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Investors got some good news this week on the state of the labor market, and more may be on the way Friday on inflation.
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 Topic: RobocarsTags: forbes
Waymo says they failed because they ran out of humans to help cars out of a jam. Why didn't simulation tell them in advance how many humans they would need?
Read more at Forbes.com in Waymo Did Badly In A Big Power Outage. Where Was The Simulator?
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 Topic: RobocarsTags: forbes
There are many clues that Tesla is using lots of remote monitoring and supervision, and possibly even remote driving, for their early tests. Optimus still does that.
Read more at Forbes.com in Tesla Deploys Robotaxis With Nobody In Them. Are They Unsupervised?
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Wednesday's selling carried into Thursday as investors continued to take a risk-off approach to markets following the Federal Reserve's latest policy announcement.
The central bank issued its third jumbo-sized rate increase yesterday and set expectations that it will continue to hike rates over its next few meetings. However, the Fed is not alone in its aggressive stance. Several global central banks have increased their benchmark rates this week in an ongoing effort to tame inflation, including the Bank of England and Switzerland's National Bank, which earlier today issued 50 basis point and 75 basis point rate hikes, respectively. (A basis point is one one-hundredth of a percentage point.)
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"Global equities are struggling as the world anticipates surging rates will trigger a much sooner and possibly severe global recession," says Edward Moya, senior market strategist at currency data provider OANDA. "Most of these rate hikes around the world are not done yet which means the race to restrictive territory won't be over until closer to the end of the year."
The reaction here at home was a selloff in bond prices, which sent yields on government notes spiking. The 10-year Treasury yield surged 19.2 basis points to 3.704% - its highest level since early 2011 - while the 2-year Treasury yield spiked 12.1 basis points to 4.116%, its loftiest perch since late 2007.
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As for stocks, the tech-heavy Nasdaq Composite
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