Something unusual is happening in financial markets and it could mean more gains lie ahead for stocks, if history is any indication.Marketsread more
Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
See which stocks are posting big moves after the bell on June 26.Market Insiderread more
Ten 2020 Democratic presidential candidates will take the debate stage Wednesday at the Adrienne Arsht Center for the Performing Arts in Miami.2020 Electionsread more
Credit Suisse initiated coverage of Tesla Wednesday with an "underperform" rating and a price target 15% below where the stock closed.Marketsread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
These attacks have given the public the opportunity to examine the problems associated with ransomware, where corporations -- not obligated to disclose these attacks -- have...Technologyread more
Online home goods retailer Wayfair sold roughly 1,600 mattresses and 100 bunk beds to Baptist Child and Family Services, a nonprofit that works as a federal contractor...Retailread more
HPV infections declined substantially since a vaccine was introduced, providing 'strong evidence' the vaccine prevents cervical cancer in the real world, according to a World...Health and Scienceread more
"As a private company we don't have the tools to make the Russian government stop," Facebook CEO Mark Zuckerberg said at the Aspen Ideas Conference on Wednesday. "We can...Technologyread more
Bitcoin jumped to its highest price since January 2018 on Wednesday.Bitcoinread more
Waymo, which is preparing to launch the first driverless ride-hailing program in the U.S., has become the first company approved to test autonomous vehicles without safety drivers on public roads in California.
The California Department of Motor Vehicles has granted Waymo the state's first permit to begin testing driverless vehicles on public streets and highways, the company said Tuesday. Initially, the autonomous vehicles will be allowed to operate in parts of Mountain View, Sunnyvale, Los Altos, Los Altos Hills and Palo Alto in northern California.
Waymo and its parent company, Alphabet, are both headquartered in Mountain View, California.
After being awarded the permit, the Waymo team wrote in a blog post, "Our thanks to the DMV for granting Waymo the first step forward in California — a green light to get out of the driver's seat when the technology is ready."
That may be happening soon. Waymo plans to launch an autonomous ride-hailing service in the metro Phoenix area before the end of the year. The company says it has logged more than 10 million miles testing its vehicles in real-world traffic. Its driverless ride-hailing service will be in a limited area initially and then expand over time. Eventually, Waymo hopes to bring its robo-taxis to other cities and states.
California would be a logical place for expansion given the number of semi-autonomous and fully autonomous vehicles being tested throughout the state. Until now, California has required those vehicles to have a safety operator in the driver's seat when on public roads. Waymo, a handful of automakers and some tech firms have been testing driverless vehicles at closed, private test facilities for several years.
The driverless permit for public roads in California comes with strict rules about when and where Waymo vehicles can go without a safety driver. For example, the autonomous vehicles cannot go faster than 65 miles per hour, but they will be allowed to drive in fog and light rain.
What if there is an issue on the road? The company says, "If a Waymo vehicle comes across a situation it doesn't understand, it does what any good driver would do: comes to a safe stop until it does understand how to proceed. For our cars, that means following well-established protocols, which include contacting human engineers and testers at Waymo for help in resolving the issue. "
The driverless permit in California could give Waymo a leg up on competitors such as Cruise, which is testing self-driving vehicles in San Francisco. The General Motors subsidiary is racing to establish an autonomous ride-hailing program of its own. Cruise plans to have its robo-taxis providing public rides by the end of 2019.