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Tesla’s new robotaxi could already be behind its Chinese competition

Elon Musk’s big bet on robotaxis will finally be unveiled on Thursday afternoon, Pacific time. It’s been a long road, with the billionaire promising fully automated cars since 2016 and a robotaxi network since 2019. So far, Tesla...

Banksy stab-proof vest made famous by British rapper Stormzy sold for £780,000

A stab-proof vest decorated with a union jack flag created by British street artist Banksy, similar to one worn by hip-hop star Stormzy at the Glastonbury Festival, sold in London for £780,000 ($1 million) on Wednesday. The vest, made from...

Near-miss at Nashville airport after two planes were cleared to use the same runway

Investigators said Wednesday that air traffic controllers cleared an Alaska Airlines jet to take off from Nashville last month after telling pilots of a Southwest Airlines jet to cross the same runway. Pilots of the Alaska plane aborted their Sept....

ClearBridge International Growth EAFE Strategy Q3 2024 Commentary

Despite the strongly positive reaction by Chinese equities to Beijing's monetary easing, we believe more needs to be done to restart growth. While the measures are targeted predominantly at the equity markets and local government budgets, we need...

OpenAI says China-linked group tried to phish its employees

OpenAI said a group with apparent ties to China tried to carry out a phishing attack on its employees, reigniting concerns that bad actors in Beijing want to steal sensitive information from top US artificial intelligence companies.The AI startup...

McDonald’s largest french fry maker lays off hundreds amid fast-food slowdown

It turns out that, no, fast-food eaters would not like fries with that. As more customers lose their appetite for fast food over sky-high prices, North America’s largest fry producer is reeling from the slowdown. Lamb Weston, which can churn...

Hurricane Milton is closing in on $1 trillion worth of commercial properties, Moody’s estimates

Hurricane Milton is expected to make landfall in Florida either tonight or tomorrow morning. Apart from the people and communities threatened by the storm, more than 235,000 commercial properties across the state have a greater than 50% probability of...

Whirlpool CIO says lessons learned from IoT hype cycle can apply to generative AI

During her more than two-decades-long career in technology, Danielle Brown has only worked at multinational companies that are at least a century old. Brown spent 16 years at chemical giant DuPont before joining boat manufacturer Brunswick in 2016 as chief...

Wall Street salaries decline further from pandemic heights

Salaries in New York City’s securities industry fell for a second consecutive year in 2023 as profits retreated from highs reached during the pandemic. The average salary was $471,370 including bonuses, according to New York State Comptroller Thomas DiNapoli’s annual...

The family of rapper Takeoff turns ‘pain into passion’ with anti-gun violence foundation

When the 28-year-old Grammy-nominated rapper Takeoff was killed by gunfire outside of a Houston club in 2022, it rocked not just the Atlanta community, but changed the trajectory of many of his family members’ lives. At Fortune‘s Impact Initiative...

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