Lyft’s driverless cars are back on the streets of California. The ridesharing company suspended testing of its autonomous vehicles earlier this year in response to shelter-in-place orders prompted by the coronavirus pandemic. But with Covid-19 cases on the rise in California, it’s possible Lyft’s current testing session, taking place in Palo Alto, may be short-lived.…
President Donald Trump has thrown his weight behind the chorus of voices opposing the removal of a Theodore Roosevelt statue in New York, passionately calling for the plans to be dropped. “Ridiculous, don’t do it!” Trump tweeted on Monday. His post included a Washington Times article which quoted NYC Mayor Bill de Blasio as saying…
Tesla’s highly-anticipated Battery Day event is being pushed back again, and may be combined with the electric car manufacturer’s shareholder meeting, according to CEO Elon Musk. At the event, Tesla is expected to unveil a new low-cost, long-life battery that will first appear in the Model 3 in China later this year or early 2021…
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. Incoming data confirm the severe impact of the COVID-19 pandemic on the global economy. This impact appears to have peaked, although…
Investors are taking a positive view of the future, at least if we are to believe the stock market. We haven’t fully recovered from the March lows but we’re getting there. As of the time of writing, the Dow was up 37 per cent from its March 23 bottom, although it was still well down…
