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By Hyunjoo Jin SAN FRANCISCO (Reuters) – A Tesla Model S car was in “Full Self-Driving” mode when it hit and killed a 28-year-old motorcyclist in the Seattle area in April, police said, making it at least the second accident involving the technology on which Tesla CEO Elon Musk is pinning his hopes. The 56-year-old driver was arrested on suspicion of vehicular homicide based on his admission that he was looking at his cell phone … Read more…

(Reuters) – Walt Disney plans to eliminate some jobs in its TV unit to cut costs in an eroding business, Bloomberg News reported on Wednesday, citing people familiar with the matter. The Mouse House will cut about 140 positions, around 2% of staff at Disney Entertainment Television and about 13% of jobs at NatGeo, which is among the worst hit units, the report added. The company’s shares were up about 1% in afternoon trading. Walt … Read more…

By Sinéad Carew NEW YORK (Reuters) – MSCI’S global equities index added to gains on Wednesday and the dollar slightly pared losses after the U.S. Federal Reserve held interest rates steady but opened the door to reducing borrowing costs as soon as September. Treasury yields pared losses after a Fed statement in line with market expectations. The central bank noted further progress towards its 2% inflation objective and said the economy “continued to expand at … Read more…

By Tom Westbrook and Amanda Cooper SINGAPORE/LONDON (Reuters) – World stocks were mixed in choppy trading on Monday as investors were jittery ahead of major corporate earnings reports and central bank moves, and concern over the global economic outlook dented commodities and oil prices touched early June lows. Global crude benchmark futures fell 1.4% as worry over Chinese energy demand outweighed any concern about tensions in the Middle East or Venezuela. [O/R] Copper and iron … Read more…

WASHINGTON (Reuters) – Democratic presidential candidate Kamala Harris launched a $50 million advertising blitz on Tuesday, capitalizing on the momentum of a fledgling campaign against Republican rival Donald Trump with a one-minute spot titled “Fearless.” It was Harris’ first big ad buy since consolidating support for the Democratic nomination after President Joe Biden dropped out of the race on July 21 and endorsed her. In addition to garnering the backing of big-money donors, Harris has … Read more…

By Niket Nishant (Reuters) – Shares of New York-listed crypto firms fell on Monday as bitcoin dipped after breaching the $70,000-mark for the first time since mid-June. The sell-off erased gains from earlier in the session, when optimism fueled by Republican presidential candidate Donald Trump’s pro-crypto speech lifted stocks. The volatile cryptocurrency has often seen pullbacks after reaching key milestones as investors book profits. The industry, however, cheered Trump’s promise of friendlier regulation. “Any ‘Trump … Read more…