Business

Volkswagen to invest $2.6B in Ford's self-driving operations

Volkswagen will invest in Ford Motor autonomous-car partner Argo AI at a valuation of about US$7 billion as two of the world's largest automakers expand an alliance formed earlier this year, according to people familiar with the matter. With VW, the world's biggest automaker by sales volume past year, Argo is now aligned with a partner with substantial scale and resources. Demand for passenger vehicles has flattened , and automotive and high-tech rivals have invested billions of dollars ...

Business

AOC Says She Demanded 'Swearing-In' Because Republicans Accuse Her of 'Lying'

Wisconsin Rep. Mark Pocan, a co-chairman of the Congressional Progressive caucus, said on Thursday that he and Washington Rep. Pramila Jayapal, another co-chair, are setting up a meeting with Pelosi and Majority Leader Steny Hoyer of Maryland.

Business

Free Slurpees Today As Convenience Stores Celebrate 7-Eleven Day

Thursday is July 11, which also mean it's 7-Eleven Day. It's 7-Eleven's way of celebrating today's date and also the convenience store's 92nd birthday. Each year 7-Eleven sells around 7,290,000 gallons of Slurpee across the world. It's easy enough to remember: Free Slurpees are available while supplies last between 11 a.m.

Business

About 35 injured as Air Canada flight makes emergency landing in Hawaii

Initially 20 to 25 people were reported hurt, but after closer examination by medical personnel, an Air Canada spokesperson told CBC News it appeared that 35 people sustained minor injures, a lot of them being head and neck injuries. "Our first priority is always the safety of our flights, passengers and crew and as a precaution, medical personnel are on standby to examine passengers in Honolulu", Air Canada spokeswoman Isabelle Arthur said.

Business

Apple might launch notch-less iPhone series by 2020

According to a report on CNBC , JP Morgan analysts believe that apart from the three premium iPhones, the company will introduce cheaper models that everyone can afford as well. The curiosity of what to expect in the future iPhones has been increased lately - thanks to analysts like Ming-Chi Kuo and JP Morgan. For Apple, however, the notch is not just a design element: it houses the TrueDepth camera system, a complex module that makes a 3D depth map of your face and provides an extremely ...

Business

Fed chair Jerome Powell testifies on the economy, interest rates

Equities that had slumped since Friday's strong jobs report rallied back to intraday records after the Fed chairman signaled a willingness to lower rates, citing a slowing global economy and trade issues. That appearance served to cement financial market expectations for benchmark lending rates to be lowered at the conclusion of the Federal Open Market Committee's July 30-31 meeting.


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