Blog
By Alexandria Sage PALO ALTO, Calif. (Reuters) – Newer Tesla Motors Model S sedans will be able to steer and park themselves under certain conditions starting Thursday, the carmaker said, although Chief Executive Officer Elon Musk cautioned that drivers should keep holding the steering wheel. New “autopilot” features, designed for cars built after September 2014, will be available for customers in the United States, Tesla said. Tesla will provide the
By Deborah Todd SAN FRANCISCO (Reuters) – Yahoo’s next step in password security is to eliminate them altogether. Starting on Thursday, the company announced, users of the Yahoo Mail app on both iOS and Android will have access to a new service called Yahoo Account Key, which uses smartphones to verify identities in lieu of traditional passwords. Here’s how it works: When users who sign up for Account Key try
(Reuters) – Investors questioned Netflix Inc’s premium valuation after the video-streaming service reported U.S. subscriber additions below its own expectations, a sign that competition from the likes of Hulu is intensifying. Netflix shares fell more than 9 percent to $100.11 in early trading on Thursday. While Netflix blamed the disappointing numbers on the mandated transition to chip-based debit and credit cards, some analysts said the reason seemed unconvincing since these
Video-streaming service provider Netflix Inc reported third-quarter U.S. subscriber additions below its own forecast, blaming a transition to chip-based cards for the miss. Shares of Netflix, known for its original shows such as “House of Cards” and “Orange is the New Black”, plunged about 15 percent after the bell, before clawing back to trade down 2.4 percent. For Netflix, the switch meant that many of the older cards on its
By Andrew Chung NEW YORK (Reuters) – Apple’s potential damages in a patent fight with the University of Wisconsin’s licensing body could reach $400 million as a trial on the amount Apple owes for infringing a processor patent got under way on Wednesday, two people familiar with the case said. The figure is less than half the amount that U.S. District Judge William Conley cited last month as the Wisconsin
Join Midday Movers live now for the latest news on the markets, the economy and the biggest stories of the day.
China sold millions in US Treasurys in a few months. Does this spell doom for the US economy?
Bubble? Hardly. Yes, many $1 billion startups are overvalued. But when viewed together and weighed against the first dot-com boom, they still represent a blockbuster investing moment.
What hurdles must the U.S. economy surmount over the next two months in order for policy makers to justify a rate hike at the following meeting in December? Jeremy Lawson, chief economist at Standard Life Investments, has a checklist in mind.
Swatch has beaten Apple to mobile payments in China after launching a new watch.
