Pixelworks: Q3 Earnings Snapshot

Investigative hearings into the deadly midair collision between an American Airlines flight and a Black Hawk helicopter over Washington on January 29, which killed all 67 aboard, began Wednesday. The NTSB is examining FAA and Army actions leading to the crash and exploring broader safety concerns in Washington airspace, as new evidence reveals prior warnings about near misses and equipment failures. Want More Context? 🔎

The National Transportation Safety Board (NTSB) is holding a three-day hearing regarding the January plane crash in Washington, D.C., involving an Army helicopter and an American Airlines jet that resulted in 67 fatalities. Investigators will examine the actions of the FAA and air traffic controllers, noting that a combination of factors, including a misplaced antenna and reduced staffing at crucial times, may have contributed to the tragedy. Want More Context? 🔎

A sharp decline in imports due to President Trump's tariff policy contributed to a 3% annual economic growth in the US from April to June, reversing the previous quarter's contraction. While Trump urged the Federal Reserve to lower interest rates based on this rebound, analysts suggest the central bank may hold off on cuts to assess the ongoing impacts of tariffs on consumer prices. Want More Context? 🔎

Investors Await Key Economic DataThe U.S. economy experienced a significant rebound, with GDP growing at an annual rate of 3% in the second quarter, surpassing forecasts of 2%. This surge follows a contraction in the first quarter, influenced by shifts in imports related to President Trump's trade policies. Want More Context? 🔎

Francisco Severo Torres, a 35-year-old Massachusetts man, was sentenced to time served after spending 26 months in prison for attempting to open a United Airlines emergency exit mid-flight and for stabbing a flight attendant with a broken spoon during the incident on March 5, 2023. He pleaded guilty to interference with flight crew and faces five years of supervised release, during which he cannot fly commercially. Want More Context? 🔎

A powerful magnitude 8.8 earthquake struck off Russia's Kamchatka Peninsula at approximately 11:25 local time on Wednesday, prompting tsunami warnings and evacuation orders in various regions, including Japan, Ecuador, Hawaii, and the west coast of North America. The seismic event raised global concerns about potential tsunamis and safety measures in vulnerable areas. Want More Context? 🔎