Stocks dropped after Donald Trump ordered that U.S. companies find alternatives to their operations in China.US Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
President Trump again rips into Federal Reserve Chairman Jerome Powell, comparing him to Chinese President Xi Jinping.Politicsread more
Powell repeats his pledge to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow.The Fedread more
China says the new tariffs will begin Sept. 1 and Dec. 15. That's when President Trump's latest tariffs on Chinese goods are to take effect.Marketsread more
The Koch brothers financed one of the most influential political networks in the modern era. The sprawling political empire includes conservative and libertarian nonprofits...Politicsread more
On Tuesday, Walmart filed suit against Tesla alleging its solar panels had caused fires in seven of its stores.Technologyread more
Amazon shows numerous listings for toys and medications that lack the proper health risks to children, as well as sleeping mats previously banned by the FDA, according to a...Technologyread more
The recession obsession has captivated Wall Street, and experts are seeking stocks that can shield investors from the potential pain.Trading Nationread more
Google on Friday released a new set of community guidelines that are meant to crack down on what employees can say inside the company.Technologyread more
The idea came up as the White House brainstorms on ways to avoid a preelection economic slowdown, The Washington Post reports.US Economyread more
Daimler and automotive supplier Robert Bosch will start testing self-driving so-called robo-taxis in the next few months, senior executives told a German weekly.
Mercedes-Benz owner Daimler and Bosch teamed up last year to develop self-driving cars in an alliance aimed at accelerating the production of robo-taxis, joining a growing number of rivals trying to do the same.
"There will be test vehicles on the streets in the coming months," Bosch Chief Executive Volkmar Denner told Automobilwoche, without being more specific.
The pact between Daimler, the world's No.1 maker of premium cars and Bosch, the world's No.1 automotive supplier, forms a counterweight to new auto industry players like ride-hailing firms Uber and Didi, which are also working on self-driving cars.
Last month, Alphabet Inc's self-driving unit Waymo said it had begun testing self-driving vehicles in Atlanta, bringing to 25 the total number of U.S. cities in which it is testing.
Technology companies and carmakers are striving to adjust to a shifting landscape in the auto industry as consumers increasingly use smartphones to locate, hail and rent vehicles, rather than going out and buying cars.
"Apart from highly autonomous level 3 vehicles we will also bring fully autonomous vehicles - level 4/5 - to the streets in the foreseeable future," Wilko Stark, vice president Daimler and Mercedes-Benz Cars strategy, told Automobilwoche.
A level 3 car still needs a steering wheel and a driver who can take over if the car encounters a problem, while level 4 promises driverless features in dedicated lanes. Full autonomy - known as an "eyes off, brains off" or "level 5" system - does away with even the need for a steering wheel.
"The big difference to other competitors is that we are conceptualizing our vehicle as a robo-taxi right from the beginning and not as a technology-kit mounted on a serial vehicle. We will not have a makeshift solution," Stark added.