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Geomagnetic Storm Destroys 40 New SpaceX Satellites in Orbit

The geomagnetic incident resulted in the Starlink transmitters drifting back into Earth’s atmosphere, where they will burn up, potentially costing the company about $100 million.  » mehr lesen

Fed nominees commit to not taking part in finance’s revolving door.

Three Federal Reserve picks said that they won’t work in finance for years if they are confirmed to central bank positions.  » mehr lesen

After retail investors’ rebellion, the S.E.C. wants a stock market makeover.

The agency is proposing to cut in half the time required to complete stock trades.  » mehr lesen

Uber Says It’s Bouncing Back From Pandemic In Earnings Report

Revenue in the last three months of 2021 was up 83 percent from a year earlier, the company reported.  » mehr lesen

San Francisco Museum of Modern Art Names New Director

Christopher Bedford, the leader and sometimes lightning rod at the Baltimore Museum of Art, will fill the position left by Neal Benezra, who resigned a year ago.  » mehr lesen

InStyle and Others Owned by Barry Diller’s Group to End Print Editions

Six titles owned by Dotdash Meredith will become digital-only publications as the company tries “embracing the inevitable digital future.”  » mehr lesen

Economist Susan M. Collins Will Lead Boston Fed

She will replace Eric S. Rosengren, who retired as the Boston Fed’s president last year.  » mehr lesen

The Real Reason America Doesn’t Have Enough Truck Drivers

A 1,000-mile journey through the middle of America reveals the fundamental reason for truck driver shortages: It is a job full of stress, physical deprivation and loneliness.  » mehr lesen

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