Top auto regulator opens special probe after a Tesla slams into a Texas home, killing a 76-year-old
NEW YORK (AP) — The top U.S. auto regulator has opened an investigation after a Tesla using an automated driving feature slammed into a Texas home at high speed and killed a 76-year-old woman standing inside. The National Highway Traffic Safety Administration said Monday it was opening a special investigation into the Tesla Model 3 crash, a significant probe since it involves technology that Elon Musk considers key to Tesla’s future. The Tesla CEO is rolling out robotaxis using automated software in several U.S. cities this year. Tesla did not immediately reply to a request for comment.
Former Federal Reserve Chairman Alan Greenspan dies at 100
WASHINGTON (AP) — Former U.S. Federal Reserve Chair Alan Greenspan has died at the age of 100. He died on Monday from complications of Parkinson’s Disease. That's according to his wife of 29 years, NBC News correspondent Andrea Mitchell. In his 18½ years at the helm of the Fed, Greenspan presided over a sustained era of American growth and prosperity, yet one that ended with devastating consequences in 2008, two years after he had left the central bank. Greenspan was so respected during his many years as head of the world’s most influential central bank that by the time he stepped down in 2006, he was widely celebrated as the “Oracle’’ and “Maestro.’’
Warsh's gamble: A quieter Federal Reserve could mean volatile markets, higher rates
WASHINGTON (AP) — The Federal Reserve has for decades moved steadily from a remote, opaque government agency that shared little about what it did or why to a more transparent institution willing to explain how it makes decisions and what it thinks about the economy. New chair Kevin Warsh has begun to reverse some of those steps because he believes that by signaling its intentions the Fed pigeonholes itself into a position on interest rates. Yet such an approach carries the risk of more violent swings in stock and bond prices, analysts say, and ultimately higher interest rates for consumers and businesses.
Senate passes a bipartisan housing bill aimed at increasing supply and lowering prices
WASHINGTON (AP) — The Senate has passed a bipartisan housing bill that aims to bring down home prices and increase supply. The 85-5 vote on the bill Monday represents one of the most sweeping efforts in recent decades to reduce federal regulations for housing and expand local control. The legislation bans corporate investors from buying single-family homes but doesn’t include a provision that would have required investors to sell newly constructed homes within seven years. The House is expected to give the bill final approval later this week and send it to President Donald Trump, who has signaled his support.
$75 caviar-topped tots. A day's pay worth of beer. Here's the World Cup menu — and prices
MIAMI GARDENS, Fla. (AP) — World Cup tickets, flights and hotel rooms are expensive. Then there’s the price of beer. And what about $75 caviar-topped tater tots or $40 empanadas weighing 5 pounds? Prices aren’t all that different from what U.S. fans would experience on NFL Sundays or college football Saturdays. But some international fans aren’t used to such pricing and are calling foul, especially over beer prices that top $20 in some cases. Europeans are used to paying a third of those prices. Offerings also vary wildly from venue to venue and reflect local traditions.
Starmer says he'll resign as UK prime minister, roiling British politics yet again
LONDON (AP) — British Prime Minister Keir Starmer has announced his resignation, forced out by his party after losing voter support. He will remain as caretaker until Labour chooses a new leader. Former Manchester Mayor Andy Burnham confirmed on social media that he will put himself forward to succeed Starmer. Burnham's recent victory in a special parliamentary election prompted Starmer's decision. He has struggled with economic promises and faced criticism for appointing scandal-linked figures. Despite domestic challenges, Starmer gained international praise for supporting Ukraine. U.S. President Donald Trump criticized his handling of immigration and energy policy. Starmer's resignation comes as Britain marks the 10th anniversary of its Brexit vote.
Asian shares are trading mixed amid caution about the war in Iran
TOKYO (AP) — Asian shares are mixed in subdued trading as recent enthusiasm cools and markets face uncertainty about efforts to end the war in Iran. Benchmarks rose in early Tuesday trading in Tokyo and Shanghai, while falling in Seoul and Hong Kong and being little changed in Sydney. U.S. stocks drifted through a mixed day of trading after oil prices eased and falling Big Tech stocks weighed on Wall Street. The S&P 500 slipped 0.4% Monday and pulled 1.8% below its all-time high set early this month. The Dow Jones Industrial Average added 0.3%, and the Nasdaq composite slumped 1.3%. Oil prices rose in Asian trading.
Mexico's president seeks to restart oil shipments to Cuba as island's crises deepen
MEXICO CITY (AP) — Mexican President Claudia Sheinbaum says her country seeks to restart oil shipments to Cuba soon, a move that could provide much needed relief as the island’s crises deepen given a lack of petroleum. Sheinbaum said Monday that her administration would seek to send the oil via commercial and privately owned firms instead of state-owned companies as was customary. Mexico became a key fuel supplier to Cuba after the U.S. attacked Venezuela in early January and halted critical oil shipments. But those shipments, which had already been reduced, were completely suspended after U.S. President Donald Trump threatened tariffs on any country that provides or sells oil.
What to know about a cold storage warehouse fire in Los Angeles
Firefighters are still battling a blaze at a massive frozen-food storage facility near downtown Los Angeles six days after the fire started. Smoke is pouring from the warehouse, which is heavily insulated and whose roof is covered in solar panels. The fire started Wednesday, possibly linked to work on solar panels. Fires in cold storage facilities can burn for weeks because of their construction. Air quality warnings remain in effect, and residents are concerned about the materials burning inside. Officials warned residents in Boyle Heights to stay indoors or wear masks due to smoke pollution.
What to know about the legacy of Brexit, which still divides Britain 10 years on
LONDON (AP) — U.K. voters chose to leave the European Union in a referendum that 10 years on still forges political identities. It was a vote that shattered a half-century project to get closer to the continent. Brexit, short for British exit, became a reality on June 23, 2016, when 52% — or more than 17 million people — voted to leave the bloc. Though the margin may have been narrow, the vote led to the most dramatic shake-up of the U.K. economy and society since World War II. But like any divorce, the paperwork and process of completing the breakup was not swift: It took nearly five years.
