On Friday, it was announced that Virgin Galactic’s existing operator license for space transportation had been updated by the FAA to include passengers. This move will allow the company to push forward with its space tourism ambitions. Let’s look at the progress it has made so far. A first of its kind: government approval granted […]
Chinese regulators said on Saturday Tesla would ‘recall’ nearly 300,000 China-made and imported Model 3 and Model Y cars for an online software update related to assisted driving, with owners not required to return their vehicles. The State Administration for Market Regulation said on its website that the move is linked to an assisted driving […]
Volkswagen plans to stop selling combustion engines in Europe by 2035, a board member told German newspaper Muenchner Merkur (via Reuters). Klaus Zellmer, Volkswagen’s board member for sales, told the newspaper that the company would “exit the business with internal combustion engine cars in Europe between 2033 and 2035.” But, he added, it would take […]
CRISPR gene editing already promises to fight diseases that were once thought unassailable, but techniques so far have required injecting the tools directly into affected cells. That’s not very practical for some conditions. However, there’s just been a breakthrough. NPR reports that researchers have published results showing that you can inject CRISPR-Cas9 into the bloodstream […]
Under normal circumstances, the recent spate of high inflation numbers would be cause for high alarm. But in the present Covid-era context, they were confirmation in some quarters that the inflation picture is doing little more than following the script, rising due to one-off bottlenecks and the product of a distorted comparison to a year-ago […]
Millions of Americans received stimulus checks in the past year, but Salvadoreans will be soon be receiving one paid in Bitcoin. The Central American country will give U.S. $30 worth of Bitcoin to each adult citizen that downloads and registers on the country’s new cryptocurrency app, Chivo, President Nayib Bukele said during a televised speech […]
People were already worried about equities six months ago. Now, after the S&P 500 Index defied everything from nosebleed valuations to inflation to post one of the best first halves ever, they’re downright paranoid. Wall Street strategists, never ones to restrain their enthusiasm when it’s warranted, warn that the gains have played out. Short sellers […]
After torching Wall Street Q4 estimates with healthy beats on revenue, adjusted EPS, gross margin, and North American sales, sportswear giant Nike (NKE) is looking beyond full-year guidance by providing an outlook through FY2025. “Nike sets the pace through a continuous flow of new innovation, the world’s greatest roster of athletes and compelling experiences for […]
A key inflation indicator that the Federal Reserve uses to set policy rose 3.4% in May from a year ago, the fastest increase since the early 1990s, the Commerce Department reported Friday. Though the gain was the biggest since April 1992, it met the Dow Jones estimate and markets reacted little to the news. The […]
What happened Ad tech stocks were soaring today on news that Alphabet‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Chrome web browser would delay until 2023 the removal of third-party cookies that help advertisers track internet users. The original decision to remove cookies, which Google had been building toward since 2019, was seen as a negative for ad tech platforms as it would […]
U.S. stock futures rose in overnight trading on Thursday after the S&P 500 closed at a record. Dow futures rose about 100 points. S&P 500 futures gained 0.1%, and Nasdaq 100 futures were flat. Nike’s stock rose nearly 5% in extended trading after the company reported earnings of 93 cents per share, outpacing a Refinitiv […]
WASHINGTON – A period of high inflation in the United States may last longer than anticipated, two U.S. Federal Reserve officials said on Wednesday, prompting one to pull forward his views on when the central bank should start raising interest rates. Atlanta Fed President Raphael Bostic said with growth surging to an estimated 7% this […]
