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Musk launches taxi service with no steering wheels

NEW YORK — Elon Musk sent dozens of self-driving Cybercabs without steering wheels or brake pedals onto the streets of Austin, Texas, on Thursday, betting that Americans will overcome their fears of rides with “no control” and hop inside. The rollout of the gold-colored Teslas, which ...

Briefcase: Sheetz offering fuel discounts

Sheetz has announced a series of fuel discounts to help drivers cut their fuel costs as millions of Americans hit the road Labor Day weekend and throughout September. Drivers can save at the pump by taking advantage of the following offers: Now through Tuesday, Sheetz will offer customers 20 cents off per gallon on all fuel grades, excluding high-flow diesel, at its more than 850 locations. To redeem the offer, customers must add it under the OFFERZ tab in the Sheetz app and scan their My Sheetz Rewardz at the pump. Only after accepting the discount on the screen, will the discounted ...

Ticker: Tech stocks lead a rally on Wall Street

Stocks rose on Wall Street as bond yields eased further and a rally in big technology companies helped the market recoup its losses from earlier in the week. The S&P 500 rose 1.1% Thursday, with technology stocks powering much of the gains. The Dow climbed 1.2%, and the Nasdaq composite rose 1.4%. Volkswagen cuts 50,000 more jobs Volkswagen’s board has approved a major cost-cutting plan to counter low-cost competition in China and U.S. tariffs. The plan, presented by CEO Oliver Blume, includes cutting 50,000 jobs, halving the model line, and ending production at four German plants. ...

Chevron will expand operations in Venezuela

Oil giant Chevron confirmed that it will expand operations in Venezuela after President Donald Trump announced an ambitious deal to develop the nation’s oil reserves and give the Pentagon a stake in the profits. Chevron, the only U.S. oil company with a major presence in Venezuela, said ...

Ticker: Ollie’s Bargain Outlet reports Q2 earnings

Ollie’s Bargain Outlet Holdings Inc. on Wednesday reported fiscal second-quarter earnings of $85.5 million. The Harrisburg, Pennsylvania-based company said it had profit of $1.42 per share. The retailer posted revenue of $741.3 million in the period, which missed Street forecasts. Five Below posts Q2 net income of $221.4M Five Below Inc. on Wednesday reported fiscal second-quarter net income of $221.4 million. The Philadelphia-based company said it had profit of $3.99 per share. Earnings, adjusted for pretax gains, came to $1.68 per share. The discount retailer posted revenue of ...

NYC schools address AI in class

New York City’s public schools will temporarily ban elementary and middle school students from using generative artificial intelligence tools during the upcoming school year, Mayor Zohran Mamdani announced Wednesday. The one-year moratorium — part of a broader assessment of how children in the nation’s largest school system interact with the technology — will apply to “all software that uses student-facing generative AI” for students through eighth grade, the mayor’s office said. It described the policy as the most expansive prohibition in the country. At the same time, ...