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.

US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.

The United States and China have officially approved a deal for TikTok’s US operations to be sold to American investors, led by Oracle and Silver Lake.

This marks a major shift in the social media landscape as the platform navigates increasing regulatory scrutiny.

Under the new agreement, ByteDance will retain just under 20% of TikTok US, while Oracle and Silver Lake will each take 15% stakes. Other investors will also participate, forming a structure designed to satisfy both commercial and regulatory demands.

The new US-based entity will have a majority American board tasked with overseeing data protection and content moderation. Despite these safeguards, concerns remain about ByteDance’s influence and whether the deal fully complies with recent legislation.

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#TikTokSale #USChinaDeal #Oracle #SilverLake #ByteDance #TechNews #SocialMedia #DataProtection

Money

Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide

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

Published

2 days ago

January 21, 2026

Harvey Vargas

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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#USMarkets #WallStreet #TrumpTariffs #GlobalMarkets #USDebt #Europe #Davos #Ticker

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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#GoldRally #SafeHaven #InvestingTips #FinancialMarkets #GoldPrices #GlobalEconomy #MarketUpdate #TickerNews