Ailes Exits Fox News After Harassment Allegations
Roger Ailes departed as chief executive of Fox News Channel after a sexual harassment scandal. Rupert Murdoch will run Fox News and Fox Business until a successor is named. The July 6 Carlson suit triggered a rapid fall, with more women reporting alleged misconduct and a broad corporate investigation underway.
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Mortgage rates near record lows spur rush to refinance
Homeowners rush to refinance as long term rates slide toward 3.31 percent, boosting loan activity. McCollum trims his rate to 3.5 percent saving about 300 dollars monthly, funding school costs and savings for his family, while lenders warn qualification and equity hurdles remain.
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Tesla unveils second part of master plan part two
Elon Musk revealed Tesla's multiyear four pronged strategy including new vehicle types, expanded solar efforts, autopilot updates, and a tide sharing program. Tesla stock dipped about 3 percent as analysts questioned timelines and delivery targets while ads of future trucks and buses surfaced.
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Musk lays out ambitious Tesla plan for buses and self driving
Tesla chief executive Elon Musk unveiled a broad master plan proposing a dense urban transport bus without a center aisle featuring self pacing traffic aware seats and a fleet manager driver. He touted SolarCity ties and Autopilot safety improvements while signaling a Uber like car rental model for Tesla owners when true self driving gains regulator approval.
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GM posts $2.9 billion Q2 profit boosts investor optimism
GM reports 2.9 billion earnings for the second quarter surpassing expectations as Mary Barra pushes bets on self driving cars ride hailing and car sharing. Analysts warn impact will depend on EU exit timing and profitability in later quarters while base auto sales remain strong in North America amid low gas prices and easy credit.
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GM recalls 308000 cars for air bags
General Motors recalls nearly 308000 older Chevrolet Impala sedans in the United States and Canada due to air bag non deployment risk in a crash. The 2009 and 2010 model years built before February 10, 2010 may have a front passenger seat frame rubbing the wiring for the passenger detection sensor, potentially cutting power to the sensor and disabling the air bags. Owners should contact dealers to schedule repairs.
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