“Tesla Shocking Flaw Exposed! 2 Million Cars at Risk | Turkish Football Drama, Pfizer’s Profit Plunge, and More!”
Tesla is required to address a flaw in 2 million cars that could potentially enable drivers to divert their attention from the road while the vehicle is in self-steering mode. This follows an investigation by the US safety regulator into Tesla’s technology following a series of fatal accidents.
READ: Jeep’s Electrifying Lineup: Unveiling the Electric Jeep Wrangler and the Gladiator 4Xe PHEV
Tesla
In other news, Turkish football is set to resume on December 19 after a suspension triggered by the president of an Ankara club physically assaulting a referee during a Süper Lig match. The Turkish Football Federation’s decision comes after the incident involving Faruk Koca, president of Ankaragücü club, who, along with two others, was arrested. The suspension had caused a significant impact on the football industry in Turkey, which generates over $500 million in annual revenue.
Meanwhile, US mortgage rates have hit a five-month low, dropping to 7.07% for the 30-year fixed-rate mortgage during the week ending December 8. This decline is seen as an indication of a cooling economy as Federal Reserve officials prepare for their upcoming interest rate decision. Despite the economic slowdown, the Fed is expected to maintain interest rates at the current level.
Pfizer shares experienced a decline after the company forecasted weaker-than-expected revenues for 2024. The US drugmaker anticipates revenues between $58.5 billion and $61.5 billion, below the consensus estimate of $63.17 billion. Pfizer is navigating a future without blockbuster Covid-19 products and announced an increase of $500 million in its cost-cutting program.
Lastly, US futures edged higher as investors anticipated the Federal Reserve’s decision to keep interest rates unchanged. The S&P 500 and Nasdaq 100 contracts rose slightly, and the dollar gained 0.1% against a basket of currencies. Additionally, the German government reached a last-minute budget deal, averting a financial shutdown in January and addressing a €17 billion deficit caused by a court ruling that declared funding for a special climate fund in violation of Germany’s debt-brake rules.
