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MARKET MOVERS

  • Mercedes beats Tesla in self-driving. Mercedes seems to have won a crucial race against Tesla recently by becoming the first certified Level-3 autonomous car company in the United States. The key to Mercedes' success is Drive Pilot, which is a dance between various technologies including visual cameras, GPS, LiDAR arrays, radar and ultrasound sensors, and audio mics to get the car to safely drive itself.
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  • New home sales at 616,000 annual rate in December; annual sales down 16.4% in 2022. Sales of new single‐family houses in December 2022 were at a seasonally adjusted annual rate of 616,000, according to estimates. This is 2.3 percent above the revised November rate of 602,000, but is 26.6 percent below the December 2021 estimate of 839,000.

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