Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
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Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
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The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
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Billionaire and co-founder of Microsoft, Paul Allen, has just unveiled the world's biggest plane, possessing a wing span longer than an entire football field.
The Stratolaunch carrier plane rolled out of its hangar and in to public view at the Mojave Air and Space Port in California on Wednesday to undergo fueling tests.
The giant plane is designed to launch rockets into orbit from an altitude of around 30,000 feet. It has a wingspan of 385 feet (117 m), a length of 238 feet (72 m) and a tail height of 50 feet (15 m).
According to Stratolaunch Systems Corporation, the plane uses six Boeing 747 engines built by Pratt & Whitney and has a maximum payload capacity of approximately 550,000 lbs.
Jean Floyd, Chief Executive Officer of Stratolaunch Systems, wrote in a statement Wednesday that the fuel testing "marks a historic step in our work to achieve Paul G. Allen's vision of normalizing access to low Earth orbit."
Stratolaunch previously announced that it will initially launch a single Orbital ATK Pegasus XL rocket, but the firm intends that the plane could ultimately launch up to 3 satellite rockets in one flight.
"Over the coming weeks and months, we'll be actively conducting ground and flightline testing at the Mojave Air and Space Port.
"This is a first-of-its-kind aircraft, so we're going to be diligent throughout testing and continue to prioritize the safety of our pilots, crew and staff," said Jean Floyd.
Floyd added that Stratolaunch is on track to perform its first launch demonstration in early 2019.