DOGE cuts nearly half of unit overseeing autonomous vehicles safety, report says

DOGE cuts nearly half of unit overseeing autonomous vehicles safety, report says


Elon Musk speaks next to U.S. President Donald Trump (not pictured) in the Oval Office of the White House in Washington, D.C., U.S., February 11, 2025. 

Kevin Lamarque | Reuters

Elon Musk-led Department of Government Efficiency has cut three out of roughly seven people in a U.S. auto safety agency unit overseeing the safety of autonomous vehicles, the Washington Post reported on Thursday.

The workers fired by the agency headed by the Tesla CEO said they do not believe they were targeted because they are examining driverless cars, the newspaper reported.

The autonomous vehicles safety unit cuts are part of reductions at the National Highway Traffic Safety Administration, which is losing about 10% of its workforce through firings and buyout offers, according to the Washington Post.



Source

Qualcomm drops 11% as chip stocks pull back from record AI-driven rally
World

Qualcomm drops 11% as chip stocks pull back from record AI-driven rally

Qualcomm is one of the biggest semiconductor companies making chipsets. Nurphoto | Nurphoto | Getty Images Chip stocks dropped on Tuesday, pulling back from a massive rally that broadened the artificial intelligence trade beyond Nvidia and propelled the sector to new highs. Qualcomm plummeted more than 11% and headed for its worst session since 2020. […]

Read More
Traders will soon be able to bet on computer chip prices as AI drives costs skyward
World

Traders will soon be able to bet on computer chip prices as AI drives costs skyward

CME Group signage above the former Chicago Board of Trade (CBOT) trading pit in Chicago, Illinois, US, on Thursday, Nov. 13, 2025. Christopher Dilts | Bloomberg | Getty Images A new futures market for semiconductors will let traders hedge their artificial intelligence investments with bets on the increasingly expensive price of computing power. Contracts on […]

Read More
Companies start getting tariff refunds after Supreme Court decision
World

Companies start getting tariff refunds after Supreme Court decision

Containers at the Port of Oakland in Oakland, California, US, on Thursday, March 26, 2026. David Paul Morris | Bloomberg | Getty Images Months after the Supreme Court ruled some tariffs were unconstitutional, the first round of tariff refunds has begun flowing in. Oshkosh Corporation CFO Matt Field confirmed to CNBC that the company has […]

Read More