Stock Markets
Tesla leads in driver-assisted technology crashes -U.S. data
Published
2 weeks agoon
By
letizo News
© Reuters. FILE PHOTO: A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson
By David Shepardson
WASHINGTON (Reuters) – Tesla (NASDAQ:TSLA) Inc reported 273 vehicle crashes since July involving advanced driving assistance systems, more than any other automaker, according to data U.S. auto safety regulators released on Wednesday.
Automakers and tech companies reported more than 500 crashes since June 2021, when the National Highway Traffic Safety Administration (NHTSA) issued an order requiring the information. Two U.S. Senators called for a deeper probe of the “out-of-control industry,” and a U.S. safety board said the data was not standardized so it was hard to evaluate performance of each carmaker’s system.
Car companies are rushing to add driver assistance systems, saying these improve safety by handling some maneuvers. U.S. regulators are trying to understand the practical effect of the changes. But automakers collect and report data in different ways, making it difficult to evaluate systems performance.
Democratic Senators Ed Markey and Richard Blumenthal told NHTSA in a letter that “publicizing the data alone is not enough. We urge NHTSA to … shed needed light on this out-of-control industry and impose guardrails to prevent more deadly crashes.”
The current report contains “a ‘fruit bowl’ of data with a lot of caveats, making it difficult” to understand, National Transportation Safety Board (NTSB) Chair Jennifer Homendy said in a statement. “Tesla collects a huge amount of high-quality data, which may mean they’re overrepresented in NHTSA’s release.”
Tesla’s advanced driver assistant software dubbed “Full Self Driving” has also created confusion about vehicle capabilities.
The senators raised alarm about the high number of Tesla crashes. “We worry that some drivers today are using the technology as a convenience feature and are placing themselves and other road users in danger,” Markey and Blumenthal wrote.
NHTSA ordered companies to quickly report all crashes involving advanced driver assistance systems (ADAS) and vehicles equipped with automated driving systems being tested on public roads.
Of the 392 such crashes reported by a dozen automakers since July, six deaths were reported and five serious injuries. Honda Motor identified 90 crashes.
Companies also reported 130 crashes involving prototype automated driving systems, while 108 involved no injuries and one was a serious injury crash.
NHTSA said Alphabet (NASDAQ:GOOGL) Inc’s self-driving car unit Waymo reported 62 crashes involving automated driving systems, while General Motors (NYSE:GM)’ Cruise had 23.
Waymo said its crashes were not high severity and one-third were in manual mode. Airbags deployed in only two crashes.
Cruise said it “has logged millions of miles in one of the most complex urban driving environments because saving lives is our chief aim.”
The NTSB reiterated a five-year-old recommendation that NHTSA require automakers to provide standardized crash and usage data. It made the recommendation after the a 2016 crash killed a Tesla driver using the company’s Autopilot system, which the company website says “enables your car to steer, accelerate and brake automatically within its lane” but still requires the driver’s attention.
NHTSA said the first batch of data has already been used to trigger investigations and recalls and helped inform existing defect probes.
The data “will help our investigators quickly identify potential defect trends,” NHTSA Administrator Steven Cliff said, cautioning the raw number of incidents reported per manufacturer “is by itself inadequate to draw conclusions.”
The agency emphasized crashes are tracked by individual automakers in different ways and discouraged comparisons in part because there are no comprehensive metrics on how widely each system is used.
Tesla did not respond to requests for comment.
Honda told Reuters it had found no defects in the systems and its crash reports were based on unverified customer statements “to comply with NHTSA’s 24-hour reporting deadline.”
No other automaker reported more than 10 ADAS crashes during the period.
Despite the limitations, NHTSA said the data was essential to quickly spot potential defects or safety trends. Incidents that occur when an advanced system was engaged within 30 seconds of a crash must be reported within 24 hours to NHTSA.
The agency plans to release new data monthly.
NHTSA has been scrutinizing Autopilot and said last week it was upgrading its probe into 830,000 Tesla vehicles with the system, a required step before it could seek a recall. The regulator had opened a preliminary evaluation to assess the performance of Autopilot after about a dozen crashes in which Tesla vehicles struck stopped emergency vehicles.
Separately, NHTSA has opened 35 special crash investigations involving Tesla vehicles in which ADAS was suspected of being used. A total of 14 crash deaths have been reported in those Tesla investigations, including a May California crash that killed three people.
You may like
Morgan Stanley will cover U.S. employees’ travel for abortion services -source
West pledges support for Ukraine as missiles strike shopping centre
Morgan Stanley Has Continued Conviction on Rockwell Automation’s Capex Cycle
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.20%
Nike quarterly revenue beats on athletic wear demand
Wall Street ends down, pulled lower by growth stocks
Stock Markets
Morgan Stanley will cover U.S. employees’ travel for abortion services -source
Published
6 mins agoon
June 27, 2022By
letizo News
© Reuters. The logo for Morgan Stanley is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly
NEW YORK (Reuters) – Morgan Stanley (NYSE:MS) joined other large U.S. banks expanding its healthcare coverage to include travel costs for employees seeking abortion services if they are not locally available, according to a source familiar with the matter.
It is the latest financial company to expand healthcare policies to cover these costs following the Supreme Court’s decision Friday to overturn the 1973 Roe v. Wade precedent that had legalized abortion in the United States. [L1N2YB1AQ]
Stock Markets
Morgan Stanley Has Continued Conviction on Rockwell Automation’s Capex Cycle
Published
6 mins agoon
June 27, 2022By
letizo News
© Reuters. Morgan Stanley Has Continued Conviction On Rockwell Automation’s (ROK) Capex Cycle
By Sam Boughedda
Speaking about Rockwell Automation (NYSE:ROK) after a meeting with its management, Morgan Stanley analyst Joshua Pokrzywinski said in a note to clients that they came away with “continued conviction in a generational capex cycle” that they expect to remain resilient despite a slowing macro environment and choppy supply chain.
“We expect orders to remain healthy as other verticals, both consumer and other short-cycle industrial markets, contend with demand destruction from rising rates and persistent inflation,” wrote Pokrzywinski.
The analyst, who has an Overweight rating and trimmed his price target to $260 (from $277) on the stock, added that at the same time, the pace of improvement on supply chains, particularly for semiconductors appears to be “at best a game of inches for ROK.”
As a result, Morgan Stanley is “reducing FY22 estimates, particularly the seasonal ramp in F4Q22 due to supply constraints.”
“Given the magnitude of the sell-off and persistent strength over the next 2-3 years, we see ROK risk/reward as favorable acknowledging consensus is high for the next 2 quarters.”
Rockwell Automation closed Monday’s session just 0.12% higher.
Stock Markets
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.20%
Published
6 mins agoon
June 27, 2022By
letizo News
© Reuters U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.20%
Investing.com – U.S. stocks were lower after the close on Monday, as losses in the Consumer Services, Technology and Basic Materials sectors led shares lower.
At the close in NYSE, the Dow Jones Industrial Average declined 0.20%, while the S&P 500 index declined 0.30%, and the NASDAQ Composite index lost 0.72%.
The best performers of the session on the Dow Jones Industrial Average were UnitedHealth Group Incorporated (NYSE:UNH), which rose 2.02% or 10.02 points to trade at 505.66 at the close. Meanwhile, Chevron Corp (NYSE:CVX) added 1.93% or 2.80 points to end at 147.57 and Merck & Company Inc (NYSE:MRK) was up 1.37% or 1.28 points to 94.41 in late trade.
The worst performers of the session were Salesforce.com Inc (NYSE:CRM), which fell 2.48% or 4.61 points to trade at 181.31 at the close. Nike Inc (NYSE:NKE) declined 2.13% or 2.41 points to end at 110.50 and Boeing Co (NYSE:BA) was down 1.99% or 2.81 points to 138.72.
The top performers on the S&P 500 were Valero Energy Corporation (NYSE:VLO) which rose 8.00% to 112.24, Devon Energy Corporation (NYSE:DVN) which was up 7.48% to settle at 57.79 and Hess Corporation (NYSE:HES) which gained 5.18% to close at 106.96.
The worst performers were Etsy Inc (NASDAQ:ETSY) which was down 3.55% to 80.65 in late trade, Electronic Arts Inc (NASDAQ:EA) which lost 3.53% to settle at 125.60 and Autodesk Inc (NASDAQ:ADSK) which was down 3.43% to 185.87 at the close.
The top performers on the NASDAQ Composite were Evofem Biosciences Inc (NASDAQ:EVFM) which rose 187.71% to 1.07, Acutus Medical Inc (NASDAQ:AFIB) which was up 87.59% to settle at 1.01 and Epizyme Inc (NASDAQ:EPZM) which gained 55.14% to close at 1.48.
The worst performers were Powerbridge Technologies Co Ltd (NASDAQ:PBTS) which was down 34.95% to 0.67 in late trade, Borqs Technologies Inc (NASDAQ:BRQS) which lost 24.38% to settle at 2.15 and Enochian Biosciences Inc (NASDAQ:ENOB) which was down 21.92% to 2.60 at the close.
Rising stocks outnumbered declining ones on the New York Stock Exchange by 1738 to 1413 and 116 ended unchanged; on the Nasdaq Stock Exchange, 1948 rose and 1867 declined, while 175 ended unchanged.
Shares in Borqs Technologies Inc (NASDAQ:BRQS) fell to 52-week lows; down 24.38% or 0.69 to 2.15. Shares in Enochian Biosciences Inc (NASDAQ:ENOB) fell to 52-week lows; losing 21.92% or 0.73 to 2.60.
The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 1.03% to 26.95.
Gold Futures for August delivery was down 0.38% or 6.95 to $1,823.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 1.92% or 2.07 to hit $109.69 a barrel, while the September Brent oil contract rose 1.80% or 1.96 to trade at $111.06 a barrel.
EUR/USD was unchanged 0.27% to 1.06, while USD/JPY rose 0.22% to 135.46.
The US Dollar Index Futures was down 0.26% at 103.69.
News


Morgan Stanley will cover U.S. employees’ travel for abortion services -source
© Reuters. The logo for Morgan Stanley is seen on the trading floor at the New York Stock Exchange (NYSE)...


West pledges support for Ukraine as missiles strike shopping centre
6/6 © Reuters. FILE PHOTO: A smoke rises over remains of a building destroyed by a military strike, as Russia’s...


Morgan Stanley Has Continued Conviction on Rockwell Automation’s Capex Cycle
© Reuters. Morgan Stanley Has Continued Conviction On Rockwell Automation’s (ROK) Capex Cycle By Sam Boughedda Speaking about Rockwell Automation...


U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.20%
© Reuters U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.20% Investing.com – U.S. stocks were...


Nike quarterly revenue beats on athletic wear demand
© Reuters. FILE PHOTO: People walk past a store of the sporting goods retailer Nike Inc at a shopping complex...


Wall Street ends down, pulled lower by growth stocks
© Reuters. FILE PHOTO: A trader works on the floor of the New York Stock Exchange (NYSE) in New York...


Spero Therapeutics Plummets 15% on FDA’s CRL for Tebipenem HBr New Drug Application
© Reuters. Spero Therapeutics (SPRO) Plummets 15% on FDA’s CRL for Tebipenem HBr New Drug Application By Davit Kirakosyan Spero...


SEC Chair Gary Gensler calls Bitcoin a commodity
© Reuters SEC Chair Gary Gensler calls Bitcoin a commodity In an appearance on CNBC’s Squawk Box on Monday, SEC...


U.S. appeals court vacates federal vaccine mandate pending additional hearing
© Reuters. FILE PHOTO: A resident over 50 years old and immunocompromised receives a second booster shot of the coronavirus...


U.S. abortion ruling ignites legal battles over state bans
2/2 © Reuters. FILE PHOTO: Abortion rights campaigners participate in nationwide demonstrations following the leaked Supreme Court opinion suggesting the...


Albemarle plans major U.S. lithium processing plant
© Reuters. FILE PHOTO: A sign at the approach road leads to Albemarle’s lithium evaporation ponds at its facility in...


The ‘Big Package’: How Russia was driven to default
© Reuters. FILE PHOTO: European Commission President Ursula von der Leyen arrives for the European Union leaders summit, as EU’s...


U.S. Supreme Court abortion ruling ignites new legal battles over state bans
2/2 © Reuters. FILE PHOTO: Abortion rights campaigners participate in nationwide demonstrations following the leaked Supreme Court opinion suggesting the...


Bankman-Fried’s FTX internally mulling Robinhood deal – Bloomberg News
© Reuters. The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company’s...


Dollar retreats as markets rethink Fed rate bets, eye ECB hikes
© Reuters. FILE PHOTO: U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic By Hannah...


Biden swipes at China with memorandum to combat illegal fishing
© Reuters. U.S. President Joe Biden attends a welcoming ceremony on the first day of the G7 summit at Bavaria’s...


Amtrak train derails in Missouri after hitting truck, injuries reported
(Reuters) -Several cars on an Amtrak train derailed in Mendon, Missouri, on Monday after hitting a dump truck at a...


FTX Said Exploring Potential Robinhood Acquisition, News Seen as ‘Positive’
FTX Said Exploring Potential Robinhood (HOOD) Acquisition, News Seen as ‘Positive’ By Sam Boughedda FTX, the crypto exchange founded by...


At least 13 killed in Russian missile strike on shopping mall, Ukraine says
2/2 © Reuters. Ukraine’s President Volodymyr Zelenskiy attends a working session of G7 leaders via video link, as Russia’s attack...


Oil up 2% on Bets G7 Move Versus Russia Will Further Tighten Supply
© Reuters. By Barani Krishnan Investing.com — Crude markets rallied on Monday on speculation that the predominantly-Western Group of Seven...


Bankman-Fried’s FTX seeking path to buy Robinhood – Bloomberg News
© Reuters. The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company’s...


Refining Tightness to Persist, Even in a Recession – Piper Sandler
© Reuters. Refining Tightness to Persist, Even in a Recession – Piper Sandler By Sam Boughedda Piper Sandler Senior analyst...


U.S. Supreme Court overturns Roe v. Wade, ends constitutional right to abortion
9/9 © Reuters. Demonstrators gather in front of Planned Parenthood after the United States Supreme Court ruled in the Dobbs...


Ethereum liquidity provider XCarnival negotiates return of 50% stolen ETH
Ethereum liquidity provider XCarnival negotiates return of 50% stolen ETH XCarnival, a liquidity provider for the Ethereum ecosystem, recovered 1,467...


Holonus to announce its listing on LBank
© Reuters Holonus to announce its listing on LBank Holonus – Blockchain-based Best Ecosystem Platform for Next Generation Humanity in...


Biden administration signals fight over medication abortion
2/2 © Reuters. FILE PHOTO: Abortion rights protesters demonstrate after the U.S. Supreme Court ruled in the Dobbs v Women’s...


UK public inflation expectations fall to lowest since January -Citi/YouGov
© Reuters. FILE PHOTO: People shop at market stalls, with skyscrapers of the CIty of London financial district seen behind,...


Mining firms poised to lead capital raisings in Canada, TSX CEO says
© Reuters. FILE PHOTO: Visitors to the BHP (formerly known as BHP Billiton) booth speak with representatives during the Prospectors...


Biden signs memorandum to combat illegal fishing
© Reuters. U.S. President Joe Biden attends a welcoming ceremony on the first day of the G7 summit at Bavaria’s...


GE CEO Culp expands role to head aviation unit
© Reuters. FILE PHOTO: General Electric Co. Chief Executive Officer Larry Culp mingles with shareholders at the company’s annual meeting...
Trending
- Coronavirus7 months ago
Biden administration still seeking agreement from Mexico on return of asylum seekers
- Cryptocurrency8 months ago
NFT World Records: CryptoDragons Sold Out 500 Eggs in Its Primary Pre-Sale in Тhe Тwinkling of аn Еye!
- Cryptocurrency8 months ago
Crypto.com is the #1 app in the Google Play Store in the US
- Economy7 months ago
Analysis-Europe’s big payday remains elusive even as inflation surges
- Cryptocurrency8 months ago
The Next Web 3.0 Social Media Will Be Built on Solana
- Cryptocurrency7 months ago
Binance.US aims for ‘mega funding,’ reveals CZ
- Cryptocurrency7 months ago
The Most Expensive NFT in The Sandbox Metaverse Sold for $650,000
- Forex7 months ago
Dollar Consolidates After Strong Gains; Tapering Could Be Speeded Up