how are you? (June 5-11)
Further scrutiny of Tesla
The National Road Safety Authority announced on Thursday that it will step up its investigation into Tesla’s autopilot driver assistance system, which uses cameras and other sensors to control the vehicle with little driver input. The agency was conducting a preliminary evaluation of the system, but upgraded to an engineering analysis to investigate whether the autopilot could keep the driver’s attention on the road. The new analysis covers 830,000 vehicles sold in the United States between 2014 and 2021 and provides a more thorough scrutiny, including all four Tesla models. It is also a necessary step before ordering a recall. Tesla tells drivers to stay vigilant while using the system, but many experts mistakenly believe that their car is fully autonomous, with autopilot and similar technology. I am worried that it may end up.
Inflation soars again
New inflation data has shattered hopes that inflation has begun to ease. The consumer price index rose 1% from April to May, much faster than the rise from March to April, with a monthly core inflation rate of 0.6% after removing volatile food and fuel prices. did. Prices rose 8.6% over the year to May, which was also an unpleasant pace. According to economists, the reality has become very difficult for many Americans, especially those in low-income households, economists say. The index, which measures the price of food consumed at home, rose 11.9% year-on-year, the largest increase in more than 40 years.
Contact Wells Fargo
Wells Fargo is facing a criminal investigation by a federal prosecutor in New York as to whether job interview practices violate federal law. The New York Times reported in May that banks are conducting fake interviews with minorities and female candidates, according to incumbents and former employees, and appear to be diversifying their workforce. In mid-2020, Wells Fargo adopted a “diversified slate” policy. This policy requires that at least half of the candidates interviewed for a six-digit job be members of a disadvantaged group. However, some employees say that a fake interview had taken place long ago due to a similar unwritten policy, and candidates were already interviewed for work promised to others. did. Bank executives said they don’t think fake interviews are a “systematic issue.”
What’s next? (June 12-18)
Fed is likely to raise rates
The Federal Reserve is planning to announce a new rate hike on Wednesday as it seeks to cool inflation. Central banks will almost certainly add 0.5 percentage points to rate hikes, as in May, the largest rate hike since 2000. In this month’s interview, the Fed’s vice chairman, Lael Brainard, was “reasonable” in June and July, which doubled the usual quarterly points. The market may not react very sharply because investors know that they support themselves. But they are still concerned about the Fed’s move.
Amazon Objects to Union
Amazon will appear in front of the National Labor Relations Commission this week to announce its opposition to the union’s victory in a union vote at the Staten Island Warehouse in April. Despite the retail giant’s determination to quell the organization in the warehouse known as JFK8, workers there voted by a considerable margin to form a union. Amazon has submitted to NLRB a list of over 20 complaints. They include allegations that the union “intentionally created a hostile conflict” by interrupting the company-mandated meetings that Amazon used to resist the union. Experts say NLRB rarely overturns election results.
A solid audience for the January 6 hearing
More than 19 million viewers attended and counted the Prime Time House Select Committee hearing on Thursday’s January 6th attack on the Capitol. According to Nielsen’s preliminary assessment, viewership was comparable to viewers for events such as the “Sunday Night Football” game and the Macy’s Thanksgiving Day Parade. ABC, CBS, and NBC broadcast the hearing as a special report, but Fox News, the most watched cable news network, has decided not to broadcast the hearing live (although viewers are far more). Less Fox Business Network broadcast). Instead, the star commentators played live hearings on split screens as they weighed. “It’s confusing and we’re not playing with it,” Tucker Carlson said.
Problems with Tesla’s autopilot system
Claims for safer driving. Tesla cars can use computers to handle some aspects of driving, such as changing lanes. However, there are concerns that this driver assistance system, called the autopilot, is not safe. Let’s take a closer look at this issue.
what else?
Target said that as shoppers’ habits changed, it would take a profit blow to clear inventory. Spirit Airlines has postponed a shareholder vote on the merger with Frontier Airlines as JetBlue Airlines tried to interrupt its rival’s bid. Howard Schultz, Starbucks’ interim chief executive officer, said he is considering ending a policy that allows non-customers to use the store’s bathrooms.