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US Consumer Confidence Hits Post-recession High
US Consumer Confidence Hits Post-recession High
"Consumers are more upbeat about the short-term employment outlook but somewhat neutral about business conditions and income prospects," said Lynn Franco, the Board's head of economic indicators.
First US Shale Gas Arrives in Britain
First US Shale Gas Arrives in Britain
The gas shipment will help make up for dwindling offshore supplies which once flowed in abundance from the North Sea but have become increasingly difficult and costly to extract as wells have matured.
Two women walk through the Las Vegas tunnel built for a Hyperloop One event.
Hyperloop Pushes Dream of Affordable Futuristic Transport
The Hyperloop race continues, with multiple companies building technology that could ultimately change how — and how quickly — we travel.
China Chemical Accidents Kill Almost 200 in 2016
China Chemical Accidents Kill Almost 200 in 2016
In the first eight months of the year, China saw 232 chemical accidents which killed 199 people and injured 400, Greenpeace said.
Older models of Apple and Samsung phones.
Apple, Samsung Struggle in Face of Chinese Competition
“Brand loyalty is not as strong in China as in other markets. It’s a very crowded, fragmented market and fiercely competitive, with rivals undercutting each other with price and design. So it’s not a market you can afford to falter in.”
Cars roll through the assembly line.
Fiat Chrysler Recalls 1.9 Million Cars Over Seatbelt Issue
Among the 1.4 million vehicles recalled in the U.S. are the Chrysler Sebring and 200, the Dodge Caliber and Avenger, and the Jeep Patriot and Compass, from varying model years between 2010 and 2014.
Volkswagen hood logos.
One Year On, Can VW Leave 'Dieselgate' Behind? 1
The last 366 days have been rough for Volkswagen, of course, and both the number of cars and dollars lost are staggering (the total cost from the emissions-cheating scandal could come close to $40 billion). Will VW come through intact?
Wearable Tech Market Cools, as Consumers Step Back
Wearable Tech Market Cools, as Consumers Step Back
Global sales of wearables is expected to grow 29.4% to some 103 million units in 2016. That compares to 171% growth in 2015.
A worker assembles doors at a Ford plant.
Trump Slams Ford’s Mexico Production Move 2
Ford already builds its Fiesta and Fusion models in Mexico, and will likely shift all small-car production south of the border in the next two or three years, according to CEO Mark Fields.
Scramble to Stock Shelves as Hanjin Strands $14 Billion in Goods at Sea
Scramble to Stock Shelves as Hanjin Strands $14 Billion in Goods at Sea 1
Ports are refusing entry to dozens of ships run by Hanjin, for fear they will be unable to pay docking fees, leaving an estimated 500,000 containers stuck on its ships across the globe even as it pleads with creditors and starts a fire sale of vessels to other companies.
An Uber user opens the app on a smartphone.
Uber Hits Gas on Driverless Car Service
Not long after Uber reported a loss of more than $1.2 billion in the first half of the year, the company takes the lead in the autonomous car race by ferrying passengers through Pittsburgh.
India Files WTO Complaint over US Renewables Projects
India Files WTO Complaint over US Renewables Projects
India believes the states of California, Connecticut, Delaware, Massachusetts, Michigan, Minnesota, Montana and Washington have made subsidies for renewable energy projects contingent on the use of domestic products, thus discriminating against foreign manufacturers in breach of WTO agreements.
Buick SUVs roll off the production line in Lansing, Michigan.
GM Eyes Chinese Growth as US Auto Sales Ebb
Why is GM high on China? GM auto sales there jumped 8.1% to 2.38 million units through the first eight months of the year, compared with a 4.2% drop to 1.96 million in the U.S. “It has been a surprisingly strong year.”
Tesla’s Updated Radar Technology Could Have Saved Life
Tesla's Updated Radar Technology Could Have Saved Life
CEO said the update, which should be downloadable in two weeks for models delivered after October 2014, "very likely" would have saved the life of a Florida driver who died in May after colliding with a truck.
Bangladesh Factory Fire Death Toll Rises
Bangladesh Factory Fire Death Toll Rises
Around 100 people were working at the factory on Sept. when the fire caused by an explosion in the boiler room tore through the four-storey structure on the outskirts of the capital Dhaka. As of today 31 people are confirmed dead.
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