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U.S. Secretary of State Antony Blinken speaks during a press conference after participating in G7 ministerial meetings in Tokyo, Japan, November 8, 2023. REUTERS/Jonathan Ernst/Pool Acquire Licensing RightsNEW DELHI/WASHINGTON, Nov 8 (Reuters) - U.S. Secretary of State Antony Blinken and Defense Secretary Lloyd Austin will hold talks with India this week that officials say will focus on security challenges in the Indo-Pacific and concerns over China, rather than the wars in Gaza and Ukraine. U.S. officials were moving swiftly to deepen ties with India while pledging support for an investigation into the June killing on Canadian soil, an American official aware of the Indo-Pacific policy said. Both officials spoke on condition of anonymity as they were not authorised to speak to the media. India's ties with the U.S. have grown steadily stronger on several fronts, and it has close strategic links with Israel.

Persons: Antony Blinken, Jonathan Ernst, Lloyd Austin, Subrahmanyam Jaishankar, Rajnath Singh, Narendra Modi's, Joe Biden's, Xi Jinping, Rick Rossow, Rossow, Krishn Kaushik, David Brunnstrom, Trevor Hunnicutt, YP Rajesh, Simon Cameron, Moore Organizations: REUTERS, Officials, Ottawa, Indian, Economic Cooperation, Asia Society, South, U.S, Washington’s Center, Strategic, International Studies, Biden, YP, Thomson Locations: Tokyo, Japan, DELHI, WASHINGTON, India, China, Gaza, Ukraine, New Delhi, Canada, Washington, Asia, San Francisco, South Asia, Israel, Delhi, Russia, Washington and New Delhi, Myanmar, Maldives, Sri Lanka, Nepal

☆ I'm a stylist who dresses tech workers, executives, and surgeons. Here's how to get the quiet luxury look.
▼ + stars: | 2023-11-08 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +6 min

AdvertisementAdvertisementIn her 20 years as a corporate image consultant, Michelle Sterling has styled surgeons, tech workers, executives, investment bankers, and young, aspiring executives. I wanted a more chill life so I went to San Francisco and started working for Emporio Armani again. There weren't that many stylists around, so I was serving San Francisco, New York, Chicago, Miami, Texas, Los Angeles, and Washington, DC. The client came from the Midwest to San Francisco to see me. In San Francisco, you could be wearing an $800 t-shirt and it just looks like something that's $50 or $30.

Persons: Michelle Sterling, —, Emporio Armani, Sterling, he'd, I've, it's, Brunello Cucinelli Organizations: Service, Global, Group, Sterling Style Academy, Express, Armani Exchange, Wellesley College, San, San Francisco Opera, Cartier, Midwest, Porsche, Ferrari Locations: Boston, New York, San Francisco, San Francisco , New York, Chicago, Miami , Texas, Los Angeles, Washington, Beverly Hills, California, Silicon

A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. The source, who declined to be named because the information was confidential, said Intel had made that decision around July. Intel is also expanding its investment in chip packaging in Malaysia, one of Vietnam's main Southeast Asian rivals. "You cannot take for granted that because Intel has already invested here it will invest more," Chung Seck, partner at law firm Baker & McKenzie Vietnam told Reuters. Asked about the possible investment plan at the time, Intel told Reuters: "Vietnam is an important part of our global manufacturing network, but we have not announced any new investments."

Persons: Dado Ruvic, Joe Biden, Biden's, Tran Luu Quang, chipmakers, Chung Seck, Baker, McKenzie, Francesco Guarascio @fraguarascio, Max Cherney, Khanh, Miyoung Kim Organizations: REUTERS, Rights, Intel, U.S, Reuters, Vietnam's, White House, Marvell, McKenzie Vietnam, Thomson Locations: Rights HANOI, Vietnam, China, Taiwan, United States, U.S, Hanoi, Europe, Malaysia, San Francisco, Khanh Vu

☆ WeWork’s bankruptcy could have a painful effect on cities
▼ + stars: | 2023-11-07 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

WeWork’s bankruptcy will increase financial stress on commercial landlords that have rented large chunks of their office buildings to the co-working company. About $270 billion in commercial real estate loans held by banks will come due in 2023, according to Trepp, a commercial real estate data provider. “This is another huge problem for the office market to contend with.”No single tenant can make or break the office market, he said. Around 42% of WeWork’s occupancies are in those three cities, according to CoStar, a commercial real estate data firm. Commercial real estate was hit hard by the pandemic, with fewer people returning to offices and spending money in downtown corridors.

Persons: WeWork, ”, Ermengarde Jabir, Goldman Sachs, Stijn Van Nieuwerburgh, Peter Morgan, ” Alie Baumann, can’t, “, ” Baumann, Van Nieuwerburgh Organizations: New, New York CNN, Silicon Valley Bank, Signature Bank, Columbia Business School, Cities, New York City’s Locations: New York, America, Silicon, New York City, San Francisco, Boston, New York City . New York, NYC, New, United States, Columbia

Most Americans still have to commute every day. Jenn Ackerman for The New York TimesLike a majority of Americans, Ms. Hargreaves was unable to do her work at home. Source: American Community Survey Note: Average commute length for 2020 is not included. The average commute distance changed much less, an indication that commuters are driving faster — but also, more people are driving. “A lot of our choice riders, we're still working to influence them to re-choose transit,” Ms. Tucker said.

Persons: Torie Hargreaves, Jenn Ackerman, Hargreaves, Ms, That’s, Andrea Villanueva, Villanueva, The New York Times “, ” Christopher Wiese, Dr, Wiese, “ There’s, ”, Patricia Mokhtarian, John Goodwin, Rosalind Tucker, we're, Tucker, Aimee Lee, Lee Organizations: Atlanta Washington San, Mo . Chicago Minneapolis New, Mo . Chicago Minneapolis New York City Los Angeles Philadelphia Columbus Denver, The New York Times, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San Francisco Seattle Washington Midnight, Georgia Institute of Technology, Census, New York City –, Philadelphia –, Angeles –, Francisco –, Boston –, Seattle –, Chicago –, Denver –, Kansas City –, Miami –, Houston –, Minneapolis –, Washington –, Austin –, Dallas –, Atlanta –, Charlotte –, Columbus –, Nashville –, Detroit –, BART, area’s Metropolitan Transportation Commission, Labor Department, Atlanta Regional Commission, Lifeline, Chicago Metropolitan Agency for Planning, Regional Transit Authority, % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % Locations: Atlanta Washington San Francisco Boston Kansas City, Mo . Chicago Minneapolis, Mo . Chicago Minneapolis New York, Minneapolis, postpandemic, Atlanta, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San Francisco Seattle, South Minneapolis, North Minneapolis, Boston, Chicago , Kansas City, San Francisco, Washington, New York, Francisco, area’s

Interest rates for long-term borrowing for capital improvements also would be less costly for Pine Tree Power. The anger and frustration from electric ratepayers in Maine is a far cry from the days when Iberdrola bought Central Maine Power, the state’s largest electric utility. The privately operated, nonprofit Pine Tree Power utility would contract with a private grid operator through a competitive bidding process. But Pine Tree Power would face some of the same constraints as CMP and Versant. And, like the existing utilities, Pine Tree Power would have no control over the actual cost of electricity, which comprises about half of consumers' monthly bills.

Persons: Mainers, ”, Timothy Cox, Janet Mills, William Harwood, Seth Berry, Harwood, Ann, Ursula Schryver, Schryver, Mike Jacobs, Jacobs, who's, Christie Decker, “, Decker, Freed, Willy Ritch, ” Al, David Sharp, @David_Sharp_AP Organizations: Central Maine Power, Energy Partners, Democratic Gov, Maine Public, CMP, Nationwide, American Public Power Association, Union of Concerned Scientists, Iberdrola, Maine, Tree, Maine Affordable Energy Coalition Locations: PORTLAND, Maine, U.S, Washington, Tree, Francisco, San Diego, Ann Arbor , Michigan, Rochester , New York, Nebraska, Boston, Wilton, Pine, ” Al Cleveland

A woman looks at a new iPhone 15 Pro and a Huawei Mate 60 Pro as Apple's new iPhone 15 officially goes on sale across China, at an Apple store in Shanghai, China September 22, 2023. Research firm Canalys estimated that overall smartphone sales in China fell 3% in July-September from a year earlier as consumers bought fewer smartphones as an economic recovery was choppy. On the other hand, analysts estimate that Huawei's China smartphone sales grew strongly in the quarter. Apple said on Thursday that its overall sales in China dipped 2.5% but it blamed tough Mac computer and iPad sales for that. Aggressive discounting on the iPhone 15 series in the run up to the annual Singles Day shopping festival by major Chinese online retailers is also encouraging demand.

Persons: Aly, Tim Cook, Apple, Cook, Canalys, Apple's, Huawei's, Yuvraj Malik, Bengaluru ， Stephen Nellis, Yelin, Arsheeya Bajwa, Harshita Varghese, Sayantani Ghosh, Gerry Doyle Organizations: Huawei, Apple, REUTERS, Huawei Technologies, Reuters, Research, HK, Taobao, Pro Max, Qualcomm, Thomson Locations: China, Shanghai, Bengaluru ，, San Francisco, Yelin Mo, Beijing, Bengaluru

Minnesota prevented outfielder Max Kepler and infielder Jorge Polanco from going free, exercising a $10 million option on Kepler and and $10.5 million option on Polanco. Political Cartoons View All 1233 ImagesPlayers may start negotiating with any team at 5 p.m. EST Monday, also the deadline for teams to make qualifying offers. Players may receive a qualifying offer if they spent the entire season with the team and have not previously received a qualifying offer. The Brewers declined a $7.25 million option on left-hander Andrew Chafin and a $2.5 million option on left-hander Justin Wilson. Washington declined a $3.3 million option on outfielder Victor Robles, who would be eligible for arbitration if tendered a contract.

Persons: Ohtani, Cody Bellinger, Jordan Montgomery, Blake Snell, Aaron Nola, Max Muncy, Joe Jiménez, Colin Rea, Sonny Gray, Josh Hader, Matt Chapman, Jorge Soler, J.D, Max Kepler, Jorge Polanco, Joc Pederson, San, Muncy, Jiménez, Rea, Andrew Chafin, Justin Wilson, Victor Robles, ___ Organizations: Texas Rangers, Polanco, Qualifying, Los Angeles Dodgers, Atlanta, Milwaukee, The Brewers Locations: Martinez . Minnesota, San Francisco, Texas, Wilson . Washington

Apple shares, which have risen 37% so far this year, dropped 3.4% after-hours, following the forecast. Maestri said Apple expects to have higher iPhone sales for the fiscal first quarter, even though this year's holiday quarter has one fewer week of sales than the year-ago. Cook said the company's new high-end handset models - the iPhone 15 Pro and Pro Max devices - are facing supply constraints. Apple's sales in China fell to $15.08 billion from $15.47 billion in the fourth quarter a year ago. Cook said that after accounting for foreign-exchange rates, Apple's business in China grew year-over-year, driven by iPhone sales and services revenue.

Persons: Tim Cook, Apple, Cook, Luca Maestri, Bob O'Donnell, Davidson, Tom Forte, Aly, Max, Nabila Popal, Lionel Messi, Stephen Nellis, Yuvraj Malik, Sayantani Ghosh, Peter Henderson, Matthew Lewis, Leslie Adler Organizations: Huawei, Apple, TECHnalysis Research, Mac, REUTERS, Huawei Technologies, U.S, Reuters, Pro, Apple Watch, Thomson Locations: China, Cupertino , California, Shanghai, San Francisco, Bengaluru

The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Nvidia's stock fell to as low as $392.30, down 4.7%, to the lowest level since mid-June. "The stock is getting oversold," said Tom Plumb, chief executive and lead portfolio manager at Plumb Funds, which has Nvidia as one of its largest holdings. "Previously, Nvidia has said this is not going to have a short-term impact but it's more in the long term. "These new export controls will not have a meaningful impact in the near term," the Nvidia spokesperson said in a statement.

Persons: Tom Plumb, Plumb, Biden, Thomas Hayes, Chibuike Oguh, Stephen Nellis, Amruta, Lance Tupper, Jonathan Oatis Organizations: NVIDIA, Handout, REUTERS, Nvidia Corp, Nvidia, Alibaba, HK, Baidu, U.S . Commerce Department, Wall, Nasdaq, Plumb Funds, Beijing, Great, Thomson Locations: Santa Clara , California, China, U.S, Iran, Russia, New York, San Francisco, Bengaluru

☆ 10 smaller US cities with booming tech scenes
▼ + stars: | 2023-10-30 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +2 min

Three metros in Utah are among the mid-size cities with the most advanced tech talent. From that list, it then ranked cities by their share of tech workers with at least one of the in-demand tech skills previously identified. Cities with more to offer than just a robust tech scene scored high in where advanced tech talent is concentrating. Fayetteville, Arkansas, which ranked as the mid-size city with the second-highest concentration of advanced tech talent, has attracted tech workers seeking a more laid-back lifestyle than larger cities with a high concentration of tech talent, like Austin, Texas . Here are the top 10 mid-size cities ranked by their concentration of advanced tech workers, according to the Burning Glass Institute.

Persons: —, San, Matt Sigelman, Ann Organizations: Service, Burning Glass, Street Journal, Glass Institute, Journal . Tech Locations: Fayetteville , Arkansas, Rochester , New York, Utah, San Francisco, Seattle, Provo , Utah, Ann Arbor , Michigan, Boise City , Idaho, Salt Lake City , Utah, Austin , Texas

HONG KONG, Oct 30 (Reuters) - A Hong Kong court acquitted U.S. State Senator Jeff Wilson of illegally possessing a firearm in the Chinese-ruled city as long as he doesn't commit any crime for the next two years. A Republican party member, he has served in the state senate since 2021 and is also a Port of Longview Commissioner. "This is not the first time he came to Hong Kong or China, he used to be a trade delegate to Hong Kong and China. He should have known that the scrutiny in Hong Kong and China is strict," So said. Carrying a firearm without a license in Hong Kong is illegal and offenders can face up to HK$100,000 ($12,800) and a maximum of 14 years in prison.

Persons: Jeff Wilson, Wilson, Don So, Dorothy Kam, Farah Master, James Pomfret Organizations: Hong, U.S, Washington State Senate, Republican, HK, Christian, Thomson Locations: HONG KONG, Hong Kong, Longview, China, Southeast Asia, Portland, U.S, San Francisco

The magistrate said Wilson would be fined 2,000 Hong Kong dollars ($255) for breaching the order if he doesn't comply. A statement posted earlier on the Longview lawmaker's website had said while the gun was not registered in Hong Kong it is registered in Washington. Those convicted of carrying a firearm without a license can be fined up to 100,000 Hong Kong dollars ($12,800) and sentenced to up to 14 years in prison. According to his website, Wilson was traveling with his wife for a five-week vacation in Southeast Asia. He discovered the weapon during the flight between San Francisco and Hong Kong, it said.

Persons: Jeff Wilson, Don So, Wilson Organizations: Press, Hong, Longview lawmaker's, Hong Kong Locations: Hong Kong, Washington, Longview, United States, Southeast Asia, San Francisco, Portland

☆ Homebuyers must earn more than $400,000 to afford a home in the 2 priciest metro areas — and New York isn’t one of them
▼ + stars: | 2023-10-25 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

"The Bay Area has consistently been one of the most expensive markets in the country," said Daryl Fairweather, chief economist at Redfin. Why the New York metro area is low on the listMidtown Manhattan, New York, as seen from Hoboken, New Jersey. That's because the metro area goes beyond Manhattan and the city's four other boroughs, extending into nearby counties. "Even though Manhattan is really expensive, once you get to the outlying areas [in] the New York metro area, it actually becomes quite affordable," said Fairweather. Interested homebuyers in the region still need to earn six figures annually to afford a home, about $197,734, Redfin estimates.

Persons: Thomas Barwick, San, Daryl Fairweather, Gary Hershorn, Fairweather Organizations: Area, Redfin, California metros, San Diego —, New, Midtown, Corbis, Council for Community Locations: Getty, San Francisco, San Jose , California, California, Anaheim, Oakland, San Diego, New York, Midtown Manhattan , New York, Hoboken , New Jersey, Manhattan, U.S

☆ Arizona says closely monitoring use of self-driving vehicles
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

[1/2] A self-driving GM Bolt EV is seen during a media event where Cruise, GM's autonomous car unit, showed off its self-driving cars in San Francisco, California, U.S. November 28, 2017. REUTERS/Elijah Nouvelage/File Photo Acquire Licensing RightsOct 25 (Reuters) - Arizona is closely monitoring the testing and use of self-driving vehicles in the state, its transportation department said on Wednesday, a day after California barred General Motors' (GM.N) Cruise from operating its driverless cars. The Arizona Department of Transportation said it was aware of the announcement from California and was closely monitoring the situation. "Public safety is our highest priority, and we are in regular communication with and closely monitoring Cruise and other companies testing and operating self-driving vehicles in Arizona," it said in a statement. Companies such as Cruise, Alphabet's (GOOGL.O) Waymo and Uber are testing their self-driving car technology in these states and cities.

Persons: Elijah Nouvelage, Hugo Soto, Martínez, Cruise, Waymo, Akash Sriram, Juby Babu, Hyunjoo Jin, Lisa Baertlein, Shailesh Kuber, Anil D'Silva Organizations: GM Bolt, REUTERS, General Motors, The Arizona Department of Transportation, California's Department of Motor Vehicles, Department of Motor Vehicles, Thomson Locations: San Francisco , California, U.S, Arizona, California, Los Angeles, Texas , Tennessee, Pennsylvania, Florida, Nevada, Dallas, Nashville, Bengaluru, Hyunjoo, San Francisco

☆ I moved my family from California to Texas 2 years ago. A friend warned me we would hate it — 6 months later, other families followed us.
▼ + stars: | 2023-10-25 | by ( Kiera Fields | ) www.businessinsider.com time to read: +7 min

Jian Jiao left the Bay Area in 2021 and moved his family to Austin, Texas. The Bay Area had a great job market for senior tech roles with many similar people around. AdvertisementAdvertisementAustin is expensive for Texas but cheap compared with the Bay Area. When my parents flew in from Beijing, they had multiple direct flights into the Bay Area. AdvertisementAdvertisementThe North Austin-South Austin divideMost of the new developments are in north Austin because that's where the tech hubs have been set up.

Persons: Jian Jiao, Jiao, Austin, —, we've, I've, it's, there's Organizations: Area, Service, BP, Google, Oracle, that's Locations: Austin , Texas, San Francisco, Austin, Sunnyvale, California, America, Orange County, Irvine, Southern California, Texas, Bay, Dallas, San Antonio, Houston, Beijing, South Austin

☆ California suspends GM Cruise self-driving vehicles as 'not safe' for public
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +4 min

Cruise's AVs posed an "an unreasonable risk to public safety," and "are not safe for the public's operation" California's Department of Motor Vehicles (DMV) said in a statement. The suspension, which came after a series of accidents involving Cruise vehicles, is a major setback to GM's self-driving technology unit and to the nascent autonomous vehicle (AV) industry. That month, a Cruise robotaxi was involved in a crash with an emergency vehicle in San Francisco. Barra said the Cruise robotaxis have better safety records than human drivers. This month, U.S. auto safety regulators opened a probe into whether Cruise was taking sufficient precautions with its autonomous robotaxis to safeguard pedestrians.

Persons: Cruise, Elijah Nouvelage, Cruise's AVs, Mary Barra, robotaxi, Barra, Hyunjoo Jin, David Gregorio Our Organizations: REUTERS, Motors, California's Department of Motor Vehicles, Cruise, GM, DMV, California Department of Motor Vehicles, Traffic Safety Administration, UAW, Detroit Three, Thomson Locations: San Francisco , California, U.S, San Francisco, New York, Texas

HONG KONG (AP) — A Washington state senator was arrested in Hong Kong for carrying a gun that was not registered in the semi-autonomous Chinese city, his website and local media reported. Jeff Wilson, a Republican from Longview, was arrested after landing at the Hong Kong International Airport on Saturday. Under Hong Kong law, it is illegal to carry a firearm without a license. Offenders face a fine of up to 100,000 Hong Kong dollars ($12,800) and can be sentenced to up to 14 years if convicted. According to Wilson's website, he had discovered the weapon mid-flight between San Francisco and Hong Kong and reported it to customs authorities on landing.

Persons: Jeff Wilson, Wilson, Hong, ”, Hong Kong's Organizations: Republican, Hong Kong International Airport, RTHK, West, Hong, Hong Kong's Customs, Excise Department, Hong Kong Locations: HONG KONG, Washington, Hong Kong, Longview, Southeast Asia, West Kowloon, San Francisco

Wilson appeared in the Sha Tin Magistrates’ Court on Monday and was granted bail, according to public broadcaster RTHK. Wilson said in the statement that when the plane landed in Hong Kong, he “immediately went to customs officials and called their attention to the issue.”CNN has reached out to Portland International Airport, San Francisco International Airport, the Transportation Security Administration and the US Consulate in Hong Kong for comment. Wilson faces his next court hearing in Hong Kong on October 30, RTHK reported. Gun violence is very rare in Hong Kong, unlike in the United States where firearms are now the No. Wilson noted in his statement that his pistol was registered in Washington state and that he holds a concealed pistol license.

Persons: Hong Kong CNN —, Jeff Wilson, Wilson, Stephen J, ” Wilson, “, ”, Hong Kong’s Organizations: Hong Kong CNN, CNN, Hong Kong International Airport, RTHK, Republican, ” CNN, Portland International Airport, San Francisco International Airport, Transportation Security Administration, US Consulate, Hong Kong’s Customs, Excise Department, Police Locations: Hong Kong, American, Washington, Sha Tin, Southeast Asia, San Francisco, Portland, United States

☆ Affordable apartments are getting snapped up quickly — but rental units in these 18 cities are significantly cheaper now than they were last year
▼ + stars: | 2023-10-23 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Rent is steadily sliding in the US, but great deals on apartments are still few and far between. A new report from Realtor.com revealed that rent growth was negative for the fifth straight month in September. That problem is slowly getting addressed as 445,000 new multi-family units come online, though they're selling very quickly. Nearly 70% of new affordable apartments got filled within three months of completion in the second quarter compared to a 57.2% rate for more expensive units, Realtor.com found. The trend was pronounced across all the four major US regions, though less pricey Midwest markets had the most dramatic rise in so-called absorption rates of new rental units.

Persons: Realtor.com, Realtor.com's Jiayi Xu, Danielle Hale, Xu, Hale, shouldn't Organizations: shouldn't Locations: Midwest, Austin , Texas, California, San Francisco, Los Angeles

[1/4] Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. To prevent demand from waning, market leader Tesla, with industry-leading profit margins, has been the first and most aggressive in slashing prices, forcing others to follow suit and squeezing margins. "If interest rates remain high ... it's that much harder for people to buy the car. They simply can't afford it," Musk said, adding he would "accelerate" expansion of the Mexico factory if interest rates come down. That is not expected in the United States until June 2024, based on current market estimates , with recent robust economic data suggesting the central bank might leave interest rates higher for longer.

Persons: Aly, Elon Musk, Musk, Tesla, Ford, Tom Narayan, Narayan, Abhirup Roy, Ben Klayman, Jamie Freed Organizations: REUTERS, FRANCISCO, Wednesday, General Motors, Ford, EV, GM, Chevrolet Silverado, GMC, Air, RBC Capital Markets, Reuters, Thomson Locations: China, Shanghai, Mexico, Michigan, Detroit, U.S, United States, San Francisco

☆ Golf league founded by Woods, McIlroy announces ownership team led by Marc Lasry, Steph Curry
▼ + stars: | 2023-10-19 | by ( Jessica Golden | ) www.cnbc.com time to read: +1 min

Andre Iguodala #9, Stephen Curry #30 and Klay Thompson #11 of the Golden State Warriors high five each other during the game against the Boston Celtics on March 8, 2017 at ORACLE Arena in Oakland, California. Some of San Francisco's biggest sports stars are the new owners of a team with TGL golf, the indoor golf league founded by Tiger Woods and Rory McIlroy. Steph Curry, Klay Thompson and Andre Iguodala have joined an effort led by Marc Lasry, Avenue Capital Group Chairman and CEO, to purchase the San Francisco TGL team. Lasry, former co-owner of the NBA championship Milwaukee Bucks, recently launched the Avenue Sports Fund as part of Avenue Capital Group, which manages $12.5 billion in assets. The investment in TGL San Francisco represents the fund's first major investment.

Persons: Andre Iguodala, Stephen Curry, Klay Thompson, Tiger Woods, Rory McIlroy, Steph Curry, Marc Lasry, San Francisco TGL, Lasry Organizations: Golden State Warriors, Boston Celtics, ORACLE Arena, Francisco's, Avenue Capital, San, NBA, Milwaukee Bucks, Fund, Avenue Capital Group Locations: Oakland , California, TGL San Francisco, Northern California

"If interest rates remain high ... it's that much harder for people to buy the car. The price of the popular Model Y SUV was "almost unchanged" for consumers even after Tesla's price cuts, Musk said, accounting for higher financing costs. Reuters GraphicsPRICE CUTSTesla's aggressive price cuts this year have battered its gross margin even as it faces stiff competition in China from local automakers. Still, it stuck to its annual production target of 1.8 million cars, a sign that the price cuts were buoying demand to an extent. In the second quarter, Tesla had posted a gross margin of 18.2%.

Persons: Matthew Childs, Elon Musk, Musk, Tesla, Jesse Cohen, Akash Sriram, Hyunjoo Jin, Joe White, Abhirup Roy, Sayantani Ghosh, Sriraj Kaluvilla, Deepa Babington, Jamie Freed Organizations: REUTERS, General Motors, Chrysler, Reuters, Visible Alpha, Revenue, Thomson Locations: London, Britain, Mexico, Nuevo Leon, China, Bengaluru, Hyunjoo, San Francisco, Detroit

☆ Britain aims for global leadership role with AI safety summit
▼ + stars: | 2023-10-18 | by ( Martin Coulter | ) www.reuters.com time to read: +5 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Oct 18 (Reuters) - Britain will host the world's first global artificial intelligence (AI) safety summit next month, aiming to carve out a role following Brexit as an arbiter between the United States, China, and the European Union in a key tech sector. The Nov. 1-2 summit will focus heavily on the existential threat some lawmakers, including Britain's Prime Minister Rishi Sunak, fear AI poses. Sunak, who wants the UK to become a hub for AI safety, has warned the technology could be used by criminals and terrorists to create weapons of mass destruction. Critics question why Britain has appointed itself the centre of AI safety. "We are now reflecting on potential EU participation," a spokesperson told Reuters.

Persons: Dado Ruvic, Rishi Sunak, Sunak, Alan Turing, Kamala Harris, Demis, Matt Clifford, Clifford, we're, Stephanie Hare, Elon Musk, Geoffrey Hinton, Britain, OpenAI, Marc Warner, it's, Vera Jourova, Brando Benifei, Dragos Tudorache, Benifei, Jeremy Hunt, Martin Coulter, Matt Scuffham, Mark Potter Organizations: REUTERS, European Union, Britain's, EU, Bletchley, Google, San, Reuters, China . Finance, Politico, Thomson Locations: Britain, United States, China, England, British, France, Germany, London, U.S, San Francisco, Beijing, Europe

☆ GM and Honda team up on autonomous ride service for Japan
▼ + stars: | 2023-10-18 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —General Motors and Honda, along with Cruise — GM’s autonomous driving subsidiary — have agreed to create a driverless ride-hailing company in Japan. The company will use the Cruise Origin autonomous vehicle to give rides in Tokyo, Japan’s largest city. The Cruise Origin, an electric vehicle GM builds at a factory in Detroit, has no steering wheel, pedals or space for a driver. GM said it plans to build 500 of the vehicles for the Tokyo ride-hailing service, which is expected to be the first autonomous ride-hailing service in Japan, according to the companies. “The range of situations our [autonomous vehicles] have encountered is quite broad,” Voigt said, noting obstacles such as jugglers on the streets of San Francisco and donkeys in Austin.

Persons: Cruise, Honda, General Motors Cruise, Kyle Voigt, Voigt, ” Voigt Organizations: CNN —, Motors, Honda, —, Cruise, GM, General Motors, Ministry of Internal Affairs and Communications, Traffic, Administration Locations: Japan, Tokyo, Japan’s, Detroit, California, San Francisco, Phoenix, Austin, United States

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