Cheaper and better robots will replace humans in the world’s factories at a faster pace over the next decade, driving down labour costs by 16%, a report has said.

Cheaper and better robots will replace humans in the world’s factories at a faster pace over the next decade, a report has said.

The US stock market advanced for a fourth straight day, pushing the Standard & Poor’s 500 index to a record high.

Another quiet day, another quiet record on Wall Street.

Gripped by fear of a new recession, the US stock market suffered its worst day since the financial crisis in the fall of 2008.