Financial data and software firm headquartered in Norwalk, Connecticut
Slate Auto has unveiled a bare‑bones two‑seat electric pickup with a $24,950 base price and a two‑row SUV conversion starting at $29,950. The company has raised the base EPA range estimate to about 205 miles, is taking preorders with a $300 deposit, and plans production to begin in late 2026 with direct online sales.
Ten years after the Brexit vote, economists say the UK’s economy is smaller than it would have been, with weaker investment and productivity. Public sentiment has shifted toward regret, while trade frictions and inflation persist. The path forward remains uncertain.
The government has released June employment data showing payrolls rising by 57,000, far below forecasts, while the unemployment rate edges down to 4.2%. The labor force participation rate has fallen, highlighting a shift in the job market as fewer people are seeking work. Revisions to May and April data point to a softer hiring pace than previously thought.
Tesla has reported record second-quarter deliveries of 480,126 vehicles, a 25% year-on-year rise that exceeded Wall Street estimates. Production ran at 451,758 units, leaving the company to draw down inventory. Strong European demand, higher fuel prices and expanded availability of its driver‑assist systems have powered the rebound.
Federal and local probes have produced new findings and warnings about autonomous vehicles. The NTSB has reported that a Tesla driver manually overrode Full Self-Driving before a June crash that killed a 76‑year‑old in Katy, Texas. NHTSA has issued a directive demanding AV developers fix cases where driverless cars enter or block emergency scenes; Waymo and California regulators are under pressure over several incidents.
A wave of new findings shows AI adoption is reshaping hiring and skill needs. High-intensity AI users are growing headcount, while AI-native firms are restructuring teams and boosting senior talent shares. Scottish businesses are adopting AI rapidly but face expertise and trust gaps. The evidence comes from Ramp/Revelio, Harvard/INSEAD, BCG, and national outlets.
Investors are buoyed by stronger-than-expected earnings from UPS and IBM, signaling resilience in logistics and tech hardware amid shifting demand. The results have driven upward revisions to full-year guides and raised bets on AI-enabled efficiency, even as other reports show mixed momentum across sectors.
Prices have fallen across major Israeli cities amid war-related uncertainty. April data show a 19% drop in apartment transactions and a sharp decline in investor purchases, while foreign buyers led Jerusalem's 2025 acquisitions.
SpaceX faces a pivotal week with its first earnings report due Aug. 4 and a major insider lock-up expiration on Aug. 6, potentially flooding the market with shares. Traders are weighing earnings, AI revenue, and the risk of volatility as insiders gain selling power.
Alphabet and Tesla have reported strong revenue but have raised 2026 capital-expenditure plans, pushing both into negative free cash flow and prompting steep share declines this week. Investors are questioning whether massive AI-driven data-centre buildouts — and rising debt and lease commitments across hyperscalers — will deliver returns, and analysts expect other megacaps to face similar scrutiny.