The crash led to the death of 28-year-old motorcycle rider Jeffrey Nissen. A Tesla Model S car that was involved in a crash that killed a motorcyclist in the Seattle area in April was operating in "Full Self-Driving" mode at the time of the incident, police said.
Industry
Dow Closes Nearly 500 Points Lower Amid Concerns of a Potential Recession
The Dow had already plunged more than 700 points earlier in the session. Stocks tumbled Thursday, with the Dow Jones Industrial Average closing nearly 500 points lower after fresh data stoked concerns of a potential recession.
Apple Sees 5% Boost in Sales, Exceeding Analysts’ Expectations for Over $20 Billion in Profit
Apple's revenue was boosted by sales of Macs and iPads, which offset the weak demand for iPhones.
Meta's Stock Rises After Better-Than-Expected Q2 Earnings
Shares of the big tech company Meta jumped by about 7% in extended trading on July 31 after exceeding Wall Street expectations on revenue and profit for the second quarter of 2024.
Tesla Recalls 1.8 Million Vehicles Over Unlatched Hood Issues
Tesla's latest recall is the biggest since December, when it recalled 2.03 million vehicles to install safeguards in its Autopilot features.
Latest News
The lawsuit accused Meta of illegally collecting the biometric information of millions of Texans without consent.
Microsoft said that it would increase its spending on developing its artificial intelligence infrastructure despite a slowed growth in its cloud business.
The coffee giant's global sales dropped by 3% at all stores open for at least a year. Starbucks' sales tumbled globally as more US and international consumers rejected its high-priced coffees.
The Tesla analyst noted that he had to intervene on several occasions to avoid a crash during the test drive.
McDonald’s reported that its global sales dipped by 1% for the second quarter, the first time it has done so in over three years.
Delta Airlines has hired David Boies, prominent attorney and chair of law firm Boies Schiller Flexner, in order to seek damages from CrowdStrike and Microsoft after an outage this month that caused millions of computers to crash, including those in airports.
Bitcoin has surged to nearly $70,000, its highest since mid-June, driven by former President Trump's vow to make the US a crypto power in his speech during his campaign.
The Australian Stock Exchange (ASX) began its trading week strong after stocks based in the United States finished last week on the red, with investors continuing to bet that the Reserve Bank of Australia (RBA) would start cutting interest rates by September.
The payments company Lemon Squeezy announced that it has been acquired by competitor and industry giant Stripe for an undisclosed amount.
