Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
China has other "weapons" in its trade battle with the United States — and selling off its U.S. Treasury holdings will not be one of them, said Richard McGregor, senior fellow...China Economyread more
Barr and Ross had defied Democrats' subpoenas for information about the Trump administration's efforts to add a citizenship question to the 2020 census.Politicsread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
Germany online bank N26 said it raised a huge $170 million in additional funding, valuing the six-year-old fintech start-up at $3.5 billion.Technologyread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
A photo editing app has introduced a few new wrinkles to the faces of celebrities — and to the ongoing discussion around personal digital security, NBC reports.Technologyread more
Deutsche Bank Wealth Management's global chief investment officer predicted the Federal Reserve will cut interest rates twice in the next 12 months, but chances of a four-time...US Economyread more
Several people are feared dead in a fire at an animation studio in the Japanese city of Kyodo on Thursday.Asia Newsread more
Property price gains across the wider U.K. have been slowing since 2016, according to the U.K.'s Office for National Statistics.Real Estateread more
On Wednesday, Uber rolled out a handful of its self-driving cars in San Francisco to be used by the public. Also on Wednesday, one of those cars ran a red light.
It's not totally clear how that happened or who is at fault, since the cars have a safety driver ready to take over as well as an additional engineer. But it is very clear that the robot car — a Volvo XC90 the company developed in collaboration with the automaker — ran a red light.
More from Recode:
The California DMV says Uber has to stop operating its self-driving cars in SF
Elon Musk is expected to urge Trump not to abandon the Paris climate agreement
Sheryl Sandberg, Tim Cook and Larry Page walked into Trump Tower. Here's what happened next.
Uber, unlike other companies operating self-driving cars on public roads in California, also hasn't applied for a permit from the DMV, as is typically required. But Uber's cars aren't technically self-driving just yet.
Uber's Volvos don't work without a operator in the driver's seat monitoring and partially controlling the car. The DMV isn't satisfied with that explanation, however.
On the morning of Uber's launch, the agency said:
"The California DMV encourages the responsible exploration of self-driving cars. We have a permitting process in place to ensure public safety as this technology is being tested. Twenty manufacturers have already obtained permits to test hundreds of cars on California roads. Uber shall do the same."
Update: The CA DMV sent Uber a letter demanding that the company stop operating its fleet of self-driving cars in SF or else they will pursue legal action.
We reached out to Uber for comment and will update when we hear back.
—By Johana Bhuiyan, Re/code.net.
CNBC's parent NBCUniversal is an investor in Recode's parent Vox, and the companies have a content-sharing arrangement.