Saudi Aramco is the biggest company in the world measured by market capitalization, and the Tadawul is the venue for the biggest share sale in history. Think on those two facts. At a valuation of $1.7 trillion, Aramco is well ahead of Apple (the previous largest quoted company) and worth about the same as the […]
Category: Top News
AI Weekly: Amazon plays the long game in health care AI
Today concludes Amazon’s re:Invent 2019 conference in Las Vegas, where the Seattle company’s Amazon Web Services (AWS) division unveiled enhancements heading down its public cloud pipeline. Just Tuesday, Amazon announced the general availability of AWS Outposts, a fully managed service that extends AWS’ infrastructure and services to customer datacenters, co-location spaces, and on-premises facilities. And […]
New dates set for commercial crew test flights
SpaceX will conduct an in-flight abort test of its Crew Dragon spacecraft in early January as the launch of Boeing’s CST-100 Starliner on an uncrewed test flight slips another day, NASA announced Dec. 6. In one statement, NASA said the in-flight abort test for Crew Dragon is currently scheduled for no earlier than Jan. 4. […]
Head and neck injuries due to cellphone use are rising, according to study
A recent study has found an increase in cellphone injuries, including facial cuts, bruises and fractures. The study, published Thursday, found a spike in U.S. emergency room treatment for these mostly minor injuries. The research was led by a facial plastic surgeon whose patients include a woman who broke her nose when she dropped her […]
Why The OPEC+ Pledge Is More Bullish Than It Seems
Saudi Arabia shocked the oil market on Friday, with its energy minister Prince Abdulaziz bin Salman pledging to voluntarily cut even more oil production than its new quota, according to S&P Global Platts. Under the existing oil production quota, Saudi Arabia had agreed to keep production under 10.311 million bpd—a cut of 322,000 bpd. But […]
CNBC’s Cramer says U.S. ‘can walk away from the table’ in China trade talks after jobs report
A hotter-than-expected jobs report for November has Wall Street waxing extremely bullish. How much so? Some market participants are starting to contemplate the notion that stellar employment figures could help embolden U.S. trade negotiators in a protracted tariff dispute between the U.S. and China—possibly resulting in a delay if not outright scuttling of a long-sought-after […]
Tesla updates Cybertruck production timeline after strong pre-orders
Tesla has updated its Cybertruck production timelines for different versions of the electric pickup truck after strong pre-orders for the highest performance versions. When Tesla unveiled the Cybertruck last month, the automaker announced three different versions: Single Motor RWD, Dual Motor AWD, and Tri Motor AWD. At the time, they said that the two less expensive versions, […]
Rocket Lab Launches 7 Satellites, Guides Booster Down toward Earth
Rocket Lab just delivered seven satellites to orbit, and learned a thing or two about bringing boosters back down to Earth for reuse. A two-stage Electron rocket lifted off from the company’s New Zealand launch site today (Dec. 6) at 3:18 a.m. EST (0818 GMT; 9:18 p.m. local New Zealand time), carrying an artificial-meteor spacecraft […]
GM And LG Chem Plan $2.3 Billion Electric Battery Venture In Ohio
General Motors and LG Chemical plan to make battery cells for electric-powered vehicles, unveiling a joint venture that they expect to create more than 1,100 jobs in northeast Ohio. The companies say they’ll invest up to $2.3 billion in the venture. The project is centered around Lordstown, Ohio, where GM shuttered a plant last March […]
U.S. Shale Will Grow Regardless Of Oil Prices
U.S. shale oil production will continue growing even if international prices fall, says Rystad Energy. The Norwegian energy consultancy said in a new report that despite a decline in the number of drilling rigs in the U.S. shale patch since the start of the year, the number of spudded wells has not fallen significantly. What’s […]
No One Knows Why Rocks Are Exploding From Asteroid Bennu
For the last year, NASA’s OSIRIS-REx spacecraft has been circling a large asteroid named Bennu that regularly passes uncomfortably close to Earth. The spacecraft has been painstakingly mapping the asteroid’s rocky surface using a suite of cameras and other instruments that will help it determine where to land next year. Once NASA selects a final […]
United’s Oscar Munoz to step down as CEO, President Scott Kirby will take over
United Airlines announced Thursday that CEO Oscar Munoz will turn over day-to-day management of the airline next spring to President Scott Kirby, who will become company’s chief executive officer. The change happens in May, when Munoz becomes executive chairman, succeeding Jane Garvey, 75, who is retiring from the board. The announcement helped boost United’s premarket […]