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The AirlinePropeller Era Is Coming to an End

A chapter of U.S. air travel came to a quiet end on July 4 when the final turboprop flight at American Airlines Group Inc. landed on Maryland’s Eastern Shore at dusk. American regional carrier Piedmont Airlines was the final operator of turboprops among the Big Three U.S. carriers and their affiliates, an era that stretched back to the first flights by Delta Air Lines Inc. and United in 1928. American’s initial commercial service in June 1936 used a Douglas DC-3.  United ended its prop flying May 31, with the last service in…

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Hedge-Fund Investors Pour Into Oil as Firms Predict Surge to $80

Hedge funds investing in oil are luring capital at the fastest pace in more than a year. With crude climbing to levels not seen since 2014, commodity funds have recovered the client outflows they suffered last year. And if firms such as Saudi Arabia, the world’s biggest exporter, wants to push prices to $80 a barrel to help pay for the government’s policy agenda. Declining output in Venezuela and falling global inventories are also playing their part, as are the worsening tensions in Syria, which threaten to disrupt supply from…

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Teslas Model 3 Is Now Americas Best-Selling Electric Car

*Prius Prime and Chevy Volt are plugin hybrids **Tesla doesn't provide geographic breakdowns, so U.S. sales of the Model S and Model X are estimates provided by InsideEvs There’s reason for such skepticism. If we go back to  Looking at Tesla’s weekly rate is a bit like asking a marathon runner the fastest they can run a mile. It might be interesting, but when they have to go back to running marathons, how much bearing does it have on their endurance rate? On Tuesday, Tesla tried to allay fears of…

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Musk Takes Down the Tesla and SpaceX Facebook Pages

Musk and Zuckerberg have traded barbs on AI, rockets before Facebook is facing criticism after Trump-tied firm took data Zuckerberg said last August. “It’s really negative and in some ways I actually think it is pretty irresponsible.” Musk responded, writing on Twitter: “I’ve talked to Mark about this. His understanding of the subject is limited.” In 2016, a SpaceX rocket carrying a Facebook satellite tweeted. Read more: http://www.bloomberg.com/news/articles/2018-03-23/tesla-spacex-pages-vanish-as-musk-joins-deletefacebook-crusade

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Silicon Valley Has Failed to Protect Our Data. Heres How to Fix It

Twitter, LinkedIn, Cambridge Analytica used that data to target likely Trump voters. Facebook responded that, no, this was not a “Featured in , March 26, 2018. Illustration: 731 For years we’ve been talking and thinking about social networks as interesting tools to model and understand human dynamics. But it’s no longer academic—Facebook has reached a scale where it’s not a model of society as much as an engine of culture. A researcher gained legitimate access to the platform and then just … kept going, and Cambridge Analytica ended up with those 50 million profiles.…

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Tesla Sees Your Super Bowl Ad and Raises You a Rocket Launch

Kia may have scored some kudos and Lexus Elon Musk’s very own cherry red Tesla Roadster floated through space to the cheers of a crowd and David Bowie’s “Life on Mars?” at the end of a 43-minute webcast that drew millions of viewers Tuesday afternoon. The sports car was the payload for the “epic views” as the car hurtles toward Earth-Mars elliptical orbit around the sun. “No one” does publicity stunts better, Michelle Krebs, an analyst with car-shopping website Autotrader, said by phone after tuning into the launch. “It was…

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SpaceXs New Beast of a Rocket Is Go for Launch

It’s to be expected that Elon Musk and his colleagues will want to toast the first launch of viewing party featuring a champagne toast and a commemorative glass. The as soon as Feb. 6. Musk’s message on Twitter over the weekend specifying a launch date anticipated a public turnout in Cape Canaveral, Florida: “Easy viewing from the public causeway,” he wrote. The spectacle has even tempted a Falcon Heavy equivalent to roughly 18 747 airplanes. It's twice as large from a capacity perspective as its closest competitor, United Launch Alliance’s Delta IV Heavy. My raw video…

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The Mysterious Twitter User Drawing a Swarm of Japan Traders

On a day when billions in profits and losses would be determined by split-second trades, the salaried professionals of Japan’s financial markets were glued to their news terminals. Another group was staring at the feed of an anonymous Twitter account. It was shortly after noon on Jan. 29, 2016, and people with money at stake were waiting for the Bank of Japan to announce its monetary policy. While the decision’s date is set in advance, nobody knows its timing. “It’s a negative interest rate bazooka!” gushed in reply. “The profits I…

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Senator Calls Trumps Denial of Shithole Comment Not True

A key Democratic senator who was at the Oval Office meeting on immigration said President Donald Trump’s denial that he called Haiti and African nations “shithole countries” is “not true” and that Trump made the “vile and racist” comments. “He said things which were hate-filled, vile and racist,” Senator Dick Durbin, of Illinois, who was at the meeting, told reporters Friday morning. “I cannot believe that in the history of the White House, in that oval office, any president has ever spoken the words that I personally heard our president…

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Saudi Arabia Arrests 11 Princes Protesting Over Bills, Report Says

Saudi authorities made a fresh round of arrests of royal-family members as a group of princes staged a palace protest in the capital over the non-payment of their electricity and water bills. Security services on Thursday arrested the 11 princes after they refused to leave Qasr Al-Hokm in Riyadh, Saudi Arabia’s Attorney General, Sheikh Saud Al Mojeb, said in an emailed statement. The princes, who objected to a decree that ordered the state to stop paying their utility bills, will be held at al-Ha’er prison pending their trial, Al Mojeb said. “No…

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Theresa May’s Infrastructure Czar Quits, Lashing Out at Brexit

Andrew Adonis quit as Theresa May’s infrastructure czar, but not before delivering a blistering verdict on the Brexit policy being pursued by the U.K. prime minister and her Conservative Party. The Labour peer and former transport secretary described Brexit as a “populist and nationalist spasm worthy of Donald Trump” in a unexpectedly quit, depriving her of a key figure in dealing with EU negotiators. And now, days from the end of the year, Adonis is departing with an excoriating verdict on the country’s direction. “Brexit is causing a nervous breakdown across…

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Flake: Someone in GOP Will Challenge Trump in Primary, If Not Me

President Donald Trump is likely to face a challenge from an independent candidate, and possibly a fellow Republican, if he runs for a second term, as voters thirst for a more centrist alternative, said Senator Jeff Flake. “If the president is running for re-election, if he continues on the path that he’s on, that’s gonna leave a huge swath of voters looking for something else,” said the Arizona Republican, who plans to leave the Senate at the end of 2018. Flake, who’s emerged as one of the president’s most vocal…

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Novogratz Halts Hedge Fund, Says Bitcoin May Drop to $8,000

Michael Novogratz, the former macro manager who’s turned into one of the biggest champions of bitcoin, shelved plans to start a cryptocurrency hedge fund and predicted that the digital money may extend its plunge to $8,000. “We didn’t like market conditions and we wanted to re-evaluate what we’re doing,” Novogratz said Friday in a phone interview. “I look pretty smart pressing the pause button right now.” Novogratz, 53, said he told potential investors last week that he changed his mind, two days before his Galaxy Digital Assets Fund was due to…

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Elon Musk Isnt Joking About Sending a Tesla to Mars

Elon Musk fully intends to put a red sports car made by a company that he runs into an enormous rocket ship made by another company that he runs and fire both into Mars orbit. The car, as it hurtles into space, will be playing a song by David Bowie on repeat. It goes without saying that the song will be “cryptic message on Twitter over the weekend. A person familiar with the launch plan at SpaceX Inc. confirmed that it is real. Payload will be my midnight cherry Tesla Roadster playing Space Oddity. Destination is Mars…

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Trump Says Investors Should Sue ABC for Market-Moving Report

President Donald Trump called on investors to sue ABC News after a false report about him caused the stock market to briefly plunge Friday. ABC News investigative reporter Brian Ross told viewers Friday morning that former national security adviser Michael Flynn was prepared to testify that Trump, then still a candidate, had told him to contact Russian officials. The implication that the president himself was connected to his campaign’s dealings with Russia sent the Dow Jones Industrial Average down more than 350 points before it recovered. “People who lost money…

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