Investing.com– U.S. stock index futures rose slightly in evening deals on Sunday as sentiment remained upbeat after strong payrolls data from last week, with focus turning to more cues on interest rates and corporate earning in the coming days. Wall Street rose sharply on Friday after stronger-than-expected data helped abate concerns over a slowing U.S. economy. But the reading also quashed expectations over steep interest rate cuts in the coming months. rose 0.1% to 5,804.50 points, while rose 0.1% to 20,245.50 points by 19:34 ET (23:34 GMT). rose 0.1% to 5,751.07 points. Fed comments, CPI inflation on tap Focus this…
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Mazda has issued a massive recall for its MX-5 roadster and retractable fastback models in the United States. The recall affects 77,670 vehicles and is due to a faulty airbag sensor control module that could cause excessive airbag deployment force in a crash. The automaker discovered the issue during development of the 2024 MX-5 Miata and RF and traced it to a misconfigured calibration tool. After further investigation, Mazda determined that the collision detection sensitivity of the airbag system did not comply with federal safety standards. The company released new software for the control module in November 2023 to address…
In a move that has sent ripples through the automotive world, McLaren Automotive has announced the upcoming debut of its highly anticipated W1. This new model is set to join the ranks of the iconic F1 and P1, further solidifying McLaren’s position as a pioneer in high-performance hybrid vehicles. The W1, which is revealed on October 6th, is said to pay homage to McLaren’s rich history in Formula 1, particularly the team’s first constructors’ title in 1974. This milestone was secured by the legendary Emerson Fittipaldi, who also clinched the drivers’ championship that year. McLaren’s New W1 Hypercar (McLaren) While…
(Bloomberg) — Most Asian stocks are set to open higher in early trading after strong US jobs data underscored the health of the world’s largest economy and boosted soft landing hopes.Most Read from BloombergAustralian shares and Japan equity futures rose while contracts in Hong Kong slipped. US contracts edged higher early Monday after the S&P 500 rose 0.9% on Friday. The dollar was steady following its best week in two years as Treasury yields surged amid recalibrated bets on the size of the Federal Reserve’s next rate cut.The so-called soft landing narrative has again taken over markets, pushing back concerns…
Toyota has initiated a safety recall for the hybrid version of the Corolla Cross in the United States. The recall affects an estimated 42,199 vehicles produced between June 1, 2022, and September 10, 2024. The issue stems from a faulty brake actuator assembly supplied by Bosch, which could lead to reduced braking force and increased risk of a crash in certain driving conditions. Toyota dealers will be updating the skid control electronic control unit software at no cost to owners. The recall is expected to begin in November 2024, with owners receiving notification letters by mail. The Toyota Corolla Cross,…
By Hyunjoo Jin SEOUL (Reuters) – Samsung Electronics (KS:) is expected to flag more than a four-fold jump in quarterly profit on Tuesday on improving demand for chips, but the pace of its recovery is weakening, as it is slow to cash in on the artificial intelligence boom. Operating profit for Samsung, the world’s top maker of memory chips, smartphones and TVs, likely stood at 10.33 trillion won ($7.67 billion) in the quarter ended Sept 30, according to an average from 29 analysts with LSEG SmartEstimate, weighted toward those who are more consistently accurate. This is a jump from 2.43…
The Oldsmobile Cutlass, a mainstay nameplate for over a quarter of a century, began its journey in 1961 as a trim level for the F-85. By the mid-1970s, it had become the best selling car in America, a testament to its popularity and appeal. However, the late 1970s marked a significant turning point for Oldsmobile and the American automotive industry. As the Malaise era gripped the domestic car industry, Detroit faced increasing competition from Japanese imports. The Big Three, including Oldsmobile, Chevrolet, and Ford, struggled to adapt to the changing market as the demand for larger, gas-guzzling cars waned. Despite…
Mercedes-Benz has issued a safety recall for certain 2021-2023 S-Class and Maybach S-Class models due to potential engine control unit software issues that could lead to engine stalls or increased exhaust temperatures. The recall affects 27,190 vehicles in the United States. The software error could cause the engine to stall during a CAMTRONIC system failure, which controls variable valve lift. Additionally, the incorrect programming could lead to increased exhaust temperatures due to excessive fuel delivery, potentially damaging engine components. Mercedes-Benz Recall for S-Class Models Due to Engine Software Issues (Mercedes) Mercedes-Benz became aware of the issue after receiving an increase…
Investing.com– Anglo-Australian miner Rio Tinto Ltd (ASX:) had approached U.S.-listed Arcadium Lithium PLC (NYSE:) over a potential takeover, both parties said in separate statements on Monday without presenting any financial details. Reports last week said Rio was considering a takeover, which could value Arcadium between $4 billion and $6 billion, or even higher. Arcadium’s market capitalization was around $3 billion on Friday, while its shares surged about 36% after the report. Rio confirmed that it was considering a takeover, but noted that the approach was “non-binding,” and that there was no certainty that any deal would be reached. The potential…
It’s not every day you come across a stripped down Chevrolet Corvette abandoned on a quiet road. The sight of this half eviscerated vehicle, seemingly dumped overnight, sent shockwaves through the small community of Clearview, Ontario. Locals, who had reported similar incidents of abandoned, stripped cars in the area, couldn’t believe their eyes when they spotted the Corvette’s skeletal remains on Sunnidale Road. The once proud sports car was now a mere shell, devoid of its engine, transmission, axles, body panels, or even wheels. The only remnants of its former glory were the windshield wiper blades, a peculiar detail that…