Two major California agencies that oversee the regulation of robotaxis have confirmed that they have not been contacted by Tesla concerning its intentions to launch a new robotaxi product. Despite Elon Musk’s announcement about revealing a robotaxi service in August, the California Department of Motor Vehicles and the California Public Utilities Commission have not received
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Apple shares saw a significant increase of 4.3% on Thursday, reaching a share price of $175.04. This marks the best day for Apple since May 5, 2023. The rise came during a positive day for technology stocks, particularly those in the artificial intelligence sector. The Nasdaq Composite also experienced a boost, rising by 1.77%. However,
Alibaba founder Jack Ma recently commended the company’s significant reorganization and transformation following a tumultuous past year. This marks Ma’s second major public statement to employees in a short span of time. Despite facing external and internal doubt and pressures, Ma expressed his admiration for the birth of a strong and courageous team at Alibaba.
Defense Secretary Lloyd Austin recently stated that the United States does not have any evidence that Israel has committed genocide during its military operations against Hamas in Gaza. This assertion comes amid a critical point in the Israel-Hamas conflict, where accusations of genocide have been leveled against Israel. This article will analyze the statements made
Tesla recently settled a wrongful death lawsuit brought by the family of Walter Huang, an Apple engineer who tragically died in a car crash involving his Tesla Model X SUV with Autopilot engaged. The settlement came as jury selection and a trial were set to begin in a California Superior Court. By settling, Tesla managed
Southwest Airlines faced yet another safety incident when an engine cowling fell off one of its Boeing 737-800 planes during takeoff from Denver International Airport. The Federal Aviation Administration (FAA) reported that the flight en route to Houston’s William P. Hobby Airport had to return to Denver due to the mishap. Fortunately, the passengers were
Federal Reserve Governor Michelle Bowman recently made a statement that deviates from the expectations of the market and her fellow officials. While most officials had indicated the likelihood of rate cuts to control inflation, Bowman suggested that interest rates may need to move higher instead. This shift in perspective raises questions about the Federal Reserve’s
The recent record-breaking rally in cocoa and coffee prices has caught the attention of analysts and investors alike. With adverse weather conditions and demand expectations driving the surge, there is a lot of speculation around whether this rally has further room to run. In New York, benchmark ICE cocoa futures traded slightly lower at $9,370
On Monday, Iowa’s victory against LSU in the Elite Eight set a new record in women’s college basketball history, drawing 12.3 million viewers. This milestone surpassed the previous record of 9.9 million viewers from the NCAA championship game between the same two programs last season. According to ESPN, this game had the highest viewership for
As investors bask in the success of a strong first quarter, it may be time to prepare for a bumpy ride ahead. CFRA’s Sam Stovall warns that the impressive start to the year for stocks, particularly the S & P 500, could be a prelude to a challenging year. While the first quarter saw significant