What’s Up? (Aug. 15-21)
Tesla Beneath Investigation
The nation’s prime auto-safety company announced the broadest investigation yet into Tesla’s assisted-driving expertise, which it calls Autopilot, prompted by not less than 11 accidents by which Teslas crashed into parked emergency automobiles. The company is investigating greater than two dozen crashes that occurred with Autopilot in use, which resulted in not less than 10 deaths. Regardless of its title, the function doesn’t make Teslas autonomous. Security specialists say it might encourage distracted driving by giving a misunderstanding about its capabilities.
Amazon > Walmart
Twenty-six years after Amazon bought its first ebook, it surpassed Walmart in complete gross sales. The worth of all issues bought on Amazon, by it and its third-party sellers, surpassed $610 billion within the 12 months by means of June, in keeping with estimates compiled by FactSet. Walmart on Tuesday reported $566 billion in sales over an analogous interval. A pandemic-driven surge in on-line buying accelerated the timeline for what many noticed as an inevitable milestone. Even so, on-line gross sales nonetheless symbolize simply 14 percent of general retail spending.
Fb Belief Points
The Federal Commerce Fee refiled its antitrust lawsuit against Facebook on Thursday. The brand new criticism is extra detailed and virtually twice so long as the unique, however the declare is similar: Fb holds a monopoly on social networking that it has tried to keep up by means of acquisitions. Previously, monopoly energy has usually been gauged by affect on costs. A federal choose threw out the F.T.C.’s initial Facebook case in June, highlighting the problem of defining a monopoly when the product is free.
What’s Subsequent? (Aug. 22-28)
Central bankers meet for his or her annual gathering in Jackson Gap, Wyo., beginning on Thursday. The Federal Reserve has made necessary bulletins on the occasion prior to now, and lots of count on Jerome H. Powell, the Fed chair, to disclose particulars about how and when the financial institution plans to start winding down its bond-buying program, one in every of a number of insurance policies it created to scale back the financial affect of the pandemic. Minutes from the Fed’s final assembly confirmed that officers generally agreed that they would soon meet their standards for slowing bond-buying, however they had been nonetheless debating precisely when to start the so-called taper.
U.Ok. Journey Restrictions
The U.Ok. will make updates to its much-criticized “traffic light” system of pandemic journey restrictions. Beneath the system, residents touring to “inexperienced checklist” nations don’t have to quarantine upon return however are required to take coronavirus assessments. These coming back from nations on the “amber checklist,” which incorporates the USA, have to be examined and, except they’re totally immunized with an accredited vaccine, isolate for 10 days. Individuals coming back from “pink checklist” nations could solely enter Britain if they’ve residence rights, after which should quarantine for 10 days in a government-approved resort.
Tokyo continues to be grappling with a high level of coronavirus infections and a low rate of vaccination whereas making ready for the Paralympics to start out on Tuesday. As with the Olympics, no spectators might be allowed on the video games.
Retail gross sales fell in July, however the Delta variant is not to blame. Fb is betting you’ll need to attend meetings in virtual reality. “Jeopardy!” is looking for a permanent host as soon as once more. And Pope Francis referred to as getting vaccinated “an act of love.”