Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
Volvo will enable car-to-car communication in some of its new vehicles, the company has announced, allowing drivers to receive warnings about road hazards during their journey. The system will be included in Volvo's top-line 90 series, Volvo's Peter Mertens told Automotive News Europe, and will be available before the end of the year in Europe.
More from The Verge:
Luxury auto designer Henrik Fisker says he'll unveil a new all-electric car in 2017
Mercedes-Benz wants to join Formula E in 2018
Replacement Samsung Galaxy Note 7 phone catches fire on Southwest plane
The Swedish company's cloud-based system, developed in partnership with Ericsson, can warn drivers of slippery roads ahead based on feedback from steering, braking, and acceleration sensors. It will also notify nearby vehicles when another car has activated its hazard lights indicating that another driver may be in a dangerous or unexpected position on the road. The system communicates road dangers between cars, but Volvo CEO Hakan Samuelsson said that by sending data to the cloud, vehicles didn't need to have a direct link with each other. Having the data in a central place also allowed Volvo to "analyze the information and to look for the ideal distribution to other cars," Samulesson said.
The move makes the Swedish manufacturer one of the few car companies to feature car-to-car communication in some of its models. Both Toyota and Mercedes-Benz previously revealed their own systems, with Mercedes' already available in its E-class vehicles in the US, China, and much of Europe. Unlike Mercedes and Volvo, who use a cloud system, Toyota's car-to-car communication happens directly between vehicles, receiving warnings about traffic lights and other obstacles on a 760MHz frequency.
Cadillac, Audi, and Jaguar are also working on their own car-to-car systems, a shift that Mertens says will be good for the industry in the long run. "Of course, it will be better when all cars are using a similar system," he told Automotive News Europe. "We will introduce it in the coming generations of our vehicles as well." It's not yet clear, however, when the tech will become available for Volvo's vehicles, from the 90 class and otherwise, outside of Europe.