The Ever Given stuck in the Suez Canal. The chip shortage. Hundreds of ships lined up in the Pacific Ocean waiting for a parking spot. Americans have been trained to deal with many supply chain disruptions over the past few years, and they may be hit imminently with another whopper: Roughly 45,000 dockworkers at 36…
In 2017, Leonardo da Vinci’s “Salvator Mundi” became the most expensive painting ever sold at auction at $450m. But record-breaking sales like that one are now a distant memory for an industry that’s feeling the pressure of rising prices, interest rates, and inflation, per The Wall Street Journal. Sotheby’s, one of the world’s most famed auction houses, is not…
In the satellite TV equivalent of Godzilla and Kong teaming up against Skar King, DirecTV announced it’s buying longtime rival Dish for $1 in a deal that unites the two providers as they fight to maintain relevance in the age of streaming. The complex deal entails DirecTV buying Dish (and Sling) from its parent company, EchoStar, for…
There are ~10k active satellites currently orbiting Earth— but what happens when they start dropping on us? That’s what the European Space Agency (ESA) hopes to find out with a new project called the Destructive Reentry Assessment Container Object (or DRACO, with that handy acronym explaining why it’s both a “container” and an “object”). This is all in pursuit…