The California Department of Motor Vehicles gave General Motors-backed Cruise and Alphabet-owned Waymo the green light to start charging for autonomous services offered to the public. On Thursday, Cruise received a “driverless deployment permit,” which means it can receive compensation for services provided without a safety operator in the front seat. Waymo’s “drivered deployment permit” […]
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White house said top aide planned to discuss oil prices with Saudi Arabia
September 30, 2021 WASHINGTON (Reuters) – National security adviser Jake Sullivan planned on discussing high oil prices with Saudi Crown Prince Mohammed bin Salman during a meeting earlier this week, White House press secretary Jen Psaki said on Thursday. Psaki did not provide details of the conversation. (Reporting by Jarrett Renshaw; editing by Jonathan Oatis) […]
Factbox-Ready to taper or waiting for more data? Recent Fed officials’ comments
September 30, 2021 (Reuters) – The Federal Reserve has said it will start to reduce its bond purchases as soon as November if the economy continues on its current track. Some officials will watch the September jobs report, due Oct. 8, for a final bit of evidence that the labor market has achieved “substantial further […]
U.S. dollar slips from 1-year high on weak data, consolidation
September 30, 2021 By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar edged lower from a one-year high on Thursday in choppy trading, pressured a little bit by a rise in U.S. weekly jobless claims, with investors also consolidating gains after a steep rise the last few sessions. The greenback overall has been supported by the […]
Foreign automakers ask U.S. House Democrats to reject union EV tax credit
September 30, 2021 WASHINGTON (Reuters) – A group of 12 major foreign automakers, including Toyota Motor Corp, Volkswagen AG, Hyundai Motor Co and Nissan Motor Co, urged U.S. House of Representatives Democrats to reject a proposed $4,500 tax incentive for U.S-made electric vehicles by union workers. A House panel this month approved legislation to boost […]
Stocks continue decline as inflation fears persist
September 30, 2021 By Matt Scuffham NEW YORK (Reuters) – Global stock markets continued to fall Thursday as inflation fears persisted and expectations grew that the U.S. Federal Reserve will tighten policy in the coming months. Earlier in the week, global stock markets suffered their worst rout since January. A heavy sell-off in tech stocks […]
Growth marketing is not a magic trick, says Ellen Jantsch of Tuff
If you are looking for a growth marketing playbook, stop reading now, because you won’t get one from Tuff. The agency’s founder Ellen Jantsch makes it clear: There’s no one-size-fits-all when it comes to growth. The team at Tuff knows their stuff — and it’s precisely why they are not selling “magic” or any kind […]
Who needs a BaaS partner, anyway?
Over the last several years, a series of startups have emerged to cut through the complexity of launching financial services by offering technology that sits on top of partner banks’ infrastructure and enables developers to spin up bank accounts, payments and card capabilities through APIs. These banking-as-a-service (BaaS) startups promise to offer fintech capabilities to […]
Whole Foods co-founder John Mackey to step down as CEO next year
September 30, 2021 (Reuters) – Whole Foods Chief Executive Officer John Mackey will retire next September from his role at the Amazon.com Inc-owned company which he co-founded 43 years ago. In a letter to Whole Foods employees on Thursday, Mackey said the company’s chief operating officer, Jason Buechel, will take over as head of the […]
GM, Ford extend some production cuts due to chip shortage
September 30, 2021 By David Shepardson WASHINGTON (Reuters) -General Motors Co and Ford Motor Co said Thursday they will cut additional production because of the nagging semiconductor shortage that has hit global auto production. GM, the largest U.S. automaker, said it will extend by two weeks a halt to Chevrolet Blazer sport utility vehicle production […]
Singer Gloria Estefan reveals sexual abuse at age 9
September 30, 2021 LOS ANGELES (Reuters) – Latin singer Gloria Estefan has revealed that she was sexually abused at the age of 9 by a music teacher who was part of her family. The “Turn the Beat Around” singer spoke for the first time about the abuse on an episode of “Red Table Talk: The […]
U.S. House approves bill to avert government shutdown
September 30, 2021 WASHINGTON (Reuters) – A majority of the U.S. House of Representatives voted on Thursday to approve a Senate-passed measure that avoids a partial government shutdown by funding federal agencies into the new fiscal year that begins on Friday. The bill now goes to President Joe Biden, who is expected to sign the […]
Exclusive-Some 1,900 Colombian guerrillas operating from Venezuela, says Colombia military chief
September 30, 2021 By Luis Jaime Acosta BOGOTA (Reuters) – About 1,900 fighters belonging to Colombian rebel and crime groups are operating from Venezuela, where they plan attacks and participate in drug trafficking, the commander of Colombia’s armed forces said. The Colombian government has long said Venezuela’s leadership grants safe harbor to Colombian armed groups, […]
S.African president Ramaphosa eases COVID-19 restrictions to lowest level
September 30, 2021 CAPE TOWN (Reuters) – South African President Cyril Ramaphosa has eased restrictions aimed at combating the coronavirus pandemic to the country’s lowest alert level, the second such loosening this month as the country looks to open up its economy ahead of the summer holiday season. In a televised address, Ramaphosa announced the […]
Kosovo, Serbia agree deal to end border tensions
September 30, 2021 By Robin Emmott BRUSSELS (Reuters) -Kosovo agreed on Thursday to withdraw police units from its northern border with Serbia to end a mounting dispute over vehicle licence plates that briefly escalated into violence and prompted NATO to step up patrols. The accord negotiated in Brussels calms the latest flare-up in a decades-old […]
Pro-EU Dobrev wins first round of opposition primary to take on Hungary’s Orban
September 30, 2021 By Krisztina Than and Anita Komuves BUDAPEST (Reuters) – Klara Dobrev, a 49-year-old lawyer who favours closer ties with the European Union, won the first leg of an opposition primary contest on Thursday to pick Hungarian Prime Minister Viktor Orban’s challenger in a 2022 national election. Dobrev, who would be the first […]
Aurora shines spotlight on autonomous truck tech, strategy ahead of SPAC merger
On Interstate 45 in Texas, a billboard with “Aurora” emblazoned at the top in giant white letters offers a cryptic message: “A new way to drive is on the horizon.” It’s hard to know just how many of the thousands of drivers on this stretch of road know what that means or what Aurora is; […]
Facebook research shows company knew of Instagram harm to teens, senators say
September 30, 2021 By Sheila Dang and Paresh Dave (Reuters) – U.S. senators on Thursday grilled Facebook Inc on its plans to better protect young users on its apps, drawing on leaked internal research that showed the social media giant was aware of how its Instagram app harmed the mental health of teens. The hearing […]
Analysis: From chips to ships, shortages are making inflation stick
September 30, 2021 By Dhara Ranasinghe and Sujata Rao LONDON (Reuters) – Soaring gas prices, staff shortages, a lack of ships — price pressures globally may be picking up faster than anticipated, challenging the view that inflation will prove transitory. Central bankers, while adamant inflation will subside, are starting to concede it may stay higher […]
Biden prepares to scale back lofty goals as signature spending plan under threat
September 30, 2021 By Jarrett Renshaw and Trevor Hunnicutt WASHINGTON (Reuters) – President Joe Biden and his senior Democratic allies in Congress are preparing to lower their ambitions for a signature legislative achievement on their top social priorities. Faced with increasingly stiff odds of passing their $3.5 trillion social-spending proposal, Biden and his aides are […]