Uber and Lyft to turn the wheels on car ownership: industry experts

Uber and Lyft to turn the wheels on car ownership: industry experts
TORONTO (Reuters) – Ride-hailing apps like those of Uber Technologies and Lyft Inc are expected to alter the state of car ownership towards subscription-based services and shared ownership, auto industry experts said at a conference on Wednesday. FILE PHOTO: The Logo of taxi company Uber is seen on the roof of a private hire taxi in Liverpool, Britain, April 15,... Read More

Amazon shareholders reject facial recognition ban as concern grows in U.S. Congress

Amazon shareholders reject facial recognition ban as concern grows in U.S. Congress
(Reuters) – Amazon.com Inc on Wednesday said shareholders rejected proposals to curb and audit its facial recognition service, just as members of Congress indicated there was bipartisan support to one day regulate the technology. FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, May 13, 2019. REUTERS/Pascal Rossignol/File Photo In the past year... Read More

Amazon shareholders reject proposal to ban facial recognition sales to governments

Amazon shareholders reject proposal to ban facial recognition sales to governments
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, May 13, 2019. REUTERS/Pascal Rossignol/File Photo (Reuters) – Amazon.com Inc shareholders rejected proposals to curb and audit the company’s facial recognition service, a spokeswoman said on Wednesday. The first proposal would have called on Amazon to stop offering facial recognition to governments unless its... Read More

Meet ‘Digit’, the walking robot for Ford self-driving vans

Meet ‘Digit’, the walking robot for Ford self-driving vans
(Reuters) – Ford Motor Co said on Wednesday it was partnering with walking robots maker Agility Robotics as it designs a planned fleet of self-driving delivery vans that will drop packages at the doorsteps of people’s homes. An undated handout image of Digit, a two-legged walking robot that can lift packages that weigh up to 40 pounds. Tim LaBarge/Ford/Handout via... Read More

Kohl’s chops profit forecast after dismal first quarter, shares slump

Kohl’s chops profit forecast after dismal first quarter, shares slump
(Reuters) – Kohl’s Corp cut its full-year profit forecast and reported lower-than-expected quarterly results as the department store chain sold fewer full-price spring apparel and saw weak demand for home goods, sending its shares down as much as 14%. The sign outside a Kohl’s store is seen in Broomfield, Colorado February 27, 2014. REUTERS/Rick Wilking Company executives, during a post-earning... Read More

Self-driving trucks begin mail delivery test for U.S. Postal Service

Self-driving trucks begin mail delivery test for U.S. Postal Service
(Reuters) – The U.S. Postal Service on Tuesday started a two-week test transporting mail across three Southwestern states using self-driving trucks, a step forward in the effort to commercialize autonomous vehicle technology for hauling freight. The TuSimple self-driving truck is pictured in this undated handout photo obtained by Reuters May 20, 2019. TuSimple/Handout via REUTERS San Diego-based startup TuSimple said... Read More

China rebuffs Trump claim U.S. tariffs are making firms leave

China rebuffs Trump claim U.S. tariffs are making firms leave
BEIJING (Reuters) – Foreign investors remained enthusiastic about China, the foreign ministry said on Tuesday, following U.S. President Donald Trump’s claim that his tariffs are causing companies to move production away from the world’s second largest economy. A labourer works outside a logistics center near Tianjin Port, in northern China, May 16, 2019. REUTERS/Jason Lee Trump said in an interview... Read More

U.S. airline group sees record summer travel, despite 737 MAX grounding

U.S. airline group sees record summer travel, despite 737 MAX grounding
FILE PHOTO: Travelers go through O’Hare International Airport before the Thanksgiving Day holiday in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski/File Photo WASHINGTON (Reuters) – U.S. summer air travel will hit a new record this year despite the grounding of Boeing’s 737 MAX aircraft after two fatal crashes, a group representing major airlines said on Tuesday. Airlines for America,... Read More

Worries of longer, costlier U.S.-China trade war hits markets

Worries of longer, costlier U.S.-China trade war hits markets
WASHINGTON/BEIJING (Reuters) – Worries that the United States and China were digging in for a longer, costlier trade war weighed on financial markets on Monday as Beijing accused Washington of harboring “extravagant expectations” for a deal to end their dispute. Investors added up the costs of higher tariffs on Chinese and U.S. goods as well as the effects of severe... Read More

Tesla stock and bonds tumble as investors fret about costs and safety

Tesla stock and bonds tumble as investors fret about costs and safety
SAN FRANCISCO (Reuters) – Tesla’s stock and bonds tumbled on Monday as investors worried about the automaker’s cash burn and problems with an Autopilot system that CEO Elon Musk has held out as key to the electric car maker’s future. FILE PHOTO: People visit a Tesla booth during the media day for the Shanghai auto show in Shanghai, China April... Read More