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Elon Musk waves after speaking at a Boring Company community meeting in Bel Air, Los Angeles, California, May 17, 2018.

Lucy Nicholson | Reuters

Elon Musk waves after speaking at a Boring Company community meeting in Bel Air, Los Angeles, California, May 17, 2018.

Elon Musk said on Thursday that an underground tunnel developed by his privately held The Boring Company will open on Dec. 18 — an eight-day delay from the initial date.

The billionaire entrepreneur also claimed the postponed date will be “more than a tunnel opening,” pointing to “modded but fully road legal autonomous transport cars.”

The tunnel, in the southern suburb of Hawthorne in the Los Angeles area, was initially slated to open on Dec. 10 with free rides for the public scheduled the next day. The high-speed transit tunnel can whisk vehicles from place to place at up to 150 miles per hour.

Boring, in a separate Twitter post, said the company needs “another few days to finish the snail habitat” and will provide details soon.

— Reuters contributed to this report.



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Shale growth may force OPEC into another production cut in April, Citi says

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Oil prices have plunged nearly 30 percent since reaching year highs of more than $86 per barrel in early October over concerns of global oversupply and weakening demand. The U.S.-China trade war, political turmoil across European markets and fears of impending slowdown in global economic growth have also seriously clouded the demand outlook.

And the EIA has upgraded its supply growth outlook for American crude. U.S. domestic oil production is now expected to increase by 1.18 million bpd next year, up slightly from November’s estimate of 1.16 million bpd, with output averaging 12.06 million bpd, according to PVM Oil Associates.

“This impending flood of fresh U.S. crude supply will cement its newfound position as the world’s top oil producer,” the oil consultancy said Wednesday.

The Saudis have worked to enlist the support of Russia in their market-shaping endeavors. But while Moscow prefers a lower oil price to Riyadh, the two will have to join forces to deal with the eagle, Morse said.

“The American eagle is just soaring,” he said, “and nobody would’ve predicted that.”

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Macron government to face no-confidence vote following French protests

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Yellow vest (gilets jaunes) protestors take notes as thet watch French President Emmanuel Macron's speech on TV on December 10, 2018 at a restaurant with French deputy Richard Damos, in Fay-au-Loges, near Orleans, Center France. 

Guillaume Souvant | AFP | Getty Images

Yellow vest (gilets jaunes) protestors take notes as thet watch French President Emmanuel Macron’s speech on TV on December 10, 2018 at a restaurant with French deputy Richard Damos, in Fay-au-Loges, near Orleans, Center France. 

Left-of-center lawmakers in France have tabled a motion of no confidence in the French government following repeated protests and scenes of violence.

The “gilets jaunes” (“yellow vests”) crisis started as a demonstration against a carbon tax policy and planned fuel tax increases, but have morphed into wider discontent at the leadership of President Emmanuel Macron.

Now representatives from the French Communist Party, the Socialist Party and the far-left populist movement France Unbowed (La France Insoumise) have come together to table the motion against Macron’s government.

The government of Georges Pompidou in 1962 was successfully toppled by such a motion but few believe this one will pass as Macron’s centrist La République En Marche! party enjoys a strong majority in the 577-seat house.

“The French political system makes it extremely difficult to remove a President from office,” said the Deputy Director of Research at Teneo Intelligence in a note Wednesday.

“The only political tool available to the opposition to expel Macron is the constitution’s impeachment procedure, which no one is currently considering,” he added.

The motion is expected to be debated at 10:30 a.m. eastern time on Thursday, according to media reports.

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Hertz launches biometric lanes to make car renting faster

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CLEAR, the company behind the technology, also developed Delta Biometrics – the system used by the airline to streamline its airport lounge access.

“By teaming with CLEAR, Hertz gets a partner with an expanding footprint and proven track record to help us innovate the car rental process, improve the customer experience and bring meaningful benefits to busy travellers,” Hertz CEO Kathryn V. Marinello said in a press release Tuesday.

CLEAR’s CEO Caryn Seidman-Becker added: “You are you, and we’re creating a future in which your fingerprints, eyes and face are your best and most secure ID.”

The fast lanes are available for use by Hertz Gold Plus Rewards program members, as well as CLEAR members who opt to upgrade.

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