The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
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
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...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
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
General Motors will begin testing driverless cars in a matter of "quarters not years," CEO Mary Barra said Tuesday.
GM's efforts to jump-start research and development in self-driving cars seem to be paying off: The automaker's recent strides in the area have boosted its reputation among investors.
"GM and Cruise Automation recently deployed our latest generation self-driving electric test vehicle," Barra said on a conference call. "We believe it will meet the redundancy and safety requirements necessary to operate without a driver."
She spoke after the automaker reported third-quarter earnings that beat expectations on the top and bottom lines.
Barra attributed Cruise's success in part to the fact that it is testing the cars in complex environments such as San Francisco, which she called one of the most complex urban environments anywhere.
"In this environment, we encounter almost 50 times more interactions with pedestrians and other vehicles in complex road intersections, compared to driving in a suburban environment," Barra said. "This testing is accelerating our deployment of self-driving technology and we believe it will put us on the path, the fastest path, to deploying self-driving cars safely and at scale."
The company is also considering London and Berlin as test markets, Barra said. Earlier in October, GM said it plans to begin testing its cars in a section of downtown Manhattan.
GM's stock jumped in early October as buzz began to build over its position in autonomous vehicles and other trends in transportation that have captured investor attention. Share prices are up 32 percent this year.
"We think GM's proactive approach is allowing the company to move faster than most peers, with in-house [intellectual property] related to electric drivetrains, shared vehicle platforms, and autonomous vehicle hardware/software," Piper Jaffray analyst Alexander Potter said in a note Tuesday. "Because of momentum in this segment, we think investors will grow increasingly comfortable applying a higher-than-average multiple to the GM's earnings stream."
Barra also said the company is exploring its options on how it would deploy and monetize an autonomous fleet.