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NASA shutting down $2B satellite refueling project over tech, cost challenges

NASA is canceling a $2 billion satellite refueling project, citing cost and technical challenges that have plagued the program. space agency announced The On-Orbit Maintenance, Assembly and Manufacturing 1 (OSAM-1) project was halted on Friday after a “thorough independent” review. A statement in a NASA news release said the project cancellation was due to “ongoing […]

Secretive tech billionaire-backed California city delayed twice

Billionaires behind a plan to build a green city from the ground up got off to a rocky start, with two setbacks and behind schedule putting their proposal before California voters in November. . In January, former Goldman Sachs trader Jan Slamek announced a strict voting plan for the proposed San Francisco-Sacramento community. The plan […]

Houthis Are ‘Armed with Sophisticated Tech from Iran’

Sen. Chris Murphy (D-Conn.), chairman of the Senate Foreign Relations Subcommittee on the Near East, South and Central Asia, and Counterterrorism, will hold a hearing Tuesday to discuss Houthi terrorist attacks on Red Sea ships. did. Expert witnesses testified to the severe economic damage caused by Houthi piracy and the humanitarian risks posed by disruptions […]

Virginia ‘tech tax’ bill sparks backlash from business community

Trade groups representing hundreds of companies doing business in Virginia oppose a proposal proposed by Republican Gov. Glenn Youngkin and approved by Democrats in a budget bill to expand the state sales tax to cover digital products. ing. Both chambers of Congress included a new sales tax on purchases such as streaming subscriptions, cloud storage […]

Sony cuts 900 jobs from PlayStation division in latest tech culling

Gaming company Sony announced Tuesday it would cut 900 jobs from its PlayStation division, becoming the latest tech giant to lay off some of its employees. Sony Interactive Entertainment (SIE) President and CEO Jim Ryan announced the dismissal A Tuesday email to PlayStation employees said the cuts amounted to 8% across the company’s locations around […]

Why tech companies are laying off thousands of workers

Big tech companies have cut thousands of jobs since early 2024 as the rise of artificial intelligence (AI) and rising interest rates upend the tech industry. Although the overall U.S. job market remains remarkably strong, tech companies have cut nearly 40,000 jobs in the first two months of 2024, according to Layoffs.fyi. Just last week, […]

2 Dividend-Paying Tech Stocks to Buy Right Now – The Motley Fool

The stock market is one of the world’s best wealth creation tools, but it can be subject to high short-term volatility for some investors. Fortunately, dividend stocks provide investors with income regardless of stock price performance. This is a way to encourage investors to be patient and focus on the long term. Tech stocks get […]