Masten files for bankruptcy after NASA moon contract struggle

Masten files for bankruptcy after NASA moon contract struggle

Lunar-focused company Masten Space Systems filed for Chapter 11 bankruptcy protection on Thursday, with the venture winnowed down to a handful of people after layoffs and furloughs. The space company declared as its debts ballooned, tracing back to a NASA contract awarded to Masten two years ago. Once seen as a major win for the … Read more

2023 Chevrolet Colorado: This Is It

2023 Chevrolet Colorado: This Is It

Photo: Chevrolet Chevrolet has just revealed a ground-up redesign of its midsize pickup, the Colorado. With this third-generation model, Chevrolet has had the chance to assess what works for the Colorado, which struggled to stand out in the midsize pickup segment — until the Colorado ZR2 came out. The success of the ZR2 is clearly … Read more

US economy contracts again, fueling recession fears

US economy contracts again, fueling recession fears

CNN  —  The US economy shrank again in the second quarter, the Bureau of Economic Analysis said Thursday. Gross domestic product, a wide-ranging measure of economic activity, fell by 0.9% on an annualized basis from April through June. That decline marks a key symbolic threshold for the most commonly used — albeit unofficial — definition … Read more

Stock market’s post-Fed bounce is a ‘trap’, warns Morgan Stanley’s Mike Wilson

Stock market's post-Fed bounce is a 'trap', warns Morgan Stanley's Mike Wilson

“‘Ultimately, this will be a trap.’” — Mike Wilson, chief U.S. equity strategist and CIO, Morgan Stanley Morgan Stanley’s Mike Wilson, who correctly called the stock market’s 2022 swoon, isn’t convinced the lows are in after major U.S. indexes scored a big gain following Wednesday’s Federal Reserve decision to raise rates by another 75 basis … Read more

US economy shrinks for second consecutive quarter

US economy shrinks for second consecutive quarter

The US economy shrank for a second consecutive quarter, meeting one of the common criteria for a technical recession and complicating the Federal Reserve’s push to stamp out soaring inflation with a string of aggressive rate rises. Data published by the commerce department on Thursday showed gross domestic product fell 0.9 per cent on an … Read more

Sprite ditches green bottles to boost recycling, but critics say it’s not enough : NPR

Sprite ditches green bottles to boost recycling, but critics say it's not enough : NPR

On left, the classic green Sprite bottle. On the right, the new clear bottle. Alex Tai/SOPA Images/LightRocket via Getty Images; The Coca-Cola Co. hide caption toggle caption Alex Tai/SOPA Images/LightRocket via Getty Images; The Coca-Cola Co. On left, the classic green Sprite bottle. On the right, the new clear bottle. Alex Tai/SOPA Images/LightRocket via Getty … Read more

Intel To Wind Down Optane Memory Business

Intel To Wind Down Optane Memory Business

It appears that the end may be in sight for Intel’s beleaguered Optane memory business. Tucked inside a brutal Q2’2022 earnings release for the company (more on that a bit later today) is a very curious statement in a section talking about non-GAAP adjustments: In Q2 2022, we initiated the winding down of our Intel … Read more