J.P. Morgan economists said they now see a much slower economy in the second quarter, with growth of just 1%.Market Insiderread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses, writes Nomura.Marketsread more
The move comes just a day after the FAA's acting head said airlines don't need to keep canceling Max flights.Airlinesread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting one in every...Health and Scienceread more
The Pentagon will send additional American troops, drones and fighter jets to the Middle East amid increasing tensions between the United States and Iran.Politicsread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
A spokesman for Nadler told CNBC that the chairman is "okay," and that he "seems to have been dehydrated and it was very warm in the room."Politicsread more
The Moelis & Co. founder says the current market volatility from tense U.S.-China relations is impacting large-cap stocks.Investingread more
The meeting is expected to take place on the sidelines of the Shangri-La Dialogue defense summit in Singapore.Defenseread more
Former Goldman Sachs macro trader and Fortress hedge-fund manager is the latest to point out problems with modern-day capitalism and income inequality.Financeread more
Sensors, likely Bluetooth short-range wireless technology, would scan the surroundings, communicating with other cars, sensors and a GPS system, updating a drivers' dashboard display to reflect obstacles like ambulances or cars passing.
The patent doesn't describe the technology as a self-driving car, but rather, compares it to a souped-up version of parking sensors blind-spot detection systems that are already commonplace in cars today.
Just because a technology is patented doesn't mean it will ever see the light outside of Apple's headquarters — indeed, most patented technologies are never commercialized and this might not be either.
And the idea of vehicle-to-vehicle communication isn't new: The CAR 2 CAR Communication Consortium was founded in 2002. Broadcom, for instance, has already been working on similar technology for years. Qualcomm has several solutions, incorporating Bluetooth, Wi-Fi and 3G/4G LTE.
Apple did not immediately return a request for comment.
Still, it makes sense for Apple to be doubling down on this type of technology for a few reasons.
Apple CEO Tim Cook has said that the company is investing heavily in building autonomous systems — and one major application of that technology is cars. Apple already has a modified mobile operating system, CarPlay, that's designed to be used in the car. As autonomous vehicles take over more of the drivers' traditional duties, systems like CarPlay could be more widely used.
Apple is also interested in improving wireless connections in general. With its latest wireless earbuds, AirPods, Apple revealed a new W1 chip to improve performance. While it's a bit of a leap to draw a line between the two, one of the inventors on Apple's automobile patent lists his occupation as iOS Bluetooth engineer. Not to mention that a recently disbanded automotive sensor company, Pearl Automation, was flush with former Apple engineers.
If Apple does build the fabled iCar, it may actually be required to have this type of vehicle-to-vehicle communication system. A National Highway Traffic Safety Administration proposal would require vehicle-to-vehicle communication systems, predicting the technology could "prevent or reduce the severity of up to 80 percent of non-alcohol-related crashes."