The Conference Board, a business research group, on Tuesday released the June update for its consumer confidence index.Economyread more
The Congressional Budget Office estimated Tuesday that the national debt will rise to 141% of the economy over the next 30 years — 11 percentage points lower than the agency...Economyread more
Investors are piling into gold, sending the precious metal to a six-year high on Monday, and analysts think the commodity has established a base to go even higher.Marketsread more
Trump took to Twitter Tuesday to slam Iran for issuing a "very ignorant and insulting statement" after the U.S. slapped fresh sanctions on Tehran.Politicsread more
The yield on the benchmark 10-year Treasury note fell below 2% on Tuesday as investors looked for safety following the release of much weaker-than-expected confidence data.Bondsread more
More than 150,000 former students of for-profit colleges filed a lawsuit against the U.S. Department of Education and Education Secretary Betsy DeVos on Tuesday, claiming the...Personal Financeread more
Investors plow into the precious metal amid the prospects for lower interest rates, a softer global economy and increased geopolitical tensions.Marketsread more
Amazon announces that Amazon Prime Day will last for two days, starting July 15.Technologyread more
Buyers pulled away from the builders in May, even as affordability improved, thanks to lower mortgage rates.Real Estateread more
Allergan shareholders will receive 0.8660 AbbVie shares and $120.30 in cash for each share held, for a total value of $188.24 per Allergan share.Biotech and Pharmaceuticalsread more
CNBC's Carl Quintanilla reports from Hanoi, ahead of the Trump-Xi trade meeting, to look at Vietnam's manufacturing boom and whether it can be sustained.Economyread more
A man killed in a crash last year while using the semi-autonomous driving system on his Tesla Model S sedan kept his hands off the wheel for extended periods of time despite repeated automated warnings not to do so, a U.S. government report said on Monday
The National Transportation Safety Board (NTSB) released 500 pages of findings into the May 2016 death of Joshua Brown, a former Navy SEAL, near Williston, Florida. Brown's Model S collided with a truck while it was engaged in the "Autopilot" mode and he was killed.
A Tesla spokeswoman Keely Sulprizio declined to comment on the NTSB report. In 2016, the company said Autopilot "does not allow the driver to abdicate responsibility," however.
Brown family lawyer Jack Landskroner said in an email the NTSB's findings should put to rest previous media reports that Brown was watching a movie at the time of the crash, which he called "unequivocally false."
He added that the family has not taken any legal action against Tesla and was still reviewing the NTSB report.
The incident raised questions about the safety of systems that can perform driving tasks for long stretches with little or no human intervention, but which cannot completely replace human drivers.
During a 37-minute period of the trip when Brown was required to have his hands on the wheel, he apparently did so for just 25 seconds, the NTSB said in the report.
The report said the Autopilot mode remained on during most of his trip and that it gave him to a visual warning seven separate times that said "Hands Required Not Detected."
In six cases, the system then sounded a chime before it returned to "Hands Required Detected" for one to three second periods.
Tesla in September unveiled improvements in Autopilot, adding new limits on hands-off driving and other features that its chief executive officer said likely would have prevented the crash death. The updated system temporarily prevents drivers from using the system if they do
not respond to audible warnings to take back control of the car.
The NTSB makes safety recommendations but cannot order recalls.
In January, the National Highway Traffic Safety Administration (NHTSA) said it had found no evidence of defects in the aftermath of Brown's death.
NHTSA said Brown did not apply the brakes and his last action was to set the cruise control at 74 miles (119 km) per hour less than two minutes before the crash -- above the 65 mph speed limit.
The agency said the truck should have been visible to Brown for at least seven seconds before impact. Brown "took no braking, steering or other actions to avoid the collision," the report said.
A Florida Highway Patrol spokesman said the truck driver was charged with a right of way traffic violation. He is due for a court hearing on Wednesday.
The NTSB report disclosed that the Tesla Model S uses a proprietary system to record a vehicle's speed and other data, which authorities cannot access with the commercial tools used to access information from event data recorders in most other cars.
For that reason, the NTSB said it "had to rely on Tesla to provide the data in engineering units using proprietary manufacturer software."