Despite Elon Musk’s announcement of a new robotaxi product, the California Department of Motor Vehicles and CPUC have not received any applications from Tesla for the necessary permits. This lack of communication raises concerns about the timeline for Tesla to launch a robotaxi service in California. California requires aspiring robotaxi services to obtain two permits
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Apple saw a significant increase in its stock price, climbing 4.3% to reach $175.04 on Thursday. This jump marked Apple’s best performance since May 5, 2023. The rise in Apple’s shares coincided with a strong day for technology stocks, particularly those in the artificial intelligence sector, as the Nasdaq Composite increased by 1.77%. Despite being
Alibaba, the Chinese technology giant founded by Jack Ma, went through a significant reorganization in the past year. This overhaul included sweeping management changes and the split of the company into six business groups to enhance agility and competitiveness. The changes were aimed at steering Alibaba back to growth after facing internal and external doubt
During a recent Senate Armed Services Committee hearing, Defense Secretary Lloyd Austin addressed concerns regarding Israel’s military operations against Hamas in Gaza. He explicitly stated that there is no evidence to suggest that Israel has committed genocide in the region. This assertion is crucial, especially given the widespread criticism of Israel’s actions by many countries,
Tesla has recently settled a wrongful death lawsuit involving the tragic death of Walter Huang, an Apple engineer and father of two. The incident occurred when Huang’s Model X SUV, equipped with Autopilot features, crashed into a highway barrier near Mountain View, California, in 2018. The settlement was reached just as jury selection and a
Recently, the Federal Aviation Administration (FAA) announced that an engine cowling fell off a Southwest Airlines Boeing 737-800 and struck a wing flap during takeoff from Denver International Airport. The flight, Southwest Flight 3695, was en route to Houston’s William P. Hobby Airport when the incident occurred. Fortunately, the plane safely returned to the gate
Federal Reserve Governor Michelle Bowman recently expressed concerns regarding the potential need for interest rates to move higher in order to control inflation. While her fellow officials have indicated that cuts are likely, Bowman’s stance leans towards a more aggressive approach to prevent inflation from spiraling out of control. She highlighted various upside risks to
The surge in cocoa and coffee prices has been unprecedented, with benchmark ICE cocoa futures surpassing the $10,000 threshold for the first time. The prices have surged more than 120% so far this year, driven by adverse weather conditions and demand expectations. Citi predicts that cocoa trading will stabilize in a range between $9,000 to
Iowa’s recent victory over LSU in the Elite Eight marked a historic moment in women’s college basketball, drawing a record-breaking 12.3 million viewers. This milestone, as reported by ESPN, surpassed the previous high of 9.9 million viewers from last season’s NCAA championship game involving the same programs. Additionally, ESPN highlighted that Monday’s viewership figure was
As investors reflect on a robust first quarter for the S & P 500, many may be feeling optimistic about what lies ahead. However, according to CFRA’s Sam Stovall, it may be time to brace for a bumpy ride. Despite the impressive performance in the first quarter, with the S & P 500 recording its