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 […]
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 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 […]
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 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'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 […]
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 […]
