Tesla Autopilot crash blamed on driver error in China
Tesla says the Model S followed the lead car and that hands were not on the wheel, while the owner claims Autopilot caused a crash into a parked car. No injuries reported. Reuters notes the driver was using the system improperly per Tesla. SunPower reports 30 percent stock drop as 1,200 jobs are cut and outlook is revised. Starbucks and Lyft join on loyalty points with stars earned for rides through a morning window.
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TESLA
China
Reuters
Sunpower
Weird food gimmicks draw new, old fans
Fast food chains push quirky mashups and retro limited-time items to spark traffic. Burger King touts the Whopperito a tortilla wrapped burger while Pepsi re introduces Crystal Pepsi with a 1990s theme. Analysts note novelty drives visits more than lasting impact though some items become permanent crowd favorites.
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Burger King
Pepsi
Alex Macedo
Burger King North America
PepsiCo
Crystal Pepsi
Manhattan
Dan Rene
Levick
Neil Saunders
Conlamino
KFC
Taco Bell
Macedo
USA Snapshot on Average CD Yields
As of Wednesday researchers report average certificate of deposit yields across major banks. Investors monitor rate trends amid shifting economic data with rates varying by term and bank.
CVS Pay Ditches Wallet With In Store App Payments
CVS Health unveils in app payments through the CVS app, combining loyalty, prescription pickup and CVS Pay for in store and drive thru purchases at about 9,600 locations. The rollout starts in New York New Jersey Pennsylvania and Delaware now with nationwide expansion by year end. CVS joins Walmart in app based payments while Apple Pay Google Pay and Samsung Pay remain unavailable at CVS and Walgreens alike. The move preserves transaction fees for card issuers while eliminating physical plastic for many customers.
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CVS Health
CVS
Brian Tilzer
Walmart
New York
New Jersey
Pennsylvania
Delaware
Apple
Google
Samsung
Android
Walgreens
Balance
Wall Street bulls and bears clash over year end S&P close
The S&P 500 rose this year to 2175 amid eight highs while the debate heats between optimists guided by Fundstrat’s Tom Lee and HSBC’s Ben Laidler on year end targets. Bearish risk looms from weak growth in Europe and Asia plus policy uncertainty and oil price moves.
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Wall Street
S&p
Standard & Poor
Bloomberg
Dex
Tom Lee
Fundstrat Global Advisors
Lee
Ben Laidler
HSBC
Laidler
Europe
Japan
U.S
Dan Suzuki
Bank of America Merrill Lynch
S&p 500
Oppenheimer
John Stoltzfus
Bank of America Savita Subramanian
Bloomberg A O
USA Today
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Ris Kinkade
Veronica Bravo
CVS Pay
Eral
Wall ST
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