By Joseph Chalfant Jeff Bezos led an all-civilian crew to the edge of space in the inaugural passenger flight of Blue Origin on Tuesday. The Amazon billionaire boarded New Shepard, named after the first American astronaut Alan Shepard, with his brother Mark Bezos, "Mercury 13" woman and test pilot Wally Funk, and Blue Origin's first [...]
By Joseph Chalfant The Biden administration is moving to implement cybersecurity requirements for U.S. pipelines. The directive comes from Department of Homeland Security officials seeking to set industry standards to defend against ransomware attacks and other threats. Companies will be required to build cyber-attack contingency and recovery plans and conduct reviews of current security architecture. “Through this [...]
By Joseph Chalfant Stockpiles of electronic components are dwindling, and now much of the smartphone industry has been forced to raise prices or set delays for upcoming products. Phone manufactures are unable to find vital materials like power-management chips, semiconductors, and data chipsets. Shipping times for semiconductors alone have jumped to 19 weeks, well above the usual [...]
By Joseph Chalfant Dish Network has reached a 10-year deal with AT&T to become Dish’s primary network for the company’s wireless customers. AT&T will provide service to Dish’s mobile virtual network operator subsidiaries (MVNO) Boost Mobile, Ting, and Republic wireless with a collective customer base of 8.89 million. The multi-year deal comes with an estimated value of [...]
By Joseph Chalfant On July 14, the Senate Subcommittee on Fiscal Responsibility and Economic Growth hosted a hearing entitled Defending and Investing in U.S. Competitiveness. Subcommittee Chair Sen. Elizabeth Warren (D-MA) and Ranking Member Sen. Bill Cassidy (R-LA) lead the hearing. Witnesses included Howard University professor Dr. William Sprigs, United Steel’s Roy Houseman, University of [...]
By Joseph Chalfant United Airlines and Mesa Airlines have committed to purchasing electric planes for short-haul flights. United's holding company and Mesa each agreed to buy 100 planes a piece from Swedish aircraft manufacturer Heart Aerospace. Heart is currently working on a 19-seat electric plane that could reduce the carbon footprint of air travel, according to the [...]
By Joseph Chalfant Disney has decided to raise the subscription price for its sports streaming service ESPN+. The company will raise its monthly rate from $5.99 a month to $6.99 a month. The yearly subscription rate will see a similar change, jumping from $59.99 to $69.99. The Disney+, ESPN+, and Hulu bundle will remain the same at [...]
By Joseph Chalfant Researchers have found that over 170 Android apps engage in cryptocurrency scams. Lookout Threat Lab discovered that 93,000 people fell victim to fraudulent apps. The security company claimed that victims lost up to $350,000 through fake apps and in-app purchases. 25 of the apps managed to get listed on the Google Play [...]
By Joseph Chalfant Wells Fargo is moving to eliminate all current personal lines of credit and will no longer offer it in the future. The company used personal lines of credit to allow customers to borrow from $3,000 to $100,000. Loans were typically used for anything from home renovations to avoiding overdraft fees, according to CNBC. Wells [...]
By Joseph Chalfant On July 6, the Competitive Enterprise Institute (CEI) hosted a discussion on developments in Environmental, Social, and Governance (ESG) Investing. The hour-long event consisted of a panel of three experts: Justin Danhof, Esq., The National Center for Public Policy’s Free Enterprise Project Director, Cato Institute’s Director of Financial Regulation Studies Jennifer Schulp, [...]
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