Opponents of a federal rule intended to protect investors might get some of what they want. In a court brief filed in a lawsuit in Minnesota today, the Labor Department said it has submitted to the Office of Management and Budget a proposal to delay implementing the remaining parts of its so-called fiduciary rule for […]
Read moreTesla is developing a long-haul, electric semi-truck that can drive itself and move in “platoons” that automatically follow a lead vehicle, and is getting closer to testing a prototype, according to an email discussion of potential road tests between the car company and the Nevada Department of Motor Vehicles (DMV), seen by Reuters. Meanwhile, California […]
Read moreThe Wisconsin state senate does not yet have enough votes to sign off on a huge Chinese investment that has been backed by President Donald Trump, according to the Milwaukee Journal Sentinel. Republican Scott Fitzgerald, majority leader in Wisconsin’s state senate, said he needs more time to do his due diligence on the massive $3 […]
Read moreThe top technology exec at the Chan Zuckerberg Initiative, the philanthropic investment vehicle founded by Mark Zuckerberg and his wife Priscilla Chan, is leaving the organization after less than a year. Brian Pinkerton, who joined CZI from Amazon last October to run all of its engineering efforts, emailed CZI staff this morning to announce he […]
Read moreIntel said on Wednesday that it will build a fleet of 100 cars to test self-driving technology, as the chip company tries to leapfrog rivals like Qualcomm and Nvidia. The cars will be highly automated “level 4” vehicles — one notch below fully autonomous cars but well above autopilot and other commonly used features that […]
Read moreThe internet comes for every sector of the media business, eventually. No one has a moat. So eventually, everyone in the media business has a choice: Change their business to adapt to the internet, or hang on to the old business, as long as they can. But the first option is really hard, and involves […]
Read moreSome traders are looking to make even more money from the world’s biggest stock, even after Apple shares have surged nearly 12 percent in the past month. While the prices of S&P 500 options have lingered around record lows, Apple options remain relatively well bid. This means traders collectively think Apple shares have a high […]
Read moreThe idea of guaranteeing a basic income for everybody has many obvious flaws but one overwhelming virtue. It enshrines the principle that every citizen is a valued member of society and has a right to share in its collective wealth. That conviction has animated radical thinkers for 500 years since the argument was first sketched […]
Read moreOne by one, some of the biggest names in tech are publicly supporting the idea of giving cash handouts to all Americans. The latest is self-made multimillionaire Stewart Butterfield, the CEO and co-founder of the workplace chat program Slack, which is reportedly in the process of raising $500 million at a $5 billion valuation. Butterfield […]
Read moreChinese gadget-maker Eufy announced the Genie on Wednesday, a copycat of the Amazon Echo Dot that will ship with Amazon’s smart Alexa assistant and will cost even less than the Dot. Stranger still — Amazon fully supports the company, which is a sub-brand of the more familiar “Anker,” best known for portable battery packs. This […]
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