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Jeff Bezos’s rocket dream takes a big step

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Amazon has altered its plans for launching its first set of prototype internet satellites to prevent further delays in their deployment.

The company intends to launch these satellites, which are part of its Kuiper program aiming to provide global internet coverage from space, on a dedicated Atlas V rocket from the United Launch Alliance (ULA), a joint venture between Boeing and Lockheed.

The launch is scheduled for September 26. Initially, Amazon had planned to use ULA’s new Vulcan rocket for the launch, but Vulcan faced testing challenges that pushed its launch date to the fourth quarter of 2023.

To meet regulatory deadlines and deploy half of its planned 3,200 satellites by 2026, Amazon decided to switch rockets once again.

The move is part of Amazon’s effort to compete with SpaceX’s Starlink network by investing $10 billion into its satellite internet initiative.

Amazon secured 83 launches for deploying its satellites, with nine of them utilizing the Atlas V rocket, which has a proven track record in space missions.

The Atlas V rocket has been ULA’s workhorse launcher, involved in launching satellites for various purposes, including multibillion dollar science missions for NASA and critical national security missions for the Pentagon. ULA had discontinued the sale of the Atlas V in 2021 and has 19 more missions planned before the rocket’s retirement.

This particular launch planned for September remains uncertain if it’s included in the nine that Amazon had previously procured.

The decision showcases Amazon’s determination to establish itself in the satellite internet market, pledging significant investment to rival established networks.

As Amazon navigates through these changes, it aims to stay competitive in this fast-evolving sector while addressing the challenges and opportunities of satellite-based internet coverage.

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Tech giants drive global mega-cap surge amid inflation relief

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Tech giants have taken the lead in propelling global mega-cap stocks to new heights.

This surge comes as a welcome relief for investors who have been closely monitoring the impact of rising inflation on the financial markets.

The tech sector, including giants like Apple, Amazon, and Microsoft, has been instrumental in driving the rally. These companies have reported robust earnings and strong growth prospects, which has boosted investor confidence. As a result, the market capitalization of these tech behemoths has reached unprecedented levels, contributing significantly to the overall rise in global mega-cap stocks.

The easing of inflationary pressures has played a pivotal role in this resurgence. Central banks’ efforts to tame inflation through monetary policy adjustments have begun to bear fruit, reassuring investors and stabilizing financial markets. As concerns over rapidly increasing prices recede, investors have become more willing to invest in mega-cap stocks, particularly in the tech sector, which has demonstrated resilience in the face of economic challenges.

Will the tech giants maintain their momentum and continue to lead the mega-cap surge, or are there potential risks on the horizon?

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Real reason bosses want employers back in the office

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As the world gradually recovers from the pandemic, employers are increasingly pushing for their staff to return to the office after years of remote work.

 
The driving force behind this push is the sharp decline in commercial property values, which has left many businesses concerned about their real estate investments.

Commercial property values have plunged in the wake of the pandemic, with many companies downsizing or reconsidering their office space needs.

This has put pressure on employers to reevaluate their remote work policies and encourage employees to return to the office. #featured

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Businesses cash in on Black Friday sales

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Black Friday, the annual shopping frenzy, has become a global phenomenon rooted in economic strategies.

 
Retailers deploy various tactics to lure consumers, creating a win-win scenario for both shoppers and businesses.

The concept of Black Friday traces its roots to the United States, where it marks the beginning of the holiday shopping season. Retailers offer significant discounts on a wide range of products to attract a massive customer influx. This strategy, known as loss leader pricing, involves selling a few products at a loss to entice customers into stores, hoping they will buy other items at regular prices.

Retailers also employ the scarcity principle by advertising limited-time offers and doorbuster deals. This sense of urgency compels consumers to make quick decisions, boosting sales.

Furthermore, online shopping has revolutionized Black Friday economics. E-commerce giants use data analytics to customize deals, targeting individual preferences. Cyber Monday, the digital counterpart to Black Friday, capitalizes on the convenience of online shopping. #featured

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