Oct. 25, 2016 8:26 AM ET
DENVER (AP) — Anheuser-Busch says it has completed the world’s first commercial shipment by self-driving truck, sending a beer-filled tractor-trailer on a journey of more than 120 miles through Colorado.
The company says it teamed with self-driving truck maker, Otto, and the state of Colorado for the feat. The trailer, loaded with Budweiser beer, began the self-driving trip at a weigh station in Fort Collins, Colorado, and ran along Interstate 25 through Denver before wrapping up in Colorado Springs. (more…)
Wall Street wants you back!
If you were one of those investors who this past spring “sold in May and went away,” you should know that the seasonal winds will soon shift and begin blowing in a bullish direction.
I’m referring, of course, to the well-known six-month-on, six-month-off seasonal pattern that goes by the name of the “Halloween Indicator.” Followers also refer to it as “Sell in May and Go Away.” In contrast to most of the alleged patterns that Wall Street claims to have discovered, this one turns out to be based on solid statistics. The stock market historically has produced the bulk of its gains in the “winter” months between Halloween and May Day.
Since the Dow Jones industrial average was created in 1896, for example, it has produced an average winter gain of 5.2%, versus just 1.7% during the summer. Not only is this difference significant at the 95% confidence level that statisticians often use to determine if a pattern is more than just a random fluke, it is not unique just to the U.S. Ben Jacobsen, a finance professor at the TIAS Business School in the Netherlands, has detected the Halloween Indicator in almost all foreign countries’ stock markets as well, and as far back as 1694 in the United Kingdom’s market.
A robot that looks like the love child of an icebox and R2-D2 pulls up outside a house in San Francisco. The lid pops open, uncovering a box of pastries inside.
“I got a delivery from a little roaming cooler, it looks like,” Julie O’Keefe, 67, tells the San Francisco Chronicle.
A recent test run of startup Starship Technologies’ autonomous robot shows what may be the future of on-demand delivery. The London- and Estonia-based company developed a fleet of delivery bots that aim to crack the last-mile challenge, or make the last leg of a delivery.
The startup has already begun testing in Europe, encountering more than a millionpedestrians, and plans to start tests in the Bay Area in the next couple of months.
Walmart Is Being Sued for Allegedly Bribing the Mexican Government
To open new stores.
Walmart must face a class-action lawsuit accusing the world’s largest retailer of defrauding shareholders by concealing suspected bribery to help it expand faster in Mexico, a U.S. judge said.
In a decision on Tuesday, U.S. District Judge Susan Hickey in Fayetteville, Arkansas rejected Walmart’s contention that a Michigan pension fund had no standing to lead the case because it had not suffered losses on the retailer’s stock.