The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
It's about time to write off high-growth tech stocks, Goldman warns, saying software carries the highest multiples since the tech bubble.Marketsread more
Iran will surpass the internationally agreed levels of its low-enriched uranium levels in 10 days, the country's atomic energy body said Monday.Politicsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
Boeing says the airline industry will need 44,000 new commercial airplanes by 2038. The market value of those planes would reach $6.8 trillion, up from $6.49 trillion...Airlinesread more
Apple is reportedly building three new iPhones for 2020, including two with 5G. It may also slightly change the screen sizes of the new iPhones.Technologyread more
Sotheby's announces it has signed an agreement to be acquired by BidFair USA, a venture owned by art collector Patrick Drahi.Marketsread more
Overall, extortion by email is growing significantly, according to the FBI's Internet Crime Compliant Center (IC3). Last year, these complaints rose 242% to 51,146 reported...Technologyread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
The chipmaker crush could persist and investors should be selective, but Nvidia looks like a clear buy, one market watcher says.Trading Nationread more
Target's nationwide cash register meltdown over the weekend created more than $16 million in buzz on the internet from news reports and other social media mentions, according...Retailread more
It’s a vision of the future that could someday jet people from the L.A. to Tokyo in just three hours or cut the time of a flight between New York and London down to just two.
Boeing unveiled a rendering of its first-ever design for a hypersonic passenger plane at an aerospace conference in Atlanta. While the idea and potential of the plane will generate plenty of buzz, this is a concept that is likely decades from being built.
The hypersonic passenger plane could, in theory, fly as fast as Mach 5, or just under 3,900 miles per hour. That would allow the plane to carry passengers between Los Angeles and Tokyo in roughly three hours. A flight from New York to London could be as quick as two hours. Right now, those flights take about 11 hours and 7 hours, respectively.
Boeing CEO Dennis Muilenburg is pushing the aerospace giant to explore the potential of ultra-fast passenger planes.
"I think in the next decade or two you're going to see them become a reality," Muilenburg told CNBC at the Paris Air Show last year. “We see future innovations where you could connect around the world in about two hours.”
How will Boeing and other aerospace companies build passenger planes that can safely fly between far-flung locations in just a few hours? The key will be the development of lightweight materials for the fuselage and new engines that will propel the jets at greater speeds. All of that will take years to be designed and tested.
Then there is the question of cost. How willing is Boeing to potentially spend billions of dollars over the next 20 to 30 years to build a hypersonic passenger plane? If the jet is built, will the costs be low enough to make it a profitable plane for airlines to fly on a regular basis?
John Plueger, president and CEO of AirLease Corp., has been skeptical of a hypersonic jet flying with airlines.
“It's hard for me to see, at least in the next 15-20 years, that it's going to be so cost competitive that it's going to compel the airlines to take a stab at it, " he told CNBC last June.