Money

Authorities investigating if Tesla violated safety regulations

Published

5 years ago

May 18, 2021

California regulators are continuing to investigate the safety of Tesla’s ‘autopilot’ feature

A California regulator says it’s reviewing whether Tesla has violated safety regulations by falsely promoting its advanced driver assistant system as being “full self-driving.”

Tesla’s driver assistant features, which it describes as “Autopilot” have come under growing scrutiny.

It follows a series of accidents and online videos of Tesla cars driving with no one in the driver’s seat

Now Tesla charges $10,000 for its semi-automated features such as lane changing and parking assistance under its full self-driving software.

But the carmaker states on its website that the features do not make the vehicle fully automatic.

Consumer groups and experts have criticised Tesla for misleading consumers.

They also claim the cars don’t drive themselves, saying that Tesla has violated rules.

As for what this means for the Elon Musk owned company – it could lead to the suspension of their occupational license, among other administrative actions.

Elon Musk confirms Tesla safety modifications

This comes after Elon Musk confirmed Tesla is tweaking its self-driving software to eliminate a phantom braking problem.

Musk says Tesla may release a significantly improved version within the next two to three weeks.

US state regulators have been scrutinising Tesla’s semi-automated driving system following accidents in Texas and other areas.

Musk says the two to three week timeframe is right now an estimate – and acknowledged things are hard to predict accurately.

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.

The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.

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Money

Gold hits record highs as investors flee risk

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Published

3 days ago

January 20, 2026

Harvey Vargas

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.

The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.

Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.

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Money

Markets edge higher as 10-year yields hit new highs

Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.

Published

4 days ago

January 19, 2026

Harvey Vargas

Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.

All major stock indices are starting the week slightly higher, giving investors cautious optimism. Analysts are keeping an eye on movements in small caps and mega-cap tech stocks amid these early gains.

The yield on the 10-year Treasury note has climbed to 4.23%, the highest since last September. This follows Kevin Warsh emerging as the frontrunner for the next Federal Reserve Chair, sparking speculation on future monetary policy.

Rising yields could trigger a pullback in small-cap stocks, while investors may pivot toward mega-cap tech, expected to deliver strong earnings growth. Overall, the market is likely to see a neutral to slightly bearish trend next week due to overbought conditions.

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