Leonid Bershidsky Another Tesla has crashed because the driver thought its self-driving technology could actually drive the car. As we read all the stories about magical technology and then use the hyped-up products, we ought to keep in mind that the “magic” hits the market long before they live up to their promise, which in some cases they will …

  It’s a measure of international investors’ desperation that they are long the Russian ruble and other Russian assets. Even though fears of a major Russian onslaught in Ukraine are likely to prove unfounded, there’s nothing about the Russian economy that can support an asset boom, and it’s only a matter of time before the central bank is compelled to …

  Bloomberg Checkout lines at most American retailers were noticeably shorter in July as sales stalled following one of the strongest quarters in years, indicating consumer spending will cool in the third quarter. The Commerce Department said purchases totaled $457.7 billion last month, little changed from the $457.9 billion in June. That reflected declining receipts at eight of 13 major …