San Diego- based startup TuSimple said its self-driving trucks will begin hauling mail between USPS facilities in Phoenix and Dallas to see how the nascent technology might improve delivery times and costs. "The work with TuSimple is our first initiative in autonomous long-haul transportation," USPS spokeswoman Kim Frum said. TuSimple and the USPS declined...
By Chris Kahn and Tracy Rucinski. NEW YORK/ CHICAGO, May 15- U.S. fliers still consider ticket prices the most important factor when choosing a flight, according to a Reuters/Ipsos poll, suggesting two fatal crashes of Boeing Co 737 MAX jets have had little impact on consumer sentiment. In the public opinion poll released May 15, only about half of U.S. adults say they...
NEW YORK, May 14- Retirement savings can suffer from interest rate moves, market volatility and other financial risks, but depression can be just as damaging. The transition to retirement itself is enough to trigger mood problems if you are emotionally unprepared, said Jamie Hopkins, director of Retirement Research at Carson Group. "Lots of widows refer to it as...
WASHINGTON, May 14- Walmart Inc is stepping up its battle with Amazon.com Inc by offering one-day delivery without a shipping fee, weeks after Amazon announced a similar offer- a move that will intensify the race to deliver orders to shoppers faster. On April 25, Amazon said it plans to deliver packages to members of its loyalty club Prime in just one day and expects...
WASHINGTON, May 13- The United States has asked Turkey to delay taking delivery of the S-400 Russian missile defense system, currently scheduled for July, in return for potentially approving the formation of a working group that Ankara has sought to establish, a source familiar with the matter said on Monday. But a senior Turkish official reiterated Ankara's...
BEIJING/ WASHINGTON, May 11- China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu He said as U.S. President Donald Trump ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China. Liu voiced a measured optimism on reaching a deal, but said there were "issues of principle" on which China...
BEIJING/ WASHINGTON, May 11- China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu He said as U.S. President Donald Trump ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China. Liu voiced a measured optimism on reaching a deal, but said there were "issues of principle" on which China...
SAN FRANCISCO/ BENGALURU, May 7- Ride services company Lyft Inc forecast that its losses would peak this year as it controlled expenses and got more revenue from each customer, posting a $1.1 billion quarterly loss on Tuesday, days ahead of rival Uber's IPO. "We are encouraged by our strength of our core business and see a clear path to profitability in ride sharing,"...
May 7- Lyft Inc on Tuesday forecast that 2019 would be the peak year for losses after the ride service company lost $1.1 billion in its first quarter, just days ahead of rival Uber's IPO. An outlook for second-quarter revenue of $800 million to $810 million was ahead of analysts' expectations of $783.1 million. Atlantic Equities analyst James Cordwell called the...
Lyft, which says it has nearly 40% of the U.S. ride-hailing market, said increased demand helped push revenue to $776 million in the quarter, up 95% from a year earlier and above analysts' average estimate of $739.4 million, according to IBES data from Refinitiv. An outlook for second-quarter revenue of $800 million to $810 million was ahead of analysts'...
April 25- United Parcel Service Inc on Thursday blamed harsh winter weather in the United States as it reported lower-than-expected first-quarter profit, sending shares down more than 7% percent in early trading. "There is pressure on management to execute at a high level during the peak," Cowen and Co. analyst Helane Becker said in a client note.
SAN FRANCISCO, April 23- Alphabet Inc's Waymo said on Tuesday it had chosen a factory in Detroit to mass produce self-driving cars, looking to the historical heart of the auto industry to build the vehicles of the future. The company's chief executive, John Krafcik, said in a blog post that Waymo would partner with American Axle& Manufacturing to lease and...
SAN FRANCISCO, April 18- Uber's autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. Uber Technologies Inc said on Thursday that the investment values its Advanced Technologies...
SAN FRANCISCO, April 18- Uber's autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. SoftBank will invest $333 million from its $100 billion Vision Fund, while Toyota Motor Corp...
PARIS, April 18- Four decades after R2-D2 delivered a vital message from Princess Leia in the hit movie "Star Wars", a French supermarket group plans to use robots inspired by the drum-shaped droid to transport food to customers in Paris. Stepping up the race for automated deliveries with online retailers such as Amazon, Casino's Franprix chain will test the...
The way people get their groceries delivered is changing.
PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia issues Non-manufacturing Business Outlook Survey for April- 1230 GMT. LONDON- British Finance Minister Philip Hammond speaks to lawmakers on parliament's Treasury Committee about the Spring Statement budget update he announced in March- 1315 GMT. STOCKHOLM Riksbank to hold monetary...
April 15- European shares edged higher in quiet trading on Monday, with bank stocks leading the gains, as Sino-U.S. trade optimism and strong Chinese economic data eased some worries over the global economy. By 0932 GMT, the pan-European STOXX 600 index was up 0.1 percent, hovering near eight-month highs. Mark Taylor, sales trader at Mirabaud Global Thematic Group...
SINGAPORE, April 15- Copper prices advanced on Monday, after data from China showed higher unwrought copper imports in March, while declining inventories, concerns over a supply deficit and hopes of a resolution to the U.S.-China trade row also lent support. Three-month copper on the London Metal Exchange rose 0.1 percent to $6,487 a tonne by 0747 GMT, while the...
SINGAPORE, April 15- Copper prices rose on Monday, after data from China showed higher unwrought copper imports in March, while declining inventories, concerns over a supply deficit and hopes of a resolution to the U.S.- China trade row also lent support. Three-month copper on the London Metal Exchange rose 0.3 percent to $6,500.50 a tonne by 0439 GMT, while the...
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