywell, Anheuser, Busch Inbev, Southwest Airlines, Hershey, University of Michigan, Procter & Gamble, Chevron, Exxon Mobil Locations: Rockland, American, United States, PacWest Bank, Royal Caribbean
But prison patrol dogs aren't deployed for chases; they are used inside the prison walls. Tri-State Canines training facility, Warren, OhioVirginia Department of Corrections patrol dogs are typically Belgian Malinois, Czech shepherds, or German shepherds. Department patrol dogs are trained to bite once and hold to minimize flesh tears and lacerations. Patrol dog kennels, Virginia Department of CorrectionsThe patrol dog kennels are even smaller, at 6 feet by 10. A veterinary technician who treated patrol dogs at a clinic in Lebanon, Virginia, said she was told not to touch the patrol dogs in her care without their handler present.
Persons: Santos Cardona, Michael Smith, Smith, Marco, crouch, Mohammed Bollendia, protectively, Ashraf Abdullah Ahsy, Ivan L, Frederick II, Cardona, Abu, John Ketzer, Ketzer, Michael J, Donald Rumsfeld, Rumsfeld, Abu Ghraib, Lane McCotter, Gary DeLand, Terry Bartlett, Richard Billings, Larry DuBois, John Armstrong, Terry Stewart, Charles Ryan, Ryan, Stewart, Adrian Duran, cradled, Duran he'd, Duran, Blackie, growled, he'd, It's, extractions, they're, Jerko, Jeremy Defour, Bert, Antwon Whitten, Virginia, Peter C, Meade, , Oikeutta eläimille, Dave Blosser, Blosser, Eli Hiller, he's, Matthew Johnson, Oscar, Johnson, Oscar growled, Boris, Cajos, Linwood Mathias, Lucas Pruitt, Mathias, Xavia Goodwyn, sicced Lojzo, Edris, Michael Watson, Watson, Thomas Rose, Rose, Goodwyn, Red, Rick White, Ron Angelone, Wallens, Tyler Parry, Charlton Yingling, Parry, Eugene, Bull, Connor, Bill Hudson, Yingling, Solomon Northup, Solomon, Walter Gadsden, Malcolm X, Michael Brown, Ferguson, They're, Jeffery, White, Curtis Garrett, Garrett, Kathleen Dennehy, Dennehy, Aaron Fedor, Jimmy Stanley, Dora Schriro, Schriro, Omar, Dionisio Paulino, Paulino, Robert Silva, Adrian Duran's, Adrian Duran Duran, Adrian, unwound, Sussex II, Whitten, Western District of Virginia Jeremy Defour, Defour, Kenneth Licklider, Chris Robbins, Rivan, she'd, They've, Stephen McReynolds, McReynolds, Daniel Clinton, Tom, Clinton, basketballs, Clinton's, Fuga, Jamie Elliott, Elliott, Duran couldn't, Bodhi, Jamie, Jawan Lee, Lee, Lee's Organizations: US, Business, Associated Press, Department of, Rights, Department, Justice, Department of Justice, Virginia Department of Corrections Police, Human Rights Watch, Virginia Department of Corrections, University of Virginia School of Law, Sussex II, Police, Kern Medical, Arizona Department of Corrections, Rehabilitation, The Indiana Department of Correction, Delaware Department of Correction, South, New Jersey Department of Corrections, Tri, Warren , Ohio Virginia Department of Corrections, State Canine Services, Court, Western District of, Red, View Regional, Onion, North Correctional Center, Corrections, Goodwyn, FBI, Ku Klux Klan, Human Rights, University of Nevada, University of Louisville, AP, Breeders, Ferguson Police Department, Souza, Baranowski, Commonwealth, Baranowski Correctional, Prentice, Black, United States, District, Massachusetts, Housing, Virginia Commonwealth University Health, Virginia, Housing Unit, Patrol, Southwest, Southwest Virginia Veterinary Services Locations: Abu Ghraib, Iraq, Belgian, Baghdad, Abu, United States, New Mexico, Utah, DeLand, Billings, Bartlett, Arizona, DuBois, Massachusetts, Armstrong, Connecticut, Arizona , Connecticut, Delaware , Indiana , Iowa , Massachusetts , New Jersey, Virginia, Alexandria , Virginia, Los Angeles, backyards, Sussex, lunging, Indiana, Richmond , Virginia, Iowa, Augusta, Ridge, New Jersey, South Woods, Warren ,, Czech, Europe, , Virginia, Western District, Western District of Virginia, Warren , Ohio, Holland, Tri, Canton , Ohio, Wallens, Onion, Red Onion, View, Norton , Virginia, Portsmouth , Virginia, Kentucky, Birmingham , Alabama, Las Vegas, Americas, Caribbean, American, Ferguson , Missouri, Lancaster , Massachusetts, Richmond, Lebanon , Virginia, Southwest Virginia, Lebanon, Waverly , Virginia, chihuahua
[1/2] Logo of the Maiden Pharmaceuticals Ltd. company is seen on a board outside their office in New Delhi, India, October 6, 2022. REUTERS/Anushree Fadnavis/File PhotoCompanies Maiden Pharmaceutical Ltd FollowBANJUL, July 21 (Reuters) - Gambia's government is "far advanced" in exploring avenues for potential legal action against Indian drugmaker Maiden Pharmaceuticals and a local distributor over toxic cough syrups believed to have killed dozens of children, it said on Friday. The small West African country has hired a U.S. law firm to explore legal action, the justice minister previously told Reuters. The Indian drugmaker Maiden Pharmaceuticals has denied wrongdoing, and the Indian government says that tests it conducted on the drugs showed they were not contaminated. The World Health Organization said last year that the India-made cough syrups contained lethal toxins ethylene glycol and diethylene glycol – commonly used in car brake fluid and other products not fit for human consumption.
Persons: Anushree, syrups, Pap, Nellie Peyton, Louise Heavens, Matthew Lewis Organizations: Maiden Pharmaceuticals Ltd, REUTERS, Maiden Pharmaceutical, Indian, Pharmaceuticals, Medicines Control Agency, MCA, Reuters, Atlantic Pharmaceuticals, Government of, World Health Organization, World Bank, Thomson Locations: New Delhi, India, BANJUL, Gambia, Government of India, Banjul
LONDON, July 20 (Reuters) - The European Union said on Thursday it has reached a deal on revising its rules for managers of hedge funds and other alternative investments, easing industry fears of a post-Brexit crackdown on managers in London. Representatives of EU states and the European Parliament reached the deal overnight to update the bloc's Alternative Investment Fund Managers Directive (AIFMD) rules that cover investments in hedge funds, private equity, private debt funds and real estate funds. Under the agreement, European asset managers will have to disclose more details to regulators about their investments with private funds in the United States, Britain and other non-EU countries. But it stops short of toughening up "delegation" rules for managers outside the EU that pick assets for funds listed in the bloc. The agreement includes new rules on funds that issue new loans, including higher requirements to keep money aside to cope with liquidity demands in stressed markets.
Persons: Taggart Davis, Davis, Jiri Krol, AIMA, Deborah Zurkow, Nell Mackenzie, Huw Jones, Dhara Ranasinghe, Sharon Singleton Organizations: European Union, European, Investment, European Commission, Collective Investment, Securities, EU, Alternative Investment Management Association, Alternative Credit Council, Allianz Global Investors, Thomson Locations: London ., United States, Britain, London, Luxembourg, Dublin, Europe
Divisions between Democrats and Republicans have expanded far beyond the traditional fault lines based on race, education, gender, the urban-rural divide and economic ideology. The Democrats no longer apologize for challenging traditional hierarchies and established pathways. Republicans see a world changing around them uncomfortably fast and they want it to slow down, maybe even take a step backward. It’s just something we are going to have to live with until a new set of issues rises to replace this set. Toward the end of the 20th century, Republicans moved rightward at a faster pace than Democrats moved leftward.
Persons: Marc Hetherington, Hetherington, revel Organizations: Republicans, University of North, Democrats, rightward, Republican Locations: University of North Carolina, America, leftward
US opens special probe into fatal Tesla crash
  + stars: | 2023-07-18 | by ( David Shepardson | ) www.reuters.com   time to read: +3 min
[1/2] Tesla Model 3 vehicles are shown for sale at a Tesla facility in Long Beach, California, U.S., May 22, 2023. Since 2016, the U.S. auto safety regulator has opened more than three dozen Tesla special crash investigations in cases where systems such as Autopilot were suspected of being used, with 22 crash deaths reported through Tuesday. The Tesla driver suffered serious injuries and two other Tesla passengers suffered moderate injuries. A local California fire department said a Tesla struck one of its fire trucks and that the Tesla driver was pronounced dead at the scene. The other investigation in March involves a 2022 Tesla Model Y that struck and seriously injured a 17-year-old student who got off a school bus in North Carolina.
Persons: Mike Blake WASHINGTON, Tesla, David Shepardson, Doina Chiacu, Chizu Nomiyama, Deepa Babington Organizations: Tesla, REUTERS, Traffic Safety Administration, Subaru Impreza, Patrol, Subaru, California Highway Patrol, NHTSA, Thomson Locations: Long Beach , California, U.S, California, South Lake, Contra Costa County , California, North Carolina
Weeks later, Mr. Trump is the former President Trump. Instead, in a brief televised address shortly before 2:30 a.m., Mr. Trump furiously laid down his postelection lie. For weeks, Mr. Trump had been peppering him with tips of fraud that, upon investigation by federal authorities, proved baseless. The cavalry “is coming, Mr. President,” Kylie Kremer tweeted to Mr. Trump on Dec. 19. On Jan. 15, Mr. Trump acquiesced to an Oval Office meeting with Mr. Lindell, who arrived with two sets of documents.
Persons: Donald J, Trump, Joseph R, Biden, Justin Clark, Rudolph W, Giuliani, Clark, Weeks, Mitch McConnell, McConnell, Jared Kushner, McConnell’s, Biden’s, William P, Barr, Mr, Trump’s, Sidney Powell, Lin Wood, sleuths, MyPillow, Mike Lindell, Patrick Byrne, Stephen K, Bannon, Michael T, Flynn, platformed, Jared Taylor, Enrique Tarrio, Doug Mills, Eric, “ We’re, , Fox, Eric Trump, Newt Gingrich, Joe Biden’s, Kevin McCarthy, Laura Ingraham, Obama, Dennis Montgomery, Thomas McInerney, McInerney, John McCain, Bannon’s, “ it’s, Paul Gosar, Doug Ducey, Roy Blunt of, Roy Blunt, Anna Moneymaker, , , ” Mr, Mark Meadows, Josh Holmes, Kushner, — Mr, Mitt Romney, Lisa Murkowski, Lindsey Graham, Sean Hannity, Lindsey Graham of, Sean Hannity’s, — I’ve, Let’s, Graham, Pat A, Axios, Brendan Smialowski, “ Hannity, Thomas, Jenna Ellis, Matt Morgan, Al Gore, George W, Bush, Brooks, Stefan Passantino, Powell, Lynsey Weatherspoon, Gore, William H, Rehnquist, Giuliani —, Kris Kobach, Mark Martin, Lawrence Joseph, Kobach, Uncle Sam, Mr . Biden, Ken Paxton, Jeffrey M, Landry, Paxton, Kyle D, Hawkins, Jacquelyn Martin, Joseph, Richard L, Chris Carr, Carr, Mike Johnson of, Mike Johnson, McCarthy, Privately, Ted Cruz of, John Sauer, , ” James E, Nicolai, North, Wayne Stenehjem, Stenehjem, Wayne, Tasos Katopodis, MAGA, Marjorie Taylor Greene, Marsha Blackburn of, Ms, Blackburn, Amy Kremer, Ann Stone, Roger Stone, Amy Coney Barrett, Kremer’s, Kylie Jane Kremer, Jennifer Lawrence, Dustin Stockton, Lawrence, Stockton, I’ve, Lindell, they’d, Taylor, Greg Locke, Covid, Michael McKinney, Tucker Carlson, Carlson’s, “ Donald Trump, ” Ms, Meadows, Georgia runoffs, Byrne, Cipollone, he’d, Martin, Mike Pence, reconvene, ” Kylie Kremer, James Yeager, Kylie Kremer, Yeager’s, Lawrence whooped, John Kennedy, James Lyle, Josh Hawley, “ You’ve, Lyle, Couy Griffin, Kennedy, Pete Marovich, Kremer, Julie Jenkins Fancelli, Alex Jones, Caroline Wren, Kimberly Guilfoyle, Donald Trump Jr, Katrina Pierson, Brad Raffensperger, Jeffrey A, Rosen, Department’s, Jeffrey Clark, Scott Perry, Hawley, Cruz, Year’s, Tom Cotton of, Cotton, Cindy Chafian, Chafian, Jones, Stone, Locke, Jan, “ You’ll, Gosar, Griffin, Robert O’Brien, I’m, ’ ”, Kenny Holston, Donald Trump, ” Mark Walker, Ben Margot, Stefani Reynolds, Samuel Corum, Erin Schaff, David J, Ted Cruz, John Bazemore Organizations: Twitter, Dominion Systems, Trump, Biden, Dominion, New, New York City, The New York Times, Senate, New York, Republican Party, Capitol, White, Times, The Times, America News Network, Fox, America, Boys, New York Times, American, Air Force, Electoral College, Republicans, Joe Biden’s Democratic Party, Republican, Facebook, Democrats, Associated Press, “ Fox & Friends, White House, West Wing, , Federal Bureau of Investigation, Veritas, Justice Department, Postal Service, York Daily, Agence France, Zignal Labs, Amistad, Thomas More Society, Mr, Electoral, Supreme, Lawyers, General Association, Associated, State, University of California, Republican House, Women, Tea Party, Trump -, Breitbart, of, Credit, SPAN, Tea Party Express, Republican National Committee, Internet, Army, Des Moines Register, Marine, General Services Administration, Swedish, Cowboys, Capitol ., Street Journal, Save, General Association ., Law Defense Fund, Freedom, Coalition, Proud Boys, Willard, Homeland Security, Party, Getty, Georgia Electoral College Locations: Detroit, Arizona, Georgia, New York, America, China, Trump, Grand Rapids, Mich, Philadelphia, Atlanta, Milwaukee, Santa Cruz ,, Arizona —, Russia, North Vietnam, United States, Roy Blunt of Missouri, Kentucky, Utah, Alaska, Lindsey Graham of South Carolina, Erie, Pa, Pennsylvania, Long, Bush, Florida, tightest, Kansas, North Carolina, Ken Paxton of Texas, Texas, State of Texas, Michigan, Wisconsin, Irvine, Mike Johnson of Louisiana, Ted Cruz of Texas, Missouri, Washington, Marsha Blackburn of Tennessee, Trump’s, Hudson, Stockton, Tennessee, Des Moines, Meadows, White, fistfights, Nashville, West Monroe, La, Louisiana, drumbeating, Tom Cotton of Arkansas, Delaware
It was shown in May and in fuller Phase 3 clinical trial results released at the Alzheimer’s Association International Conference on Monday to delay the disease’s progression. More than 6 million Americans are estimated to have Alzheimer’s disease, with about 1 million estimated to be in the early symptomatic stages where these drugs have shown benefit. Both Leqembi and donanemab work by clearing buildups of a protein in the brain called amyloid, a hallmark of Alzheimer’s. It’s been a hypothesis that treating Alzheimer’s earlier with amyloid-clearing drugs would yield better results; Skovronsky said the donanemab trial bore that out. “We could look at people who had mild cognitive impairment, MCI, which is the earliest stage, versus mild Alzheimer’s versus moderate Alzheimer’s,” Skovronsky explained.
Persons: Leqembi, Eli Lilly’s donanemab, Lilly, “ Donanemab, Jennifer Manly, Kacie, , Dr, Gil Rabinovici, Renaud La Joie, Daniel Skovronsky, , Skovronsky, ” Skovronsky, It’s, Eric Widera, Sharon Brangman, University of Wisconsin’s Dr, Nathaniel Chin, Donanemab, Lilly hasn’t, Lawrence Honig, Honig, White, Sanjay Gupta, Deters, ” Lilly, it’s “, it’s, there’s, Joe Montminy Organizations: CNN, Alzheimer’s Association, Food and Drug Administration, American Medical Association, Columbia University Irving Medical Center, University of California, MCI, SUNY, University of Wisconsin’s, Leqembi, FDA, donanemab, CNN Health, ” Manly Locations: Los Angeles,
Driving a Tesla means no more oil changes and frequent upkeep. A Tesla will never need an oil change and requires less upkeep overall. Hum Images/Universal Images Group via Getty ImagesSome Tesla owners say they've gone years without bringing their EV into a repair shop. Meanwhile, an electric car will never need an oil change, new fuel filter, spark plugs, or emission checks. Many Tesla owners said the only times they visited service centers were for issues that were covered by the carmaker's warranty or for collisions.
Persons: Tesla, they've, Elon Musk, I've, Robbie Mack Organizations: Getty, ICE, Consumer
Now, especially after the sturdy June jobs report as week ago and the reassuringly cool CPI print on Wednesday, this is something closer to the prevailing view. The market all year has been acting as if inflation and the Fed's aggressive war against it were mostly 2022 problems. The wobble in early July after a blockbuster ADP employment report sent Treasury yields flying was over in a day. Passing these tests, and now having seen market strength broaden significantly since the end of May, belief is replacing doubt. And last quarter, the S & P went choppily sideways for the first month of reporting season.
Persons: it's, what's Organizations: Federal, Treasury, Investment, National Association of Active Investment, Deutsche, Nasdaq, Bulls, Wall, & $ Locations: what's
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Tesla CEO Elon Musk said on Friday that he plans for his newest venture, the artificial intelligence startup xAI, to collaborate with the automaker both on the "silicon front" and on the "AI software front." Musk also said, during Friday's live audio session on Twitter Spaces, that xAI will use Twitter data for training the "maximally curious" artificial intelligence systems and products he hopes to build there. Musk did not specify whether and how much Twitter will charge xAI or his other companies for its data. A Tesla fan and promoter, Omar Qazi (known as Whole Mars Catalog on Twitter) asked Musk a few questions about how he plans for xAI to work with Tesla during the Spaces event.
Persons: Elon Musk, Musk, Twitter, Tesla, Omar Qazi, Walter Isaacson, Jonathan Vanian Organizations: Twitter, SpaceX, U.S . Securities, Exchange, Alpha, Nvidia, Optimus, Tesla Locations: Texas
U.S. to decide on GM request to deploy self-driving cars
  + stars: | 2023-07-12 | by ( ) www.cnbc.com   time to read: +2 min
U.S. regulators will soon decide on a petition filed by General Motors ' Cruise self-driving technology unit seeking permission to deploy up to 2,500 self-driving vehicles annually without human controls, a top auto safety official said on Wednesday. The petition, filed in February 2022, seeks government approval to deploy vehicles annually without steering wheels, mirrors, turn signals or windshield wipers. National Highway Traffic Safety acting Administrator Ann Carlson said Wednesday the agency "will issue a decision "in the coming weeks." Cruise wants to deploy its Origin vehicle, which has subway-like doors and no steering wheels. The NHTSA said Cruise vehicles "may engage in inappropriately hard braking or become immobilized."
Persons: Ann Carlson, " Carlson, Cruise, Carlson Organizations: General Motors, Traffic, Chevrolet Bolt, GM, NHTSA, U.S . House Locations: San Francisco
He said “cars like the Duesenberg have a cult following among those who simply must have the best of the best, but they tend to be viewed as more of a museum piece than a driver’s car.”“Vintage European cars deliver a more sophisticated driving experience and are therefore used more regularly by their owners,” said Mr. Hyman, who also noted that there were many opportunities for owners of 1930s Bentleys and Alfa Romeos to take part in organized tours and rallies that push the cars quite hard, but fewer such opportunities exist for high-end American classic cars. “Usability is a driver of value, and vintage European cars tend to be more sporting, they handle and brake more like modern cars, and people will pay more because of this,” he said. One exception is the Cord 810/812. “When they’re properly sorted out, they’re fast, and they handle very well, but the number of people who understand and support these cars is a fraction of what you see in the vintage Bentley world, and this in turn negatively affects usability and value,” Mr. Hyman said.
Persons: , Hyman, Romeos, Mr Organizations: Bentley Locations: American
On the job market, indications like the latest jobs report — which showed that fewer Americans are getting hired — can be interpreted as bad news. As of the latest Job Openings and Labor Turnover Survey, or JOLTS, there were 1.6 jobs available for every job seeker — or more than 3 million job openings than people searching for jobs. What’s good news for investorsInvestors are searching for signs that the Federal Reserve will stop hiking interest rates, or better yet, cut them. When the Fed raises interest rates it raises the cost of doing business for companies who rely on outside funding. That’s because interest rates on loans tend to rise in tandem with increases in the Fed’s benchmark interest rate.
Persons: , It’s, that’s, , Sean Snaith, Snaith, Jerome Powell, Kermit Schoenholtz, Powell Organizations: New, New York CNN, Federal, Fed, Institute for Economic, University of Central, Labor, Survey, Kermit Schoenholtz , New York University, Citigroup, CNN, Investors, Federal Reserve Locations: New York, University of Central Florida, Kermit Schoenholtz , New
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
Rolls-Royce's first electric car, the $420,000 Spectre, has arrived. Those taillightsRolls-Royce says the taillights look like "islands in a lake." Look closely at the Spectre's taillights and you'll notice they're single, uninterrupted parts, plunged into a smooth, uninterrupted body panel. The Spectre's grille pushes air around the car instead of sucking it in. A pink Rolls-Royce Spectre.
Persons: Torsten Müller, Ötvös, Royce, Anders Warming, we've, Royce What's Organizations: Royce
Tesla must send extensive new records to the National Highway Traffic and Safety Administration as part of an Autopilot safety probe — or else face steep fines. The agency initiated an investigation into Autopilot safety in 2021 after it identified a string of crashes in which Tesla vehicles using Autopilot had collided with stationary first responders' vehicles and road work vehicles. Instead, Tesla vehicles require a driver behind the wheel, ready to steer or brake at any time. The company's FSD Beta consists of driver assistance features that have been tested internally but have not been fully debugged. Tesla uses its customers as software and vehicle safety testers via the FSD Beta program, rather than relying on professional safety drivers, as is the industry standard.
Persons: Elon Musk, Porte, Tesla, Ronald Belt, Lars Moravy Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, National, Safety Administration, Beta, Cruise, FSD Beta, NHTSA Locations: Paris, France, U.S
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