Group 1 - Copper prices reached their highest level in over a month, supported by positive manufacturing data from China and a weaker dollar [1][9] - Three-month copper on the London Metal Exchange (LME) was down 0.2% at $9,886 per metric ton after hitting $9,947, the highest since July 24 [1] - LME copper has increased by 12% this year, rebounding from $8,105 in early April, which was the lowest in over 16 months [1][6] Group 2 - A private sector survey indicated that China's factory activity in August expanded at the fastest pace in five months, driven by rising new orders [2] - The overall macro and cyclical conditions in China are improving, which is expected to positively impact final demand [2] - Chinese equities have also shown strong performance, reflecting broader market positivity [4] Group 3 - Concerns about US tariffs are dampening factory activity in other parts of Asia, which may affect metals markets [5] - The dollar index fell to a five-week low, influencing commodity prices for buyers using other currencies [7] - A weaker dollar makes commodities priced in US currency cheaper for international buyers, impacting overall demand [8]

A Miami jury has ordered Tesla to pay $243 million over a fatal 2019 Autopilot crash in Florida after a hacker sipping on a Venti-size hot chocolate at a local Starbucks uncovered key vehicle data that the company had claimed it could not find.The verdict, delivered last month in federal court, held Tesla partially liable for the Key Largo wreck that killed 22-year-old Naibel Benavides Leon and left her boyfriend, Dillon Angulo, seriously injured.Jurors saw evidence showing that Tesla’s own systems recorded ...

Thousands of Verizon customers nationwide reported service outages Saturday after the network experienced a “software issue” impacting wireless service for some users.“Our engineers are engaged and we are working quickly to identify and solve the issue,” Verizon said in a statement to CBS.Downdetector reports of Verizon issues spiked on Saturday evening. Down Detector “Please visit our Check Network Status page for updates on service in your area. We know how much people rely on Verizon and apologize for an ...

Core Viewpoint - Tesla is seeking to overturn a $243 million jury award related to a fatal crash involving its Autopilot technology, claiming that the jury was misled during the trial [1][6]. Group 1: Legal Proceedings - A jury found that while the driver was primarily at fault for the crash, Tesla was also liable due to faulty technology [2][8]. - Tesla argues that the opposing lawyers introduced irrelevant evidence that misled the jury, including claims that Tesla had hidden video and data related to the crash [4]. - The company is requesting a new trial or a significant reduction of the awarded damages [6]. Group 2: Implications for the Industry - The case raises concerns among automakers about potential liability risks if future juries hold manufacturers accountable for accidents even when drivers are negligent [3]. - Tesla's situation could deter innovation in the automotive industry, as companies may fear punitive damages for introducing new safety technologies [3]. Group 3: Autopilot Technology and Public Perception - The term "Autopilot" is criticized by plaintiff lawyers as misleading, suggesting that it encourages drivers to over-rely on the technology, which is not fully autonomous [9][12]. - European regulators have expressed concerns about Tesla's terminology for its driver assistance software, questioning whether it misleads consumers [11]. - The driver involved in the crash admitted to trusting the technology too much, highlighting the risks associated with consumer perceptions of Autopilot [14]. Group 4: Financial Impact - Following the jury's decision, Tesla's stock fell nearly 3.5%, reflecting investor concerns over the company's sales performance and public image [15].

Delta Air Lines has agreed to pay $79 million to settle a class-action lawsuit filed in 2020 after one of its airplanes that was experiencing engine trouble dumped its fuel over schoolyards and densely populated neighborhoods near Los Angeles.The Delta jet had departed from Los Angeles to Shanghai on Jan. 14, 2020 when it needed to quickly return to Los Angeles International Airport. The Boeing 777-200 landed safely after circling back over Los Angeles while dumping 15,000 gallons of fuel to reach a safe la ...

Group 1 - Intel received $5.7 billion in funding from the CHIPS Act, which grants the US government a 10% stake in the company [1] - The finance chief of Intel, David Zinsner, indicated potential for additional external investments, particularly in the foundry segment [2] - Intel's second-quarter earnings exceeded Wall Street estimates, but the stock fell by 8% due to concerns regarding its foundry unit [4] Group 2 - The White House is still finalizing details regarding the stake acquisition, with ongoing discussions led by the Department of Commerce [5] - Intel warned in a corporate filing that the deal with the US government could lead to adverse reactions from various stakeholders [6] - There may be potential litigation and increased scrutiny related to the transaction [7] Group 3 - Intel was previously awarded $8.5 billion from the CHIPS Act, which was later reduced to approximately $7.85 billion, making it one of the top recipients of federal funding [11]

Core Viewpoint - Spirit Airlines has filed for fresh bankruptcy protection due to dwindling cash and mounting losses, hindering its turnaround efforts since its previous Chapter 11 reorganization in March [1]. Group 1 - Spirit Airlines is known for its bright yellow jets and has faced challenges in stabilizing operations since emerging from its first bankruptcy in March [3]. - The airline raised going-concern doubts earlier this month, indicating financial instability [1].

Core Point - Ford is recalling nearly 500,000 vehicles due to a brake fluid leak that increases stopping distance, raising crash risk [1][3] Group 1: Recall Details - The recall affects certain 2016-2018 Lincoln MKX and 2015-2018 Edge SUV vehicles [1] - An estimated 1% of the recalled vehicles, or approximately 4,991 cars, have the defect [3] - As of June 9, Ford is aware of 64 warranty claims and 16 customer complaints related to the issue [3] Group 2: Safety Concerns - The rear brake hose may rupture and leak fluid, requiring more distance to stop the vehicle [1] - Drivers may notice changes in the brake pedal feel and travel, with a red warning light illuminating if the brake fluid level is low [5] Group 3: Remedial Actions - Ford is currently unsure of the cause of the rear brake hose leaks and is working on a remedy [6][7] - Notification letters to vehicle owners are expected to be mailed on September 8, with additional letters sent once a remedy is available, anticipated for April 2026 [6]

Microsoft said Thursday it fired two employees after an anti-Israel group broke into President Brad Smith’s office to protest the software firm’s alleged ties to the war in Gaza.A group of seven current and former staffers on Tuesday burst into Smith’s office, located in Redmond, Wash., and demanded the company end its support of Israel – following reports that its software was used by the military as part of its invasion of Gaza. 6 Staffers burst into the office and blocked others from entering. No Azure ...

Core Insights - Tesla's sales in Europe fell by 40% in July, marking the seventh consecutive month of decline, while BYD's sales tripled during the same period [1][2] - Tesla's new car registrations were only 8,837 in July, a significant drop from the previous year, contrasting with the overall increase in battery electric car sales in Europe [1][2] - The decline in Tesla's sales is attributed to brand damage, lack of enthusiasm for new models, and strong competition from Chinese manufacturers like BYD [1][2][4] Company Performance - BYD achieved 13,503 new registrations in July, representing a 225% increase from the previous year, indicating strong market penetration in Europe [2] - Tesla's management has shifted focus from vehicle sales to promoting its advancements in artificial intelligence and autonomous technologies, which are seen as future opportunities rather than immediate sales drivers [3][4] - The Cybertruck, one of Tesla's anticipated models, has not met sales expectations, contributing to the company's struggles in maintaining market share [4][7] Market Dynamics - The overall market for battery electric cars in Europe is growing, suggesting that Tesla's decline is not reflective of a broader industry downturn [2] - Chinese competitors, particularly BYD, have gained a significant market share, reaching over 5% in the first half of the year, highlighting the competitive landscape Tesla faces [7] - Tesla's brand has been affected by external factors, including protests and vandalism, which may further impact consumer perception and sales [11]