Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Bryn Mawr Trust CIO Jeffrey Mills lists where to put money to work as Wall Street copes with trade war and recession jitters.Futures Nowread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
Led by Vice President Mike Pence, several White House officials and space industry executives met Thursday at the first National Space Council since it was disbanded in 1993.
"American leadership in space will be assured," Pence said. "We will return Americans to the moon ... and build the foundation we need to send Americans to Mars and beyond."
The meeting's opening remarks focused on moving away from the current outsourcing of manned launches, in which American astronauts go to space on Russian rockets.
"America seems to have lost our edge in space," Pence said. "Rather than lead in space, too often we've chosen to drift and, as we learned 60 years ago, when we drift we fall behind."
"America must lead in space once again," he said.
Chief executives Marillyn Hewson, Dennis Muilenburg and David Thompson — of Lockheed Martin, Boeing and Orbital ATK, respectively — each stressed a similar desire to lead the world in space exploration. None of the CEOs reiterated Pence's statement that America is behind in space leadership.
"We have proven that U.S. ventures in space lead to broad societal benefits that lift our national economy," Hewson said.
Muilenburg joined Hewson in emphasizing the space industry's role in the U.S. economy. He said Boeing is "America's largest manufacturing exporter" and that accomplishments in space "can unite a nation." With Boeing's CST-100 Starliner in development as a part of the NASA commercial crew program, Muilenburg noted that continued and similar efforts require monetary support.
"It is important we have long-term stability on funding," Muilenburg said.
It will only be a few years before American astronauts can be put on the moon using these companies' vehicles, Thompson said.
"U.S. astronauts can carry out several cislunar voyages in the next five years," Thompson said.
In a separate panel of executives Pence called "the entrepreneurial side of space," SpaceX President and COO Gwynne Shotwell further backed the strides taken by U.S. companies, saying America "is out-innovating the rest of the world."
Pence said America "will win the 21st century in space." He identified the council as a way to build a coherent vision for U.S. policy and strategy in space.
"There is nothing more inspiring than the country's space program," Muilenburg added.