Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Boris Johnson will be meeting President Donald Trump to discuss a potential post-Brexit trade deal just as he tries to court EU leaders for a new withdrawal agreement.World Politicsread more
U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Accountants in Hong Kong took to the streets on Friday to call for the government to accept five demands of the people, including the complete withdrawal of a now-suspended...China Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
The unlikely alliance would in theory enjoy a relatively comfortable majority in the parliament's lower house but would rely on a handful of sympathetic but unaligned...Europe Politicsread more
Bank Indonesia on Thursday cut its key policy rate by 25 basis points to 5.5% to support growth amid an increasingly fragile global economy.Central Banksread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The U.S Energy Information Administration (EIA) says Australia is on track to consistently export more LNG than Qatar.Oil and Gasread more
The bloom is coming off the rose when it comes to expecting self-driving vehicles to zip around in large numbers. In fact, a new survey of experts in the auto and tech industries by J.D. Power shows the challenges of perfecting self-driving vehicles will keep autonomous vehicles from taking off anytime soon.
"It's going to be around that decade-plus before that is going to be an option for consumers to purchase a self-driving vehicle," said Kristin Kolodge, executive director, driver interaction & human machine interface research at J.D. Power.
Working with SurveyMonkey, J.D. Power polled more than 100 auto and tech experts as part of its first Mobility Confidence Index. The goal: measure what automotive and tech industry insiders think about the future of self-driving vehicles and compare those results with the opinion of more than 5,000 consumers who were also questioned at the same time in late June and early July.
In general, consumers think it will be close to a decade before self-driving vehicles are ready in variety of uses.
Among other findings in the survey:
The survey highlights one of biggest hurdles slowing development of self-driving vehicles: Getting the technology perfected so cars and trucks can maneuver everywhere without a driver. That realization may explain why some in the auto industry have dialed back their plans for launching robotaxis or self-driving cars and trucks.
Last week, General Motors subsidiary Cruise, postponed a planned launch of an autonomous ride-share service as it continues developing, validating and making sure its self-driving cars are ready.
"What's most important when we do launch this service is that we do it the right way," Cruise CEO Dan Ammann said.
"We will still need regulatory approval, but the capability will be there," Musk told shareholders at the company's annual meeting in June.
The J.D. Power Mobility Index also surveyed consumers and experts about their expectations for electric vehicles. Both groups believe it will be well past 2030 before there are as many electric vehicles on the road as gas-powered models. One reason many expect slow acceptance of EVs: The willingness of consumers to go electric.
"They recognize the benefit to the environment. That seems to be an unquestionable point," said Kolodge. "But when it really comes down to, 'would you as a consumer want to have a battery electric vehicle?' That's where we see the resistance."
Correction: Working with SurveyMonkey, J.D. Power polled more than 100 auto and tech experts as part of its first Mobility Confidence Index. A previous version of this story misstated the number of experts polled.