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Amazon Prime Air Gets FAA Approval To Test Delivery Drones

Amazon Prime Air, the company’s special service delivering packages in 30 minutes or less, has been approved by the Federal Aviation Administration to test delivering orders using autonomous drones.
  • 1 min Read

By Reuters

(Reuters) – Amazon.com Inc’s drone service has received federal approval that will allow the company to begin testing commercial deliveries through its drone fleet, the e-commerce giant said on Monday.

Amazon Prime Air, the company’s special service delivering packages in 30 minutes or less, has been approved by the U.S. Federal Aviation Administration (FAA) to test delivering orders using autonomous drones.

The company joins Alphabet Inc’s unit Wing and United Parcel Service Inc to receive FAA approval for drone delivery, while other smaller companies are still seeking approval.

Reporting by Nilanjana Basu and Neha Malara in Bengaluru; Editing by Sriraj Kalluvila.

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Source: Reuters

Everything an Investor Needs to Know About The Petrodollar and, Um, The Petroyuan

The implications of the dollar potentially losing its status as the global reserve are numerous. Obviously, there may be currency risks, and decreased demand for U.S. Treasuries could lead to rising interest rates. I would also expect to see massive commodity price swings.

Recession Odds Rising (Plus: Jay Powell, Meet Sal Dali)

Many of us economy-watchers have been expecting recession, though with significant differences on odds and timing. Regardless, recent banking developments just made recession more likely and may have accelerated its onset.

Don’t Get Mad; Get Smarter About Position Sizing

Many people think of position size in terms of how many shares they own of a particular stock. But it’s much smarter to think of it in terms of what percentage of your total capital is in a particular stock.

Everything an Investor Needs to Know About The Petrodollar and, Um, The Petroyuan

  • 4 min Read 
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