Analysis-Autopilot Verdict Deals Tesla a ‘Black Eye’, Threatens Musk’s Robotaxi Ambitions
Aug. 5 By Abhirup Roy A court verdict against Tesla last week, stemming from a fatal 2019 crash of an Autopilot-equipped Model S, could hurt its plans to expand its nascent robotaxi network and intensify concerns over the safety of its autonomous vehicle technology. A…
US Could Require up to $15,000 Bonds for Some Tourist Visas Under Pilot Program
Aug. 4 By Ted Hesson and David Shepardson The U.S. could require bonds of up to $15,000 for some tourist and business visas under a pilot program launching in two weeks, a government notice said on Monday, an effort that aims to crack down on…
World University Games – a new sports political arena
July 24 By Julia O`Malley The FISU World University Games 2025, one of the world’s largest multi-sport events, takes place in Germany from 16 to 27 July across five cities in the Rhine-Ruhr region – Bochum, Duisburg, Essen, Hagen, and Mülheim an der Ruhr –…
Intel’s Chip Contracting Plan in Spotlight on Earnings Day
July 23 By Arsheeya Bajwa Faced with slumping quarterly sales and a burgeoning loss, Intel shareholders will want to know new CEO Lip Bu-Tan’s plans for the chipmaker’s nascent contract manufacturing business. Intel is set to report its sixth consecutive net loss on Thursday, while…
D.R. Horton Third-Quarter Results Beat Estimates on Incentives Push
July 22 By Farah Master and Samuel Shen D.R. Horton reported third-quarter profit and revenue above estimates on Tuesday as buyer incentives sustained home sales amid high interest rates and rising costs, sending shares of the homebuilder up more than 12% in morning trading. The…
China Embarks on World’s Largest Hydropower Dam, Capital Markets Cheer
July 20 By Farah Master and Samuel Shen China’s Premier Li Qiang announced construction had begun on what will be the world’s largest hydropower dam, on the eastern rim of the Tibetan Plateau, at an estimated cost of at least $170 billion, the official Xinhua…
Union Pacific, Norfolk Southern Explore Cross-Continental Railroad Merger, Source Says
July 18 By Sabrina Valle Union Pacific, the largest U.S. freight railroad operator, is exploring a possible acquisition of Norfolk Southern to create a $200 billion coast-to-coast rail network, a person familiar with the matter said. Talks are in early stages, the person said, with…
US Military to Remove 2,000 National Guard Troops From Los Angeles
July 16 By Idrees Ali and Phil Stewart U.S. Defense Secretary Pete Hegseth has ordered the removal of half of the 4,000 National Guard troops who had been sent to Los Angeles to protect federal property and personnel during a spate of protests last month,…
BlackRock Shares Slump Even as Assets Hit Record $12.5 Trillion on Market Rally
July 15 By Anirban Sen and Ateev Bhandari BlackRock’s assets under management hit a new high in the second quarter as global markets rallied, but its shares tumbled as much as 7% after a large Asian institutional client pulled money from an index strategy. During…
Analysis-Despite Tariffs, It’s Still America First for Asia’s Legacy Automakers
July 14 By Hyunjoo Jin Toyota and Hyundai Motor may have a beef with U.S. protectionism, but they have one thing in common with President Donald Trump: when it comes to global car markets, it’s America first for Asia’s legacy automakers. Trump’s tariffs on imported…
Bitcoin Tops $120,000 for the First Time
July 13 By Rae Wee Bitcoin crossed the $120,000 level for the first time on Monday, marking a major milestone for the world’s largest cryptocurrency as investors bet on long-sought policy wins for the industry this week. Starting on Monday, the U.S. House of Representatives…
Trump Announces 35% Tariffs on Canada
July 12 By Ismail Shakil U.S. President Donald Trump on Thursday announced a 35% tariff rate for goods imported from Canada, starting August 1.