The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread more
Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
Stocks in Asia mostly traded higher Tuesday morning as minutes from the Reserve Bank of Australia's July meeting were released. The People's Bank of China also published its...Asia Marketsread more
Powell will have the opportunity if not to walk back the "midcycle" assessment then to at least provide some further explanation about what it means.Economyread more
Apple has spent more than $6 billion on original TV shows and movies for its forthcoming Apple TV+ service, according to a Financial Times report on Monday.Technologyread more
The Business Roundtable, led by Jamie Dimon, gives a new definition of the "purpose of a corporation."Marketsread more
Tesla said its Model 3 midsize sedan has the lowest probability of causing injury of any vehicle ever tested by the National Highway Transportation Safety Administration.
That means that all three Tesla vehicles — the Model S sedan, Model X sport utility vehicle and the Model 3 — take the top three spots in terms of least risk of injury, the company said.
"Not only has Model 3 achieved a perfect 5-star safety rating in every category and sub-category, but NHTSA's tests also show that it has the lowest probability of injury of all cars the safety agency has ever tested," Tesla said in announcing the news on its blog Sunday night.
NHTSA told CNBC it does not rank vehicles in order of safety beyond its 1-5 rating scale.
"There is no NHTSA safest ranking within the five-star category," NHTSA said in a statement sent to CNBC.
The heavy battery packs on the bottom of each Tesla vehicle help keep its center of gravity low, which keeps the car stable and reduces the risk of the vehicle flipping or rolling over. Tesla also said its front crumple zone is "optimized to absorb energy and crush more efficiently."
While Tesla's cars have earned praise for safety and performance features, they have received scrutiny along the way, as well. For example, NHTSA and the National Traffic Safety Board have each investigated Tesla's automated driver assistance system, Autopilot, after crashes that occurred in Tesla vehicles while the system was engaged.
The company's shares were down 3.3 percent in midday trading Monday.