The mission to save NASA’s sinking Swift Observatory was called off Wednesday, dooming the telescope to a fiery reentry later this year. NASA and Katalyst Space Technologies announced the news more than a month after the startup’s Link spacecraft rocketed away to the telescope’s rescue. Katalyst said Link will not attempt to capture Swift and…
The national debt topped $40 trillion, according to Treasury Department data released on Wednesday, representing a fiscal milestone that underscores the federal government’s mounting borrowing and interest costs. The Treasury Department’s daily financial report shows that the nation’s debt reached $40.05 trillion on August 18, more than double its level in 2017. The federal debt has…
Violent crime rates in the U.S. have plummeted with their biggest one-year drop on record, a White House official said Friday as the FBI prepared to release its finalized crime data for 2025. The statistics show an 18.1% decrease in the murder rate compared with the prior year, the official said. Violent crime rates in…
The torrent of corporate spending on artificial intelligence in the U.S. is driving up consumer prices, working against efforts to cool inflation. AI requires enormous computing power, driving demand for the semiconductors that enable it. Rising chip costs are also prompting electronics manufacturers to raise prices on smartphones, computers, software and other tech accessories. Consumers are…
Shares of SpaceX tumbled on Wednesday despite reporting strong revenue growth in its first public quarterly earnings report, as investors questioned the rocket maker’s accelerating investment in artificial intelligence. SpaceX shares tumbled $10.06, or 8%, to $115.27 in early afternoon trading on Wednesday. Investors are worried that the company’s massive investments in artificial intelligence won’t be enough…
