The Atlas V topped by Boeing’s Starliner waits ready on the launch pad. After lengthy delays that saw Starliner lapped repeatedly by NASA’s other private crewed transport, SpaceX’s Dragon, the spacecraft is slated to make its inaugural crewed flight at 12:25 p.m. Saturday from Cape Canaveral Space Force Station’s Launch Complex 41. Onboard: two astronauts […]
FedEx will retire nine MD-11 freighters (pictured) by the end of the fiscal year on Friday. (Photo: Jim Allen/FreightWaves) FedEx will accelerate its transformation toward a leaner enterprise in the second half of the year when it ramps up segmentation of its air assets and sheds daytime flying capacity tied to an expiring U.S. Postal […]
NEW YORK (AP) — Prosecutors and defense lawyers in Donald Trump’s hush money trial are set to deliver closing arguments to the jury Tuesday, each side looking to score final points with the panel before it starts deliberating the fate of the first former American president to be charged with felony crimes. The arguments, expected […]
Apple announced the iPhone 15 at its ‘Wonderlust’ event earlier in SeptemberGetty Images Apple’s upcoming WWDC on June 10 represents its “most important event in a decade,” according to Wedbush analyst Dan Ives. Ives expects the company to unveil a host of AI features that will help power an iPhone 16 supercycle. Ives increased his […]
The persistent bullishness in oil prices is fostering increased exploration and production endeavors. It is anticipated that upstream companies will broaden their activities in the prolific shale resources, resulting in a surge in the deployment of drilling rigs. With the escalation in drilling operations, production is poised to rise in domestic resources such as the […]
Cindy Ord/Getty Images A global labor shortage of about 80 million workers will make tech stocks go parabolic, according to Fundstrat’s Tom Lee. Lee argued on Wednesday that the technology sector will eventually make up 50% of the S&P 500. “I think AI is really addressing a global labor shortage of roughly 80 million workers […]
BOISE, Idaho (AP) — Idaho Democrats will caucus across the state Thursday to select their nominee for the White House, giving President Joe Biden more delegates after he already clinched his party’s 2024 nomination. Caucusgoers also will elect delegates pledged to the nominee for the state convention, which will be held on June 22. The […]
WASHINGTON (AP) — As president, Donald Trump imposed a 25% tariff on foreign steel, which hurt Clips & Clamps Industries, a Michigan auto supplier — raising its materials prices, making it harder to compete with overseas rivals and costing it several contracts. Jeff Aznavorian, the company president, thought he might enjoy some relief once Joe […]
(Bloomberg) — Big US bond investors have been aggressively shifting money into long-dated notes, betting that the unloved asset class will be one of the winners from eventual interest rate cuts. Most Read from Bloomberg The largest 20 mutual fund managers in the US have increased duration over the past two months as yields climbed, […]
Chubb (CB) stock surged early Thursday, signaling a possible move above an official buy point after Warren Buffett’s Berkshire Hathaway (BRKB) revealed Wednesday it had built a $6.7 billion position in the insurance giant, according to regulatory filings. X Buffett bought around 26 million shares of Chubb worth $6.7 billion, the 13F filing submitted on […]
DULUTH — Outdoor adventurers will soon have a new western hub in the city, with housing and shops for gear and provisions surrounded by miles of trails. RiverWest Duluth is more than a dozen years in the making and sits on 27 acres between the St. Louis River and Spirit Mountain, a rare swath of […]
CROTON-ON-HUDSON ‒ The village is mulling plans to sell an overflow parking lot by the Croton-Harmon train station to a developer who has proposed building a multifamily affordable housing project. Owned by the village since the 1960s, the 1.2-acre property, known as Village Parking Lot A, is located at the intersection of Croton Point Avenue […]