Economy

Tesla is set to unveil its semi truck in September, according to a tweet from CEO Elon Musk on Thursday. Musk said in a conference call in August that Tesla would reveal a mini-bus and semi-truck in six-to-nine months . Musk revealed that he is impressed with an unbelievable job the team has done and while no further details have been given, earlier rumors and hints from the company suggested that such vehicle is coming and could use some of the autonomous-driving features seen in ...
  • Lawyer: Dragged United Airlines passenger will need reconstructive surgery

    Lawyer: Dragged United Airlines passenger will need reconstructive surgery

    Economy

    As a result, it had the lowest rate among the largest USA airlines of bumping people off flights against their will - something that is legal but alienates customers and requires the airline to pay compensation of up to $1,350 per person. The three officers who removed Dao have been suspended from their jobs at the Chicago Aviation Department. That reaction was widely panned as exacerbating United's PR nightmare.
  • United Airlines CEO: 'This Will Never Happen Again'

    United Airlines CEO: 'This Will Never Happen Again'

    Economy

    The chief executive of United Airlines has issued another apology for an incident in which a passenger was injured when being forcibly removed from an overbooked flight, after initially defending the company. Munoz also said the company would reassess policies for seeking volunteers to give up their seats, for handling oversold flights and for partnering with airport authorities.
  • Negative rates vital to keeping growth going, says Draghi

    Negative rates vital to keeping growth going, says Draghi

    Economy

    The ECB president said that the current policy plans, which expect that interest rates will remain low for a prolonged period, are still appropriate to ensure that growth and inflation are strong enough to withstand the challenges when the stimulus does eventually come to an end.
  • McDavid, Kassian score short-handed, Oilers beat Sharks 2-0

    McDavid, Kassian score short-handed, Oilers beat Sharks 2-0

    Economy

    The Oilers really gained energy after that one, pressuring the Sharks , hitting everything that moved and doing to the Sharks exactly what the Sharks did to them in Game 1. Letestu promptly passed it to a streaking Kassian, who barreled in alone and fired a wrist shot low past Jones' blocker. The Sharks are 2-6 in their last 8 road games, 5-1 in their last 6 Conference Quarterfinals games and 4-1 in their last 5 vs.
  • United Airlines will stop using police to remove passengers

    United Airlines will stop using police to remove passengers

    Economy

    What is United Airlines' standard operating procedure when deciding to forcibly remove passengers, including those resulting from involuntary denied boarding? 'Because United has such a catastrophic PR problem, this case has a much greater value than such a case would normally have, ' he said.
  • North Korean nuclear threat reached 'new level': Seoul

    Economy

    It has carried out five nuclear tests -- two of them past year -- and multiple missile launches, one of which saw three rockets come down in waters provocatively close to Japan last month. While not publicly defining its plans, the White House has said that all options are on the table to prevent North Korea from acquiring the ability to strike the United States with a nuclear weapon.
  • Donald Trump signs bill repealing U.S. internet privacy rules

    Economy

    The rollback of the FCC's rules means that Internet Service Provider's (ISP's) like AT&T , Verizon, and Comcast , can now easily collect, track and sell your everyday internet history and usage to online marketers. Verizon chief privacy officer Karen Zacharia similarly declared, "Verizon does not sell the personal web browsing history of our customers". "There has been a lot of misleading talk about how the congressional action this week to overturn the regulatory overreach of the ...
  • Delta Will Pay Up to $9950 to Bumped Passengers

    Economy

    United will use the incident as a turning point to "craft friendly policies and redouble efforts to win back the trust of everyone", says Milton. In the past, Delta gate agents had authorization to offer passengers up to $800 in flight vouchers if they volunteer to be bumped.
  • Elon Musk confirms Tesla truck debut in September

    Economy

    In answer to a follow-up question on Twitter, Musk revealed the previously-announced Tesla pick-up truck will be unveiled within two years. Tesla also had an update on its much anticipated Model 3 vehicle, which the company previously said would arrive in the middle of 2018 at the earliest.