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Trump Administration To Begin Pushing For Potential Moon Mining

In the past, access to space was reserved for government space agencies. However, the large influx of private investment into space-related industries by companies such as SpaceX has driven the costs of launching rockets, satellites, and other equipment to drastic lows. While most people are aware of the potential for space tourism, other industries may also experience a benefit from these ...

Boeing Cancellations Continue, Denting Backlog

The COVID-19 pandemic has hit the airline industry hard, with many airlines canceling flights and cutting back on fleet sizes. As a result, aircraft producers have seen a decrease in their regular orders. Boeing, who was already struggling beforehand, continues to see cancellations rise and their overall production backlog shrink. The company announced an additional 108 cancellations of their ...

Trump Backs Musk In Bid To Reopen California Plant

Since stay-at-home orders were implemented in California in the previous months, Tesla CEO Elon Musk has pushed back on them in a bid to reopen his company’s main manufacturing plant in Fremont. Now, as he continues to push the local and state government for an exception, he has appeared to gain a new ally in U.S. President Donald Trump. On Tuesday, President Trump wrote on Twitter that ...

Weekly Wrap Up For May 15th, 2020

Eric Faucette and Stuart Faris discuss How Novus Labs helps companies and individuals develop and/or debug the concepts, software, or products through concept analysis, in-depth testing, reworking and eventual proof of concept, software, finished parts, or operable machines. There is more here to hear than you can imagine. It is impossible to predict what the economic ...

Weekly Wrap Up For May 8, 2020

It is impossible to predict what the economic recovery will look like, and even dour indicators don’t give a great indication of the future. But, listen to this Credit Manager’s Index report and Dr. Kuehl’s comment on the economy. American Economy Contracts For First Time In Six Years As the COVID-19 pandemic has been severely impacting the global economy, the United ...

NASA Contracts Elon Musk, Jeff Bezos For Future Moon Landings

In 2017, President Trump directed NASA to accelerate their efforts to re-land astronauts on the Moon. Now, the agency is taking its first steps at bringing in the private sector to help, awarding a combined $967 million to three companies for study contracts on potential lunar landers. Blue Origin, SpaceX, and Dynetics won their contracts as part of NASA’s Human Landing Systems program. ...

Trump Threatens New Tariffs On China

All 3 major indices took a dip Friday as President Trump threatened more tariffs on China in retaliation for the COVID-19 outbreak and Beijing's handling of information in the early stages of the pandemic. Trump has been quite candid about his concerns regarding China’s role in the COVID-19 pandemic’s origins and in statements made Thursday indicated that making sure there are appropriate ...

American Economy Contracts For First Time In Six Years

As the COVID-19 pandemic has been severely impacting the global economy, the United States, in particular, has anticipated a see sharp decline from their previous numbers. Now, the recently released first-quarter GDP numbers and the Institute for Supply Management’s Manufacturing Report On Business index show just how hard the pandemic has hit the American economy. The ISM Purchasing ...

U.S. Airlines Lose Money For First Time In Years Due To Pandemic

Airline companies in the U.S. have been experiencing serious issues as airline travel has dropped by 95% due to the COVID-19 pandemic. The first quarterly reports give some insight into how airliners are faring, and what can be expected in the immediate future. Delta’s CEO Ed Bastian stated on Wednesday that the company’s first-quarter results appear to be a staggering 90% less than ...