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Tag: correction

Correction: Walmart-Automated Delivery story

Technology
In a story November 10, 2020, about Walmart joining with GM's Cruise automated vehicle unit to test package delivery, The Associated Press erroneously reported that Cruise would use Chevrolet Volt vehiclesByThe Associated PressNovember 12, 2020, 2:31 PM• 2 min readDETROIT -- In a story November 10, 2020, about Walmart joining with GM’s Cruise automated vehicle unit to test package delivery, The Associated Press erroneously reported that Cruise would use Chevrolet Volt vehicles. The company will use Chevrolet Bolt electric vehicles in the test.——————————Walmart is teaming up with the General Motors’ autonomous vehicle unit to test driverless delivery in Arizona.The companies say battery powered Chevrolet Bolt vehicles will begin deliveries in Scottsdale early next year. At first they’ll hav...
Correction: Europe-Space story

Correction: Europe-Space story

Technology
Correction: Europe-Space storyByThe Associated PressNovember 29, 2019, 4:58 PM3 min read In a story Nov. 28 about the European Space Agency, The Associated Press provided an incorrect U.S. dollar conversion for the 12.5 billion euros pledged by the agency’s member countries for its three-year budget period. That is about $ 13.7 billion, not $ 13.7 million. A corrected version of the story is below: The 22 member states of the European Space agency pledged Thursday to boost their funding to support more missions and research projects, including a new generation of satellites to monitor climate change. The agency’s director-general, Jan Woerner, said at the conclusion two-day ministerial meeting in Seville, Spain, that member states pledged a record three-year budget of 12.5 billion euros ($...
Don’t fear a 10% correction — embrace it, market bull Jack Ablin says

Don’t fear a 10% correction — embrace it, market bull Jack Ablin says

Finance
Even if the May pullback lingers until summer, Cresset Capital's Jack Ablin plans to embrace it.He believes market and economic fundamentals are intact, and a U.S.-China trade deal isn't essential to keeping the bull market alive.Ablin cites liquidity —the ability and desire to borrow, spend and invest money — as a critical driver for more record upside. "As long as lenders continue to want to extend credit and spreads are low and lending is still reasonable, then I see no reason why we couldn't just get away with say a 10% correction or something – certainly less than the bottom that we saw back at Christmas time," the firm's chief investment officer said Thursday on CNBC's "Futures Now. "Ablin, who oversees $ 4.2 billion in assets under management, predicted a "sloppy" year for stocks o...
Nasdaq enters correction territory in worst day since 2011

Nasdaq enters correction territory in worst day since 2011

Science
Oct. 24 (UPI) -- The Nasdaq composite entered correction territory in another down day for the stock market Wednesday, which also left the Dow Jones Industrial Average and the S&P 500 in the red. The Nasdaq experienced its worst day since Aug. 18, 2011, falling 329 points, or 4.4 percent to 7,108, 10 percent from its Aug. 29 all-time high. The Dow Jones fell 606 points or 2.4 percent to 24,583, while the S&P 500 had its sixth consecutive losing session, dropping 84.59 points or 3.1 percent to 2,656. So far the S&P has fallen 8.9 percent, the Dow has dropped 7.1 percent and the Nasdaq is down 11.7 for the month of October. Wednesday's decline left the S&P and the Dow Jones down 0.7 percent and 0.6 percent for the year respectively. Common trends throughout the year such as regulatory conc...
A trading chart suggests stocks face a heightened risk of a 10-20% correction

A trading chart suggests stocks face a heightened risk of a 10-20% correction

Finance
The market may begin looking different after Labor Day. Even though stocks just completed a banner month, the Economic Cycle Research Institute's Lakshman Achuthan is waving a warning flag. Achuthan believes there's a heightened risk of a sell-off that could wipe out the recent all-time highs. He used a special chart of the S&P 500 over time on CNBC's "Trading Nation" to make his case. "What's unique about this chart is that we've marked off the slowdowns in the economy — the so-called growth rate cycle slowdowns," the institute's co-founder...