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Retail sales soared 5.3% thanks to stimulus checks 2/18/2021
The $600 stimulus checks, sent out at the very end of last year, has pushed people to buy new furniture, clothing and appliances.
American industrial production expanded for the fourth consecutive month in January 2/18/2021
U.S. industrial production — which includes output factories, mines and utiliites — rose 0.9% last month on top of increases of 1.3% in December, 0.9% in November and 1.1% in October, the Federal Reserve reported Wednesday.
Epic Games, a game maker, filed antitrust complaint against Apple 2/18/2021
Epic Games is locked in a battle with Apple over the app store, which takes a 30% cut from all in-app purchases. When Epic tried last year to bypass the platform with a direct payment system, Apple dropped the Fortnite app from its app store. In return, Epic filed legal challenges in the U.S., Australia and Britain.
Jetpack man flying around LAX might be a mannequin 2/18/2021
The Black Vault, a website that houses declassified government documents, suggests that the media-dubbed “jetpack man” might not be a man at all. Instead, we might be seeing a life size mannequin that’s being jetted to the heavens by a drone.
Robot has a place in doing police work 2/17/2021
WBRC-TV reports that a National Science Foundation grant is funding the work to build robots with audio and video equipment. The robots could go into places where it may be too dangerous for police and relay information back to them.
Texas freeze cause blackouts in Mexico 2/17/2021
Mexico’s government-owned utility, the Federal Electricity Commission, said its operations were left short as the winter storm in Texas froze natural gas pipelines. It said some private power plants also began shutting down Sunday night. Private plants supply about 80% of power in northern Mexico.
Earthquake in Japan puts further dent on semiconductor shortage 2/17/2021
the company hopes to restart some production today. However, it could be a week before full production resumes, which could disrupt an already troubled automotive chip supply chain.
Jaguar brand cars to jump into total electric by 2025 2/17/2021
Jaguar Land Rover, which is owned by Indian conglomerate Tata Motors, hopes the move will help turn around the fortunes of the 86-year-old Jaguar brand, which for many epitomizes class but has struggled in recent years.
Artificial intelligence offers comfort amid isolation of the COVID-19 pandemic 2/16/2021
The pandemic has contributed to chronic loneliness. Digital tools like video chat and social media help connect people who live or quarantine far apart. But when those friends or family members are not readily available, artificial intelligence can step in.
GM adds Chevrolet Bolt to its EV line up 2/16/2021
The latest offering comes from General Motors, which unveiled a Chevrolet Bolt compact SUV on Sunday. It comes with an estimated range per charge of 250 miles (400 kilometers) and a $33,995 starting price tag.
Georgia's governor lobbies Biden to block Korean battery plant 2/16/2021
The U.S. International Trade Commission ruled Wednesday that SK Innovation, a South Korean company, stole 22 trade secrets from competitor LG Energy Solution and that the company should be barred from importing, making or selling batteries in the United States for 10 years.
Biden to get modern presidential helicopter 2/16/2021
On Feb. 5, Sikorsky received the go ahead from the U.S. Navy to deliver the five final aircraft as part of VH-92A contract. Delivery is scheduled for 2023.
Biden said that the U.S. will have enough vaccine to inoculate 300 million Americans. 2/15/2021
Biden announced on Thursday that the U.S. had secured contractual commitments from Moderna and Pfizer to deliver the 600 million doses of vaccine by the end of July — more than a month earlier than initially anticipated.
Switching to EV will put a lot of automotive workers jobs in limbo 2/15/2021
It won't happen overnight. But the likelihood is growing that legions of autoworkers who trained and worked for decades to build machines that run on petroleum will need to do rather different work in the next decade — or they might not have jobs.
Bombardier to end Learjet productions 2/15/2021
That means the elimination of 1,600 jobs in Canada and the United States, another blow to aircraft manufacturing, which has withered in the pandemic.
Semiconductor companies turns to government for help on shortage 2/15/2021
The Semiconductor Industry Association — a trade group representing nearly all of the nation’s semiconductor industry, including Intel, IBM and Texas Instruments — says “bold action” is needed to address the challenges facing the sector, and that the U.S.’s leadership in tech is “at risk.” In a letter to the Biden administration.
Uber found salvation from its Uber Eat services 2/12/2021
Uber plans to expand the company’s food-delivery operation as part of an effort to build a more versatile transportation service. Those efforts, which included a $2.65 billion acquisition of Postmates last year, have enabled the food-delivery service to bring in nearly as much revenue Uber's ride-hailing business.
Toyota calls for diversity in Electrical Vehicles 2/12/2021
Toyota said it has a goal of having 40 percent of its new vehicle sales be electrified by 2025 and nearly 70 percent by 2035. It also is developing dedicated underpinnings to be used in future electric vehicles.
United Airlines to buy 200 helicopters to serve as air taxis to airports 2/12/2021
Archer’s aircraft are designed to fly under battery power for up to 60 miles (97 kilometers) at speeds of up to 150 mph (240 kph).
Shell Oil to reduce refinery capacity 2/12/2021
Shell said that as the company cuts production of traditional fuels it will reduce the number of refineries it operates to six from 13. The six remaining sites will produce both chemicals and energy, Shell said.
Lessons learned from the SolarWinds hack incident 2/11/2021
The SolarWinds hack was more than just one of the most devastating cyber attacks in history. It was a major breach of national security that revealed gaps in U.S. cyber defenses.
Virgin Orbit to launch satellites from the belly of a 747 for Polish company 2/11/2021
The agreement with SatRevolution of Wroclaw, Poland, comes less than a month after Virgin Orbit conducted the first successful flight of its air-launched LauncherOne rocket.
Boeing delivered 26 new planes — including 21 Max jets 2/11/2021
Most of the new 737 Max planes went to U.S. airlines. Boeing said Tuesday that Southwest took six Max jets, American and United got five each, and Alaska Airlines received two.
Hyundai/ Kia stock plummet on breakdown of talks with Apple 2/11/2021
Hyundai and partner company Kia recently took in the market after it was announced the automakers were no longer planning a deal with Apple to produce a much-buzzed-about Apple car or its components.
Nebraska government to help broadband development in rural areas 2/10/2021
The proposed grant program was pitched as an incentive for broadband providers to install service lines in rural areas where doing so isn't financially feasible because the populations are too small.
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