Latest News

Where Will Amazon HQ2 Go? Ranking Puts Raleigh on Top, Boston at Bottom

ATTOM Data Solutions has ranked the finalists for Amazon’s proposed second headquarters based on housing and quality of life. Raleigh, North Carolina — with relatively affordable homes, above-average school scores and below-average crime rates and property taxes — is No. 1, according to the curator of data on America’s property market. Boston — considered by some a favorite — is […]

Consumer Reports Recommends ‘Buy‘ for Tesla Model 3 After Braking Fix

Influential U.S. magazine Consumer Reports said on Wednesday that it now recommended Tesla Inc.’s Model 3 after its testers found that a recent firmware update improved the car’s braking distance by nearly 20 feet. An initial review by the magazine a week back said that despite many positives, Model 3 had “big flaws,” including braking slower than a full-sized pickup […]

Uber CEO: Uber, Waymo in Talks About Self-Driving Partnership

Uber Technologies Inc. is talking with Alphabet Inc.'s autonomous driving unit Waymo about using its technology on Uber's ride-hailing app, Uber Chief Executive Dara Khosrowshahi said on Wednesday, signaling a possible thaw in relations between the firms. Khosrowshahi said on stage at the Code Conference that Uber's relationship with Waymo was "getting better" since Uber in February agreed to pay […]

GM‘s Self-Driving Unit Draws $2.25B Investment From Softbank Fund

Japan's SoftBank Group Corp. will invest $2.25 billion in General Motors Co.'s autonomous vehicle unit, Cruise, the companies said on Thursday, announcing a deal that validates the venerable Detroit automaker's leadership in self-driving cars and sent GM shares up 10 percent. The partnership with SoftBank's $100-billion Vision Fund – one of the largest investments to date in self-driving technology – […]

Sears to Shut 72 Additional Stores as Quarterly Comparable Sales Fall

Sears Holdings Corp., the one-time American retail giant, said on Thursday it plans to shutter another 72 locations to stem losses in the face of deepening financial distress and reported a nearly 12 percent drop in quarterly comparable-store sales. The department store operator has been trying to transform its business as foot traffic at brick-and-mortar stores declines and online shopping […]

Italy Banker Warns on Political Crisis as Investors Fear for Euro

Italy's central bank chief warned on Tuesday that the state was "only ever a few short steps" from losing investors' trust as markets dumped stocks and bonds, fearing repeat elections will become a de facto referendum on the country's euro membership. Prime minister-designate Carlo Cottarelli is set to unveil his cabinet on Tuesday — he will meet President Sergio Mattarella […]

Dow Jumps 306 as Wall Street Rebounds While Worries Over Italy Ease

U.S. stocks ended higher on Wednesday, and the S&P 500 and Dow registered their biggest daily percentage gains since May 4, on signs of easing political turmoil in Italy and as a surge in oil prices boosted energy stocks. The S&P 500’s gains erased the losses of Tuesday, when the index posted its first 1 percent drop in May. Fears […]