American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Two months after the inaugural spaceflight, Virgin Galactic's spacecraft Unity has done it again.
Virgin Galactic sent three human beings on Unity for the first time in Friday's supersonic test flight, which reached three times the speed of sound on its way up. Just before the flight, Richard Branson's space tourism company told CNBC that astronaut trainer Beth Moses is on the company's spacecraft Unity, along with the two pilots.
"Beth Moses is on board as a crew member," a Virgin Galactic spokeswoman told CNBC. "She will be doing validation of some of the cabin design elements."
This is the first time Virgin Galactic carried three human beings on its ride to the edge of space. In previous test flights, the two pilots were the only ones inside of the spacecraft.
Virgin Galactic's spacecraft Unity holds up to six passengers along with the two pilots. As the company has more than 600 would-be astronauts signed on to launch, Moses' work is key to preparing Virgin Galactic for commercial operations. Tickets for Virgin Galactic's flights are priced at $250,000 each.
Pilots Dave Mackay and Michael "Sooch" Masucci also became astronauts, as the company said the test flight reached an altitude of 55.9 miles, or nearly 90 kilometers. MacKay, Masucci and Moses join a list of less than 600 human beings who have flown in space.
The U.S. officially consider pilots who have flown above 80 kilometers to be astronauts. Following Virgin Galactic's first successful spaceflight in December, the Department of Transportation awarded pilots Mark Stucky and C.J Sturckow with commercial astronaut wings – only the third and fourth such people recognized as private astronauts.
Unity also carried NASA-funded payloads on this mission. Under NASA's Flight Opportunities program, four experiments flew on board the spacecraft. NASA said that most of these same experiments flew on Unity's first spaceflight, while two also launched on Blue Origin's rocket test flight in January.
"Regular access to reduced-gravity lets researchers collect data needed to mature their technologies for use in deep space," NASA said in a statement.
The mission launched horizontally, rather than the traditional vertical method of launching rockets. The jet-powered mothership Eve lifted the spacecraft Unity, taking off from the Mojave Air and Space Port. Upon reaching an altitude above 40,000 feet, the carrier aircraft released Unity.
MacKay and Masucci then piloted the spacecraft in a roaring burn. The flight pushed Unity to a speed of Mach 3, which is three times the speed of sound, as it screamed into a climb.
After performing a slow backflip in microgravity, Unity turned, gliding back to land at the runway it took off from about an hour earlier. Unity is the name of the spacecraft built by The Spaceship Company, which Branson also owns. This rocket design is officially known as SpaceShipTwo.
Friday's flight was delayed two days because of high winds in California's Mojave Desert.
In December, the company completed its longest rocket-powered flight ever, with its two pilots becoming Virgin Galactic's first astronauts. That test flight reached an altitude of 51.4 miles, or nearly 83 kilometers.