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Tesla is slow in reporting crashes and the feds have launched an investigation to find out why

NEW YORK (AP) — Federal auto safety regulators are investigating why Tesla has repeatedly broken rules requiring it to quickly tell them about crashes involving its self-driving technology, a potentially significant development given the company’s plans to put hundreds of thousands of driverless cars ...
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Exclusive-Whitestone REIT may face board challenge by hedge fund Emmett Investment, sources say

By Svea Herbst-Bayliss NEW YORK (Reuters) -Hedge fund Emmett Investment Management is gearing up for a possible board room fight at Whitestone REIT and may nominate directors to the shopping center operator’s six-person board, two people familiar with the matter told Reuters. Emmett, a New York-based ...
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Apple boosts subscription price for TV+ to $12.99

(Reuters) -Apple will raise the price of streaming service Apple TV+ by $3 starting Thursday, following a similar move by Comcast-owned NBCUniversal’s Peacock. The ad-free streaming service will now cost $12.99 per month, up from $9.99 earlier, for new subscribers in the U.S. and select ...
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US flight attendants are fed up like their Air Canada peers. Here’s why they aren’t likely to strike

At the end of work trips, Nathan Miller goes home to a makeshift bedroom in his parents’ house in Virginia. The 29-year-old flight attendant is part of a PSA Airlines crew based in Philadelphia, but Miller says he can’t afford to live there. He makes ...
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Hedge funds picked WH Smith as a top short before share slump, Hazeltree data shows

By Nell Mackenzie LONDON (Reuters) -Hedge funds and speculators picked WH Smith as their top target for short selling in July, before the British travel retailer announced an accounting error on Thursday that sent its shares tumbling more than 45%. WH Smith lowered its annual ...
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US and EU release details for tariffs on cars, pharmaceuticals

(NEW YORK) -- The United States and European Union on Thursday released new details of their trade agreement, including tariff levels for consumer staples like pharmaceuticals and autos.Prior to the agreement last month, the European Union faced the prospect of a 30% tariff rate. Instead, products ...
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Gryphon to sell Shermco to Blackstone for about $1.6 billion

(Reuters) -Private investment firm Gryphon Investors said on Thursday it had agreed to sell Shermco, its portfolio company, to Blackstone in a deal valued at about $1.6 billion. Irving, Texas-based Shermco provides comprehensive electrical system services, as well as critical services for data centers, utilities ...
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BlackRock research arm bigs up hedge funds to investors

LONDON (Reuters) -The BlackRock Investment Institute believes investors should bulk up their exposure to hedge funds, the company said on Thursday. The research arm of the asset manager suggests investors dedicate up to 5% of their portfolios to hedge fund investments, the highest the institute ...
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Sony raises the price of the Playstation 5 in the US

NEW YORK (AP) — Sony has raised the price of its PlayStation 5 consoles being sold in the United States by $50. “Similar to many global businesses, we continue to navigate a challenging economic environment,” Sony Global Marketing Vice President Isabelle Tomatis wrote in a ...
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US home sales rose in July as mortgage rates eased, home prices grew more slowly

Sales of previously occupied U.S. homes rose in July as homebuyers were encouraged by a modest pullback in mortgage rates, slowing home price growth and the most properties on the market in five years. Existing home sales rose 2% last month from June to a ...
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US business activity picks up in August, factories lead the way – survey

(Reuters) -U.S. business activity picked up pace in August, led by a resurgent manufacturing sector that saw the strongest growth in orders in 18 months, a purchasing managers survey showed on Thursday. S&P Global’s flash U.S. Composite PMI Output Index, which tracks the manufacturing and ...
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Economic impact of tariffs will be key for US rating, says S&P analyst

By Davide Barbuscia NEW YORK (Reuters) -S&P Global Ratings’ decision to affirm its U.S. credit rating factored in tariff revenues, but questions remain on the economic outcome of U.S. trade policies that could influence the country’s rating in the next few years, the primary analyst ...
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