SpaceX’s Falcon 9 rocket recently experienced an inflight failure, resulting in a rare setback for the company’s reliable vehicle. The incident occurred during the “Starlink Group 9-3” mission, which was intended to launch 20 satellites into low Earth orbit. While the lower first stage of the rocket performed as expected, the upper second stage failed
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The landscape of team ownership in the National Football League (NFL) could be on the brink of a significant shift. Commissioner Roger Goodell recently revealed in an exclusive interview with CNBC that the league is contemplating the possibility of allowing minority private equity ownership for its 32 teams. This potential policy change comes in response
NASCAR recently made a groundbreaking move by unveiling a prototype electric race car in partnership with ABB, aimed at reducing emissions and electrifying aspects of the sport. This initiative represents a significant step towards sustainability for an organization that has a legacy rooted in stock car racing. The ABB NASCAR EV Prototype The “ABB NASCAR
Tesla’s stock price saw a significant increase on Friday, completely wiping out its loss for the year and resulting in a gain of 27% for the week. This surge was primarily driven by a better-than-expected deliveries report for the second quarter. Although deliveries still decreased by 4.8% from the previous year, the decline was less
In a surprising turn of events, Patrick Bertoletti emerged victorious in this year’s Nathan’s Hot Dog Eating Contest, dethroning the 16-time champion Joey Chestnut. The annual competition, held on July 4th, marked the end of an era as Bertoletti from Illinois devoured an impressive 58 hot dogs in just 10 minutes, claiming the coveted Mustard
Federal Reserve officials gathered at their June meeting to discuss the current state of inflation. The meeting minutes showed that while inflation is moving in the right direction, it is not advancing quickly enough for the committee to consider lowering interest rates. The Fed targets a 2% annual inflation rate, which has been exceeded since
Boeing announced its decision on Monday to acquire Spirit AeroSystems, the struggling fuselage maker, in an all-stock deal aimed at enhancing safety and quality control. The deal involves Boeing paying $37.25 a share in its stock for Spirit, resulting in an equity value of $4.7 billion. With the inclusion of Spirit’s debt, the total transaction
The Federal Reserve recently released data showing that inflation rates in May had slowed to their lowest annual rate in over three years. The core personal consumption expenditures price index only increased by 0.1% for the month, with a 2.6% increase from a year ago. These numbers were slightly lower than the previous month and
The upcoming report from the Commerce Department is anticipated to bring some encouraging news on the inflation front. The Personal Consumption Expenditures (PCE) price index, a key gauge closely monitored by the Federal Reserve, is predicted to show minimal to no monthly increase for May. This would mark the first instance of such a scenario
In the recent GOP primary in Colorado, Rep. Lauren Boebert emerged victorious, securing the party’s nomination in the 4th District. Boebert, known for her conservative views and vocal opposition to socialism and communism, has managed to build a national profile since her surprising primary win in 2020. Despite facing personal challenges, such as a divorce