"Why does the Air Force need expensive new bombers? Have the people we've been bombing over the years been complaining? " -- George Wallace

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Elon Musk's SpaceX has received its first official contract for the Starshield network from the US Space Force. This network will provide satellite communications for the military via the company's Starlink satellite internet system and comes just weeks after Democrats, corporate media, and a former comedian turned Ukraine president, Volodymyr Zelenskyy, attempted to cancel Musk after the Washington Post published excerpts from his new biography on the billionaire, alleging he rejected help from Ukraine to assist in the attack against Crimean port of Sevastopol last year. 

China's property crisis: Evergrande's woes threaten recovery MikeRivero Sat, 09/30/2023 - 07:42

China has spent nine months trying to kickstart the world's second-largest economy after three years of strict COVID lockdowns. 

Despite targeted stimulus measures to boost exports and domestic consumption, growth has not yet returned to pre-pandemic levels. Beijing is already forecast to miss its 5% growth target for this year. 

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The cheapest car in Vietnam appeared on the street, traveling 120-170km on a single charge MikeRivero Sat, 09/30/2023 - 06:53

The Wuling HongGuang MiniEV mini electric car was found on some streets in Hanoi, much to the attention of the community as it will be the cheapest car that Vietnamese customers can choose.

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UAW announces new strikes at GM and Ford plants, spares Stellantis citing momentum in talks MikeRivero Sat, 09/30/2023 - 06:48

The United Auto Workers union will expand strikes against General Motors and Ford Motor

to two U.S. assembly plants at noon ET, UAW President Shawn Fain said Friday.

The additional strikes will target Ford’s Chicago Assembly Plant in Illinois, which produces the Ford Explorer and Lincoln Aviator SUVs, and GM’s Lansing Delta Township plant in mid-Michigan that produces the Buick Enclave and Chevrolet Traverse crossovers.

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Tyson Foods, Inc., is teaming up with Gatik AI, Inc., in a multi-year collaboration to deploy autonomous, "self-driving" refrigerated box trucks to bolster Tyson routes in Northwest Arkansas. Operating 18 hours a day, trucks will deliver Tyson, Jimmy Dean and BallPark products, among others, to the company’s distribution and storage facilities in the Rogers and Springdale, Ark., areas.

Ray Dalio believes the United States is going to have a debt crisis and is closely watching the "risky" fiscal situation, CNBC reported on Thursday, citing an interview with the billionaire investor.

"How fast it transpires, I think, is going to be a function of that supply-demand issue, so I'm watching that very closely," said Dalio, founder of hedge fund Bridgewater Associates, in the interview.

The country's debt has been under the spotlight in recent months after political brinkmanship around the debt limit earlier this year brought the U.S. close to a default.

Oil prices flirted with one-year highs on Thursday before falling in a bout of profit-taking, which tempted investors back into stocks after several days of losses over inflation fears.

Worries that elevated energy prices will keep interest rates high in Europe and the US pushed stocks down sharply in September, dousing hopes that central bankers could start easing monetary policy.

Instead, Brent crude hit $97.69 a barrel on spot markets early Thursday, the highest price since November last year, before falling back.

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The US government began Thursday to inform workers of an impending shutdown that could see millions of federal employees and military personnel temporarily sent home or working without pay, unless Congress reaches a last-ditch deal.

Without an agreement, funding for much of the federal government will expire at midnight on Saturday (0400 GMT Sunday), threatening disruptions to everything from air travel to benefit payments, and - if the shutdown endures - dealing a further blow to the precarious US economy.