President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
As Tesla Motors detailed a software update aimed at reducing battery concerns in its Model S, CEO Elon Musk on Thursday announced an "auto steering" feature that should be ready in "about three months."
"We can basically go between San Francisco and Seattle without the driver doing anything," Musk said.
With the technology, drivers would not have to control the steering wheel, acceleration or braking when the car is on a highway. The announcement came during a press conference in which Musk detailed a separate update that includes a "range assurance" application and a trip planner.
Read More'Range anxiety' is the worst here
The software will warn Model S drivers before they drive out of charging range and plan routes with charging stations, making it "basically impossible" to run out of battery before reaching a station, he added.
The Model S will also get automatic emergency braking and side collision warnings with the new update.
Shares in the electric car maker were down more than 1 percent on Thursday.
Tesla has attempted to alleviate concerns that trips would take cars out of charging range. It is among the challenges the company has faced after posting a quarterly loss last month as it struggled to keep up with its production target.
Musk hinted at the software update in a tweet on Sunday, saying the company would "end" range anxiety, or concerns about reaching a charging station before battery runs out:
He noted on Thursday that Tesla's charging network has "grown dramatically." Musk added that nearly all of North America will be in Tesla charging range within the next 12 months.
Musk said that Tesla is a software company as well as hardware company, and software updates will become an integral part of owning a Tesla vehicle.
Correction: This article was updated to reflect the correct timing of Tesla's auto steering rollout.