Apr 19, 2017

Spending on AI to reach $46 billion in 2020

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Economists shrug off downbeat November retail sales due to late Thanksgiving

Photo: Andrew Caballero-Reynolds/AFP via Getty Images

Wall Street shrugged in response to below-forecast consumer spending.

What's happening: Rather than interpret the data as a sign that the all-important consumer is losing steam, some are blaming November's figures on a calendar quirk — and keeping faith shoppers will continue to open up their wallets.

Go deeperArrowDec 16, 2019

Why U.S. manufacturing and services are moving further apart

Data: Institute for Supply Management; Chart: Axios Visuals

While U.S. manufacturing has fallen into its deepest hole in a decade, the all-important services sector keeps chugging along.

What's happening: The Institute for Supply Management's gauge of the U.S. services sector yesterday produced a reading solidly in expansionary territory and above expectations. That was a far cry from the company's manufacturing index, which last week hit its weakest level since June 2009.

Go deeperArrowJan 8, 2020

Assisted-driving systems can lead to complacency behind the wheel

A man using a phone while driving. Photo: Spencer Platt/Getty Images

The more drivers use assisted-driving systems, the more comfortable they become with the technology — and the more likely they are to misuse it, according to new research from AAA and Virginia Tech.

What they found: After becoming accustomed to driving with advanced driver assistance systems (ADAS), like adaptive cruise control and lane-keeping assist, drivers were nearly twice as likely to engage in distracted driving behavior (texting, adjusting the radio) compared to when they were driving without the systems.

Go deeperArrowDec 20, 2019