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US cancels search for balloon-like objects in Alaska’s Lake Huron
US cancels search for balloon-like objects in Alaska’s Lake Huron
The US military said Friday it had ended its search for flying objects shot down on February 10 and 12 near Deadhorse, Alaska, and over Lake Huron. The statement released late Friday came hours after officials said the US had completed efforts to recover the remains of the large balloon that was shot down off the coast of South Carolina…
Barstool Sports was acquired entirely by Penn Entertainment in a $388 million deal
Barstool Sports was acquired entirely by Penn Entertainment in a $388 million deal
Barstool Sports was sold to Penn Entertainment Inc. Penn paid about $388 million for the remaining stake in Barstool Sports it doesn’t already own, the sports and entertainment company announced Friday. Penn and Barstool Sports first announced an exclusive sportsbook and iCasino partnership in early 2020. Penn acquired a 36 percent interest in Barstool Sports in February 2020 for approximately…
Offshore wind farms attract tourists who want to see the “world’s largest rotating equipment.”
Offshore wind farms attract tourists who want to see the “world’s largest rotating equipment.”
The sheer size and scale of wind turbines, which can be over 250 feet tall and spin at up to 200 miles per hour, is often used against them. Neil Parish, then MP and leader of an influential Environment Committee, offered a typical view to the British House of Commons last year: “Why do people come to many of our…
A company that hired minors to clean skull cleavers and bone saws at meatpacking plants was fined $1.5 million
A company that hired minors to clean skull cleavers and bone saws at meatpacking plants was fined $1.5 million
One of the country’s largest cleaning services for food processing companies employed more than 100 children in hazardous jobs at 13 meatpacking plants across the country, the U.S. Labor Department said on Friday as it announced more than $1.5 million in civil penalties. The investigation into Packers Sanitation Services Inc., PSSI for short, began last summer. Department officials searched three…
Quantumania takes over. Here we are in the real “quantum realm”
Quantumania takes over. Here we are in the real “quantum realm”
As a quantum scientist, I’m amazed at how central the Quantum Realm is to the latest Ant-Man film. It’s a great way to break down the barriers to an area that will impact our lives for years to come. So what does the “real quantum realm” look like? Let me take you on a Quantumania-inspired tour of the technologies and…
Luxury stocks have the kind of momentum that Big Tech had in the 2021 bull market. France does not complain
Luxury stocks have the kind of momentum that Big Tech had in the 2021 bull market. France does not complain
French stocks are the breakout stars of 2023, driven by the unrelenting momentum behind luxury goods makers LVMH, Kering and Hermes International. The benchmark CAC 40 index is up 14% this year, outperforming other major markets and on the verge of surpassing the record high set in January 2022. The trio of luxury companies, plus cosmetics maker L’Oreal SA, account…
40-ton problem weighing on $100 billion offshore wind industry
40-ton problem weighing on $100 billion offshore wind industry
Since early December, nearly two dozen large whales have washed up on or near beaches on the US Atlantic coast, and about a third of the so-called strandings have occurred on New Jersey shores. It’s unclear what exactly is fueling the deaths, but an unlikely coalition of wind opponents, local environmental groups and conservative talk show hosts have focused on…
Biden’s student debt cancellation plan is pending two lawsuits in February
Biden’s student debt cancellation plan is pending two lawsuits in February
It’s a pivotal month for President Joe Biden’s one-time student loan forgiveness plan: hearings in the US Supreme Court begin on the 28th in two cancellation-related cases that could prevent millions of Americans from paying thousands of dollars in debt to eliminate . The Supreme Court is dealing with two cases related to forgiveness. The first, Nebraska vs. Biden, was…
The Supreme Court is about to hear a crucial Sector 230 case
The Supreme Court is about to hear a crucial Sector 230 case
Washington has been at a loss for years about how to regulate the Internet — or even if it should even try. But the Supreme Court will be hearing a case next week that could completely change our online world as we know it. On Tuesday, judges will hear arguments for Gonzalez vs Google, a case challenging Section 230 of…
Americans spending their savings could trigger a recession
Americans spending their savings could trigger a recession
Despite high inflation, rising interest rates, and Wall Street’s persistent forecasts of a recession, Americans have continued to spend at a near-record pace over the past year, opting to splurge on Disney vacations and DoorDash deliveries. Rising wages and a “cash buffer” of savings built up during the pandemic — when spending slowed and benefits like stimulus checks and increased…