Sabtu, 25 Mei 2019

'Jeopardy!' champ James Holzhauer surpasses $2 million with 27th consecutive win - Fox News

"Jeopardy!" contestant James Holzhauer has marked another major milestone on the game show.

The 34-year-old won Friday’s episode of “Jeopardy!” with a total of $74,400, making it his 27th straight win. Holzhauer's total winnings have now accumulated to $2,065,535.

The professional sports gambler from Las Vegas is the second person in the show’s history to earn more than $2 million in regular-season (non-tournament) play.

James Holzhauer won his 27th consecutive "Jeopardy!" game on Friday. He also became the second person in the show's history to earn more than $2 million in regular-season (non-tournament) play.

James Holzhauer won his 27th consecutive "Jeopardy!" game on Friday. He also became the second person in the show's history to earn more than $2 million in regular-season (non-tournament) play. (Jeopardy Productions, Inc)

‘JEOPARDY’ CHAMP JAMES HOLZHAUER WINS 23RD CONSECUTIVE GAME

The only other player to earn more than $2 million is Ken Jennings, who earned $2,520,700 during a historic 74-game winning streak.

Since Holzhauer started competing on the game show in early April, he has shattered multiple records. He surpassed $1 million in the shortest time ever last month and most notably, he broke the show's record for single-day cash winnings on April 9th's episode.

'JEOPARDY!' CHAMP BREAKS 1-DAY RECORD A SECOND TIME

Before Holzhauer came along, the one-day record was held by Roger Craig on September 19, 2010, when he took home $77,000 in a single game.

What was even more exciting was that Holzhauer’s first record-breaking prize, $110,914, held a special numerical significance — it's his daughter birthday. She was born on November 9, 2014 (11/09/14).

'JEOPARDY!' CONTESTANT SETS NEW SINGLE-GAME CASH WINNINGS RECORD

“I said all along that I wanted to break Roger Craig’s one-game record and I did it,” Holzhauer said.

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https://www.foxnews.com/entertainment/jeopardy-james-holzhauer-2-million-27th-consecutive-win

2019-05-25 10:09:21Z
52780302856371

First American Financial Corp. Leaked Hundreds of Millions of Title Insurance Records - Krebs on Security

The Web site for Fortune 500 real estate title insurance giant First American Financial Corp. [NYSE:FAF] leaked hundreds of millions of documents related to mortgage deals going back to 2003, until notified this week by KrebsOnSecurity. The digitized records — including bank account numbers and statements, mortgage and tax records, Social Security numbers, wire transaction receipts, and drivers license images — were available without authentication to anyone with a Web browser.

First American Financial Corp. Image: Linkedin.

Santa Ana, Calif.-based First American is a leading provider of title insurance and settlement services to the real estate and mortgage industries. It employs some 18,000 people and brought in more than $5.7 billion in 2018.

Earlier this week, KrebsOnSecurity was contacted by a real estate developer in Washington state who said he’d had little luck getting a response from the company about what he found, which was that a portion of its Web site (firstam.com) was leaking tens if not hundreds of millions of records. He said anyone who knew the URL for a valid document at the Web site could view other documents just by modifying a single digit in the link.

And this would potentially include anyone who’s ever been sent a document link via email by First American.

KrebsOnSecurity confirmed the real estate developer’s findings, which indicate that First American’s Web site exposed approximately 885 million files, the earliest dating back more than 16 years. No authentication was required to read the documents.

Many of the exposed files are records of wire transactions with bank account numbers and other information from home or property buyers and sellers. Ben Shoval, the developer who notified KrebsOnSecurity about the data exposure, said that’s because First American is one of the most widely-used companies for real estate title insurance and for closing real estate deals — where both parties to the sale meet in a room and sign stacks of legal documents.

“Closing agencies are supposed to be the only neutral party that doesn’t represent someone else’s interest, and you’re required to have title insurance if you have any kind of mortgage,” Shoval said.

“The title insurance agency collects all kinds of documents from both the buyer and seller, including Social Security numbers, drivers licenses, account statements, and even internal corporate documents if you’re a small business. You give them all kinds of private information and you expect that to stay private.

Shoval shared a document link he’d been given by First American from a recent transaction, which referenced a record number that was nine digits long and dated April 2019. Modifying the document number in his link by numbers in either direction yielded other peoples’ records before or after the same date and time, indicating the document numbers may have been issued sequentially.

The earliest document number available on the site – 000000075 — referenced a real estate transaction from 2003. From there, the dates on the documents get closer to real time with each forward increment in the record number.

A redacted screenshot of one of many millions of sensitive records exposed by First American’s Web site.

As of the morning of May 24, firstam.com was returning documents up to the present day (885,000,000+), including many PDFs and post-dated forms for upcoming real estate closings. By 2 p.m. ET Friday, the company had disabled the site that served the records. It’s not yet clear how long the site remained in its promiscuous state, but archive.org shows documents available from the site dating back to at least March 2017.

First American wouldn’t comment on the overall number of records potentially exposed via their site, or how long those records were publicly available. But a spokesperson for the company did share the following statement:

“First American has learned of a design defect in an application that made possible unauthorized access to customer data.  At First American, security, privacy and confidentiality are of the highest priority and we are committed to protecting our customers’ information. The company took immediate action to address the situation and shut down external access to the application. We are currently evaluating what effect, if any, this had on the security of customer information. We will have no further comment until our internal review is completed.”

I should emphasize that these documents were merely available from First American’s Web site; I do not have any information on whether this fact was known to fraudsters previously, nor do I have any information to suggest the documents were somehow mass-harvested (although a low-and-slow or distributed indexing of this data would not have been difficult for even a novice attacker).

Nevertheless, the information exposed by First American would be a virtual gold mine for phishers and scammers involved in so-called Business Email Compromise (BEC) scams, which often impersonate real estate agents, closing agencies, title and escrow firms in a bid to trick property buyers into wiring funds to fraudsters. According to the FBI, BEC scams are the most costly form of cybercrime today.

Armed with a single link to a First American document, BEC scammers would have an endless supply of very convincing phishing templates to use. A database like this also would give fraudsters a constant feed of new information about upcoming real estate financial transactions — including the email addresses, names and phone numbers of the closing agents and buyers.

As noted in past stories here, these types of data exposures are some of the most common yet preventable. In December 2018, the parent company of Kay Jewelers and Jared Jewelers fixed a weakness in their site that exposed the order information for all of their online customers.

In August 2018, financial industry giant Fiserv Inc. fixed a bug reported by KrebsOnSecurity that exposed personal and financial details of countless customers across hundreds of bank Web sites.

In July 2018, identity theft protection service LifeLock corrected an information disclosure flaw that exposed the email address of millions of subscribers. And in April 2018, PaneraBread.com remedied a weakness exposing millions of customer names, email and physical addresses, birthdays and partial credit card numbers.

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https://krebsonsecurity.com/2019/05/first-american-financial-corp-leaked-hundreds-of-millions-of-title-insurance-records/

2019-05-25 07:18:49Z
52780303078338

First American Financial Corp. Leaked Hundreds of Millions of Title Insurance Records - Krebs on Security

The Web site for Fortune 500 real estate title insurance giant First American Financial Corp. [NYSE:FAF] leaked hundreds of millions of documents related to mortgage deals going back to 2003, until notified this week by KrebsOnSecurity. The digitized records — including bank account numbers and statements, mortgage and tax records, Social Security numbers, wire transaction receipts, and drivers license images — were available without authentication to anyone with a Web browser.

First American Financial Corp. Image: Linkedin.

Santa Ana, Calif.-based First American is a leading provider of title insurance and settlement services to the real estate and mortgage industries. It employs some 18,000 people and brought in more than $5.7 billion in 2018.

Earlier this week, KrebsOnSecurity was contacted by a real estate developer in Washington state who said he’d had little luck getting a response from the company about what he found, which was that a portion of its Web site (firstam.com) was leaking tens if not hundreds of millions of records. He said anyone who knew the URL for a valid document at the Web site could view other documents just by modifying a single digit in the link.

And this would potentially include anyone who’s ever been sent a document link via email by First American.

KrebsOnSecurity confirmed the real estate developer’s findings, which indicate that First American’s Web site exposed approximately 885 million files, the earliest dating back more than 16 years. No authentication was required to read the documents.

Many of the exposed files are records of wire transactions with bank account numbers and other information from home or property buyers and sellers. Ben Shoval, the developer who notified KrebsOnSecurity about the data exposure, said that’s because First American is one of the most widely-used companies for real estate title insurance and for closing real estate deals — where both parties to the sale meet in a room and sign stacks of legal documents.

“Closing agencies are supposed to be the only neutral party that doesn’t represent someone else’s interest, and you’re required to have title insurance if you have any kind of mortgage,” Shoval said.

“The title insurance agency collects all kinds of documents from both the buyer and seller, including Social Security numbers, drivers licenses, account statements, and even internal corporate documents if you’re a small business. You give them all kinds of private information and you expect that to stay private.

Shoval shared a document link he’d been given by First American from a recent transaction, which referenced a record number that was nine digits long and dated April 2019. Modifying the document number in his link by numbers in either direction yielded other peoples’ records before or after the same date and time, indicating the document numbers may have been issued sequentially.

The earliest document number available on the site – 000000075 — referenced a real estate transaction from 2003. From there, the dates on the documents get closer to real time with each forward increment in the record number.

A redacted screenshot of one of many millions of sensitive records exposed by First American’s Web site.

As of the morning of May 24, firstam.com was returning documents up to the present day (885,000,000+), including many PDFs and post-dated forms for upcoming real estate closings. By 2 p.m. ET Friday, the company had disabled the site that served the records. It’s not yet clear how long the site remained in its promiscuous state, but archive.org shows documents available from the site dating back to at least March 2017.

First American wouldn’t comment on the overall number of records potentially exposed via their site, or how long those records were publicly available. But a spokesperson for the company did share the following statement:

“First American has learned of a design defect in an application that made possible unauthorized access to customer data.  At First American, security, privacy and confidentiality are of the highest priority and we are committed to protecting our customers’ information. The company took immediate action to address the situation and shut down external access to the application. We are currently evaluating what effect, if any, this had on the security of customer information. We will have no further comment until our internal review is completed.”

I should emphasize that these documents were merely available from First American’s Web site; I do not have any information on whether this fact was known to fraudsters previously, nor do I have any information to suggest the documents were somehow mass-harvested (although a low-and-slow or distributed indexing of this data would not have been difficult for even a novice attacker).

Nevertheless, the information exposed by First American would be a virtual gold mine for phishers and scammers involved in so-called Business Email Compromise (BEC) scams, which often impersonate real estate agents, closing agencies, title and escrow firms in a bid to trick property buyers into wiring funds to fraudsters. According to the FBI, BEC scams are the most costly form of cybercrime today.

Armed with a single link to a First American document, BEC scammers would have an endless supply of very convincing phishing templates to use. A database like this also would give fraudsters a constant feed of new information about upcoming real estate financial transactions — including the email addresses, names and phone numbers of the closing agents and buyers.

As noted in past stories here, these types of data exposures are some of the most common yet preventable. In December 2018, the parent company of Kay Jewelers and Jared Jewelers fixed a weakness in their site that exposed the order information for all of their online customers.

In August 2018, financial industry giant Fiserv Inc. fixed a bug reported by KrebsOnSecurity that exposed personal and financial details of countless customers across hundreds of bank Web sites.

In July 2018, identity theft protection service LifeLock corrected an information disclosure flaw that exposed the email address of millions of subscribers. And in April 2018, PaneraBread.com remedied a weakness exposing millions of customer names, email and physical addresses, birthdays and partial credit card numbers.

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https://krebsonsecurity.com/2019/05/first-american-financial-corp-leaked-hundreds-of-millions-of-title-insurance-records/

2019-05-25 07:18:45Z
52780303078338

Jumat, 24 Mei 2019

Wall Street gains on trade reprieve ahead of long weekend - Investing.com

© Reuters. Traders work on the floor at the NYSE in New York © Reuters. Traders work on the floor at the NYSE in New York

By Shreyashi Sanyal and Amy Caren Daniel

(Reuters) - U.S. stocks gained on Friday, ahead of a long Memorial day weekend, as investors breathed a sigh of relief after President Donald Trump indicated that the protracted trade war with China could end soon.

Trump said on Thursday that Huawei Technologies Co Ltd could be included in the trade deal. However, no high-level talks have been scheduled since the last round of negotiations in Washington two weeks ago.

The positive news came after a slump in markets on Thursday. The is on pace to end the week 1% lower, which would make it the third straight week of losses for the benchmark index, as markets worried that the trade war would result in a global economic slowdown.

Adding to concerns that the broader economy was slowing, data showed that U.S.-made capital goods fell more than expected in April.

"The positive trade narrative has trumped data today," said Mike Dowdall, investment strategist for BMO Global Asset Management, in Chicago.

"There has been a reversal in sentiment in trade, which has helped stocks bounce back. Markets are watching each small statement that is coming out to decipher broadly where talks are going."

At 11:03 a.m. ET the was up 34.87 points, or 0.14%, at 25,525.34, the S&P 500 was up 2.14 points, or 0.08%, at 2,824.38 and the was up 18.30 points, or 0.24%, at 7,646.58.

Technology shares, that were among the hardest hit this week, rose 0.27%, boosted by gains in chipmaker Intel (NASDAQ:) and iPhone maker Apple Inc (NASDAQ:).

Financials gained 0.29%, as U.S. treasury yields rose for the first time in three days, and gave a lift to markets.

However markets were off their session highs, with traders saying volatile trading and thin volumes were likely as market participants geared up for the long weekend.

Foot Locker (NYSE:) Inc plunged 16.8%, the most on the S&P, after the footwear retailer missed quarterly profit and same-store sales estimates.

Total System Services Inc (NYSE:) jumped 10.6% after Bloomberg reported Global Payments Inc has held preliminary tie-up talks with the payment solutions provider. Global Payments' shares rose 3.0%.

Autodesk Inc (NASDAQ:) fell 5.8% after the software maker reported quarterly earnings below expectations.

Advancing issues outnumbered decliners by a 1.77-to-1 ratio on the NYSE and by a 1.85-to-1 ratio on the Nasdaq.

The S&P index recorded 36 new 52-week highs and 10 new lows, while the Nasdaq recorded 30 new highs and 58 new lows.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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https://www.investing.com/news/stock-market-news/futures-attempt-rebound-after-sharp-selloff-in-previous-session-1878192

2019-05-24 15:34:00Z
CBMieGh0dHBzOi8vd3d3LmludmVzdGluZy5jb20vbmV3cy9zdG9jay1tYXJrZXQtbmV3cy9mdXR1cmVzLWF0dGVtcHQtcmVib3VuZC1hZnRlci1zaGFycC1zZWxsb2ZmLWluLXByZXZpb3VzLXNlc3Npb24tMTg3ODE5MtIBAA

SpaceX's first 60 Starlink broadband satellites deployed in orbit - Spaceflight Now

A SpaceX Falcon 9 rocket lifts off Thursday night from pad 40 at Cape Canaveral Air Force Station, Florida. Credit: SpaceX

SpaceX successfully delivered the first 60 members of the company’s Starlink broadband satellite fleet to orbit Thursday night after a launch from Cape Canaveral.

The 60 small satellites, each with a flat-panel design and built by an in-house SpaceX team, will be joined by hundreds more Starlink craft over the next year to fill out the network’s preliminary constellation. Eventually, SpaceX says thousands of Starlink satellites may be launched to provide high-speed Internet services to consumers around the world.

Thursday night’s launch from Cape Canaveral was the first mission dedicated to the multibillion-dollar Starlink project.

“This is one of the hardest engineering projects I’ve ever seen done, and it’s been executed really well,” said Elon Musk, SpaceX’s founder and CEO, during a press briefing last week. “There is a lot of new technology here, and it’s possible that some of these satellites may not work, and in fact a small possibility that all the satellites will not work.

“We don’t want to count anything until it’s hatched, but these are, I think, a great design and we’ve done everything we can to maximize the probability of success,” he said.

A 229-foot-tall (70-meter) Falcon 9 rocket took off from Cape Canaveral’s Complex 40 launch pad at 10:30 p.m. EDT Thursday (0230 GMT Friday) to begin the journey into orbit atop 1.7 million pounds of thrust from nine Merlin main engines.

SpaceX tried to launch the mission twice last week, but unfavorable upper level winds forced the team to call off one launch attempt. Then SpaceX scrubbed another countdown the next day to allow time for engineers to update the software on the Starlink satellites, delaying the mission by a week.

Heading northeast from Florida’s Space Coast, the launcher’s first stage finished its job on the mission in two-and-a-half minutes, then separated and accomplished an on-target propulsive landing on SpaceX’s drone ship in the Atlantic Ocean.

The landing punctuated the booster’s third flight, following successful launches and recoveries last September and in January. SpaceX could refurbish and reuse the rocket again.

Recovery teams in the Atlantic also retrieved the two-part nose cone from the Falcon 9 rocket, which fell into the sea under parachutes. SpaceX has not yet re-flown a payload fairing.

The Falcon 9’s second stage engine shut down just shy the flight’s nine-minute point, and the rocket coasted across the Atlantic, over Europe and the Middle East, then reignited its Merlin engine for a brief maneuver to nudge the Starlink satellites into a targeted orbit 273 miles (440 kilometers) above Earth.

The rocket commanded release of the 60 Starlink satellites, each weighing around 500 pounds (227 kilograms), at 11:32 p.m. EDT (0332 GMT) as the launcher soared over a ground station in Tasmania. Live video transmitted through the tracking station showed the satellites flying free of the Falcon 9’s second stage, backdropped by the curvature of the Earth.

Stacked together inside the payload shroud of the Falcon 9 rocket, the 60 satellites weighed 15 tons (13,620 kilograms), making the cargo on Thursday night’s launch the heaviest ever lofted into orbit by SpaceX. The new mass record bested the weight of SpaceX’s fully-fueled Crew Dragon spacecraft, which launched March 2 on an unpiloted test flight to the International Space Station.

Musk described the unique Starlink separation scheme in a pre-launch press briefing.

“It will be a little bit different looking deployment than people are used to,” Musk told reporters last week. “It’s going to be a very slow deployment where we rotate the stage, and each of the satellites on the stack has a slightly different amount of rotational inertia.”

Live video from a camera on-board the upper stage showed the rocket begin a spin maneuver just before the deployment. The 60 flat-panel satellites separated in a clump, instead of one-at-a-time or in pairs, as spacecraft often do when releasing from the launch vehicle.

“So there’s not actually a spring-based or specific deployment mechanism per satellite,” Musk said. The satellites will kind of be deployed, it’s almost like spreading a deck of cards on a table. This will be kind of weird compared to normal satellite deployments.”

The Starlink satellites could be seen slowly dispersing soon after separating from the Falcon 9, before SpaceX ended its live webcast of the mission. The upper stage later conducted a deorbit burn to drop back into the atmosphere and burn up.

Musk tweeted after Thursday night’s launch that all 60 Starlink satellites were “online.” He said the satellites were expected to extend their power-generating solar panels and activate their ion thrusters within a few hours.

Each satellite carries a krypton ion propulsion system and Ku-band antennas to continue in-orbit demonstrations of SpaceX’s planned broadband network, which may eventually number up to 12,000 small relay stations in low Earth orbit.

Future Starlink satellites will carry Ka-band and V-band radio transmission hardware, along with laser inter-satellite links to allow signals to bounce between spacecraft in orbit, rather than going through a ground station.

Each Starlink spacecraft has a flat-panel design with four high-throughput phased array antennas and a single solar array, according to information released by SpaceX. The company built the satellites at a new facility in Redmond, Washington.

SpaceX says the Starlink satellites are the first to use krypton-fueled ion thrusters. The propulsion system ionizes the krypton gas and uses electricity to accelerate the atoms out the back of the engine to produce a low level of thrust.

Ion thrusters provide a more fuel-efficient form of propulsion than conventional liquid propellants, but most satellites that use ion propulsion consume xenon gas. Krypton is less expensive than xenon, but offers lower thrust efficiency, according to a 2011 paper presented by U.S. Air Force and satellite industry engineers.

The satellites also have computer smarts allowing the craft to autonomously avoid collisions with other objects in space.

Proposals by SpaceX and other would-be commercial broadband providers planning to launch thousands of new satellites into orbit have raised questions about traffic management. SpaceX originally intended to launch the first batch of Starlink satellites to a higher 741-mile-high (1,150-kilometer) orbit, but the company requested authority from the Federal Communications Commission last year to begin operating the network at a lower altitude.

The FCC approved the request last month.

Artist’s concept of a Starlink satellite with its solar array wing unfurled. Credit: SpaceX

SpaceX officials said the lower operating altitude for the first Starlink satellites will help assuage space debris concerns. If a Starlink relay station in the lower orbit fails, atmospheric drag will bring the satellite back to Earth within about five years.

“Additionally, 95 percent of all components of this design will quickly burn in Earth’s atmosphere at the end of each satellite’s life cycle — exceeding all current safety standards — with future iterative designs moving to complete disintegration,” SpaceX said in the press kit on the Starlink mission.

SpaceX launched two Starlink test satellites as piggyback payloads on a Falcon 9 launch last year, but the craft launched Thursday night are lighter and use a different design.

Using their krypton thrusters, the new Starlink satellites will climb into higher orbits 341 miles (550 kilometers) above Earth, at an inclination of 53 degrees to the equator.

Past initiatives to create an expansive communications satellite network in low Earth orbit, a regime a few hundred miles above Earth, have met technical and financial headwinds. Traditional communications satellites fly in higher geostationary orbits more than 22,000 miles (nearly 36,000 kilometers) above the equator, with a single spacecraft covering a wide geographic region.

In lower orbits, the Starlink satellites will bounce signals from user-to-user via an intricate web of radio connections through ground stations, and eventually through the inter-satellite laser cross-links.

“The goal of the Starlink system is to provide high bandwidth, low latency connectivity, ideally throughout the world provided we get regulatory approval, and this would provide connectivity to people that don’t have any connectivity today, or where it’s extremely expensive and unreliable as well as providing options for people who may have connectivity today in developed areas of the world but it’s very expensive,” Musk said. “This will provide a competitive option for them.”

Starlink is one of several companies working on constellations of small broadband satellites in low Earth orbit. Backed by a roster of international investors, including Japan’s SoftBank Group, OneWeb launched its first six satellites in February on a Soyuz rocket, with plans to send hundreds more into orbit over the next two years, and Amazon says it plans to build a network consisting of thousands of satellites for Internet service.

“There’s a lot of fundamental goodness about Starlink,” he said. “We just want to make sure the appropriate caveats are there. There’s a lot of technology, this is very hard, and quite frankly in the past, the success of low-Earth orbit communications constellations, I believe none have successfully gone into operation without going bankrupt.”


Spaceflight Now members can read a transcript of the May 15 press call with Elon Musk. Become a member today and support our coverage.

SpaceX has secured regulatory approval from the Federal Communications Commission for nearly 12,000 Starlink satellites broadcasting in Ku-band, Ka-band and V-band frequencies, with groups of spacecraft positioned at different altitudes and in various planes in low Earth orbit. But the early focus is on launching hundreds of the satellites to establish a network that covers most of the world’s population.

“It’s important to distinguish between initial operational capability, which is around the 400-satellite level, and then significant operational capability is around 800-satellite level, and thereafter, it’s about adding more and more satellites and more orbital planes of satellites as we get more usage of the system and we get bandwidth constrained,” Musk said. “One does not need anywhere near 10,000 satellites to be effective. … We’ll start selling service initial around the 400th satellite launch and then make sure our production and launch of satellites stays ahead of user demand.”

If there’s demand, SpaceX could scale up the network to reach the 12,000-satellite threshold.

After the first Starlink launch, SpaceX plans between two and six additional Starlink missions later this year to begin building out the first phase of the network in orbit 341 miles above Earth, according to Gwynne Shotwell, SpaceX’s president and chief operating officer.

SpaceX debuted a new Starlink website soon after Thursday night’s launch. According to the website, the Starlink system will provide broadband service over the latitudes of the northern United States and Canada after six additional launches. After 24 launches, the network should cover the populated world.

Musk said the user terminal consumers will use to connect with the Starlink network is a flat antenna — about the size of a small or medium pizza — that is relatively simple to set up. He did not say how much the user terminal will cost, or disclose the expected price of a subscription to Starlink’s broadband service.

In addition to consumer-scale broadband, the Starlink network could help large telecom operators in rural areas. Airplanes and ships are also prime markets for Starlink.

“We think this could be really helpful to telcos (telecom operators) by providing connectivity that they need for the most difficult to serve customers, as well as providing data backhaul services so that a telco could put down a 5G cell tower somewhere instead of digging a fiber trench over potentially hundreds of miles,” Musk said. “That 5G cell tower could do data backhaul through our satellite system.”

Musk said SpaceX has enough money to get the privately-funded Starlink system operational. A filing with the Securities and Exchange Commission last month showed SpaceX had raised $44 million in a $400 million fundraising round, and a filing in January showed SpaceX had raised $273 million of a planned $500 million in an earlier round.

But Musk told reporters last week that SpaceX’s funding rounds have been “oversubscribed,” and suggested the information contained in the regulatory filings was “out-of-date.”

“This is obviously a multibillion-dollar endeavor,” Musk said. “So we’ve got the cash flow that we generate from our normal launch operations, launching commercial satellites and launching Dragon to the space station, that kind of thing, as well as capital that we have raised. At this point, it looks like we have sufficient capital to get to an operational level, but of course, if things go wrong and there are unexpected issues, we will need to raise more capital in that situation.”

Tim Farrar, a satellite and telecommunications industry consultant, said the first launches for the SpaceX and OneWeb broadband networks puts pressure on other players.

“We’re going to be involved in a race between SpaceX and OneWeb to launch as many satellites as possible,” Farrar said in an interview with Spaceflight Now before the Starlink launch. “It sort of limits the opportunities for other constellations like Telesat to find partners and raise money, unless they’re going find some deal with Jeff Bezos and Amazon.

“OneWeb was talking … about launching as many 100 satellites by the end of this year or early next year. SpaceX is talking about having multiple additional launches over the next six to 12 months,” said Farrar, president of TMF Associates, a consulting firm in Menlo Park, California. “At that point you do have a question … Is there room for another player that’s going to take a couple of years before they can even launch any more satellites?”

For Musk, the Starlink system is not only a business opportunity. It could also offer a potential revenue stream for SpaceX to pay for costly rocket development projects, such as the company’s Starship and Super Heavy vehicles, which Musk envisions as a reusable multi-purpose vehicle for huge satellite launches and interplanetary voyages with cargo and people.

“We see this as a way for SpaceX to generate revenue that can be used to develop more and more advanced rockets and spaceships, and we think this is a key stepping stone on the way toward establishing a self-sustaining on Mars and a base on the moon,” Musk said. “We believe we can use the revenue from Starlink to fund Starship.”

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Follow Stephen Clark on Twitter: @StephenClark1.

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https://spaceflightnow.com/2019/05/24/spacexs-first-60-starlink-broadband-satellites-deployed-in-orbit/

2019-05-24 14:23:57Z
52780301071974

Maersk blames Trump's China tariffs for weaker global trade - Business Insider

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  1. Maersk blames Trump's China tariffs for weaker global trade  Business Insider
  2. The world's largest shipping firm warns of 'considerable uncertainties' as trade tensions rise  CNBC
  3. Maersk Shares Tank After CEO Talks to Analysts About Trade War  Bloomberg
  4. Maersk Shares Sink After CEO Talks to Analysts About Trade War  Yahoo Canada Finance
  5. View full coverage on Google News

https://www.businessinsider.com/maersk-blames-trump-us-china-trade-war-tariffs-weaker-trade-2019-5

2019-05-24 14:21:24Z
52780302681087

Memorial Day deals for veterans and military members - Fox Business

As Memorial Day approaches, veterans and members of the military can take advantage of the freebies and deals some companies are offering.

Continue Reading Below

Here are some of the options available this weekend.

Outback Steakhouse is offering 20 percent off a meal for first responders, police officers, firefighters and members of the military. To receive the discount, the restaurant asks for a state or federal ID. The restaurant's offer is good from May 23 to Memorial Day.

Hooters is giving out a free entrée to veterans and active service members. The restaurant just asks for a military ID in order to be eligible for the free meal on Memorial Day.

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Applebee’s is offering 15 percent off meals for members of the military and veterans throughout the entire month of May.

Logan’s Roadhouse is offering military members and veterans a free meal on Memorial Day from 3 p.m. to 6 p.m.

Besides restaurants offering deals, some retailers are also offering discounts to those have served.

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Lowe’s is offering 10 percent off purchases for active military members and veterans.

Home Depot is giving all veterans a 10 percent discount on Memorial Day. The retailer offers a year-round, 10 percent discount to active military members.

Bass Pro Shops, meantime, offers a 5 percent discount to military members every day.

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https://www.foxbusiness.com/features/memorial-day-freebies-and-discounts-for-veterans-and-members-of-military

2019-05-24 13:26:02Z
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