Uber shuts its self-driving truck unit

Uber shuts its self-driving truck unit
Uber Technologies Inc. is shutting down its self-driving truck program to focus on its autonomous cars instead. Two years ago, Uber acquired Anthony Levandowski’s self-driving truck startup Otto for an estimated $220 million. Uber later fired Levandowski after allegations from his previous employer, Alphabet’s GOOGL, -1.82% GOOG, -1.51%  Waymo, that he stole trade secrets, which resulted in a lawsuit against... Read More

The Wall Street Journal: North Korea has built new facilities at missile site, satellite photos show

The Wall Street Journal: North Korea has built new facilities at missile site, satellite photos show
SEOUL — North Korea has constructed two new buildings at a missile facility in the northern suburbs of Pyongyang and appears to be actively continuing production there, according to an analysis of newly available commercial satellite imagery, the latest sign of continued progress in the country’s nuclear and missile program. The satellite imagery, which was captured on Sunday by San... Read More

The Wall Street Journal: Despite threats, Trump willing to delay shutdown until after midterm election

The Wall Street Journal: Despite threats, Trump willing to delay shutdown until after midterm election
WASHINGTON — President Trump has been threatening to close down the government if Congress doesn’t meet his immigration priorities, but he has privately agreed to put off a potential shutdown or any fight over border wall funding until after the midterm elections, an administration official said Monday. In recent days Trump has been warning that he will accept a shutdown... Read More

The Wall Street Journal: States sue to block online distribution of 3D-printed guns

The Wall Street Journal: States sue to block online distribution of 3D-printed guns
Eight states filed suit Monday to block a pro-gun group from distributing files online for making firearms with 3D printers. A recent settlement between the group, Defense Distributed, and the State Department that allowed the files to be posted has spurred outcry from gun-control groups and Democratic lawmakers. They say it will allow people to avoid background checks by using... Read More

Earnings Outlook: Square earnings: Cash may Boost your wallet more than the company — for now

Earnings Outlook: Square earnings: Cash may Boost your wallet more than the company — for now
Square Inc. got its start by enabling small businesses to accept credit-card payments, but its future could be more focused on Cash. The company’s consumer-oriented initiatives are centered on money-transfer platform Square Cash, which now lets users do more than just send money to friends. Cash has received a fair bit of attention in recent quarters because it’s where Square... Read More

Market Extra: This ‘prophet of doom’ predicts stock market will plunge more than 50%

Market Extra: This ‘prophet of doom’ predicts stock market will plunge more than 50%
Look out below! John Hussman, president of Hussman Investment Trust, describes himself as an economist, a philanthropist, and a “realist optimist often viewed as a prophet of doom” on his Twitter profile. That last bit may be the one investors care about on Monday as the stock market shows signs of unraveling on the back of the tech sector’s stumble.... Read More

Market Snapshot: A third straight bludgeoning for tech stocks drives Nasdaq to 3-week closing low

Market Snapshot: A third straight bludgeoning for tech stocks drives Nasdaq to 3-week closing low
Investors continued to dump Facebook shares. An unraveling of popular technology bets on Monday, marked by a third straight session in the red, helped to push the tech-laced Nasdaq Composite Index to its lowest close in more than three weeks. How did the main benchmarks fare? The Nasdaq Composite Index COMP, -1.39% shed 107.41 points, or 1.4%, to 7,630, marking... Read More

The Tell: How a tech meltdown could be contained

The Tell: How a tech meltdown could be contained
If the lengthy rally in the U.S. information-technology sector comes to a halt, it will be challenging for the broader stock market to end the year with positive returns. However, it won’t be impossible, according to some analysts. Much will depend on how well the health care, consumer discretionary, financials and industrials perform over the next several months. While it’s... Read More

The New York Post: Trump administration weighs $100-billion tax break for capital gains

The New York Post: Trump administration weighs $100-billion tax break for capital gains
The Trump administration is studying a plan to cut capital gains taxes by $100 billion over 10 years by factoring in inflation, it was reported Monday. Treasure Secretary Steven Mnuchin said in an interview on the sidelines of the Group of 20 summit meeting in Argentina earlier this month that his department was studying whether it could issue regulations on... Read More