Tesla ‘very close’ to next step in self-driving, Elon Musk says

Tesla is “very close” to bringing its self-driving car tech to the next level, chief executive Elon Musk said Thursday. In remarks made via video message at the opening of Shanghai’s annual World Artificial Intelligence Conference, Musk said that he is “confident” that Tesla will achieve “the basic functionality for level 5 autonomy” this year, […]

Wells Fargo preparing to cut thousands of jobs: Report

Small bank used financial tech to distribute coronavirus PPP loans Cross River Bank president and CEO Gilles Gade says being technology-driven helped his bank quickly get loans to businesses who needed it following the coronavirus outbreak. Wells Fargo is preparing to cut thousands of jobs later this year in an effort to reduce costs, according to […]

US workers file 1.3 million more jobless claims as coronavirus total nears 50 million

The coronavirus crisis has forced American workers to file nearly 50 million applications for unemployment benefits in just four months, including 1.3 million last week, new federal data show. Thursday’s figures from the US Department of Labor suggest the virus has sidelined more than 30 percent of the nation’s workforce at some point since mid-March […]

Who is Jenny Durkan? What to know about the Seattle mayor

3 reasons why this billionaire is moving company from Seattle to Austin Rex Teams founder and CEO Peter Rex discusses moving his company from Seattle, Washington, to Austin, Texas, which he says is a business-friendly tech hub that has a lower cost of living that will benefit his employees. Seattle Mayor Jenny Durkan, a Democrat, […]

European Commission Expects GDP To Drop 8.7%

The European Commission cut its GDP forecast for 2020. Its economists expect an 8.7% drop this year. This is a downward revision of its last forecast. GDP is expected, the body said, to rebound by 6% in 2021. The EC described it as the largest contraction since WWII. The group handicapped the greatest risk: Given […]

Eurozone Sentix Investor Confidence Rises For Third Month

Eurozone investor confidence improved for the third straight month in July but outlook remained weak as the economy is expected to recover only slowly, survey results from the behavioral research firm Sentix showed Monday. As member countries began easing the covid-19 containment measures, retail sales rebounded at a faster than expected pace in May, official […]

Germany’s Factory Orders Recover In May

Germany’s factory orders recovered on robust demand from both domestic and foreign markets in May as containment measures taken to curb the spread of coronavirus were relaxed, data released by Destatis revealed Monday. Factory orders advanced 10.4 percent month-on-month in May, reversing a sharp 26.2 percent fall posted in April. This was the first increase […]

Companies returned $30B in coronavirus relief loans from PPP

SBA: PPP saved 51M jobs The Small Business Administration has released new Paycheck Protection Program data. FOX Business’ Edward Lawrence with more. Companies returned or canceled more than $30 billion in taxpayer-funded loans obtained through the Paycheck Protection Program, a rescue fund designed to help small businesses weather the coronavirus-induced recession, a senior administration official said […]

Sky TV charged my mother a fortune and she can’t leave

I’m writing on behalf of my 82-year-old mother who has been a long-term Sky customer for TV, broadband and phone. In March, her TV service stopped working and we tried and failed to get Sky to fix it via its online system. As we investigated, it emerged that my mother was paying £85 a month, […]

These are the richest billionaires in every state this year: report

Protesters outside Amazon’s Jeff Bezos’ home set up guillotine FOX Business’ Cheryl Casone gives details on demonstrators setting up a guillotine in front of Amazon CEO Jeff Bezos’ home. There are more than 600 billionaires in the U.S., but only a few can be recognized as the richest person in each state. Continue Reading Below […]