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- PoliticsYahoo Finance Video
Election 2024: Will Republicans win the Senate majority?
With Election Day nearing all eyes have been focused on whether or not the next president will be Vice President Kamala Harris or former President Donald Trump. But what does Election Day mean for Congress? On the latest episode of Capitol Gains, Yahoo Finance's Rachelle Akuffo, Washington Correspondent Ben Werschkul, and Senior Columnist Rick Newman are joined by Kyle Kondik, Sabato’s Crystal Ball Managing Editor at the University of Virginia Center for Politics to discuss the future of the House and Senate following the 2024 election. Kondik believes the most likely outcome will be that the Republican Party wins the Senate and the House will follow suit of whichever candidate wins the presidency. Aside from the presidency, and while all branches of government are important, both parties are really vying for victory in the Senate. “Of the two chambers you’d rather have the Senate, particularly for the presidential party,” Kondik says. “You’re trying to get justices confirmed, you’re trying to get cabinet officials confirmed. You can imagine there being some real gridlock there if it’s a Republican Senate and Harris is president.” To find out more, listen to the full episode of Capitol Gains here. For more expert insight and the latest market action, click here to watch more Capitol Gains. This post was written by Lauren Pokedoff.
- BusinessYahoo Finance Video
Denver tops list of 5 hottest labor markets
ADP's private payroll report exceeded economist expectations for September, showing 143,000 jobs added in the private sector versus the estimated 125,000. ADP Chief Economist Nela Richardson joins Wealth! to analyze ADP's list of the nation's five hottest labor markets. Richardson emphasizes that job markets are "localized" and vary significantly by city. Based on metrics including new hire wages, pay growth, and hiring rates, Denver, Colorado, emerged as the hottest labor market, boasting "the fastest growth rate." The other top markets include: Oklahoma City, Oklahoma Portland, Oregon Las Vegas, Nevada Seattle, Washington For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
- BusinessYahoo Finance Video
Tesla, Google, Amazon: Inside the robotaxi market
The launch of Tesla’s (TSLA) robotaxi marks one of the most consequential in the company’s history - if only, because Elon Musk has hailed this as the future for nearly a decade. For eight years, Musk has teased the vision of a shared fleet of fully-autonomous Teslas, with the promise of that technology contributing significantly to the company’s valuation. The long-anticipated launch comes amid increased scrutiny about the promise of self-driving technology. While Google’s Waymo has logged more than 22 million rider miles with few incidents in select cities, accidents involving GM’s Cruise and Tesla’s autopilot technology have raised questions about the technology’s ability to scale safely. Amazon’s Zoox is providing a potential template for the future, building vehicles for the sole purpose of ferrying passengers autonomously, without the traditional controls like a steering wheel and pedals. The company says that their new technology will ensure cost efficiency and safety. Founder Jesse Levinson said that Zoox’s robotaxi is fundamentally different from Tesla’s driver assistance system, as Tesla vehicles require drivers to be ready to take control at any moment. While Zoox doesn’t rely on human drivers for assistance, the company does use remote operators to guide the vehicle in rare situations. “The vehicles are only getting help from humans only 1% of the time,” Levinson said. “As it gets more sophisticated, the amount of time they’re asking for help goes down.” Still, critics question the economics and safety of self-driving taxis, noting that current autonomous rides are more expensive than car ownership, despite being cheaper than traditional rides. While Tesla investors are optimistic about robotaxis, experts believe substantial revenue is still years away.
