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Business

“Tesla jumps 15% after passing key hurdle to roll out advanced driver-assistance tech in China”

“Shares of Tesla rose sharply on Monday, their best day since March 2021, after the electric carmaker passed a significant milestone to roll out its advanced driver-assistance technology in China. The company’s share price closed up 15% as investors reacted to news surrounding… Continue Reading…

Economy

[More Lies] “FTC calls out profits as a driver of grocery prices”

“A new Biden administration report is raising questions about the cause of rising food prices, which have squeezed U.S. households for years after COVID-19 recession. Profits and inflation surged together in the aftermath of the pandemic, fueling intense debate among… Continue Reading…

Economy

“Lyft and Uber say they’ll leave Minneapolis after city requires drivers to be paid more”

“MINNEAPOLIS — Lyft and Uber said they will cease operations in Minneapolis after the city’s council voted Thursday to override a mayoral veto and require that ride-hailing services increase driver wages to the equivalent of the local minimum wage of… Continue Reading…

Business

“Elon Musk says Tesla will hike the price of FSD driver assistance software by 25% in September”

“Tesla CEO Elon Musk on Sunday announced a 25% price increase for the company’s premium driver assistance system, which is marketed under the name Full Self-Driving, or FSD. The price will increase to $15,000 from $12,000 on Sept. 5, Musk said in a… Continue Reading…

Economy

“Oil could hit $150 a barrel with OPEC+ ‘in the driver’s seat’: J.P. Morgan”

“Oil futures can shake off a breathtaking Black Friday plunge and then some, testing $125 a barrel next year and overshooting to $150 in 2023 with OPEC+ “firmly in the driver’s seat,” according to analysts at J.P. Morgan. OPEC+ —… Continue Reading…