US stocks open slightly lower … Autonomous vehicles are not ready for mass use yet … Poll: financial security varies by age, income
NEW YORK (AP) – Stocks are opening slightly lower on Wall Street today amid speculation over the next step in the U.S. trade dispute with China. Consumer staples and financials are up while energy and utilities stocks are leading the decline. At 10:39 a.m. Eastern Time, the S&P 500 is down less than almost 2 points, at 2,705. The Dow is down 62 points, at 25,002. And the Nasdaq is up 44 points, , to 7,307.
PITTSBURGH (AP) -Autonomous vehicles won’t be coming to your city anytime soon. Even the most optimistic of experts say it will be 10 years before the cars are everywhere, but others believe it will take decades. The biggest reasons are camera and laser sensors that can’t see through heavy snow or figure out where to go if lane lines are covered. The fatal crash in Arizona involving an Uber autonomous vehicle in March slowed progress, largely because it hurt the public’s perception of the safety of vehicles.
WASHINGTON (AP) – Just how financially secure you feel depends on your age, your race, your education and – perhaps not surprisingly – your income. A new survey by The Associated Press-NORC Center for Public Affairs Research finds that college graduates feel far more confident than high school graduates that they could afford an emergency $1,000 expense. People 18 to 29 are more optimistic about finding a good job than those in their 60s are. But Americans in their 60s are more confident than adults under 30 are about affording credit card and other expenses.
MCLEAN, Va. (AP) – The publisher of USA Today and other papers is rejecting a $1.36 billion buyout offer from MNG Enterprises, a hedge-fund backed media group with a history of taking over struggling newspapers and slashing jobs. Gannett says its board determined the bid undervalued the company and isn’t in the best interests of the company or its shareholders.
DENVER (AP) – Janus Henderson Investors says that “Bond King” William H. Gross is retiring to concentrate on his personal assets and private charitable foundation. The 74-year-old Gross will retire on March 1. Gross founded the investment firm Pimco in 1971 and helped build it into one of the world’s biggest asset managers before leaving for Janus in 2014. When Gross left Pimco his fund was the biggest bond fund in the world, valued at $222 billion.