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The $141 Billion Nuclear Missile, Unemployment Rises and French Election Results
Anna Eisenberg
July 07, 2024
Anna's Daybreak News
Monday, 5:16 AM
July 8, 2024
Good morning news friend! Keep up with the latest updates, staying informed about the rapidly changing news events. 📰🌟
Air Force's New $141 Billion Nuclear Missile
The cost of the US Air Force’s new Sentinel intercontinental ballistic missile surged by 81%, now reaching $141 billion. Northrop Grumman manages the program, aiming to modernize the US nuclear force.
The new cost estimates each missile priced at $214 million, up from $118 million.
The escalating costs include over 400 new launch facilities and extensive fiber-optic networks. A review also stated the missile’s service start will be delayed to 2032.
This spike is a setback for the Sentinel. The Pentagon is now evaluating the long-term budget impacts and construction costs.
Source: Read More
The cost of the US Air Force’s new Sentinel intercontinental ballistic missile surged by 81%, now reaching $141 billion. Northrop Grumman manages the program, aiming to modernize the US nuclear force.
The new cost estimates each missile priced at $214 million, up from $118 million.
The escalating costs include over 400 new launch facilities and extensive fiber-optic networks. A review also stated the missile’s service start will be delayed to 2032.
This spike is a setback for the Sentinel. The Pentagon is now evaluating the long-term budget impacts and construction costs.
Source: Read More
Labor Market Slows as Unemployment Rises
In June, employers added 206,000 jobs. Despite this, the unemployment rate climbed to 4.1%, the highest since November 2021.
Government and healthcare sectors accounted for three-quarters of the new jobs. Private sector growth was weaker, adding only 136,000 jobs. Construction jobs increased, but retail and manufacturing sectors saw losses.
Revisions to previous data showed 111,000 fewer jobs created in April and May than initially reported. Wages grew at their slowest pace in three years.
Meanwhile, the labor force grew by 277,000 people.
Source: Read More
In June, employers added 206,000 jobs. Despite this, the unemployment rate climbed to 4.1%, the highest since November 2021.
Government and healthcare sectors accounted for three-quarters of the new jobs. Private sector growth was weaker, adding only 136,000 jobs. Construction jobs increased, but retail and manufacturing sectors saw losses.
Revisions to previous data showed 111,000 fewer jobs created in April and May than initially reported. Wages grew at their slowest pace in three years.
Meanwhile, the labor force grew by 277,000 people.
Source: Read More
Do you think the US will be able to avoid a recession? |
$1.4 Billion in Crypto Stolen in First Half of 2024
Crypto thefts have more than doubled in the first half of 2024, surpassing $1.4 billion. This increased from $657 million in the same period last year.
There was a surge in high-value attacks. The median theft size has grown by 1.5 times compared to 2023.
One major breach involved Japan's DMM Bitcoin exchange, where hackers stole $308 million worth of Bitcoin.
Phishing schemes, contract exploits, private key leaks and address poisoning were prevalent attack strategies.
Source: Read More
Crypto thefts have more than doubled in the first half of 2024, surpassing $1.4 billion. This increased from $657 million in the same period last year.
There was a surge in high-value attacks. The median theft size has grown by 1.5 times compared to 2023.
One major breach involved Japan's DMM Bitcoin exchange, where hackers stole $308 million worth of Bitcoin.
Phishing schemes, contract exploits, private key leaks and address poisoning were prevalent attack strategies.
Source: Read More
French Elections: Left Triumphs but Faces Uncertainty
A leftist coalition won the most seats in the French legislative elections. They defeated the far right but did not secure a majority.
Voters gave the coalition, led by Jean-Luc Mélenchon, 182 seats. President Emmanuel Macron's centrist party came in second with 168 seats. Marine Le Pen's right-wing party secured 143 seats.
No party reached the 289 seats needed for a majority, creating a hung parliament.
Prime Minister Gabriel Attal announced he will resign. Macron may have to negotiate with moderate left parties or even appoint an expert government.
Source: Read More
A leftist coalition won the most seats in the French legislative elections. They defeated the far right but did not secure a majority.
Voters gave the coalition, led by Jean-Luc Mélenchon, 182 seats. President Emmanuel Macron's centrist party came in second with 168 seats. Marine Le Pen's right-wing party secured 143 seats.
No party reached the 289 seats needed for a majority, creating a hung parliament.
Prime Minister Gabriel Attal announced he will resign. Macron may have to negotiate with moderate left parties or even appoint an expert government.
Source: Read More
Baked with love,
Anna Eisenberg ❤️
What did you think of today's edition? |