President Joe Biden announced Thursday the daily release of 1 million barrels of oil from the country’s reserves for the next six months as a way to bring down gas prices that have been breaking recor...
Tag: automobiles
Is it OK to use the lowest-grade gas? Here’s a guide to the different types of fuel.
Selecting a grade of gasoline simply because it has a higher octane rating might not be the best choice for your car or your budget. While some vehicles can benefit from premium gas, most drivers can ...
Remember the stock market before the war in Ukraine? JP Morgan says negativity is overblown, offers 4 hedges
“Markets appear to have been trafficking in an odd mix of hope, fear and uncertainty.” That was Mizuho Bank, summing up the state of play for markets since Russia’s invasion of Ukraine nearly three we...
Dealers are desperate to get their hands on your leased car—how you might make that pay off
That car you leased three years ago probably has become a cash cow. But deciding what to do with that equity — and what to drive next — has become confusing. Before the car market was turned upside do...
‘We need to increase oil & gas output immediately,’ Elon Musk says as Ukraine crisis jolts U.S. crude to 2008 high
Elon Musk voiced an unusual stance for an electric-vehicle executive on Friday. Tesla Inc.’s TSLA, -0.12% chief executive said the U.S. needs to immediately increase production of oil and gas in a twe...
Meritor shares headed toward 24-year high after Cummins buys axle, braking and powertrain maker for $3.7 billion
Shares of Meritor Inc., a maker of axle, braking and electric powertrain components, were headed toward a 24-year high Tuesday, after the company announced a deal to be acquired by diesel truck engine...
Elon Musk gave 5 million Tesla shares to charity after teasing possible donation to fight world hunger
Tesla Inc. Chief Executive Elon Musk donated more than 5 million Tesla shares in November, days after the U.N. World Food Program outlined a plan to potentially use a $6 billion donation from the worl...
Billionaire George Soros reveals stake in Rivian, sells some tech shares
Billionaire George Soros’ investment fund has taken a more than $1 billion stake in electric-pickup maker Rivian Automotive Inc. According to a filing with the Securities and Exchange Commission on Fr...
The Ethical AI Question Of Whether Self-Driving Cars Ought To Be A Good Samaritan And Forewarn When Human-Driven Cars Are Going To Crash Into Each Other
When driving, mind your own business or help other drivers, that’s the question to be pondered. getty Mind your own business. That’s a common refrain about not sticking your nose into the activi...
Amazon holiday earnings blow away expectations (thanks to Rivian), stock spikes
Amazon.com Inc. executives thought that supply-chain and staffing concerns could wipe away their holiday profit. They were wrong. Amazon AMZN, -7.81% reported fourth-quarter profit of $14.3 billion, o...
Bears beware. Past corrections for the S&P 500 are only 15% on average, outside of recessions
Even after a rough January for Wall Street, it might take the U.S. economy slipping into a recession before the S&P 500 index risks entering a bear market, according to Oxford Economics. “Equities...
Fed rate hikes are coming — how to tackle your savings, mortgage, car payments and credit-card debt in advance
Wall Street investors and Washington D.C. lawmakers are closely listening to what Federal Reserve Chairman Jerome Powell says Wednesday about the central bank’s next steps in its fight against decades...
Latest Jolting AI Ethics Concern Is That AI Can Inextricably Embody Political Biases, Including Even In The Innocuous Case Of AI-Based Self-Driving Cars
AI Ethics is adding a new topic, namely the infusion of politics into our AI, which an example via … [+] the advent of self-driving cars helps illustrate. getty Let’s talk politics. Well, I real...
How to buy a car from the factory and save money
With vehicles in short supply at the dealership, more shoppers are ordering cars from the factory. In return for a wait of a few weeks — or months — you get exactly what you want. In the current marke...
The yield curve is no longer sending a don’t-worry-be-happy signal, warns bond king Jeffrey Gundlach
The S&P 500 SPX, +0.28% snapped a five-session losing streak on Tuesday, after Federal Reserve Chairman Jerome Powell vowed the central bank would use its “tools” to get inflation under control wi...
Flagging Down A Roaming AI Self-Driving Car Robo-Taxi Might Not Be In The Cards
Hailing a ride in an era of Ai-based self-driving cars. getty Not so long ago, it seemed that the hailing of a cab required long arms and a capacity to wave frantically to catch the eye of the taxi dr...
Tesla deliveries surge 87% in 2021, smash quarterly record
Tesla Inc. delivered more than 308,000 vehicles in the fourth quarter, blowing away analysts’ expectations, and saw deliveries surge about 87% in a year that saw the electric-vehicle maker top $1 tril...
Be Resolute To Reduce That Nighttime Artificial Light Pollution, Which AI Self-Driving Cars Can Help Solve (But Doing So Will Be Tricky)
Artificial light pollution via car headlights and how self-driving cars will fare. getty Let there be darkness. That is the potential catchphrase for those that are concerned about nighttime light pol...
Weekend reads: the slowing housing market and inverted yield curve signal a coming recession
It is human nature to fear missing out as prices skyrocket, But all bubbles burst eventually. Ian Shepherdson of Pantheon Macroeconomics predicts a 25% decline in U.S. home sales. What will that do to...