Investors are rushing into the relative safe-haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
Stocks fell sharply on Thursday as investors started to fear the U.S.-China trade war is slowing the economy.Marketsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
President Donald Trump was expected to deliver remarks Thursday afternoon on supporting America's farmers and ranchersPoliticsread more
Investors rushed into the safety of bonds Thursday and sold stocks, as it appeared the trade war could be prolonged and more painful for the world economy than expected.Market Insiderread more
Oracle co-founder Larry Ellison disclosed a $1 billion stake in Tesla in late December. It's now worth about $580 million.Technologyread more
Investors trying to get a gauge on the state of U.S.-China trade relations should look at shares of big chipmakers, according to Ned Davis Research.Marketsread more
The volatile stock of Tesla has lost over 40% so far this year, and experts are split on what might happen next.Trading Nationread more
The e-mail's optimistic tone helped Tesla shares turn positive for the first time in seven days.Technologyread more
J.P. Morgan Chase has cut ties with Purdue Pharma LP over the OxyContin maker's alleged role in the U.S. opioid crisis, forcing it to find a new bank to manage cash and bill...Banksread more
Farmers hurt by the ongoing U.S.-China trade war would rather have their markets back than the latest bailout from the Trump administration, says GOP Sen. Chuck Grassley.Politicsread more
"As a first step, we'll deploy 10 Waymo vehicles on Lyft over the next few months," Waymo CEO John Krafcik wrote in a post on Medium. "Once Waymo vehicles are on the platform, Lyft users in the area will have the option to select a Waymo directly from the Lyft app for eligible rides."
Waymo attained regulatory approval and began to operate its driverless cars in Phoenix last year with human supervisors on board in a program it called Waymo One.
Truly driverless vehicles do not yet exist. However, ride-sharing businesses are eager for the advent of Level 4 autonomous vehicles, which would be able to operate in typical driving conditions without human supervision. These "robotaxis" could help ride-sharing businesses like Lyft and Uber skirt costs and liabilities associated with the human drivers on their platforms.
The Waymo-Lyft announcement follows promises made by Tesla CEO Elon Musk in recent weeks that his electric car company should have 1 million vehicles capable of functioning as robotaxis on the road next year, and that owners of the cars should be able to generate tens of thousands of dollars from them annually.
When Tesla began to discuss its ambitions in self-driving technology in 2016, Musk said they would conduct a hands-free trip across the US by late 2017. They have yet to complete that mission. And Tesla has not yet announced any regulatory approvals to operate a driverless transportation network.
Uber previously paused its self-driving vehicle programs in San Francisco, Pittsburgh, Phoenix and Toronto after a woman was hit and killed by an Uber self-driving car while was walking across the street one night in Tempe, Arizona, outside of Phoenix.