Amazon workers in Minnesota and Germany are striking as Prime Day kicks off, in a stand against working conditions and wage practices. The action in Minnesota represents the...Retailread more
Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
Epstein is accused of sexually exploiting dozens of underage girls from 2002 through 2005 at his New York and Florida residences. He is a former friend of Presidents Donald...Politicsread more
When you think of Prime Day, you might be thinking about deals on Instant Pots and Amazon Echo devices — not half-off dresses and designer heels. But the market for apparel...Retailread more
David Marcus, the head of Facebook's digital currency project, said the company expects Libra will drive more advertising revenue for the company.Technologyread more
Some White House officials expect the Cabinet secretary, who has known the president for years, to depart as soon as this summer.Politicsread more
Boeing met with aircraft leasing firms and financiers in New York as the grounding of its popular 737 Max planes drags on with no clear timeline for getting the planes back in...Aerospace & Defenseread more
Reps. Ilhan Omar, Ayanna Pressley, Alexandria Ocasio-Cortez and Rashida Tlaib said Trump challenged them personally because he was not able to defeat them on the policy level.Politicsread more
A financial disclosure made by lawyers for Jeffrey Epstein, a former friend of presidents Donald Trump and Bill Clinton, reveals he has nearly $560 million in assets.Politicsread more
Both companies report earnings on Aug. 8, so the CBS and Viacom boards have set that as a natural deadline to agree to a merger. Price won't be discussed by the companies...Technologyread more
The Food and Drug Administration "stands ready" to start reviewing e-cigarettes amid a teen vaping "epidemic," acting Commissioner Ned Sharpless said Monday in a statement.Health and Scienceread more
Aviation has a new number one in size, as a one-of-a-kind airplane completed its first test flight on Saturday morning above California's Mojave desert.
The test makes the immense Stratolaunch the largest airplane in the world to fly, with a wingspan measuring 385 feet -- wider than a football field is long. The plane flew for 2½ hours over the Mojave at altitudes up to 17,000 feet, hitting a maximum speed of 189 miles per hour. With two fuselages and six Boeing 747 engines. Stratolaunch is built to launch rockets from the air.
Stratolaunch is an "air launch" system, meaning that the aircraft will carry rockets up to about 35,000 feet and then drop the rocket. One of the advantages of such a system, touted by Stratolaunch as well as Richard Branson's Virgin Orbit, is that flying in and out of a traditional runway gives greater flexibility and, eventually, will allow for quick turnaround between launches.
The company has had various partnerships, as well as internal plans, for the rockets that Stratolaunch will carry. SpaceX was one of the company's earliest partners but Stratolaunch later switched to a contract with Northrop Grumman-owned Orbital ATK to fly the Pegeasus XL rocket. Stratolaunch's plan to develop its own fleet of rockets was scrapped in January.
Stratolaunch Systems is owned by Vulcan, which manages the estate of late Microsoft co-founder Paul Allen. The billionaire entrepreneur founded Stratolaunch in 2011, in partnership with specialty aircraft builder Scaled Composites. Allen died in October, following complications of non-Hodgkin's lymphoma.
"We all know Paul would have been proud to witness today's historic achievement," said Jody Allen, Chair of Vulcan and Trustee of the Paul G. Allen Trust in a press release. "The aircraft is a remarkable engineering achievement and we congratulate everyone involved."
Allen's passing is cited as one of the main reasons for the shift in Stratolaunch's plans at the beginning of this year. When the company announced in January that it was ending development of its own rocket engines and vehicles, Stratolaunch reportedly laid off more than 50 of its 80 employees.