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Both the Federal Bureau of Investigation (FBI) and the Department of Homeland Security (DHS) have admitted in sworn testimony to the government purchase of drones manufactured in China. The Washington Examiner reports that the admission was made by two officials who testified before the Senate Homeland Security Committee on Thursday. Brad Wiegmann, deputy assistant attorney general for the Department of Justice’s (DOJ) National Security Division, admitted that the FBI is purchasing and putting to use drones that have been manufactured by Shenzhen DJI Sciences and Technologies (DJI). Wiegmann was facing questions from Senator Rob Portman (R-Ohio), who said that he...

RUSH: They’re Chinese-made drones, and the data collected by these drones is going back to China, and New Jersey is bragging about it. Well, you want to hear the sound bite? Grab sound bite number 2. This ran on MSNBC, where they’re ecstatic about this. The correspondent is Rehema Ellis, a report about Elizabeth, New Jersey, using drones to monitor its citizens’ social distancing. And you’ll hear the mayor of Elizabeth on this sound bite as well. ELLIS: Elizabeth, New Jersey, is now using drones to spread the lifesaving message. The mayor hopes the drones message will reinforce the CDC...

Chinese company Da Jiang Innovations, the world’s largest maker of drones, has donated drones to 43 law enforcement agencies operating in 22 U.S. states to enforce social distancing rules. Police in Elizabeth, N.J., for example, are using the drones to surveil residents in places where patrol cars can’t easily reach, such as spaces between buildings and back yards. Top articles 4/5 READ MORE America Can’t Face China Alone “If these drones save one life, it is clearly worth the activity and the information that the drones are sending,” Elizabeth mayor Chris Bollwage told MSNBC. In 2017, the U.S. Department of...

Chinese drone maker DJI is offering up to one million yuan (£112,000) for information about drones that disrupted scores of flights at a Chinese airport. On four days this month - 14, 17, 18 and 21 - drones were blamed for stranding thousands of passengers at Chengdu Shuangliu International. Chinese reports said they caused 60 flight interruptions on 21 April alone. The bounty was a sign that the firm was taking the potential impact on its reputation seriously, suggested Prof David Dunn at the University of Birmingham. "Clearly they're concerned about their brand image, given how much they dominate the...

Dow Opens With Triple-Digit Loss NEW YORK (TheStreet) -- The Dow Jones Industrial Average opened with a triple-digit loss Thursday as initial weekly initial jobless claims unexpectedly rose to 471,000 and eurozone uncertainties continued to roil through the global economy. The Dow was down by 177 points, or 1.7%, to 10,267. The S&P 500 was losing 20 points, or 1.8%, at 1095 and the Nasdaq was off by 49 points, or 2.1%, at 2250.

When measured in ounces of Gold, the DOW has been in a secular bear market since peaking in late 1999. Back in 1999, it took 45 ounces of gold to buy the DJIA. Today it only takes 12.33 ounces of gold to buy the DOW! Cutting the Fed Funds target rate from 6.50% in January 2001 to 1.0% in June 2003 may have inflated the US stock market out of its bear market when priced in dollars but it had consequences that we are feeling today.

Soaring oil prices continued to pummel the stock market and hack away at investors' hopes for a resumption of the rally that had carried equities well off the lows seen during the worst of the credit crisis earlier this year. The Dow Jones Industrial Average, which plunged nearly 200 points Tuesday, shed another 227.49 points on Wednesday, falling 1.8% to 12601.19, off 5% on the year. All 30 of its components finished in the red. The two-day slide was the Dow's worst in nearly three months. Crude futures surged to a fourth straight record, up $4.19, or 3.3%, to $133.17...

The Dow Jones Industrial Average, which was up 60 points at its intraday high, ended down 76.08 points, or 0.6%, at 13231.01. The declined marked an unimpressive followup to Tuesday's delirious 319.54-point rally and served as a reminder of the previous four-day selloff. Traders said Wednesday's selling demonstrated that investors still harbor deep fears about how several aspects of the U.S. economy will shape up in the months ahead, especially consumer spending, which boosts many companies' profits. One troubling sign for everyday Americans resurfaced Wednesday. Crude oil, which fell in each of the last two sessions, took off again on...

Wall Street ends higher on tech optimism Mon Oct 22, 4:06 PM ET NEW YORK (Reuters) - Stocks finished higher on Monday, rebounding from last week's sharp sell-off as investors piled into technology shares ahead of Apple's (AAPL.O) quarterly earnings. The Dow Jones industrial average (.DJI) was up 45.12 points, or 0.33 percent, to end unofficially at 13,567.14. The Standard & Poor's 500 Index (.SPX) was up 5.71 points, or 0.38 percent, to finish unofficially at 1,506.34. The Nasdaq Composite Index (.IXIC) was up 28.77 points, or 1.06 percent, to close unofficially at 2,753.93.

Amidst all the pessimism about the American strategy-shift in Iraq, world financial markets seem to be voting for President Bush and his plan — not against. On the days immediately preceding the president's speech, as its contents were leaking out, oil prices were plunging and stock prices were rising. And right after the speech, when the contents of the Iraq plan were clear, guess what? Oil prices continued to fall and share prices hit record highs. ...Of course, there are a lot of factors driving these markets. Corporate profits are strong. Productivity is high. Inflation and interest rates are low....