Apple said that its first autonomous vehicle crash in California occurred last week. The accident during an autonomous driving test took place at 2:58 p.m. Pacific time on Aug. 24, in Santa Clara, near Apple’s headquarters in Cupertino. The vehicle was a Lexus RX450h (which Apple has used in its car research), according to the
Month: August 2018
It’s the sort of rescue mission that, on film, might have required the likes of a James Bond to pull off, something that would seem apropos considering Aston Martin has long been the brand of choice for super-spy 007. Not that many years ago, the British automaker seemed teetering on the edge of what could
Millennials are drawn to high-deductible health plans for a few reasons. The amount of the deductible may seem daunting, “but your premium is much lower,” Oldham said. “You are telling the insurance company you’re in pretty good health.” Decades of growth on pre-tax money makes the HSA a powerful savings vehicle for your retirement years,
However, the group could hit a ceiling here, according to Bill Baruch, president of Blue Line Futures. “This sector has been on fire and to play devil’s advocate I want to take a look at where the resistance can come in,” Baruch told CNBC’s “Trading Nation” on Thursday. “If you look back at the 2015
Canadian marijuana producer Cronos Group‘s stock never should have been valued as high as it is now, according to short-seller Andrew Left. “Why would I not be short the stock? It’s a very competitive industry. I think they are a subpar player. I think they have a lot of issues,” Left said on CNBC on
One of the most common errors is not being aware of your own limits, he told CNBC’s “Trading Nation” on Thursday. “We all think we’re above-average investors, which obviously cannot be true. So we overestimate our ability to beat the crowd, and then we also overestimate our ability to tolerate risk,” he explained. When the
Wells Fargo has been investigating internal complaints of gender bias in its wealth management division for months and is looking into at least one formal human resources complaint about the division’s head, a man, according to a report in The Wall Street Journal on Friday. Female executives at Wells Fargo have raised concerns about gender
President Donald Trump is looking for ways to make it easier for Americans to save and spend in retirement. Specifically, an executive order Trump signed seeks a review of how required minimum distributions from 401(k) plans and individual retirement accounts are calculated, and for regulators to see how small businesses can more easily band together
Canopy Growth CEO Bruce Linton told CNBC Friday the cannabis company is well ahead of its rivals in becoming the leading brand in legal marijuana but still needs to improve. “When I need to find information, I use Google. When I think about web services, I use Amazon,” said Linton, whose Canada-based company has partnered
Ulta Beauty shares rebounded Friday morning after falling in after-hours trading Thursday, as the makeup retailer announced it will be bringing Kylie Cosmetics to its stores, exclusively, ahead of the holiday season. The stock skyrocketed as much as 10 percent, hitting a 52-week high of $268.88. The shares had fallen more than 6 percent in
Imagine you invested $100,000 in 2000. Today that amount has grown to $400,000. Under the current rules, the capital gain would be $300,000, and you’d pay 20 percent on that (if you were a high earner), or $60,000. Under the current proposal, however, your tax liability would drop to $50,000 because your original investment, accounting
Cutting estimates for Electronic Arts “highlights risks of a back-end loaded year, crowded holiday title slate and continued Fortnite pressure” on Activision, the note said. Activision Blizzard shares closed down 2.7 percent Friday, while EA shares fell 2.2 percent. The analyst lowered his price target to $126 from $159 for EA shares. He also reduced
“Beginning investors should make sure that they aren’t always following the herd mentality,” says Todd Burkhalter, CEO of Drive Planning, a financial consulting firm based in Georgia. Aside from the standard lineup of stock and bond funds, young investors, he says, should consider holdings like private placement investments in real estate and energy industries –
Generally speaking, though, it’s best not to focus only on the dollar amount of the discount, Jones said. “That amount can be eye-popping,” he said. “But you have to put it in the context of the price.” For illustration purposes: While $5,000 off of a $30,000 car is close to a 17 percent discount, that
The cuts follow a spate of even bigger cuts earlier this year. The $250 million mansion in Bel Air California known as “The Billionaire” became America’s most expensive listing when it came onto the market for $250 million in 2017. In April, the price was cut by a massive $62 million, to $188 million. Brokers
Emile Wamsteker | Bloomberg | Getty Images A customer exits a Big Lots store in Clifton, New Jersey. Shares of Big Lots plunged Friday after the discount retailer reported second-quarter earnings that fell short of Wall Street expectations. The company’s stock dropped more than 9 percent, adding to its 14.7 percent decline this year. The
After you have made a connection with a potential suitor, some of the real work begins. After all, this is where con artists like Pierce put their schemes into action. Gina had found Pierce online in 2015. She was recently divorced, looking to make a fresh start, and Pierce seemed to say all the right
Check out the companies making headlines before the bell: Coca-Cola – Coca-Cola struck a deal buy Costa, the world’s second-largest coffee chain, from Britain’s Whitbread for $5.1 billion, including assumed debt. Costa has nearly 4,000 locations across a variety of international markets. Lululemon – Lululemon reported second-quarter profit of 71 cents per share, well above
PETALING JAYA (Aug 31): Prasarana Malaysia Bhd chief executive officer Masnizam Hisham has expressed appreciation to the Finance Ministry for the issuance of bonds to pay the salaries of its 17,000 employees “I am grateful and would like to thank the Finance Ministry for approving the issuance of sukuk/bonds that will allow the salaries of Prasarana staff
Captaining your country in an international soccer competition is tough enough, but the stakes have been raised for South Korea’s Son Heung-min this year. The attacker, who plays his club soccer with Tottenham Hotspur in England’s Premier League, has been representing his country at the Asian Games in Jakarta, where only a gold medal will
SEREMBAN (Aug 31): Housing and Local Government Minister Zuraida Kamaruddin has advised buyers to understand the National Housing Policy so that they do not face future risks including that of abandoned housing projects. She said this was important as the policy drawn up by the government was a guide for developers and buyers. “However, it applies
Activist investor Daniel Loeb’s hedge fund Third Point is speaking to consumer industry executives as it seeks to fill a slate of nominees to challenge Campbell Soup’s board of directors, according to people familiar with the matter. Third Point, which holds a 5.65 percent stake and has been pushing for a sale of Campbell Soup,
GEORGE TOWN (Aug 31): As today marks the final day before the implementation of the Sales and Service Tax (SST), consumers are seen leaving a supermarket with items bought in bulks. A check by Bernama at Penang GAMA supermarket found that the premises was already filled with shoppers queueing up to the cashier counters even during the first
KUALA LUMPUR (Aug 31): The police recorded a statement on Thursday from Finance Minister Lim Guan Eng on the RM16.046 bil excess tax payments which was not refunded to taxpayers over the past six years. In his statement, Lim said the police were investigating the case as criminal breach of trust under Section 409 of the Penal Code
KUALA LUMPUR (Aug 31): The 61st National Day celebration was enlivened with the participation of Malaysians from all walks of life and diverse racial backgrounds, reflecting a spirit of patriotism and love for Malaysia at the various locations nationwide. In addition to the glittering celebrating at the Dataran Putrajaya themed “Sayangi Malaysiaku” or Love my Malaysia, the states also held National Day celebration
Despite global trade and tariff tensions, one of the world’s biggest indexers is pushing ahead with plans to include mainland China stocks in its indexes. That means investors in most global funds will be owning more China stocks in the next few years. It couldn’t come at a better time for China. The trade wars
“Every time bitcoin was in the news, be it positive or negative, the price went up accordingly,” van der Burgt said in a phone interview with CNBC on Wednesday. Van der Burgt said the correlation between Google searches for bitcoin and the cryptocurrency’s price was almost a “perfect match” until the end of 2017. He
All eyes are on Budget 2019, which is to be tabled in Parliament by Finance Minister Lim Guan Eng on Nov 2. The end of the tax holiday with the reintroduction of the Sales and Services Tax (SST 2.0) on Sept 1 could cut short the patience of the people, especially those keeping tabs on
Getty Images National Rifle Association members look over pistols in the Smith & Wesson display at the 146th NRA Annual Meetings & Exhibits on April 29, 2017 in Atlanta, Georgia. Check out the companies making headlines after the bell: American Outdoor Brands shares skyrocketed 20 percent in the extended session after a first-quarter earnings beat.
Of the big technology stocks, Apple is the most concerning, veteran technology investor Paul Meeks told CNBC on Thursday. “Of all the FAANGs, the one I am frankly most worried about is Apple,” Meeks said on “Power Lunch.” The ecosystem “is all based on the number of iPhone users, and we are seeing a slowdown
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