Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles.BaiduBEIJING — As Baidu ramps up its robotaxi operations worldwide, fully driverless weekly rides as of Oct. 31 have now surpassed 250,000 orders, according to a spokesperson for the company’s driverless car unit Apollo Go.That’s on par with what Waymo reported in late April for its weekly paid U.S. rides. When contacted by CNBC, Waymo did not have a new specific figure to share. The Alphabet-backed robotaxi operator primarily operates in San Francisco and Los Angeles in California and Phoenix, Arizona. Waymo…
Author: usaeverydaylife
Robots manufacture auto parts at a factory in Ningde, China, on Oct. 17, 2024.Nurphoto | Nurphoto | Getty ImagesChina’s factory activity growth in October missed market expectations, as trade tensions with the U.S. intensified during the month, according to a private survey released Monday.The RatingDog China General Manufacturing PMI, compiled by S&P Global, dropped to 50.6 in October from the six-month high of 51.2 in September, missing analysts’ expectations of 50.9 in a Reuters poll. Staying above the 50-benchmark that separates growth from contraction, the private survey numbers were better compared to the official survey released last Friday that showed…
Jensen Huang, CEO of Nvidia, attends a press conference after the 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju, South Korea, October 31, 2025. Kim Soo-hyeon | Reuters Traders who shorted the S&P 500 — essentially, betting that it would go down — last month were in for a rude surprise. The broad-based index ended the month 2.3% higher, defying “Octoberphobia,” a term that arose because of the market crashes in 1929 and 1987 that happened during the month.The Nasdaq Composite had an even better month than the S&P 500. The tech-heavy index climbed 4.7%, giving a hint of…
An employee works on the production line of power batteries and box chassis for new energy vehicles at a workshop on July 11, 2025 in Huaibei, Anhui Province of China.Li Xin | Visual China Group | Getty ImagesAsia-Pacific markets opened mixed Monday, after Wall Street saw all three U.S. major indexes climb Friday stateside.Investors in Asia will be watching manufacturing activity figures out from China later today, as RatingDog publishes its purchasing managers index for October.Economists from Reuters expect the reading to come in at 50.9, slightly lower than September’s 51.2. The official PMI numbers out of the National Bureau…
Traders work on the floor at the New York Stock Exchange on Sept. 17, 2025.Brendan McDermid | ReutersStock futures were little changed on Sunday night, as a new month of trading begins.S&P 500 futures ticked higher by 0.1% along with Nasdaq-100 futures. Dow Jones Industrial Average futures advanced 16 points, or less than 0.1%.Wall Street is coming off a winning session that added to the benchmark’s October gains. The S&P 500 and Dow industrials climbed 2.3% and 2.5%, respectively, for the month. The Nasdaq Composite outperformed, gaining 4.7%.Those gains were driven in part by continued momentum in the artificial intelligence…
Investing is not just a game of giant Jenga. But the pessimistic hedge funds, or the ones who must have shorts on to justify their high fees, as well as their media acolytes who sound so painfully bearish even if they are just trying to sound like informed skeptics, sure make it seem that way when they fixate on the fate of the stock market and the “Magnificent Seven.” The presumption of the gang tackle of articles about the Seven is simple: The market is too heavily concentrated in these seven stocks: Alphabet , Apple, Amazon , Meta Platforms, Microsoft…
U.S. President Donald Trump and Chinese President Xi Jinping talk as they leave after a bilateral meeting at Gimhae International Airport, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Busan, South Korea, October 30, 2025. Evelyn Hockstein | ReutersPresident Donald Trump says that Chinese President Xi Jinping has given him assurances that Beijing would take no action toward its long-stated goal of unifying Taiwan with mainland China while the Republican leader is in office.Trump said that the long-contentious issue of Taiwan did not come up in his talks with Xi on Thursday in South Korea that largely…
Jasondoiy | E+ | Getty ImagesA recent NBC News poll showed growing frustration among Americans regarding President Donald Trump’s handling of the economy less than a year after entering office.In a poll of 1,000 voters taken between Oct. 25-28, 63% said Trump had fallen short of expectations regarding the economy. Separately, 65% said Trump had fallen short of looking out for the middle class, and 66% expressed the same sentiment for the handling of inflation and the cost of living.Trump’s overall approval rating in the poll has fallen 4 points to 43% since March, while 55% disapprove of the president’s…
Juanma Hache | Moment | Getty ImagesWhile many investors welcome a windfall, the rules for inherited individual retirement accounts are complicated — and mistakes can be costly. Since 2020, certain inherited accounts are subject to the “10-year rule,” and heirs must empty the balance by the 10th year after the original account owner’s death. Plus, some non-spouse beneficiaries, commonly adult children, must begin taking required minimum distributions, or RMDs, in 2025 over the 10-year period, or face a hefty IRS penalty. Inherited IRA planning is important amid the “great wealth transfer,” with more than $100 trillion expected to change hands through 2048, according…
Members of the FBI Joint Terrorism Task Force stand in the front yard as they search a home in Dearborn, Michigan, on October 31, 2025.Jeff Kowalsky | AFP | Getty ImagesA Michigan defense lawyer is disputing FBI Director Kash Patel’s allegations that his 20-year-old client and four other young suspects were planning to carry out a terror attack on Halloween weekend.Announcing their arrests on Friday, Patel said more information would be coming soon, however the FBI and Michigan authorities have offered few details about the case. Spokespersons for the state and national FBI and the U.S. Attorney in Detroit did not…
