American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
Hedge fund manager David Einhorn says Tesla may only appear to have a lead in autonomous driving cars because, he says, the company is willing to put insufficiently tested cars on the road.
"Some of TSLA's presumed market lead in areas like autonomous driving may more likely reflect TSLA's willingness to put inadequately tested and dangerous products on the road rather than a true technological advantage," said Einhorn in a Tuesday letter from his firm, Greenlight Capital.
Tesla was not immediately available for comment.
"While the CEO makes bold claims about TSLA's superior prowess, continued production shortfalls, defects and product recalls disprove him. TSLA faces competition from established OEMs that have decades of scale manufacturing experience," he said.
This is neither the first time Einhorn has criticized Tesla, nor the first time someone has criticized the company for the way it deploys its Autopilot technology.
In July, the Insurance Institute for Highway Safety questioned the electric-auto maker's claim that the Model S is the safest car in history.
In defending itself at the time, Tesla said the "most objective and accurate independent testing of vehicle safety is currently done by the U.S. government, which found Model S and Model X to be the two cars with the lowest probability of injury of any cars that it has ever tested, making them the safest cars in history."
Car-shopping researcher Edmunds on Monday touted Tesla's autonomous features such as automatic parking, blind-spot detection and adaptive cruise control, saying it was leading the pack in improving car safety.