Podcast: S&P 500 Hit a New Record Thursday
🎧 Listen to the Minute Briefing podcast, or read more below:
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
Dow falls 600 points, Tesla Europe sales, T. Rowe Price earnings
Here are some of the stories Wall Street is watching on Friday, Aug. 1. All three major indexes (^DJI, ^GSPC, ^IXIC) are falling after the July jobs report revealed slower-than-expected job growth. Tesla (TSLA) sales fell in July in several key European regions, including France, the Netherlands, Denmark, and Sweden, though registrations in Spain and Norway rose. T. Rowe Price (TROW) posted better-than-expected second quarter results. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. It's time for Yahoo! Finance's Market Minute. Stocks sinking in the first trading day of August after President Trump officially hit virtually every US trading partner with sweeping tariff hikes. Investors also weighing the latest jobs report that shows signs of a labor market slowdown, the US labor market adding fewer jobs than expected in July, while the unemployment rate moved higher. Turning to Tesla, the EV maker continues to see sales weakness in Europe. Registration data, proxy for sales, was lower for key regions such as France, Netherlands, and Denmark. However, some bright spots for Tesla, too, as registrations for Spain and Norway climb. Lastly, T. Rowe Price reporting better than expected earnings for the second quarter. Meanwhile, assets under management roughly met analyst expectations. Company highlighting it has developed a broad and ongoing plan to reduce its expense growth over time while continuing to invest in capabilities and client reach. And that's your Yahoo! Finance Market Minute. For more on what's trending on Yahoo! Finance, scan the QR code below. Related Videos Apple is still 'behind the 8 ball' as its AI push falls behind Bond yields drop, Figma's volatility, Palantir-Army deal What Trump's tariff hikes could mean for Apple & Amazon Kimberly-Clark, Roku, Joby Aviation: Trending Tickers Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25 minutes ago
- Yahoo
Jury says Tesla must pay $329 million for a deadly crash involving Autopilot
MIAMI (AP) — A Miami jury ordered Elon Musk's car company on Friday to pay $329 million to victims of a deadly crash involving its Autopilot driver assist technology, opening the door to other costly lawsuits and striking a blow to Tesla's reputation for safety. The federal jury held that Tesla bore significant responsibility because its technology failed and that not all the blame can be put on a reckless driver, even one who admitted he was distracted by his cell phone before hitting a young couple out gazing at the stars. The decision comes as Musk seeks to convince Americans his cars are safe enough to drive on their own as he plans to roll out a driverless taxi service in several cities in the coming months. The decision ends a four-year long case remarkable not just in its outcome but that it even made it to trial. Many similar cases against Tesla have been dismissed and, when that didn't happen, settled by the company to avoid the spotlight of a trial. Bernard Condon And David Fischer, The Associated Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
26 minutes ago
- Business Insider
Tesla found partly to blame in trial over deadly Autopilot crash
In a major blow to Tesla, a Florida federal jury on Friday found Elon Musk's electric car company partly to blame for a 2019 crash that left a 22-year-old woman dead and her boyfriend seriously injured. The jury sided with the plaintiffs, awarding the family of Naibel Benavides Leon and her boyfriend, Dillon Angulo, a combined $329 million in total damages. The verdict marks a substantial setback for Tesla and its Autopilot driver-assistance feature that the attorneys for the plaintiffs said was engaged at the time of the deadly collision and had design flaws. It follows a three-week civil trial that included testimony from Angulo, Benavides Leon's family members, and the driver of the Tesla that plowed into a parked SUV and struck the couple as they were stargazing outside the vehicle alongside a Key Largo road. The case stems from a wrongful death lawsuit that the plaintiffs brought against Tesla. The lawsuit argued that the car maker's vehicles were "defective and unsafe for their intended use." Tesla, the lawsuit said, programmed Autopilot "to allow it to be used on roadways that Tesla knew were not suitable for its use and knew this would result in collisions causing injuries and deaths of innocent people who did not choose to be a part of Tesla's experiments, such as Plaintiffs." "Despite knowing of Autopilot's deficiencies, Tesla advertised Autopilot in a way that greatly exaggerated its capabilities and hid its deficiencies," said the lawsuit, which pointed to multiple comments from Musk touting the safety and reliability of the software. Tesla driver George McGee had Autopilot on when his 2019 Model S blew past a stop sign and a flashing red light at a three-way intersection and plowed into Angulo's mother's Chevrolet Tahoe at more than 60-miles-per-hour, the lawsuit said. McGee — who previously settled a separate lawsuit with the plaintiffs for an undisclosed amount — said he had dropped his cellphone during a call and bent down to pick it up moments before his Tesla, without warning, T-boned the Tahoe. He testified during the trial that he thought of Autopilot, which allows the vehicle to steer itself, switch lanes, brake, and accelerate on its own, a "copilot." "My concept was it would assist me should I have a failure" or "should I make a mistake," McGee said in testimony, adding, "I do feel like it failed me." "I believe it didn't warn me of the car and the individuals and nor did it apply brakes," McGee testified. Attorneys for Tesla have argued that McGee was solely responsible for the April 25, 2019, crash. In the trial's opening statements, Tesla attorney Joel Smith said the case was about a driver, not a "defective vehicle," and had "nothing to do with Autopilot." "It's about an aggressive driver, not a complacent driver, a distracted driver who was fumbling around for his cellphone," Smith said. "It's about a driver pressing an accelerator pedal and driving straight through an intersection." Tesla's attorneys said that just before the crash, McGee hit the accelerator, overriding the vehicle's set cruising speed of 45 miles per hour and its ability to brake on its own. Autopilot mode, Tesla says on its website, is "intended for use with a fully attentive driver, who has their hands on the wheel and is prepared to take over at any moment."
