On Thursday, Tesla made its Cybercab robotaxi available to riders in Austin, Texas. Soon after, the National Highway Traffic Safety Administration said it was investigating the launch. Tesla CEO Elon Musk unveiled the Cybercab in October 2024, noting the vehicle would go into production “before 2027.” Production indeed kicked off in April 2026, though Musk
WASHINGTON — Federal Reserve governor Christopher Waller said Thursday that an inflation report next week will largely determine whether he supports an interest rate hike later this month or not. The government will release August inflation figures Sept. 11, and if that report shows inflation continues to cool, then Waller said he would be willing
The Federal Reserve Bank of Kansas City’s annual economic symposium in Jackson Hole, Wyoming, which featured Kevin Warsh’s first speech as chairman, is winding down Saturday. Here are some of the key takeaways from the conference: Warsh Emerging Warsh used a keynote speech to hammer home a message that curbing inflation is the central bank’s
Four years after the collapse in the market for NFTs, the crypto world is still reckoning with the fallout. The latest example came on Wednesday when the Department of Justice indicted a man on securities and wire fraud charges for allegedly orchestrating a $10 million cryptocurrency scheme through his crypto startup, Few and Far. The
National Highway Traffic Safety Administration (NHTSA) Administrator Jonathan Morrison issued a directive to autonomous vehicle (AV) developers on Wednesday, stating that it is unacceptable for their vehicles to interfere with first responders or authorities. Morrison noted in the letter that the agency has “identified a clear pattern of driverless autonomous vehicles interfering with law enforcement
