Gold held a decline on a stronger dollar and the currency’s outlook, while investors assessed the timeline for the U.S. stimulus package. Former Federal Reserve Chair Janet Yellen is expected to affirm the U.S.’s commitment to market-determined exchange rates when she testifies on Capitol Hill Tuesday, and she will make clear the U.S. doesn’t seek […]
The Trump administration notified Huawei suppliers, including United States-based chipmaker Intel, that it is revoking certain licences to sell to the Chinese company and intends to reject dozens of other applications to supply the telecommunications firm, people familiar with the matter told the Reuters news agency. The action – likely the last against Huawei Technologies […]
Virgin Orbit’s LauncherOne rocket reached orbit on its second flight Jan. 17, demonstrating the performance of the air-launch system after years of development. The company’s Boeing 747 aircraft, called Cosmic Girl, took off from the Mojave Air and Space Port in California at 1:38 p.m. Eastern with the LauncherOne rocket attached. The plane flew out […]
WhatsApp has delayed a privacy policy update that caused confusion and backlash among users over fears it could mean broader data sharing with the messaging app’s owner Facebook. “We’ve heard from so many people how much confusion there is around our recent update. There’s been a lot of misinformation causing concern and we want to […]
Italy forecasts its debt to soar to a new post-war record level of 158.5% of gross domestic output (GDP) this year, surpassing the 155.6% goal it set in September, a government source told Reuters on Saturday. The new estimate reflects the impact of a stimulus package worth 32 billion euros ($39 billion) announced this week, […]
Following a day and a half of difficulties, Signal’s cross-platform messaging service is operational again. Both Signal’s Twitter and status dashboard indicate things are back to normal, and following the influx of literally millions of new users to the service, we can all enjoy more private and secure communications. Reports of problems first began on […]
The National Rifle Association on Friday filed for bankruptcy, a sudden development that could help the gun rights group escape a lawsuit by New York’s attorney general seeking its dissolution. The NRA filed for Chapter 11 protection in federal bankruptcy court in Dallas, and said it plans to reincorporate in Texas to escape “a corrupt […]
The Federal Aviation Administration has approved the nation’s first-ever fully automated commercial drone flights. In documents posted to the FAA website, Massachusetts-based American Robotics Inc. got a partial grant of exemption on Jan. 14 that allows unmanned aircraft to fly beyond the line of sight of a remote pilot. Signed by Flight Standards Service Deputy […]
U.S. retail sales declined further in December as renewed measures to slow the spread of COVID-19 undercut spending at restaurants and reduced traffic to shopping malls, the latest sign the economy lost considerable speed at the end of 2020. Retail sales dropped 0.7% last month, the Commerce Department said on Friday. Data for November was […]
China’s new economic data next week will likely confirm the country as one of the few economies that grew in 2020 despite challenges from the Covid pandemic, said analysts. China will release official data on Monday which includes fourth-quarter gross domestic product — tracked as an indicator of China’s economic health, but which outside experts […]
WhatsApp has dug itself into a hole, thanks to Facebook’s recent announcement about how users of one of the best messaging apps will be required to share their information with the social media platform. Users did not take kindly to that, and since the announcement, swaths of WhatsApp users have left the app and are […]
In October, the FAA took a major stride towards letting increasingly smart drones fly themselves, letting Skydio’s self-flying drones inspect any bridge in North Carolina for four years, as long as humans first verified those bridges were clear. Now, the US airspace regulator is taking an even bigger step: American Robotics says it’s become the […]
