The US August nonfarm payrolls report is forecasted to show an increase of 55,000 jobs, a modest gain following July's decline of 23,000. However, economists warn the data may be influenced by one-time factors such as the loss of Temporary Protected Status for 330,000 Haitian immigrants and recent meat-processing plant closures, which could distort the figures. The unemployment rate is expected to rise slightly from 4.1% to 4.2%, with wage growth cooling, indicating a stable but cautious labor market. Market watchers note that stronger-than-expected numbers could pressure the Federal Reserve to hike rates, while weaker data might ease rate concerns and delay Fed actions until November.
The US National Highway Traffic Safety Administration (NHTSA) has launched an investigation into Tesla's new Cybercab, which was released on public roads in Austin, Texas, without a steering wheel or pedals. This move challenges existing federal vehi...
Lemonade launched a new insurance product in Missouri offering Tesla drivers a 50% discount on miles driven using Tesla's Full Self-Driving (FSD) technology. This discount is based on Lemonade's analysis of crash data showing FSD reduces accident ris...
Lululemon has lowered its full-year sales and profit guidance again due to weak performance in China and rising competition in the U.S., expecting a 5-7% sales decline and lower earnings per share. Tesla has quietly launched its fully autonomous Cybe...
Tesla began offering rides in its new two-seat Cybercab in Austin, Texas, marking its first vehicle designed solely for autonomous driving without manual controls. The launch event was low-key, with no live footage or executive speeches, and the vehi...
Tesla has opened interest for businesses to buy Cybercab fleets or support infrastructure for its robotaxi network, indicating a move beyond running the service solely in-house. This marks a shift from Elon Musk's original vision of individual Tesla ...
