Tesla's decision to let passengers start booking rides in its driverless Cybercab has triggered a high-stakes test of how far automakers can stretch outdated federal safety rules while regulators race to rewrite them.
Why it matters: Tesla and the Trump administration share the same goal — clearing regulatory barriers to autonomous vehicles — but they may disagree over how quickly Tesla can get there.
Paula S. Davis has joined executive search firm Korn Ferry as a principal on its global corporate affairs team.
The big picture: As the corporate affairs remit expands, executive talent firms are being asked to find leaders who don't have just comms expertise but also business acumen, experience counseling CEOs and familiarity with emerging tech like AI.
U.S. employers added 162,000 jobs in August, while the unemployment rate held steady at 4.1%, the Labor Department said on Friday.
Why it matters: The better-than-expected report is fresh evidence of the labor market's resilience, easing fears that a hiring slowdown had taken hold.
It used to be that if yields on U.S. government bonds were rising, you could pretty much assume that stocks would be on the upswing, too. Not anymore.
Why it matters: When such longstanding market relationships — known on Wall Street as "correlations" — change, it often mirrors adjustments in investor thinking that can set markets on a new course.
The White House is at odds with some private sector analysts over how much oil is leaving the Strait of Hormuz — but it will take weeks until the picture of what's truly getting through becomes clear.
Why it matters: How much oil exits the waterway sways the price of gasoline and other consumer products.
AI models may be getting safer while also getting harder to monitor. Which side of that seesaw prevails could determine whether AI is scaled safely or ruins civilization as we know it.
Why it matters: Right now both options are running full steam and no one knows who's in charge of making sure the right one wins.
The Dutch central bank said this week that it was shifting about 86 tonnes of gold bars out of New York and Canada and moving them closer to home.
Why it matters: Countries are rethinking where they stash their gold reserves, as relations with the United States have frayed and geopolitical unrest has risen.
The move comes at a time when the status of the U.S. at the center of the world financial system is in question.
Foreign governments also now hold a much lower share of U.S. Treasury bonds.
Tesla customers in Austin, Texas, can now book rides in a driverless Cybercab that has no steering wheel or pedals.
Why it matters: While the initial fleet size is limited, the Cybercab's official commercial launch marks the beginning of CEO Elon Musk's vision for an autonomous future.
