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July 19th - According to NewsNation: US President Trump reiterated that Iran "cannot and should not have nuclear weapons." After Iran announced a suspension of its commitments under the interim agreement, Trump stated that he "doesnt care at all."Iranian Foreign Minister Araqchi and Iraqi Foreign Minister Fuad Hussein held a telephone conversation to discuss the situation in the Middle East and bilateral cooperation.U.S. Commerce Secretary Rutnick: The United States has reached a very good agreement on the Gordi Howe International Bridge (the U.S.-Canada transnational bridge). The United States will receive 50% of the net revenue up to 2041 and will have a say in setting tolls.According to the New York Times, U.S. officials said that Iranian attacks on U.S. military bases in Jordan damaged several U.S. helicopters and injured dozens of U.S. personnel.July 19th - According to the Wall Street Journal, the U.S. labor market remains robust according to most key indicators. However, nearly two million Americans have been unable to find work for at least six months. Data from the U.S. Department of Labor shows that in June, the number of long-term unemployed (unemployed for 27 consecutive weeks or more) accounted for 27.3% of the total unemployed, up 4 percentage points from a year ago. This proportion is close to its highest level since the end of 2021. Because the overall unemployment rate remains low, the size of the long-term unemployed population is not yet sufficient to cause a substantial shock to the economy. However, analysts say its ripple effects are accumulating. Preston Mooy, senior economist at Employ America, said, "We havent seen large-scale layoffs in the past few years, so the number of short-term unemployed has remained relatively stable. But at the same time, hiring activity has seen a fairly significant decline." Even if some long-term unemployed people find new jobs, the weak hiring environment means more people are constantly joining the long-term unemployed group, keeping this number consistently high.

Argo Tests Driverless Vehicles on The Streets of Miami And Austin

Aria Thomas

May 18, 2022 10:01

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Tuesday, self-driving firm Argo AI said that its employees would be transported in driverless vehicles through the streets of Miami, Florida and Austin, Texas, with commercial applications to come at an indeterminate period.


Argo, which is supported by Ford Motor (NYSE:F) Co and Volkswagen AG (OTC:VWAGY), has tested its robotaxis on public roads in both cities for a number of years, although safety drivers have always been present.


"Argo is the first to go driverless in two major American cities, securely operating among high traffic, pedestrians, and bikers in the busiest districts," said Bryan Salesky, chief executive officer of Argo AI.


The startup permits ride-hailing, delivery, and logistics firms to integrate its autonomous vehicles into their operations.


A spokesperson for Argo AI stated that ride-hailing service Lyft Inc (NASDAQ:LYFT) and retail-grocery chain Walmart (NYSE:WMT) Inc were incorporating the technology in trial programs.


"Our driverless operations are initially focused on performing employee rides utilizing our in-house designed ride hailing test software," the spokesperson explained. We will integrate driverless vehicles into commercial operations when the time is right.


Lyft, which sold its own autonomous driving technology company a year ago, joined with Argo AI and Ford in July. By providing routing, customer interface, and fleet management services, the ride-hailing company plans to "get the maximum amount of income" from the robotaxis.


Walmart said in September that it would launch an autonomous car delivery service in Miami, Austin, and Washington, D.C. in partnership with Argo AI and Ford.


Self-driving businesses have frequently delayed timeframes for providing genuinely driverless rides on a large scale, with only a handful of limited fully autonomous programs available in the United States.


Human drivers account for around 80% of the per-mile cost of conventional ride-hailing services. Self-driving businesses must recoup billions of dollars in development expenditures and determine how to efficiently grow, manage, and repair vehicle fleets.

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