Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Tesla solar panels ignited at an Amazon warehouse in Redlands, California in June 2018, Bloomberg reports. The news comes days after Walmart sued Tesla for at least 7 fires...Technologyread more
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
Officially, it isn't a recall, just a technical service bulletin.
Whatever General Motors is calling the announcement, dealers have been advised to replace the keys on 2014 and 2015 Chevrolet Silverado and GMC Sierra models, as well as several other large vehicles. That development may herald a wider shift in the auto industry to cars that no longer rely on keys.
Some owners have complained that when they shift gears, they can knock the key out of position—bringing to mind this year's recall of GM vehicles with defective ignition switches.
That recall, as well as several others in the auto industry in recent years, is adding momentum to a broad industry shift away from conventional ignition switches.
"Eventually, the key will go away," said Dave Sullivan, manager of product analysis at AutoPacific. Sullivan said he expects only a handful of models—mostly base-level trucks—will continue to use conventional ignition systems.
That view has been echoed by automotive firm Edmunds.com. Its research found that some form of push-button switch was available—either as a standard feature or an option—on 72 percent of the cars and trucks sold in the U.S. during the 2014 model year.
There are a variety of different types of keyless ignitions. Some simply eliminate the key but still require a driver to turn a knob on the side of the steering column. Most others have use push-button starters.
Virtually every Nissan model now uses a version of the Japanese maker's Intelligent Key system, from the entry-level Versa up to the top-line Infiniti QX80 SUV. Ford has abandoned keys on all but its two new van models, the full-size Transit and midsize Transit Connect.
Meanwhile, General Motors CEO Mary Barra told members of the House Energy & Commerce Committee during a hearing on its ignition switch recall that "the push-button start is something we're evaluating putting across the portfolio."
As the various GM recalls have underscored, keyed ignition systems can inadvertently be jostled out of position. When that happens, a vehicle can shut off, causing the driver to lose control. But safety is just one reason why manufactures are looking for alternatives.
"Real estate is at a premium," Sullivan said, noting that automotive designers and engineers are trying to clear space to squeeze in more technologies.
Still, keyless ignition systems aren't a panacea. When it was struggling to deal with its unintended acceleration problems five years ago, Toyota discovered that some motorists were unable to stop vehicles equipped with push-button starters. It eventually advised owners to "firmly and steadily" push the button for at least three seconds to turn off the engine.
Meanwhile, there is growing concern that hackers might be able to crack the code and start stealing cars equipped with keyless entry and ignition systems.
The National Highway Traffic Safety Administration has been studying the technology, and could issue national standards next year.