UnitedHealth names Wayne DeVeydt as CFO
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Independent
6 minutes ago
- The Independent
Tesla must pay $329 million for a deadly crash involving Autopilot, jury says
A Miami jury has ordered Elon Musk's car manufacturer, Tesla, to pay $329 million to victims of a fatal crash involving its Autopilot driver-assist technology. The ruling, delivered on Friday, could open the door to further costly lawsuits and deals a significant blow to the company's reputation for safety. The federal jury found Tesla bore substantial responsibility, citing a failure in its technology. This determination means that not all blame could be attributed to the reckless driver, who admitted being distracted by his mobile phone before hitting a young couple who were stargazing. The conclusion of this four-year case is remarkable, not just for its outcome, but because it even reached trial. Many similar cases against Tesla have previously been dismissed or settled by the company to avoid public scrutiny. This decision comes as Mr Musk seeks to convince the public of his vehicles' safety, particularly as he plans to roll out a driverless taxi service in several cities in the coming months. Mr Musk's Tesla company doesn't have the permits required to run any autonomous service, even with a safety driver, and they're unable to charge for it. Tesla has been in discussions with Golden State regulators about expanding the service to California but it would be with significant restrictions to Elon Musk's promises for his Robotaxi service, Politico reported. at least five times since the start of last year, documents reviewed by the outlet show.
Reuters
25 minutes ago
- Reuters
TSX posts biggest decline since April as US jobs data spooks investors
TORONTO, Aug 1 (Reuters) - Canada's main stock index fell for a third straight day on Friday as investors weighed disappointing U.S. jobs data and an escalation in the U.S. trade war with Canada. The S&P/TSX composite index (.GSPTSE), opens new tab ended down 239.35 points, or 0.9%, at 27,020.43, extending its pullback from a record closing high on Tuesday. It was the index's sharpest decline since April 10. For the week, the TSX was down 1.7%. "August tends to be one of the worst months for the year and it's setting off to do that once again, as we're seeing some volatility and a quick drop-off with weaker payroll numbers in the U.S. and just some concerns around earnings so far," said Greg Taylor, chief investment officer at PenderFund Capital Management. "A lot of the better companies usually report first in the cycle, and we got that, now we're starting to see some weakness." Wall Street posted steep declines as (AMZN.O), opens new tab failed to meet lofty expectations for its Amazon Web Services cloud computing unit and after U.S. jobs data disappointed. U.S. employment growth was weaker than expected in July while the nonfarm payrolls count for the prior two months was revised down by a massive 258,000 jobs, suggesting a sharp deterioration in labor market conditions. Domestic data was also downbeat. Canada's manufacturing sector contracted for a sixth straight month in July as tariffs undercut trade with the United States and spurred firms to reduce inventory as well as staffing levels. U.S. President Donald Trump on Thursday signed an executive order increasing tariffs on Canadian goods to 35% from 25% on all products not covered by the U.S.-Mexico-Canada trade agreement. All ten major sectors on the TSX ended lower, led by a 2.4% decline for technology (.SPTTTK), opens new tab. Energy (.SPTTEN), opens new tab lost 1.9% as worries about a possible increase in OPEC oil production weighed on the price of oil. U.S. crude futures settled 2.8% lower at $67.33 a barrel. Heavily weighted financials (.SPTTFS), opens new tab lost 0.9%. MDA Space Ltd ( opens new tab was a bright spot. Its shares jumped 18.4% after the aerospace company was selected as the prime contractor on a project for Echostar.
The Guardian
37 minutes ago
- The Guardian
Corporation for Public Broadcasting to close after US funding cut
The Corporation for Public Broadcasting announced on Friday it will shut down operations after losing federal funding, delivering a blow to America's public media system and the more than 1,500 local stations that have relied on its support for nearly six decades. The closure follows the Republican-controlled House's decision last month to eliminate $1.1bn in CPB funding over two years, part of a $9bn reduction to public media and foreign aid programs. 'Despite the extraordinary efforts of millions of Americans who called, wrote, and petitioned Congress to preserve federal funding for CPB, we now face the difficult reality of closing our operations,' said Patricia Harrison, the corporation's president and chief executive. The 57-year-old corporation distributed more than $500m annually to PBS, NPR and 1,500 local stations nationwide. Despite the federal support, stations mostly rely on viewer donations, corporate sponsorships and local government support for the remainder. Rural communities face the biggest impact, as 245 of the 544 grantee organizations are considered rural and many may close without federal support which could impact educational programming, children's shows and local news coverage. These rural stations also employ nearly 6,000 people, according to the CPB. Public broadcasting has historically served areas underserved by commercial media, providing emergency information during disasters and cultural programming not available elsewhere. Rural communities are already hard hit by a lack of community journalism, as one in three US counties don't have a full-time local journalist, according to a July report from Muck Rack and Rebuild Local News. Most CPB staff will be terminated by September's end, with a small transition team remaining through January 2026 to wind down operations. Donald Trump and Republican allies have long argued that taxpayer funding for public media represents unnecessary government spending, while claiming that PBS and NPR programming exhibits anti-conservative bias. The Trump administration has also filed a lawsuit against three CPB board members who refused to leave their positions despite the president's attempts to remove them. The closure ends nearly six decades of federal commitment to public broadcasting. The corporation was established by Congress in 1967 to ensure educational and cultural programming remained accessible to all Americans.
