Uber partners with Daimler on self-driving cars

Uber Technologies Inc. announced a partnership with German automaker Daimler Tuesday in which Daimler will manufacture self-driving cars for the company. Daimler will operate the self-driving cars under Uber’s network. In a blog post, Travis Kalanick, chief executive of Uber, confirmed that the company will be not building its own self-driving cars and instead will partner with automakers. “Auto manufacturers like Daimler are crucial to our strategy because Uber has no experience making cars-and in fact, making cars is really hard,” Kalanick wrote. Uber recently launched a self-driving car pilot in Pittsburgh, using Ford and Volvo vehicles, and a halted pilot in San Francisco, using Volvos.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Uber partners with Mercedes-Benz parent Daimler on self-driving cars

Uber Technologies Inc. announced a partnership with German automaker Daimler Tuesday in which Daimler will manufacture self-driving cars for the company. Daimler, which car brands include Mercedes-Benz, will operate the self-driving cars under Uber’s network. In a blog post, Travis Kalanick, chief executive of Uber, confirmed that the company will be not building its own self-driving cars and instead will partner with automakers. “Auto manufacturers like Daimler are crucial to our strategy because Uber has no experience making cars-and in fact, making cars is really hard,” Kalanick wrote. Uber recently launched a self-driving car pilot in Pittsburgh, using Ford and Volvo vehicles, and a halted pilot in San Francisco, using Volvos.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Is It Time to Upgrade Your Technology?

By Mary Girsch-Bock

If your property management business is currently using the latest and greatest technology, congratulations! But for those of you still using technology from years ago, it’s time to start to take advantage of the benefits that today’s technology can bring to your business, and to your applicants and tenants. If you’re not sure where to start, here’s a quick list of items you may want to investigate in your quest to bring your property management business into 2017.

Online photos and virtual tours. Remember years ago when searching for a home, you were presented with a photo of the outside of the home. If you wanted to see more, you contacted an agent, who took you on a tour. Those days are long gone, but sadly, some property management companies continue to offer potential tenants a very brief glimpse of an available property, and nothing more. Savvy property management businesses know that viewing apartments and homes online is vital to their business. The more information you can offer applicants online, the higher likelihood that they will fill out an application, which brings us to my next suggestion…

Online rental applications. You have a great inventory of photos and virtual tours that potential tenants can access at any time. A website visitor finds a property that he or she absolutely loves. The next logical step would be to fill out an application – preferably an online application. One of the biggest advantages of offering online applications is the ability to channel the excitement that web visitors may experience when looking at your available properties. Do you really want them to have to stop and request an application, or worse, come into your office to complete the application? Chances are they will simply move on to another property that does offer that capability.

Online rent payment capability. Let’s face it , why wouldn’t you want a system in place that makes it easier for your tenants to pay their rent – and pay it on time. Today, checks have been widely replaced by online payment systems. Don’t force your tenants to write a check, and certainly, don’t force them to have to write a check and mail it! Make it easier on them, and on your property management business, and make online rental payment a reality in 2017.

Make your property management business technologically savvy in 2017 by investing in these tech benefits that will reduce paperwork and make your tenants happy.

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From:: Property Management

ACLU to join startup accelerator Y Combinator

The American Civil Liberties Union will be a part of startup accelerator Y Combinator, the accelerator announced Tuesday. The ACLU will be a nonprofit in the winter group of the accelerator, which means it will receive funding from Y Combinator, as well as access to mentors and the startup network. Non-profits in the program receive a total of $100,000 from Y Combinator and from apparel company Teespring. The ACLU raised $24 million over the weekend, an all-time record for the organization, after taking a stand against Trump’s immigration policy. It has vowed to stand up to policies set by Trump’s administration that it deems discriminatory or “unconstitutional.” “The ACLU has always been important, but has a particularly important role now,” Sam Altman, president of Y Combinator, wrote.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Macy’s downgraded on concerns about long-term sales pressure

Macy’s Inc. shares are down 1.7% in Tuesday trading after the retailer was downgraded to neutral from buy at Buckingham Research Group on concerns that the sales pressure the retailer is under won’t be relieved anytime soon. Buckingham Research analysts cite a number of challenges facing the company in a Tuesday note, including competition from both online and off-price competition, tourist traffic declines, and limits to expense reduction. While the company does have valuable real estate holdings, the timing on any transactions and gains are unclear. “Moreover, given the acceleration in store closings across the sector, we are concerned that valuations outside of the flagships could come under pressure as Macy’s pursues more transactions,” analysts said. Macy’s shares are down 28.2% for the past year while the S&P 500 index is up 17% for the same period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Senate Democrats blocking votes on Trump cabinet picks Mnuchin, Price

WASHINGTON (MarketWatch) — Senate Democrats on Tuesday boycotted a scheduled vote in the Senate Finance Committee on Steven Mnuchin, President Donald Trump’s pick to be treasury secretary, and Rep. Tom Price to be health secretary. Sen. Orrin Hatch, the Republican chairman of the Finance Committee, said he was nonplussed by the Democratic boycott. The committee needs at least one Democrat in order to proceed, he said. “We’ll just keep trying to get them to come and do their jobs. I’m very disappointed in this type of crap,” Hatch said. He said he fully intended continue to push for a vote.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Step one: MBA reveals plans for GSE reform

Talks around reforming Fannie Mae and Freddie Mac are only growing stronger as the nation transitions to a Republican administration. As the association representing the housing finance industry, the Mortgage Bankers Association released its initial plans for its recommended approach for GSE reform. The team behind the plans is made up of some of the top lenders in the industry. …read more

From:: Real Estate Wire

Step one: MBA reveals plans to reform Fannie Mae and Freddie Mac

Talks around reforming Fannie Mae and Freddie Mac are only growing stronger as the nation transitions to a Republican administration. As the association representing the housing finance industry, the Mortgage Bankers Association released its initial plans for its recommended approach for GSE reform. The team behind the plans is made up of some of the top lenders in the industry. …read more

From:: Real Estate Wire