SpaceX CEO, Elon Musk, has announced plans for the company to spend around $2 billion on its Starship rocket development this year. Despite this large investment, Musk said that SpaceX does not anticipate needing to raise funding to further bolster the Starship program and its other ventures, as they are not currently in need of
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As more companies move their workloads out of their own data centers, the cloud-computing market continues to grow. However, executives from the leading cloud vendors, including Amazon, Microsoft, and Google, have said that clients are looking for ways to trim costs. This has resulted in slowing revenue growth for these cloud divisions. AWS, the leader
Dallas-based airline, Southwest Airlines, has reported a loss of $159 million for the first quarter of the year. The loss was due to the financial impact of the airline’s holiday meltdown that occurred in December 2022. The airline had to cancel over 16,000 flights in the final days of December due to staffing software issues
Former President Donald Trump’s appeal to block former Vice President Mike Pence from testifying before a federal grand jury investigating Trump’s role in the Jan. 6 riot and his attempts to overturn the 2020 election has been rejected by the U.S. Circuit Court of Appeals in Washington. Trump’s court filing came in response to a
President Joe Biden has expressed his confidence in winning against former President Donald Trump in the 2024 elections. He addressed concerns about his age during a press conference with South Korean President Yoon Suk-yeol, a day after making his re-election bid official. The 80-year-old President dismissed the concerns about his age, saying that he doesn’t
New details have emerged about the environmental impact of the SpaceX Starship Super Heavy launch on 20 April. The US Fish and Wildlife Service (FWS) has confirmed that a fire broke out on a 3.5-acre site south of the launch pad in Boca Chica State Park following the launch. The agency did not find any
Despite the recent decline in General Motors’ stock by more than 2% during Wednesday’s trading session, Bank of America has kept its buy rating on the company, as it remains a leader in the auto industry. The automaker recently announced an earnings and revenue beat for the first quarter, adding to the positive outlook for
Biogen CEO Christopher Viehbacher commented during the company’s first quarter earnings call that they are not worried about competing with Eli Lilly in the market for Alzheimer’s drugs. Both companies are working toward bringing their respective drugs to the market, with Biogen and Japanese drugmaker Eisai developing leqembi, and Eli Lilly developing donanemab and remternetug.
The banking crisis that started two months ago is showing signs of being a slow bleed that could act as a catalyst for a recession later this year. Banks are reporting the impact of a run on deposits on their operations, and the picture is mixed. Larger institutions like JPMorgan Chase and Bank of America
Harry Belafonte, the iconic singer who became synonymous with calypso music and civil rights activism, passed away on Tuesday at the age of 96. Belafonte was born Harold George Bellanfanti Jr. in Harlem, New York in 1927. He spent his formative years in Jamaica with his mother before returning to the United States to complete