Mar 29, 2018

Tesla recalls 123,000 cars over power steering

People look at a Tesla Motors vehicle. Photo: Joe Raedle / Getty Images

Tesla is recalling 123,000 early Model S sedans, the Verge reports, over "a power steering issue." In an email to customers, Tesla said no other cars were affected, and if a customer hasn't experienced a problem they "do not need to stop driving their cars."

Why it matters, per Bloomberg: This has been a bad month for Tesla as Moody's downgraded its debt and "analysts and investors have questioned the company’s ability to mass-manufacture its new Model 3 sedan."

Go deeper

Dion Rabouin

2 hours ago - Economy & Business

Pandemic and protests can't stop the stock market

Traders work on the floor of the NYSE. Photo: Spencer Platt/Getty Images.

United States equities were on pace to open higher Monday following big gains in Asia and Europe and a risk-on bid in currency markets.

Why it matters: Stock markets could continue to rise despite an unprecedented global pandemic, violent protests over police violence in the U.S. not seen since the 1960s, and spiking tensions between the world's two largest economies.

Go deeper (1 min. read)

Kendall Baker

2 hours ago - Sports

The sports world speaks up about death of George Floyd

Celtics guard Jaylen Brown. Screenshot: Jaylen Brown/Instagram

There was a time when a months-long sports absence would have silenced athletes, leaving them without a platform to reach fans or make their voices heard.

Why it matters: But now that athletes boast massive social media followings and no longer need live game broadcasts or media outlets to reach millions, they're speaking out en masse amid protests over the death of George Floyd and other police-related killings of black people — delivering messages of frustration and unity, despite their leagues not currently operating.

Go deeper (2 min. read)

Scott Rosenberg

4 hours ago - Technology

The technology of witnessing brutality

Charging Alabama state troopers pass by fallen demonstrators in Selma on March 7, 1965. Photo: Bettmann/Getty Images

The ways Americans capture and share records of racist violence and police misconduct keep changing, but the pain of the underlying injustices they chronicle remains a stubborn constant.

Driving the news: After George Floyd's death at the hands of Minneapolis police sparked wide protests, Minnesota Gov. Tim Walz said, “Thank God a young person had a camera to video it."

Go deeper (1 min. read)