News

Tragic Tesla Collision in Virginia Sparks Investigation by US Authorities

Published

2 years ago

August 11, 2023

The United States is gripped by another fatal Tesla crash, prompting the National Highway Traffic Safety Administration (NHTSA) to initiate a special investigation into the accident.

The incident, which occurred on July 19, involved a Tesla Model Y colliding with a heavy truck, resulting in the tragic death of the Tesla’s driver.

Amidst concerns about the involvement of advanced driver assistance systems, the NHTSA has taken a proactive stance to delve into the circumstances surrounding the accident. The crash, which took place in Warrenton, Virginia, claimed the life of a 57-year-old Tesla driver.

The collision transpired when a tractor-trailer truck attempted to make a turn onto a highway from a truck stop. The Tesla, striking the side of the truck, tragically went beneath it, leading to the driver’s immediate demise. In response, the driver of the tractor-trailer was slapped with a summons for reckless driving.

The incident brings to the fore the ongoing debate surrounding Tesla’s Autopilot feature. Introduced with the intention of providing automated lane control, acceleration, and braking, Autopilot has raised concerns about its level of reliability and the necessity for human intervention. Tesla has consistently emphasized that the system should always be used with an actively engaged driver at the helm.

The NHTSA’s decision to undertake this special crash investigation isn’t an isolated occurrence. In the past, the agency has initiated over thirty similar investigations into Tesla crashes, where Autopilot’s role was suspected. Shockingly, these accidents have collectively resulted in twenty-three fatalities since 2016.

The recent incident in Virginia isn’t the only tragedy to cast a shadow on Tesla’s reputation. Another collision, this time in California on July 5, prompted the NHTSA to launch a separate investigation.

A head-on collision between a 2018 Tesla Model 3 and a 2013 Subaru Impreza led to the untimely demise of the 17-year-old driver of the Subaru and critically injured a three-month-old passenger in the Tesla, who succumbed to injuries several days later.

Transportation Secretary Pete Buttigieg, when asked about the ongoing investigation into Tesla’s Autopilot, offered no substantial updates but emphasized the importance of a thorough and responsible inquiry.

News

This may be the AI market correction, according to traders

US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.

Published

6 hours ago

November 5, 2025

Ahron Young

US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.

US stocks have taken a sharp dive as investors grow nervous about stretched valuations and uneven earnings reports from tech giants. Major Wall Street banks, including Morgan Stanley and Goldman Sachs, are warning that the rally could be nearing a 10% correction – a wake-up call for traders betting on unstoppable market momentum.

Nvidia, the world’s most valuable public company, dropped nearly 4%, wiping out around $200 billion in market value. Meanwhile, Palantir slid 6%, dragging other AI and semiconductor names lower. Even gold — a traditional safe haven — dipped 1.6%, signaling widespread investor anxiety.

Bitcoin also broke below the $100,000 mark for the first time since June, underscoring how jittery markets have become. As earnings season unfolds and the US government shutdown looms, investors are questioning whether the bull run that lifted the S&P 35% since April has finally run out of steam.

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News

Dick Cheney dies at 84: The end of an era in American power

Former Vice President Dick Cheney dies at 84, leaving a controversial legacy in American politics and national security.

Published

6 hours ago

November 5, 2025

Ahron Young

Former Vice President Dick Cheney dies at 84, leaving a controversial legacy in American politics and national security.

Former U.S. Vice President Dick Cheney has died at the age of 84, marking the end of one of the most influential — and controversial — political careers in modern American history. Cheney served under four Republican presidents, most notably George W. Bush, where he became known as one of the most powerful vice presidents in U.S. history.

His family confirmed he passed away from complications related to pneumonia and heart disease. Cheney’s decades in Washington were defined by his hardline approach to national security and his role in shaping America’s response to the September 11 attacks.

Even after leaving office, Cheney remained a strong defender of his policies, particularly the 2003 invasion of Iraq. His passing leaves behind a complicated legacy — one that reshaped U.S. foreign policy and continues to influence Republican politics today.

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News

Nasdaq sell-off deepens amid AI stock concerns

Nasdaq sell-off worsens as AI stock valuations spark investor concerns and Palantir shares plummet despite strong earnings

Published

8 hours ago

November 5, 2025

Ahron Young

Nasdaq sell-off worsens as AI stock valuations spark investor concerns and Palantir shares plummet despite strong earnings

In Short:
– Stocks fell due to concerns over AI valuations; S&P 500 down 1.2%, Nasdaq down 1.9%.
– Palantir shares dropped 9% despite strong performance, raising questions about sustainability of high valuations.

Stocks fell on Tuesday as investor concerns regarding artificial intelligence valuations impacted major indices.

The S&P 500 declined by 1.2%, and the Nasdaq Composite dropped by 1.9%, while the Dow Jones Industrial Average lost 304 points, equating to a 0.6% decrease.Palantir shares dropped 9%, despite the company’s strong third-quarter performance and positive forecasts attributed to its AI sector growth. The stock has surged over 150% this year, yet trades at over 200 times its forward earnings, leading investors to question whether such valuations can be sustained.

Other tech stocks also faced declines, including Oracle and AMD, which saw drops of 4% and more than 3%, respectively.

Gains in AI stocks have inflated the S&P 500’s price-earnings ratio above 23, raising concerns about stock valuations. Ameriprise market strategist Anthony Saglimbene highlighted potential risks, stating that investors are questioning if future profit growth will support high capital expenditures.

Market Outlook

Comments from executives at Goldman Sachs and Morgan Stanley further added to market worries.

Both firms predicted potential market pullbacks, with drawdowns of 10% to 20% possible within the next two years. Saglimbene noted a narrow market breadth in recent months, suggesting limited alternatives if a downturn occurs in the tech sector.