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U.S. NHTSA reviewing claims 2,000 Tesla vehicles should have been recalled

The U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday it is reviewing a defect petition that claims Tesla Inc failed to issue a recall when it issued a software upgrade in 2,000 Model S and Model X vehicles in May. NHTSA said Friday it had opened a formal review to evaluate the petition’s claims. Tesla did not immediately respond to requests for comment. …read more […]

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UPDATE 1-U.S. NHTSA reviewing claims 2,000 Tesla vehicles should have been recalled

The U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday it is reviewing a defect petition that claims Tesla Inc failed to issue a recall when it issued a software upgrade in 2,000 Model S and Model X vehicles in May. NHTSA said Friday it had opened a formal review to evaluate the petition’s claims. Tesla did not immediately respond to requests for comment. …read more […]

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U.S. airlines grapple with 'unfair tax' that adds to aircraft supply disruption

WASHINGTON/CHICAGO (Reuters) – U.S. airlines are scrambling to digest a new 10% tariff on European-made Airbus planes that threaten additional havoc in an aircraft supply market already reeling from frozen deliveries of Boeing Co’s 737 MAX. The tariff on Airbus planes creates uncertainty for aircraft delivery terms much like the global grounding of Boeing’s 737 MAX in March after two fatal crashes and comes at a time of threats to international air travel demand in the midst of slowing global economic growth and trade disputes. …read more […]

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The Best Investment Approach: Concentration or Diversification?

One of the best investment strategies to achieve your long-term financial goals is to create a diversified portfolio, but what if you don’t have the time or the patience?
Today, Alexander Green explains another approach that provides faster results.

More than 200 years of financial history show that owning a diversified portfolio of stocks gives you the highest probability of reaching your long-term financial goals.
What’s the best way to go about that?
One of the simplest and easiest ways is to own a portfolio of index funds like The Oxford Club’s Gone Fishin’ Portfolio.
All that’s required – as I discussed in my last …read more […]

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T-Mobile-Sprint Merger Has Majority Support at the FCC

(Bloomberg) — T-Mobile US Inc.’s proposed merger with Sprint Corp. has received a third “yes” vote at the U.S. Federal Communications Commission, moving the deal toward agency approval in coming days, according to two people familiar with the matter.All three Republicans on the five-member agency have voted for the deal, setting in motion procedures that would require agency action by Oct. 9, or Oct. 16 if an extension is requested by a commissioner, the people said. Neither agency Democrat has cast a vote, and both have called for delay.The third “yes” came from Commissioner Brendan Carr, according to the people, …read more […]

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Sarepta Climbs as Gene Therapy Shows Promise in Early Study

(Bloomberg) — Sarepta Therapeutics Inc.’s bulls may get some validation after the company’s experimental gene therapy for a rare type of muscular dystrophy improved physical fitness in a trio of patients.Updated data for the experimental compound showed patients with an inherited form of Limb-girdle muscular dystrophy reaped functional benefits in several areas after receiving SRP-9003, with a pair of teenagers posting gains in their ability to move when they typically would have experienced declines. Analysts had stressed that promising results could help the company shake-off a recent rout that wiped out $6 billion in market value as questions about the …read more […]