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Baidu CEO: Jidu’s autonomous tech will be a generation ahead of Tesla

Robin Li, Baidu’s founder, chairman, and CEO, recently shared some bold predictions about the ROBO-01, a vehicle specifically designed to operate using autonomous driving technologies. The ROBO-01 will be produced by Jidu Auto, an intelligent electric vehicle company backed by Chinese internet giant Baidu and automaker Geely.  During its inaugural partner conference in Shanghai today, …

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Goldman says beware these stocks with unsustainable margins in a tough environment ahead

Investors should brace themselves for difficult times ahead, with some stocks in particular facing unsustainable margin growth expectations, according to David Kostin, chief U.S. equity strategist at Goldman Sachs. Stocks have been on a tear recently, with the S & P 500 up about 13% from a low reached in mid-June. Kostin noted that better-than-expected …

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Danger ahead: The U.S. economy has yet to face its biggest recession challenge

A person removes the nozel from a pump at a gas station on July 29, 2022 in Arlington, Virginia. Olivier Douliery | AFP | Getty Images You’d be hard-pressed now to find a recession in the rearview mirror. What’s down the road, though, is another story. There is no historical precedent to indicate that an …

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Workers in these two industries are the only ones coming out ahead right now

But in reality, only workers in two industries — leisure and hospitality and retail trade — are actually coming out ahead, once inflation is taken into account. Overall, wages and salaries for private industry workers rose by 4.2% between December 2019 and this past June, before rising prices are considered, according to an analysis of …

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Space factory startup Varda secures NASA partnerships ahead of demo flight next year

Varda co-founders Varda Space Industries Early stage Varda Space Industries has signed a pair of agreements with NASA, the company announced Friday, securing access to key technologies the company will need for the first demonstration of its space factory system. Varda’s goal is to develop a new method for manufacturing materials in space, an opportunity …

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Workers in these two industries are the only ones coming out ahead right now | CNN Business

CNN  —  At first glance, it looks like many Americans got big pay raises since the Covid-19 pandemic started. But in reality, only workers in two industries – leisure and hospitality and retail trade – are actually coming out ahead, once inflation is taken into account. Overall, wages and salaries for private industry workers rose …

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SpaceX addressing Falcon 9 rocket damage ahead of next NASA astronaut launch

A Falcon 9 rocket colliding with a bridge was responsible for the damage that delayed SpaceX’s next human launch. The Falcon 9  first stage was damaged during transport, a SpaceX representative told reporters during a briefing today (Aug. 4).  The briefing topic was SpaceX’s delayed Crew-5 mission, which is now slated to fly four individuals …

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Weekly jobless claims rise to 260,000 ahead of nonfarm payrolls report

A sign for hire is posted on the window of a Chipotle restaurant in New York, April 29, 2022. Shannon Stapleton | Reuters Initial claims for unemployment insurance totaled 260,000 last week, near the highest level since November amid a shift in the U.S. labor market. The total for the week ended July 30 was …

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Rare talks captaincy, personalisation, and waterfalls ahead of Sea of Thieves’ big new update

For those who’ve been with Sea of Thieves since its release back in 2018, the captaincy update is a thing of legend; originally intended to be the multiplayer pirate adventure’s very first post-launch update, it would give players the opportunity to acquire their own persistent vessel on the seas, and – in a proposition that …

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