Kitty Hawk has an ambitious plan to leapfrog rivals by convincing regulators to let it fly passengers in electric air taxis without pilots within the next 3 years. The head of its aircraft program, who fought the strategy, is out. In as COO: ex-Wired editor Chris Anderson, founder of 3D Robotics.
Market Moves Past the Memes It s fun to watch the wild action, but it s not healthy for the overall market.
Jun 03, 2021 | 01:41 PM EDT
The meme stock trading has cooled off significantly, and that is good news for the overall market. While the movement in names like AMC (AMC) , GameStop (GME) , and BlackBerry (BB) is entertaining and can be quite profitable for aggressive traders, It is not healthy for the overall market.
When the movement in a stock is more about the people that are trading it and has little to do with fundamental considerations, it undermines the idea that the stock market is a way to help value stocks. It is absurd to believe that the market efficiently prices stocks, but when the disconnect from reality becomes as great as it has recently with some of these names, then it turns the entire market into a farce.
A Sad May for SPACs thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.
Vermont unemployment rate falls to 2.9 percent
The Vermont seasonally-adjusted unemployment rate fell again and at 2.9 percent in March is back under 3 percent for the first time since just before the pandemic hit in early 2020. The rate reflects a decrease of one-tenth of one percentage point from the prior month’s revised estimate of 3.0 percent. Vermont now is tied for the lowest rate in the nation with three Western states. There are still over 28,000 filing unemployment claims in Vermont. While this about a third the number of filers from the peak of the pandemic, it is still historically high. Ongoing claims typically would be under 6,000. The pandemic numbers also include new programs like the PUA, which in recent weeks has accounted for almost 9,000 claims.
Amazon investiert aus Klimaschutzfonds in senkrechtstartende Elektroflugzeuge heise.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heise.de Daily Mail and Mail on Sunday newspapers.