Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
"Yes, excessive automation at Tesla was a mistake. To be precise, my mistake. Humans are underrated," Musk wrote in a tweet on Friday.
His tweet came in response to a story from CBS, in which the CEO bemoaned the Model 3 as overly ambitious, and the production process as too technical.
"We got complacent about some of the things that we felt were our core technology….We put too much new technology into the Model 3 all at once. This -- this should have been staged," he told CBS.
Electric car manufacturer Tesla has suffered a rash of high profile challenges this year, most involving production of its first mid-range electric vehicle, the Model 3.
Tesla's future is tied to the car, which has been billed as the company's first vehicle available to middle-class customers – not just the super wealthy.
Tesla missed reported in April it missed its quarterly target for Model 3 production, but investors were relieved the numbers weren't more disappointing. During the last week of the quarter, the electric-car maker produced 2,020 Model 3s, coming up short of its goal to produce 2,500 Model 3 sedans a week.
In the past few months, Tesla has also dealt with a voluntary recall of 123,000 of its older Model S vehicles, a fatal crash of a vehicle equipped with its semi-autonomous driving system and downgrade of its credit status on Wall Street. But production of the Model 3 seems to be the company's priority, and Musk has taken to sleeping on the factory floor to assist with manufacturing.