US opens probe into Tesla Cybercab compliance with federal safety rules

Strategy (MSTR +4.42%) is back to buying Bitcoin (BTC +0.71%). On Aug. 31, the firm acquired $370 million of Bitcoin at an average purchase price of $80,318. The purchase came after four straight sales. In combination, these sales brought in roughly $430 million. On paper, the moves appear confusing. Why dump $430 million in Bitcoin…

Treasury Secretary Scott Bessent on Monday defended the Trump administration’s recent intervention in the bond market, pushing back on an eyebrow-raising critique from his investing mentor, billionaire Stanley Druckenmiller. “Stan’s a great investor, but what I would point out is that, again, the U.S. bond market has been the best performing market since the president…

In episodes like the railroad boom and the dot-com bubble, creditors and shareholders were wiped out, because investment in a genuinely transformative technology outpaced any plausible near-term return. With the US financial system and asset markets having become a one-way bet on AI, such an outcome today could be catastrophic. BERKELEY—US Federal Reserve Chair Kevin…

“Maybe some apartments are not being listed for rent or are being snapped up by people who are using brokers.”

The industrial-scale sand battery in Finland’s Pornainen can cover almost one month of the town’s heating demands in the summer and as much as one week in the winter. Polar Night Energy A small town in southern Finland has turned to the world’s largest commercial sand battery to fix what many see as the most…

USD/CHF gains ground after registering losses in the previous day, trading around 0.8080 during Asian hours on Friday. The pair appreciates as the US Dollar (USD) holds gains after recovering daily losses; however, the upside of the Greenback could be limited due to easing hawkish sentiment surrounding the Federal Reserve (Fed) policy outlook. Swiss Unemployment…