As per the report, the Fed’s existing system used to monitor large banks is insufficient to timely detect a financial crisis in the making. A study by auditors of the Federal Reserve has found inconsistencies in the way the central bank monitors big banks. Their report also state that its lack of consistency is likely…
FCC’s proposal will result in prices shooting up. The Republican head of the Federal Communications Commission (FCC) has proposed to lower regulatory requirements in the $45 billion business of data services. Companies such as CenturyLink Inc, AT&T Inc and Verizon Communications and others have since long been clamouring for easing of norms. However the proposal…
The luxurious interiors are designed for tourists unlike the mission oriented capsules of SpaceX and the likes. With space tourism inching towards becoming a reality, Jeff Bezos’ Blue Origin has given plenty of glimpses inside its tourism-oriented New Shepard rocket. It has now released the interior photos of its New Shepard’s capsule for its utilitarian spacecraft…
As Saudi Arabian Oil Co. presses ahead with plans to raise $10 billion in debt, the company has set final pricing for its debut Islamic bond, reported the media quoting a person with knowledge of the matter. The person said, asking not to be identified as the information is private, said that debt is being…
After the damaging recall of its fire-prone Note 7 smartphone, you could be forgiven for thinking Samsung Electronics Co Ltd would make a song and dance about battery safety in its new flagship phones, due to be launched in the United States on Wednesday. While many market analysts expected Samsung Electronics Co Ltd to make a…
The repealing of the safety provisions have given rise to a niche market for smaller broadband service providers such as California-based Sonic which offers free VPN services to its customers. With the U.S. Congress repealing rules that govern how internet service providers can use customer data, there is a renewed interest in virtual private networks…
To engineer a turnaround, BlackRock is increasingly focusing on “scientific” data-driven approaches to beat the market. BlackRock Inc, the world’s biggest asset manager, has stated it will be overhauling its actively managed equities business by dropping fees, cutting jobs, and by relying more on computers to pick stocks in a move that underscores the growing…
Elon Musk’s space startup is set to make history this Thursday. Elon Musk’s SpaceX is days away from creating history: the private company has once again conducted a static test fire of its first rocket that it landed on an ocean platform since on March 30, it will be the first time in the company’s history…
The startup will need a lot more funding before its drones can become reality. Did you ever wonder why some companies prefer to ship vide ships instead vide air? It most probably is because air freight continues to remain expensive. The additional cost of crew and fuel quickly adds up. As per Natilus, self-driving drones…
In order to see Honda Motor Co’s pet aviation project recoup its development costs, Michimasa Fujino, 56, chief engineer of the Hondajet, might have to reach a ripe old age after three decades building an airplane from scratch. Richard Aboulafia, vice president of analysis at aerospace consulting firm Teal Group, thinks it has likely spent…
