pentagon

Pentagon misused $150 million dollars to try to revive Afghanistan’s economy

The Special Inspector General for Afghanistan Reconstruction set out by the Congress alleged the Task Force Business Stability Operations for misusing $150 million to revive Afghanistan’s economy.

US, China to roll out 'Space Hotline' to avoid conflicts

The US and China have set up a 'Space Hotline' for avoiding possible warfare and misunderstanding in satellite operations. The US has previously established Space Hotline with Russia since Cold War days. The objective of establishing Space Hotline is to exchange of information directly.

Boeing KC-46A first flight is on Sept.25 according to U.S. Air Force

After a month-long delay in flight due to chemical mix up, the Boeing KC-46A will take its first flight on Sept. 25, as announced by U.S. Air Force. The aircraft tanker will refuel other aircrafts while on flight.

Aerojet Rocketdyne Offers United Launch Alliance $2 Billion

Aerojet Rocketdyne Holdings Inc made a $2 billion bid to United Launch Alliance, which is the prime spacecraft launch service provider of Pentagon.

Oshkosh wins $6.75B defense contract to build Humvee replacement

Oshkosh wins bid to manufacture JLTVs for $6.75B. The US Department of Defense has been looking for a replacement of the Humvee a short time after the war in Iraq became deadly in 2004.

US drone flights to increase by 50% over next four years

The US military is boosting its capability to deal with growing global security threats by increasing the number of its drone flights. The expansion, which comes with increased capacity for lethal strikes, will unfold over the next four years.

Latest Stories

Don’t Sweat the Bills: Resources to Help You Pay for Utilities

The most recent data from the Consumer Price Index shows that, from March 2023 to March 2024, the index for electricity increased by 5%, which is more than economists would want to see. (Electricity rates increased by 0.9% from February to March 2024.)

Social Security 2025: Cost-of-Living-Adjustment Increased to 3.2%, But Will It Keep Up?

After the government announced that April inflation was in line with experts' predictions, the most recent estimate of Social Security's cost-of-living adjustment 2025 increased to 3.2%, according to new figures released on Wednesday.

Real Estate Not Stocks Give the Greatest Long-Term Investment, Survey Shows

According to a recent Gallup poll, even though the majority of Americans have money stashed away in the stock market, they don't think it makes the greatest long-term investment. What then is it?

Hong Kong's Status as an International Financial Center at Crossroads

Hong Kong lost its status as a global financial hub amidst shifting rankings and regulatory hurdles. Read the implications of China's tightening grip and cross-border capital flow uncertainties.

Are Meme Stocks a Risky Bet or a Chance for Big Gains?

Tuesday saw a spike in the value of several "meme stocks," or businesses whose valuation is driven more by social media talk than by more conventional economic factors like growth and profitability.

Must Read

Hong Kong's Financial Status Plummets EUI from Fourth to Ninth Place Amidst Global Rankings and China's Grip

Hong Kong's business ecosystem has caused the EIU to downgrade it to ninth place and the Global Financial Centers Index to rank it fourth.

Heat Wave Hack: How to Keep Your Home Cool Without Breaking the Bank

You could find yourself rushing to lower the thermostat's setting more frequently if scorching temperatures are predicted.

US Cites "Spying Concerns" in Banning Chinese Crypto Miner Near Nuclear Base

Citing fears about espionage, US President Joe Biden has ordered a Chinese-owned bitcoin miner and its partners to sell land they hold close to a US nuclear missile station.

Can Taxing the Rich Save Social Security?

Due to a budget deficit, Social Security may not be able to provide retired Americans with their full payments in around ten years.

Trump Allies Gather as Cohen Testifies on 'Hush Money' Allegations

House Speaker Mike Johnson was among a group of close Republican allies of Donald Trump who showed up in the Manhattan criminal courthouse on Tuesday to express support for the former president while his attorneys tried to discredit the key witness in the "hush money" trial.

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