NASA shuts down Maxar-led OSAM-1 satellite refueling project
A “grapple test” of the OSAM-1 spacecraft’s robotic servicing arm. NASA NASA is shutting down a $2 billion project to test satellite refueling in space, it announced Friday, after the agency’s auditor criticized the program’s lead contractor, Maxar, citing “poor performance.” The space agency said in a statement that the OSAM-1 — On-orbit Servicing, Assembly, […]
Car sales climb 5.4% and offer fresh proof of strong economy
The numbers: Sales of new cars and trucks in the U.S. rose 5.4% in February, rebounding from a slow start at the start of the year and offering fresh evidence of the strength of the economy. Automobile sales increased at an annual rate of 15.8 million last month from 15 million in January, according to […]
Boeing in talks to buy back fuselage maker Spirit Aerosystems
Airplane fuselages bound for Boeing’s 737 Max production facility sit in storage at their top supplier, Spirit AeroSystems Holdings Inc, in Wichita, Kansas, U.S. December 17, 2019. Nick Oxford | Reuters Boeing is in talks to buy back Spirit AeroSystems, which makes fuselages for Boeing’s 737 Max jets, the companies said Friday, as the manufacturers […]
CVS, Walgreens to start selling abortion pill mifepristone this month
A container holding boxes of mifepristone, the first medication in a medical abortion, are prepared for patients at Alamo Women’s Clinic in Carbondale, Illinois, on April 20, 2023. Evelyn Hockstein | Reuters CVS and Walgreens will start selling the abortion pill mifepristone this month at certain pharmacy locations in states where it is legal to […]
No Fed rate cuts in 2024, top Wall Street economist warns investors
How about nothing? Does nothing work for you? Investors came into 2024 looking for six or more quarter percentage point interest rate cuts by the Federal Reserve, but now see only three. They should further revise that all the way down to zero, argued Torsten Slok, the closely followed chief economist at Apollo Global Management, […]
Yum China CEO says consumers are growing more ‘rational’
A KFC restaurant in Wuhan, China. Source: Yum China While economists and investors fret over China’s low consumer confidence and sluggish growth, Yum China CEO Joey Wat says the Chinese consumer is growing more rational — and has been for years. Weighed down by investors’ concern about the broader Chinese economy, shares of Yum […]
China’s grip on rare earth elements is slipping. Investors should take note.
China is the world’s biggest producer and exporter of rare earth elements by a large margin, but it’s grasp on the market is slipping, providing opportunities for investors looking to capitalize on the growth in demand for these “supercritical materials.” If you’re reading this article on a smartphone, chances are that in your hand you […]
Part Two’ hits theaters Friday amid box office drought
Timothee Chalamet stars as Paul Atreides in Denis Villeneuve’s “Dune: Part Two.” Warner Bros. | Legendary Entertainment LOS ANGELES — Movie theater operators are hoping that Warner Bros. and Legendary Entertainment’s “Dune: Part Two,” due out in theaters Friday, will be the much-needed oasis amid a drought of blockbuster content. Since the start of the […]
Medicaid challenges leave many Black Americans uninsured
Recent changes to Medicaid programs, aimed at closing a health coverage gap in the U.S., have left behind some Americans — particularly people of color. Among the non-elderly population in the U.S. — those under age 65 — insured rates rose during the Covid pandemic, with 3.4 million Americans enrolling in health coverage between 2019 […]
Opinion: Look out, Super Micro: Dell is cementing itself as an AI play too
Look out, Super Micro investors, as Dell is starting to cement itself as a major player in artificial intelligence in the computer-server and storage market. On Thursday, Dell Computer Inc. DELL, +1.51% and its quarterly results also overshadowed another rival, Hewlett Packard Enterprise Co. HPE, +2.49%, with bullish comments about AI-related demand that the company […]
