NASA and Boeing have decided to extend the first crewed flight of the Starliner capsule named “Calypso” at the International Space Station. This extension is primarily to conduct additional testing on the ground to gather more data about the spacecraft’s performance, particularly focusing on its thruster system. The initial plan was for the Starliner to
Nike CEO John Donahoe’s leadership seems to be facing scrutiny on Wall Street. Following a disappointing fiscal year, Nike announced that sales for the current quarter are projected to decline by 10%, far exceeding analysts’ expectations. This news led to a significant drop in Nike’s stock price, causing at least six investment banks to downgrade
The first half of 2024 on Wall Street has been characterized by significant gains across the board. All three major indexes – the S & P 500, the Dow Jones Industrial Average, and the Nasdaq Composite – are set to end the first half with positive returns. The S & P 500 has seen a
Governor Gavin Newsom of California recently delivered his State of the State speech, which critics have described as unusual and lacking focus on the state’s challenges. Instead of addressing state policy issues, Newsom’s pre-recorded speech primarily delved into national politics. This departure from tradition has raised eyebrows among both critics and supporters of the governor’s
In a groundbreaking move for the ApeCoin DAO, ApeChain will now be equipped to support efficient, low-cost zero-knowledge proof verification. This integration with zkVerify, a modular protocol developed by Horizen Labs, is set to revolutionize Web3 gaming on the Jenkins Testnet, known as the Arbitrum Orbit Chain. By leveraging zkVerify’s technology, developers on ApeChain will
In the world of global finance, currency markets are constantly shifting and evolving in response to a variety of economic factors. One of the most powerful influences on currency valuations is the strength of the US dollar. In recent days, the dollar has been hitting near two-month highs, causing ripples across Asian currencies. Japanese Yen
Chinese automakers are making a significant impact on the global automotive market, with the expectation to achieve 33% market share by 2030. This growth is remarkable considering that they are forecasted to only hold a 21% market share in the current year. The expansion of Chinese automakers is not limited to their home country, as
The municipal bonds market saw minimal changes on Thursday as the last of the largest deals priced. Although U.S. Treasury yields decreased and equities showed an upward trend towards the close of the day, municipal bond mutual funds experienced outflows. These outflows amounted to a significant $498 million, following an inflow of $16 million in
The House Committee on Transportation and Infrastructure has expressed growing concern over the Department of Transportation’s sluggish distribution of funds from the Infrastructure Investment and Jobs Act (IIJA). Since the enactment of the IIJA, the Department has received over $364 billion in funds. However, only a little over half of these funds have been obligated,
The housing market is showing signs of cooling off, with home prices starting to dip slightly compared to a year ago. Reports indicate that price gains are shrinking, and sellers are beginning to adjust their expectations after a stagnant spring market. Redfin data reveals that, for the first time since the Covid-19 pandemic, the typical