Hypersonic Weapons from Lockheed and Raytheon

Hypersonic Weapons from Lockheed and Raytheon

New hypersonic weapons from Lockheed Martin (ticker: LMT) and Raytheon Technologies (ticker: RTX) are ready for powered flight tests by the end of the year. The two variants of the Hypersonic Air-breathing Weapon Concept (HAWC) have successfully flown captive carry tests, Defense Advanced Research Projects Agency...
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Unexpected Electrical Current Discovered That Could Stabilize Fusion Reactions

Unexpected Electrical Current Discovered That Could Stabilize Fusion Reactions

A scientific journal SciTechDaily published findings of Princeton Plasma Physics Laboratory about electrical currents that can form in ways not known before. Electric current is everywhere, from powering homes to controlling the plasma that fuels fusion re...
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China Moves Away From US Dollar

China Moves Away From US Dollar

China is likely to reduce its holdings of US Treasury bonds to just under $800 billion from the current level of more than $1 trillion, according to local news outlet Global Times. A major reason for the reduced exposure is the record...
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Comac C919: A Competitor to Airbus and Boeing

Comac C919: A Competitor to Airbus and Boeing

As of the beginning of this year, more than 200 extra airports were scheduled to be built in China over the next 15 years to cope with the relentless growth spurt. And, not so long ago, Boeing’s 2019-2038 Commercial Market...
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U.S. Sanctions Top International Criminal Court Prosecutor

U.S. Sanctions Top International Criminal Court Prosecutor

No, this time the ICC is not investigating 72 years of ethnic cleansing against the indigenous Semitic population. This time in the ICC’s viewfinder are only minor war crimes committed by our venerable allies during the endless war in Afghanistan. It&#8...
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Amazon gets FAA approval to deliver packages by flying drones

Amazon gets FAA approval to deliver packages by flying drones

The Federal Aviation Administration officially designated the Amazon an “air carrier” on Monday, paving the way for Amazon to start testing its plans to drop off packages within 30 minutes. The FAA’s approval marks a huge milestone for Amazon’s CEO...
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84% of CFOs Say Stocks Are Overvalued

84% of CFOs Say Stocks Are Overvalued

84 percent of CFOs say stocks are overvalued even as they unleash another flood of stock buybacks. It’s not just Wall Street fund managers who, as the latest BofA fund manager survey  revealed, view stocks (along with bonds and gold) to be the most....
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Morgan Stanley: Oilfield Services Say Goodbye To $45 Billion In Assets

Morgan Stanley: Oilfield Services Say Goodbye To $45 Billion In Assets

The Big Three in the oilfield services industry wrote down $45 billion in assets over the past year as their clients tightened their belts, according to Morgan Stanley, cited by Bloomberg. The three largest oilfield services providers in the world are Schlum...
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Oracle Readies $20 Billion Bid For TikTok

Oracle Readies $20 Billion Bid For TikTok

TikTok CEO Kevin Mayer decided to step aside after being cut out of buyout talks involving Microsoft. At least that’s one version of the story. There’s been some other TikTok deal-related news Thursday morning, with Oracle reportedly readying a $20...
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Billionaires Got $637 Billion Richer Since Pandemic

Billionaires Got $637 Billion Richer Since Pandemic

40 million Americans filed for unemployment during the pandemic, but billionaires saw their net worth increase by half a trillion dollars. From March to June 2020, Amazon founder Jeff Bezos saw his wealth rise by an estimated $48 billion. The founder of the...
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Salesforce.com, Amgen and Honeywell Set to Join DJIA

Salesforce.com, Amgen and Honeywell Set to Join DJIA

Salesforce.com (NYSE:CRM) will replace Exxon Mobil Corp. (NYSE:XOM), Amgen Inc. (NASD:AMGN) will replace Pfizer Inc. (NYSE:PFE), and Honeywell International Inc. (NYSE:HON) will replace Raytheon Technologies Corp. (NYSE:RTX). The index changes were prompted by...
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BT prepares defence against £15bn takeover approach

BT prepares defence against £15bn takeover approach

Telecoms giant BT has hired Goldman Sachs to defend it against potental bidders after shares collapse. BT shares surged 7% today after weekend reports that it had instructed bankers from Goldman Sachs to draw up a defence plan against potential bidders....
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Germany is beginning a universal-basic-income trial

Germany is beginning a universal-basic-income trial

Germany is beginning a universal-basic-income trial with people getting €1,200 a month for 3 years. Starting this week, 120 Germans will receive a form of universal basic income every month for three years. The volunteers will get monthly payments of...
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QE Is Causing A Security Shortage

QE Is Causing A Security Shortage

Between September of 2019 and today, the Fed increased the size of the SOMA portfolio from $3.56 trillion to $6.2 trillion, an increase of $2.64 trillion. And although the Fed effectively absorbed roughly the same amount of net new Treasurys issued by...
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Jack Ma’s Ant Said to Target $225 Billion Valuation in IPO

Jack Ma’s Ant Said to Target $225 Billion Valuation in IPO

Jack Ma’s fintech giant Ant Group is reportedly looking to file for dual listing in Hong Kong and Shanghai within the next few weeks, seeking a valuation of US$225 billion. The company is planning to launch its concurrent initial public offering on...
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