Waymo to Update Software Across Fleet After Major Power Failure

Alphabet Inc.’s Waymo said it would strengthen its automated software to better handle power outages after its self-driving taxis froze and caused traffic jams during a major electricity failure last weekend in San Francisco. The Waymo Driver system is programmed to...

US Consumer Confidence Drops for Fifth Straight Month

US consumer confidence declined in December for a fifth consecutive month on more pessimistic views of the labor market and business conditions. The Conference Board’s gauge decreased to 89.1 from 92.9 last month, data out Tuesday showed. The falling streak is now...

Waymos Froze, Blocked Traffic During San Francisco Power Outage

Waymo’s driverless ride services were a high-profile victim of a power outage that affected large swaths of San Francisco, with cars freezing mid-ride across the city and disrupting traffic. After traffic lights went dark at major intersections Saturday, social media...

Nike Sinks After China Sales Plunge, Delaying Turnaround Effort

Nike Inc. shares fell after the company warned that sales will decline this quarter amid persistent weakness in China and at its Converse brand. The world’s largest sportswear company expects revenue to be down in the low-single digits in the three months that started...