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Microsoft aims to challenge Amazon in offering a service that connects satellites directly to the company’s cloud computing network, according to documents the company filed with the Federal Communications Commission last month.
The FCC authorized Microsoft to perform proof-of-concept demonstrations of a service that would connect its cloud computing service Azure with a ground station the company proposed to build.
“If the demonstrations result in significant market interest, Microsoft will file an application for regular earth station authority with the International Bureau (IB) to support future commercial operations,” the company wrote in the filings.
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Other Top Financial News
Is This The Death Of Buy & Hold?
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Image Source: Drew Angerer | Getty Images
The Trump Administration’s Lost Wages Assistance program, authorized by presidential memorandum to provide a federal supplement to unemployed workers affected by the coronavirus, is set to begin delivering a retroactive $300-per-week supplement to Americans in financial need.
The six-week program, overseen by the Federal Emergency Management Agency and administered directly through the states, will, beginning this week, retroactively pay most unemployed workers up to $1,800 in total if they received unemployment benefits for the weeks ended Aug. 1 through Sept. 5.
Workers in states that opted to pay an extra $100 per week could receive up to $2,400.
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Market Movers & Predictions
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