SAN FRANCISCO, April 22- Chief Executive Elon Musk said Tesla Inc robotaxis with no human drivers would be available in some U.S. markets next year, continuing a habit of bold pronouncements that have excited many investors while often missing deadlines. "Probably two years from now we'll make a car with no steering wheels or pedals," Musk predicted, while...
In Los Angeles, you might be living in less than 400 square feet.
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...
*Amazon says China marketplace to shut by July 18. SAN FRANCISCO/ BEIJING/ HONG KONG, April 18- A mazon.com Inc said it will shut its China online store by July 18, as the U.S. e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world's most populous nation. The move underscores how entrenched, home-grown...
*AMAZON SAYS MAKING OPERATIONAL ADJUSTMENTS TO FOCUS EFFORTS ON CROSS-BORDER SALES IN CHINA.
SAN FRANCISCO/ SHANGHAI, April 17- Amazon.com Inc plans to close its domestic marketplace business in China by mid-July, people familiar with the matter told Reuters on Wednesday, focusing efforts on its more lucrative businesses selling overseas goods and cloud services in the world's most populous country. Shoppers in China will no longer be able to buy...
NEW YORK, April 17- World stock markets gave up early gains as a continued flight from healthcare shares dragged on Wall Street, overshadowing upbeat economic data from China. "With a Democrat-controlled Congress, there is definitely more talk on regulating the sector and drug prices, which has negative headline risks," said Matthew Granfki, director of strategy...
SAN FRANCISCO, April 17- Apple Inc has held talks with at least four companies as possible suppliers for next-generation lidar sensors in self-driving cars, evaluating the companies' technology while also still working on its own lidar unit, three people familiar with the discussions said. Current lidar systems, including units from Velodyne Inc mounted on...
The master suite has view of Alcatraz and the Golden Gate Bridge.
Take a look inside PayPal co-founder Max Levchin's $7.2 million San Francisco home. It features a wrap around deck and backyard.
NEW YORK, April 15- U.S. online lenders such as LendingClub Corp, Kabbage Inc and Avant LLC are scrutinizing loan quality, securing long-term financing and cutting costs, as executives prepare for what they fear could be the sector's first economic downturn. A recession could bring escalating credit losses, liquidity crunch and higher funding costs, testing...
Lyft's bike share division is working to replace about 3,000 pedal-assist bikes in New York, Washington and San Francisco with traditional bikes to prevent service interruptions.
NEW YORK, April 14- Lyft Inc is recalling several thousand electric bikes in its bike-share program in New York, Washington and San Francisco because of a braking problem, the ride-hailing company said on Sunday. The company's Citi Bike division is working to replace about 3,000 pedal assist-bikes in New York, Washington and San Francisco with traditional...
SAN FRANCISCO/ WASHINGTON, April 14- As President Donald Trump keeps up his attacks on the Federal Reserve's policies, Wall Street is cautiously embracing them, giving a passing grade to the Fed's communication since its shift in January to a "patient" approach on rate hikes. The Federal Reserve Bank of New York surveys the main Wall Street securities companies it...
April 11- Tesla Inc on Thursday started leasing out its Model 3 sedan in the United States, in a financing option that would increase the electric car maker's customer base. Tesla said https://www.tesla.com/blog/update-our-vehicle-lineup its customers in the United States would be able to lease any Model 3 variant for a small down payment and monthly...
April 12- SoftBank Group Corp leader Masayoshi Son has much bigger ambitions for transportation than simply seeing his investment in Uber Technologies Inc turn into more than $13 billion when the company goes public next month. The Japanese entrepreneur is placing a $60 billion bet in more than 40 companies in a bid to steer the $3 trillion global automotive...
April 12- In addition investing more than $25 billion in Didi, Uber, Ola, Grab and Cruise, SoftBank Group Corp and its investment arms have poured another $5 billion into eight companies involved in some aspect of transportation. *Auto1 Group, a German online auto retailer. *Zhong An, a Chinese online insurance provider.
The estimated cost to end homelessness in the San Francisco Bay Area is $12.7 billion and additional billions annually to fund ongoing services to the needy, according to a report released Wednesday.
SAN FRANCISCO/ WASHINGTON, April 10- Potential Federal Reserve nominee Stephen Moore extended a remarkable run of commentary on the U.S. economy on Wednesday even as prospects for another possible Fed pick, former presidential candidate Herman Cain, appeared to fade. People under consideration for jobs at the Fed typically lay low ahead of confirmation...
TORONTO, April 10- The Canadian dollar edged higher against its U.S. counterpart on Wednesday, holding near a three-week high reached the day before as oil prices rose and minutes from the Federal Reserve's latest meeting signaled patience on raising interest rates further. The price of oil, one of Canada's major exports, rose after U.S. data showing a deep...
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