|Oil slump cuts U.S. economy by 0.7%|
Decline in oil exploration and mining activity in the U.S. cut economic growth by 0.7 percent in the second quarter, a sizable chunk for an economy that grew 2.3 percent.
|U.S. want to regain the lead on supercomputer|
President Barack Obama signed an executive order on July 29 launching the effort through the National Strategic Computing Initiative (NSCI). This most cutting-edge computers and could exceed China’s achievements to become the world’s most powerful computer.
|U.S. Manufacturing Index down|
Exports are contracting, partly because a strong dollar makes U.S. goods more expensive. Hiring slowed at U.S. factories last month, but production and new orders rose.
|Forum to combat currency manipulation|
Critics of the TPP blamed currency manipulation by China and Japan for those nations' respective trade surpluses with the U.S., and Democrats touted legislation earlier this year that included penalties for nations accused of manipulating currency.
|Business riding on drones to save cost|
“From inspecting pipelines and surveying bridges to filming movies and providing farmers with aerial views of their crops, the applications of UAS are virtually limitless and offer a superior way to see what needs to be seen, in less time and at less expense.”
|3D printing can improve internal structure for buildings|
A matrix weighing 2.5 pounds and complemented with spray foam, for example, can support nearly 3,000 pounds, and the process could reportedly reduce construction costs from thousands of dollars per square foot to as little as $80.
|FED repeatly warn of a rate hike this year|
Describing the job market, the Fed for the first time pointed to "solid" job gains. In addition, the Fed said it needs to see only "some further" improvement in hiring, rather than the "further" improvement it said last time — a hint that the job market is nearing full health.
|Intel/Micron announced new memory 1000 times faster than NAND|
If the memory lives up to its promise of being up to 1000 times faster than NAND flash and eight to 10 times denser than DRAM, and therefore lower cost, it could bring a major transformation in the electronics industry and to computer architectures for data centres and with possible application in solid-state drives (SSDs).
|DRAM slumps on PC while NAND continue to grow|
With the DRAM market for PCs sluggish, SK Hynix said it will increase its focus on high-performance memory chips by expanding production on DDR4, LPDDR4 and NAND flash for mobile and SSDs, as well as 10nm triple level cell (TLC) NAND flash memory chips and its second-generation 3D product.