Stocks edge higher ... World economy picking up ... Autonomous vehicles
NEW YORK (AP) — U.S. stocks edged higher in early trading today, led by gains in banks. Energy companies were down the most as crude oil prices headed lower. Bond yields were moving higher a day after sliding to the lowest level since November. Investors were sizing up the latest company earnings and looking ahead to former FBI Director James Comey’s congressional testimony tomorrow as part of the investigation into Russia’s possible election meddling.
PARIS (AP) — A global watchdog says the world economy is picking up speed but faces big political uncertainties and needs to be reformed to make growth work for a broader swath of people. The Organization for Economic Cooperation and Development says in its latest outlook report that world growth should accelerate from 3 percent in 2016 to 3.6 percent in 2018.
DETROIT (AP) — Autonomous vehicles with no human backup will be put to the test on publicly traveled roads as early as next year in what may be the first attempt at unassisted autonomous piloting. Automotive electronics and parts maker Delphi and French transport company Transdev plan to use autonomous taxis and a shuttle van to carry passengers on roadways in France.
WASHINGTON (AP) — The Justice Department will no longer allow big companies and banks to settle cases by donating to outside organizations, ending a little-known practice that had become a rallying cry for some conservatives. Attorney General Jeff Sessions says he is ending the obscure practice that allowed companies to meet some of their settlement burdens by giving money to groups that were neither victims nor parties to the case.
QUINCY, Mass. (AP) — A Massachusetts medical marijuana dispensary has brought new meaning to the term “pot pie” by creating a dish for patients who don’t want to smoke their pot or eat it in the form of sweets. Ermont Inc. has been selling cannabis-infused pizza for about three weeks to rave reviews. The 6-inch cheese pizzas sell for $38 apiece. Only people with state-issued medical marijuana ID cards are eligible to buy the pies.