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☆ A trade that wins if the drop in Chipotle after CEO jumps to Starbucks is overdone
▼ + stars: | 2024-08-13 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Chipotle Mexican Grill (CMG) shares are getting wrecked after its CEO Brian Niccol left to try and turn around Starbucks. With a positive outlook on CMG, I see this pre-market drop as an opportunity to invest in a company that seems almost recession-proof. The trade To initiate a bullish position on CMG, I plan to use a strategy known as a "bull call spread." This trade was written assuming Chipotle was trading around $51 a share. If CMG trades at or above the short strike by the expiration date, this trade could yield a return of 100% on the amount risked.

Persons: Brian Niccol, let's, Chipotle Organizations: Grill, CNBC, NBC UNIVERSAL Locations: Chipotle

☆ Nankei Trough advisory: Japan is bracing for a once-in-a-century earthquake. Does it need to?
▼ + stars: | 2024-08-12 | by ( Jessie Yeung | Hanako Montgomery | ) edition.cnn.com time to read: +11 min

A special committee warned that another “major earthquake” could hit in the coming week – the first time in its history the body had issued this type of nationwide advisory. Then there’s the looming threat of the Nankai Trough megathrust earthquake – the most powerful of its kind, with magnitudes that can exceed 9. Japan’s government has warned of the possible Nankai Trough quake for so many years that the possibility of it occurring has become common knowledge. The ‘big one’The Nankai Trough is a 700-kilometer long (435-mile) subduction zone, which refers to when tectonic plates slip beneath each other. “I tell (my students), the Nankai Trough earthquake will definitely come, whether it’s your generation or your children’s generation,” he said.

Persons: ”, Shoichi Yoshioka, ” Yoshioka, Kim Jae, it’s, “, Robert Geller, It’s, Yoshioka, Geller, ” Geller, Yota, Mashiro Ogawa, Megumi Sugimoto, “ It’s, Shuhei Yokoyama, there’s, Sugimoto Organizations: Tokyo CNN, Japan’s Kobe University, “, Residents, Getty, government’s Earthquake Research, Kobe University, University of Tokyo, Asahi Shimbun, Osaka University Locations: Japan, Europe, United States, Ishinomaki, Miyagi prefecture, AFP, Nankai, Philippine, Tokyo, Noto Peninsula, Wajima City, Noto, Fukuoka, Kyushu, Kumamoto

☆ What Maya Rudolph's SNL Impression Reveals About Kamala Harris
▼ + stars: | 2024-08-11 | by ( Adam Rogers | ) www.businessinsider.com time to read: +9 min

And it has different meanings in African American English versus the Mainstream US English more likely spoken by white folks. So when white people unfamiliar with African American English hear that rise and fall, they think the speaker is being kind of argumentative. How "Black" Harris sounds, in other words, is in the ear of the beholder. In 2022, she compared the way Harris talks to audio clips of the comedian Maya Rudolph doing her impression of Harris on "Saturday Night Live." Just about anything Harris does, Rudolph does, too, but more so.

Persons: Donald Trump, Kamala Harris, Trump, Harris, Nicole Holliday, Holliday, Barack Obama, MAGA, That's, Joe Biden, she's, —, Meryl Streep, Maya Rudolph, Rudolph, I'm, they're, — Harris, She'll, Adam Rogers Organizations: National Association of Black Journalists, Trump, UC Berkeley, Howard University, Howard, Business Locations: California, Oakland , California, Bay, Montreal, United States, Harris

☆ How to increase your attention span amid digital overload
▼ + stars: | 2024-08-11 | by ( Riane Lumer | ) edition.cnn.com time to read: +10 min

While a dwindling attention span is not due to a personal failing (despite individual variability) a majority of the time, experts say there are changes you can make to regain control over your mind. “Tech companies and ad marketing companies use this information to construct profiles about us, and then they design algorithms that are targeted to capture our attention,” Mark said. “We have a tank of attentional resources (that) gets drained when we keep switching our attention,” Mark said. Additionally, he suggested using an app that places time limits on social media or websites you find yourself addicted to using. “The way I feel at the moment is like somebody is pouring itching powder over us all day,” Hari said.

Persons: I’m, it’s, Gloria Mark, Mark, Graham Burnett, ”, Burnett, Henry Charles Lea, ” Mark, Shoshana Zuboff, “ I’m, Johann Hari, ” Hari, Hari, ’, There’s Organizations: CNN, University of California, Computing Systems, Institute, Strother School, Princeton University, “ Tech, Harvard Business School, Facebook, New York Times, Association of Computing Locations: Irvine, Brooklyn , New York, New Jersey, Boston, Silicon Valley

☆ Harris matches Trump proposal to ban taxes on tips at Las Vegas rally
▼ + stars: | 2024-08-11 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Vice President Kamala Harris pledged to eliminate taxes on tips in the service and hospitality sectors if she wins the presidency, echoing the same proposal former President Donald Trump announced months earlier. The proposal came a day after the Culinary Workers Union, a major labor group in Nevada, endorsed Harris. Trump quickly took to social media to claim credit for the proposal, which he put forward in June at his own Las Vegas rally. "[Harris] has no imagination, whatsoever, as shown by the fact that she played 'COPYCAT' with, NO TAXES ON TIPS!" Banning taxes on tips would require new legislation and congressional approval, which a Harris campaign official later acknowledged.

Persons: Kamala Harris, Donald Trump, Harris, Trump, Ernie Tedeschi, Tedeschi Organizations: Culinary Workers Union, Federal, Yale University's, CNBC, Trump Locations: Las Vegas, Nevada, America, Las

☆ Avocado goldrush links U.S. companies with Mexico’s deforestation disaster
▼ + stars: | 2024-08-06 | by ( ) www.nbcnews.com time to read: +9 min

The U.S. lawsuits filed in DC Superior Court Monday shine a spotlight on the supply chains of some U.S. companies operating in the Mexican avocado industry. Reuters could not independently verify the accounts from the local residents or Climate Rights International’s findings. “They have even gone to destroy avocado orchards,” said Claudia Alejandra Sanchez, an activist for Michoacán’s Purepecha Indigenous people. Reuters reviewed copies of letters shared by Climate Rights International. Most of those companies have publicly pledged to adhere to sustainable supply chains in compliance with local laws.

Persons: Del, Richman, Mexico Ken Salazar, avocados, ”, Claudia Alejandra Sanchez, Michoacán’s, Guardian Forestal, ’ avocados, ” Daniel Wilkinson, Climate Rights International’s, Alejandro Mendez, Savas Melchor Gómez, deforest, Alfredo Ramírez, ” Ramirez Organizations: Reuters, U.S, Organic Consumers Association, Inc, Produce Inc, West Pak, DC, Rights, Climate Rights International, Richman Law, U.S . Department of Agriculture, Climate Rights, Residents, Foods, Costco, Guardian, Pak, Trade, “ Locations: Madero, Mexico’s, United States, Minnesota, U.S, West, Irvington, N.Y, Mexico, Washington, Michoacán, Jalisco

☆ World’s Five Leading Chipmakers Have Now Promised U.S. Investment
▼ + stars: | 2024-08-06 | by ( Ana Swanson | Madeleine Ngo | ) www.nytimes.com time to read: +1 min

The Biden administration said on Tuesday that it would award up to $450 million in grants to a South Korean chipmaker, SK Hynix, to help build its new chip facility in Indiana, in what officials described as a milestone in rebuilding the U.S. semiconductor manufacturing industry. With the announcement, the United States now has commitments from all five of the world’s leading-edge semiconductor manufacturers to construct chip plants in the United States with financial assistance from the administration, Commerce Secretary Gina M. Raimondo said in a call with reporters on Monday. The Biden administration previously announced that it had reached agreements with Intel, Taiwan Semiconductor Manufacturing Company, Samsung and Micron to help fund investments in the United States. “These are the only companies in the world capable of producing leading-edge chips at scale,” she said. SK Hynix announced in April that it had committed to investing $3.87 billion in a facility in West Lafayette, Ind.

Persons: Biden, Gina M, Raimondo Organizations: SK Hynix, Intel, Taiwan Semiconductor Manufacturing Company, Samsung, Micron, ” SK Hynix Locations: Korean, Indiana, United States, West Lafayette, Ind

☆ A bullish options trade on a tech recovery after the latest sell-off
▼ + stars: | 2024-08-06 | by ( Nishant Pant | ) www.cnbc.com time to read: +4 min

We saw another EMA crossover in May, signaling the end of the pullback and the start of a new bull run. July 2023 : Although the majority of the current correction unfolded in August, the EMA crossover signal had already appeared in July. For example, in May 2023, waiting for the EMA crossover would have meant missing out on 4.6% of the move. The trade setup: QQQ bull call spread To take a bullish trade on QQQ, I will be using a trade structure called a "bull call spread." For example, if QQQ is trading at $440 at the time of the EMA crossover, one could consider buying a 440-441 call spread.

Persons: bullish, Nishant Pant Organizations: Nasdaq, Corrections, Trust, EMA, ITM, CNBC, NBC UNIVERSAL Locations: QQQ

☆ ‘We don’t need more concrete’: A new village in Tanzania will use a 3D printer and soil to build its community
▼ + stars: | 2024-08-01 | by ( Tom Page | ) edition.cnn.com time to read: +7 min

In Kibaha, Tanzania, just west of the capital Dar es Salaam, a group of pioneering architects are set to build a new village with “earth printing” at its heart. A rendering of the community center for Hope Village, which Hassell says is expected to begin construction in 2025. Hope Village is more ambitious, according to Mark Loughnan, principal and head of design at Hassell. For Dr. Consola Elia, who will oversee the children’s home at Hope Village, the project is “the reality of a dream that I’ve had for over 20 years,” she said in a statement. Work on the masterplan has begun, with housing already underway and construction of the community center expected to begin in early 2025.

Persons: Hassell, ClarkeHopkinsClarke, ”, Xavier De Kestelier, De Kestelier, Mario Cucinella, ” De Kestelier, Hassel, Mark Loughnan, “, Consola Elia, I’ve, we’re Organizations: CNN, NASA, Hope, Institute, Architecture, Mario Cucinella Architects, Tanzanian, New Yorker, Crane WASP, Arts Locations: Kibaha, Tanzania, Dar, Salaam, Catalonia, Barcelona, Spain, Ravenna, Italy, Rome, Uganda, Hope

☆ An AI-powered robot is helping install Amazon's largest solar farm
▼ + stars: | 2024-07-31 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +3 min

Installing solar panels can be back-breaking work, so one of the largest renewable energy companies is using robots to do the heavy lifting. AES Corporation on Tuesday introduced "Maximo," an AI-powered robot that can lift solar panels and precisely place them into long rows. The robot will be used to construct the largest solar farm with battery storage in the US, which will help power Amazon's data centers. AES said Maximo can install solar panels twice as fast as humans and at half the cost. AES CorporationLifting 60-pound solar panels repeatedly, in some cases 200 panels a day, in desert heat takes a toll on the body.

Persons: Maximo, Chris Shelton, Biden, Ron Rodrique, Maximo isn't, Rodrique Organizations: Service, AES Corporation, Business, AES, AES Clean Energy, Amazon Locations: New York, Virginia , Ohio, Louisiana, Kern County , California

☆ Using options to try to catch the bottom in CrowdStrike
▼ + stars: | 2024-07-30 | by ( Nishant Pant | ) www.cnbc.com time to read: +4 min

This drop in such a short period seems overly exaggerated, and I'm on the lookout for signs of a bounce to initiate a bullish trade on CRWD. DMI (Directional Movement Index): The DMI is composed of three lines: DI+ (green line), DI- (red line), and ADX (blue line). When the DI- (red line) is above the DI+ (green line), it indicates a downtrend. Note that both DI- and DI+ are changing direction, which provides the first indication of a possible trend change. The Trade To take a bullish trade on CRWD, I'm using a trade structure called a "bull call spread."

Organizations: Microsoft, Apple, Nasdaq, RSI, CNBC, NBC UNIVERSAL Locations: CRWD

☆ Wargames show the US could burn through its ammo in 'as few as 3 to 4 weeks' in a war with China, commission warns
▼ + stars: | 2024-07-30 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA new high-profile report on US national defense acknowledged that the Pentagon could deplete its munitions within "three to four weeks" in a protracted war with China. Some important munitions, such as anti-ship missiles, could last only a few days, the commission warned. As an example, they cited a 2022 report from the Royal United Services Institute about the war in Ukraine. Defense industry 'grossly inadequate' even in peacetimeThe US commission warned that defense production as a whole is in bad shape, saying the wider industry doesn't have the capacity to meet national needs even in peacetime.

Persons: — Organizations: Service, Business, Army, Democratic, Center for National American Security, Royal United Services Institute, Defense, Department Locations: China, Russia, Ukraine, United States, Donbas, Iran, North Korea

☆ Google’s Olympics ad went viral for all the wrong reasons
▼ + stars: | 2024-07-29 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

Well, a new Google ad says artificial intelligence can now do that for you. It shows the young girl training to compete like her hero, thanks to hurdling technique tips generated by Google’s AI search feature. But many early AI tools seem to do the opposite, instead enabling computers to generate traditionally human creative outputs such as art, music and stories. And yet tech firms have forged ahead with rolling out AI tools that can create new emojis, speak and even generate videos. Google did not respond to CNN’s request for comment regarding the backlash to the Gemini ad.

Persons: Mickey Mouse, It’s, Sydney McLaughlin, “, Google’s, McLaughlin, OpenAI’s, Deadspin Will Leitch, ” Shelly Palmer, Syracuse University’s S.I, ” Apple, Sonny, Cher’s, Apple Organizations: New, New York CNN, Olympics, Google, Big Tech, Tech, Syracuse University’s, Newhouse School of Public Communications Locations: New York

☆ We’re Asking the Wrong Question About Kamala Harris and Race - The New York Times
▼ + stars: | 2024-07-25 | by ( John Mcwhorter | ) www.nytimes.com time to read: +1 min

In the wake of Joe Biden’s endorsement of Kamala Harris, a great deal of attention has focused on whether America is ready for a Black female president. Unmentioned is a question of equal complexity: Why is Harris Black? So in terms of her ancestry, she is as much South Asian as she is Black. Barack Obama, with one Black and one white parent, is called Black. Harris often mentions the South Asian half of her heritage, but in traditional American discourse, it feels off to categorize her as simply South Asian — like Aziz Ansari or Mindy Kaling — and leave it there.

Persons: Joe Biden’s, Kamala Harris, Unmentioned, Harris, It’s, Barack Obama, Aziz Ansari, Mindy Kaling — Organizations: South Locations: America, India, Jamaica

☆ Opinion: Why you should pay attention to the role of race in sport during this summer’s Olympics
▼ + stars: | 2024-07-23 | by ( Opinion Keith Magee | ) edition.cnn.com time to read: +9 min

CNN —For many nations — not least the US — the upcoming Paris Olympics will take place against a background of deep political and social division. If you saw any of the European Athletics Championships events last month, you may well have been struck, as I was, by just how many Black athletes featured on podiums. At the Summer Olympics, the USA team will also feature numerous Black athletes, including gymnast Simone Biles, sprinter Sha’Carri Richardson and the (current) fastest man on earth, Noah Lyles. As you watch the Olympics this summer, take note of the sports in which Black people represent the USA and European countries. So no, Black athletes are not naturally better at some sports — they take the narrower opportunities open to them and work incredibly hard on their self-belief to make it to that podium.

Persons: Keith Magee, Keith Magee Arron Dunworth Terry Shoemaker, Emmanuel Karalis, Malaika Mihambo, Nikolas Liepins, Simone Biles, Sha’Carri Richardson, Noah Lyles, Mujinga Kambundji, Italy's Zaynab, Ewa Swoboda, Artur Widak, Zaynab Dosso, Ana Peleteiro, Owen Ansah, Paola Egonu, Le, Aya Nakamura, Edith Piaf, disheartening misogynoir, Lewis Hamilton, Tiger Woods, Venus Williams, you’ll, —, laud Organizations: University College London Institute for Innovation, Newcastle University Law School, CNN, Arizona State University, European Athletics, women's U.S, Getty, Summer, USA, Trump, European Union Agency for Fundamental Rights, Paris Olympics, Franco, United Nations, Serena Locations: Swiss, women's, Anadolu, Europe, Italy, Poland, Paris, France, Spanish, Italian, Nigerian, Malian

☆ This 4-word phrase can help you lead a happier life with fewer deathbed regrets, says end-of-life planning expert
▼ + stars: | 2024-07-23 | by ( Alex Koller | ) www.cnbc.com time to read: +1 min

Accepting the reality that everyone dies eventually is an important step toward appreciating the life you have left to live. Arthur's advice: Stand in front of a mirror, look into your eyes and repeat to yourself, "I'm going to die." But the mindset shift can have many beneficial effects: Embracing mortality leads people to be more compassionate, mindful and driven to achieve their goals in life, Santos said. Arthur has spoken to hundreds of individuals about their final stages of life. "Grounding in my mortality means that at some point I won't have access to all these senses anymore," Arthur said.

Persons: Alua Arthur, Laurie Santos, Arthur, Santos, Grace Organizations: Yale University Locations: Los Angeles

☆ A bullish options bet that will pay off if Tesla and Alphabet rally after earnings
▼ + stars: | 2024-07-23 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Earnings season is heating up, as Tesla and Google-parent Alphabet are set to report their latest results after the bell Tuesday. I'm considering a bullish trade in QQQ for Wednesday — contingent on a positive market reaction to GOOG and TSLA earnings. This allows you to construct a $1 wide bull call spread and risk as little as $50 to make $50 per winning trade. I've suggested a 482-483 call spread because QQQ is trading at 482 as of writing this. If earnings are strong, QQQ will likely gap up and open at a higher price tomorrow.

Persons: QQQ, I've, Nishant Pant Organizations: Google, Nasdaq, CNBC, NBC UNIVERSAL Locations: QQQ

Though many Americans believe the housing market is at risk of crashing, the economists who study housing market conditions overwhelmingly do not expect a crash in 2024 or beyond. How low demand can cause a housing market crashA sudden drop in homebuying demand can lead to a housing market crash. What a housing market crash would mean for homebuyersAnything is possible, and nobody has a crystal ball to see for certain what will happen in the housing market in the coming months and years. Preparing for a potential housing market crashRight now, you probably don't need to be preparing for the housing market to crash. Housing market crash FAQsWhat are the key signs of an impending housing market crash?

Persons: homebuyers, Fannie Mae's, Lawrence Yun, Yun, isn't Organizations: Housing Survey, National Association of Realtors, Housing Locations: exurbs, Chevron

☆ A developer is planning a commercial spaceport near Las Vegas that includes a pilot school and STEM academy
▼ + stars: | 2024-07-21 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +6 min

At least, that's what real estate developer Rob Lauer envisions with his plans to build a spaceport near Las Vegas. Lauer, a former US Army military police officer, is the CEO of Las Vegas Spaceport. The spaceport would offer educational programs for potential flyers and a STEM programA rendering of a STEM academy by Las Vegas Spaceport. As smaller companies like Las Vegas Spaceport look to enter the industry, some travelers are already excited to take flight. Las Vegas Spaceport scored a win in May when the Clark County Commission "unanimously" approved construction permits for an airstrip, according to the Las Vegas Review-Journal.

Persons: —, Rob Lauer, Lauer, George Rose, New Shephard, Jeff Bezos, Richard Branson's Virgin, it's Organizations: Service, US Army, Las, Business, Las Vegas, Billboard, Boca, FAA, Las Vegas Convention, Visitors Authority, SpaceX, Elon Musk's astronautics, Richard Branson's Virgin Galactic, Pew Research Center, Las Vegas Executive, Vegas, Clark Locations: Nevada, Las Vegas, Las, United States, Boca Chica, New, Clark, Nye County, Southern Nevada

☆ A Trip Into Tornado Alley With America’s Most Obsessive Storm Chaser
▼ + stars: | 2024-07-19 | by ( David Gelles | ) www.nytimes.com time to read: +10 min

A Trip Into Tornado Alley With America’s Most Obsessive Storm ChaserOn a clear morning in late May, Reed Timmer began the day at home in Lexington, Okla., studying the latest update from the National Weather Service’s storm-prediction center. A month into his freshman year, he went storm chasing, and saw his first tornado. He went on to begin his Ph.D. studies, but the allure of storm chasing waylaid his academic career. Timmer insists that chasing tornadoes is safe, though others’ experience suggests a different conclusion. In 2013, while he was pursuing the El Reno tornado in Oklahoma, four other chasers died in the storm.

Persons: Reed Timmer, Timmer, Edgar ONeal, It’s, ” Timmer, ”, Bill Paxton, Helen Hunt, Mark L, Smith, Timmer —, Gizmo —, Glen Powell, “, Reed, ” Smith, ” “ Reed, Bill Gallus, Kan Organizations: University of Oklahoma, “, Chevy Tahoe, Hollywood, Universal Pictures, Warner Brothers, Iowa State University, El, National Weather Service, Subaru Forester, Subaru Locations: Lexington, Okla, Kansas, Texas, America, Chickasaw, Wichita Falls, Windthorst, Oklahoma City, Yorkshire, Timmer, Lawrence, El Reno, Oklahoma, United States, Greenfield , Iowa

☆ Starbucks could give a much-needed jolt to the EV market
▼ + stars: | 2024-07-18 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Read previewMercedes-Benz is bringing its fast electric vehicle charging stations to 100 Starbucks locations. The charging stations will be accessible to all EV owners. But for EV owners, it's a major roadblock hindering widespread adoption. Related storiesA company spokesperson told Business Insider that by 2030, it hopes to lead the retail industry in decarbonization solutions. The Starbucks spokesperson said the coffee giant is continuing to learn how its customers interact with EV stations and exploring partnerships and areas that would benefit from similar routes.

Persons: —, it's, Simon, Mercedes, Michael Kobori Organizations: Service, Benz, EV, Starbucks, Business, McKinsey, Mercedes, Simon Properties, Volvo Locations: Coast, Canada, Mexico, Denver, Seattle

☆ These 10 U.S. states have America’s best economies in 2024
▼ + stars: | 2024-07-18 | by ( Scott Cohn | ) www.cnbc.com time to read: +13 min

We consider economic growth and job growth. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. Delaware's economy turned in a lackluster performance in 2023 — the only state economy to shrink last year. Mario Tama | Getty ImagesThe Grand Canyon State's surging chip sector is delivering many dividends, including strong job growth and a healthy housing market. But he noted that construction employment grew at a healthy pace last year, evidence that the state economy still has steam left.

Persons: Dupont De Nemours, Ethan Miller, Kevin C, George Frey, Mark Knold, Knold, Zions, Mario Tama, Katie Hobbs, Allison Joyce, they've, Andrew Berger, Gross, Berger, Nina Dietzel, Lawrence Kessler, Kessler, Brandon Bell, Joe Raedle Organizations: Companies, Business, Delaware, Istock, Getty, Fortune, Census, Commerce Department, Aaa, Direct Investment, Corporate, Gem State, Micron Technology, Lamb Weston Holdings, Silver State, Pew, Major Corporations, Vegas Sands, MGM Resorts, Benz, Cox, Mercedes, Nestlé, Purina, Adidas, Georgia Department of Economic, U.S . Commerce Department, Assurant, Intercontinental, Contractors, Bloomberg, Utah's Department of Workforce Services, Arizona Workers, Gov, Democrat, Major, Technology, North, Health, Employers, North Carolina Department of Commerce, Corporate Headquarters, Bank of America, Duke Energy, Tennessee, University of Tennessee, The Volunteer State, FedEx, Texas Employees, Lone Star State, Entrepreneurship, Oracle, Tesla, Amerant Locations: States, Wilmington, New Castle County , Delaware, Delaware, Incyte, Idaho, Boise , Idaho, USA, Nevada, Las Vegas, Las Vegas , Nevada, Southern California, Vegas, Georgia, Atlanta , Georgia, Peach, Utah, Provo , Utah, U.S, Beehive, Buckeye , Arizona, Arizona, North Carolina, Wilmington , North Carolina, Carolina, Tennessee Nashville , Tennessee, Luling , Texas, The Texas, North Dakota, California, Texas, Florida, Sunrise , Florida

☆ NASA is scrapping a moon rover that it spent $450 million to build
▼ + stars: | 2024-07-18 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewNASA is scrapping a moon rover it spent $450 million to construct, and axing the machine's mission to find water on the moon. The agency discontinued the development of VIPER — or Volatiles Investigating Polar Exploration Rover — because it proved exceedingly expensive. According to the Times, the agency would save at least $84 million by not conducting the testing and not having to operate the rover on the moon. Representatives for NASA did not immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Griffin, Griffin Lander, Joel Kearns, Nicola Fox, — Suni Williams, Butch Wilmore — Organizations: Service, NASA, Business, New York Times, Times, Astrobotic Technology Inc, Pittsburgh —, Boeing, Space, Business Insider Locations: Pittsburgh

☆ This man built a plane for his family in his garden
▼ + stars: | 2024-07-16 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +11 min

Amateur buildEngineer Ashok Aliseril spent 18 months building a four-seater plane during the pandemic, helped by his daughter. Aliseril briefly considered buying an older aircraft, and looked at some that had been built in the 1960s and 1970s. After researching self-assembly aircraft kits, he came across a four-seater plane manufactured by South African company Sling Aircraft that ticked all the right boxes. “I would say generally, anyone can get involved in these sorts of builds.”Lockdown projectHe built a shed in his garden to complete the build. Although he’d initially planned to hire a workshop to construct the aircraft, Aliseril feels that creating a workspace at his home was the better choice.

Persons: Ashok Aliseril Thamarakshan, Abhilasha, Aliseril, ” Aliseril, Ashok Aliseril, Ashok, ”, “, you’ve, Tara, he’d, it’s, ‘, Diya, who’ve, he’s, – Organizations: CNN, CNN Travel, Amateur, South, Sling Aircraft, Sling, Light Aircraft Association, UK Civil Aviation Authority, Federal Aviation Administration, FAA, CAA Locations: Essex, England, Isle of Wight, mull, Johannesburg, Abhilasha, Cambridge, Skegness, Turweston, Buckinghamshire, Bergerac, France, Norway

☆ Bronze Age-style ship sails the Persian Gulf 4,000 years after it was designed
▼ + stars: | 2024-07-12 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

CNN —Writings on an ancient clay tablet have allowed experts to reconstruct a Bronze Age ship made of reeds and sail it on a maiden voyage off the coast of Abu Dhabi, United Arab Emirates. It is the world’s largest reconstruction of a Bronze Age Magan boat, according to the team. The research project’s goals were to uncover ancient craftsmanship techniques, determine the connections between Bronze Age societies and better understand the role Abu Dhabi once played in Bronze Age trade. After passing five days of trials, the ship sailed toward Saadiyat Island off the coast of Abu Dhabi and the open sea on March 2 and 3. “Seeing the Magan Boat sail on the water for the first time actually took my breath away and brought tears to my eyes.”

Persons: Magan, “, ”, Eric Staples, Abu Dhabi, Emily Harris, Umm, Robert B, Jackson, ” Jackson, Peter Magee, Marwan Abdullah Al, Marzouqi, ” Marzouqi, Abdallah Alremaithi, Ayesha Almansoori, Tayla Clelland, Mohamed Khalifa Al Mubarak, ” Clelland Organizations: CNN, United, United Arab Emirates, Zayed University, Zayed National Museum, Zayed National Museum , New York University, British Museum, ., Department of Culture Locations: Abu Dhabi, United Arab, Persian, UAE, Oman, Mesopotamia, Iraq, Pakistan, India, Zayed National Museum ,, Zayed National Museum , New York University Abu Dhabi, Umm, South Asia, Girsu, what’s, Saadiyat, Tourism, “

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