May 22, 2018

Worries grow over self-driving cars

A Bosch development vehicle driverless car. Photo: Yui Mok/PA Images via Getty Images

Seventy-three percent of Americans are afraid to drive in self-driving cars, according to a new American Automobile Association survey.

Why it matters: This is a 10% jump from last year, which could be attributed to two fatal crashes involving a self-driving Uber and a Tesla Model X. Per AAA's survey, millennials were "the most impacted by these incidents," with a 15% jump (from 49% to 64%) in how many fear riding in autonomous vehicles — more than any other generation surveyed.

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Minneapolis will ban police chokeholds following George Floyd's death

A memorial for George Floyd at the site of his death in Minneapolis. Photo: Steel Brooks/Anadolu Agency via Getty Images

Minneapolis has agreed to ban the use of police chokeholds and will require nearby officers to act to stop them in the wake of George Floyd's death, AP reports.

Why it matters: The agreement between the city and the Minnesota Department of Human Rights, which has launched an investigation into Floyd's death while in police custody, will be enforceable in court.

Better-than-expected jobs report boosts stock market

Data: Yahoo Finance; Chart: Axios

The S&P 500 jumped nearly 3% on Friday after a stronger-than-expected May jobs report showed that an economic recovery could be underway.

The state of play: Stocks have rallied since the worst of the coronavirus sell-off ended in late March and looked past a spate of ugly economic reports — not to mention civil unrest.

The Athletic lays off 8% of staff, implements company-wide pay cut

Adam Hansmann (left) and Alex Mather (right), co-founders of The Athletic. Photo: Steph Gray, courtesy of The Athletic

The Athletic is laying off nearly 8% of staff, 46 people, according to an internal memo obtained by Axios.

Why it matters: It's the latest media company that's been been forced to take drastic measures to survive the economic fallout from the coronavirus. Like many sports media outlets, The Athletic has been particularly impacted by the loss of live sports.