Boeing develops self-flying planes

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The markets traded higher during the midday with the Dow gaining 49 points to 21,223. Nasdaq rose 16 points to 6,314.


Boeing is developing self-flying airplanes and plans to test artificial intelligence in some aircraft next year. Current onboard computers have autonomous systems can take off, cruise and land planes unassisted. The challenge for pilotless planes will be in the development of safety regulations and certifications.


Amazon has changed the pricing for its Cloud Drive online storage service. When the service debuted in 2015, unlimited storage was offered at $59.99 per year. Amazon has changed to a tiered pricing plan beginning at $11.99 annually for 100 gigabytes of storage and $59.99 per year for one terabyte of backup space.


The net worth of U.S. households surged in the first quarter by $2.3 trillion to $94.8 trillion. The increase was driven by gains in the value of stocks and real estate holdings. Household debt also rose by an annual rate of 3.2% in the first quarter.


The broader S&P 500 rose 3 points to 2,436. Bitcoin climbed $35 to $2685.


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