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NBA Power Rankings heading into training camps, preseason

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  • NBA teams are reporting to training camp, and the regular season is around the corner.
  • This offseason was a wild one that saw several star players change teams and completely re-alter the landscape of the league.
  • Heading into an anticipated season, here’s where all 30 NBA teams stand.
  • Visit Business Insider’s homepage for more stories.

There hasn’t been an NBA game in over three months, yet it feels like the league has not rested.

This summer was a wild one. After the draft and free agency, the landscape of the league has completely changed, in part because nine star players changed teams.

With training camps underway and the season just around the corner, here’s where all 30 NBA teams stand after a hectic offseason.

* denotes rookies



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Video: Tesla Cybertruck ‘armor glass’ windows smash in test gone wrong

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Tesla’s new Cybertruck launch didn’t go quite as smoothly as expected after its “armor glass” windows got smashed during a live test.

CEO Elon Musk unveiled the $39,900 truck in Los Angeles on Thursday, and got lead designer Franz von Holzhausen to test the left-side windows by throwing a silver metal ball at them.

After von Holzhausen smashed the front-left window with ease, Musk exclaimed: “Oh my f—–g God. Well, maybe that was a little too hard.”

“It didn’t go through, that’s a plus side,” he said.

Von Halzhausen then tested the back-left window, which also smashed. “Room for improvement,” Musk joked.

“We threw wrenches, we threw literally the kitchen sink at the glass and it didn’t break. For some reason it broke now… I don’t know why.”

Tesla Cybertruck

Tesla Cybertruck.
Tesla


Before the hiccup, in his opening remarks Musk said: “Trucks have been the same for a very long time,”  while images of conventional trucks flashed on a screen behind him.

A caption on the screen read: “100 years of the same.”

Elon Musk smashed windows

Elon Musk in front of his Cybertruck, complete with smashed windows, on Thursday.
Tesla


The Cybertruck is made of a heavy-duty exterior shell made from “ultra-hard 30X cold-rolled stainless steel” and armored glass, according to Tesla.

Musk took pains to show the Cybertruck as being unlike any other production passenger truck on the road, punctuated by a 100-cubic-foot cargo area, and up to 14,000 pounds of towing capacity.

The Cybertruck can reach 60 miles per hour in 2.9 seconds, according to Musk.



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Payments Industry Ecosystem Report 2019: Full Value Chain Explained

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The digitization of daily life is making phones and connected devices the preferred payment tools for consumers — preferences that are causing digital payment volume to blossom worldwide.

The Payment Processing Industry Overview

As noncash payment volume accelerates, the power dynamics of the payments industry are shifting further in favor of digital and omnichannel providers, attracting a wide swath of providers to the space and forcing firms to diversify, collaborate, or consolidate in order to capitalize on a growing revenue opportunity.

More and more, consumers want fast and simple payments. Rising e- and m-commerce, surges in mobile P2P, and increasing willingness among customers in developed countries to try new transaction channels, like mobile in-store payments, voice and chatbot payments, or connected device payments are all increasing transaction touchpoints for providers.

US Mobile Point-Of-Sale Installed Base


Business Insider Intelligence


This is helping payments become seamless, allowing firms to boost adoption, build and strengthen relationships, offer more services, and increase usage.

But payment ubiquity and invisibility also comes with challenges. Regulatory changes and geopolitical tensions are forcing players to reevaluate their approach to scale. And fraudsters are more aggressively exploiting vulnerabilities, making data breaches feel almost inevitable and pushing providers to improve their defenses and crisis response capabilities alike.

The Payments Industry Explained

In the latest annual edition of The Payments Ecosystem Report, Business Insider Intelligence unpacks the current digital payments ecosystem, and explores how changes will impact the industry in both the short- and long-term. The report traces the path of an in-store card payment from processing to settlement to clarify the role of key stakeholders and assess how the landscape has shifted.

It uses forecasts, case studies, and product developments from the past year to explain how digital transformation is impacting major payment processing industry segments and evaluate the pace of change. Finally, it highlights five trends that should shape the payments industry in the year ahead, looking at how regulatory shifts, emerging technologies, and competition could impact the payments ecosystem.

Here are some key takeaways from the report:

  • Behind the scenes, payment processes and stakeholders remain similar. But providers are forced to make payments as frictionless as possible as online shopping surges: E-commerce is poised to exceed $1 trillion — nearly a fifth of total US retail — by 2023.
  • The channels and front-end methods that consumers use to make payments are evolving. Mobile in-store payments are huge in developing markets, but approaching an inflection point in developed regions where adoption has been laggy. And the ubiquity of mobile P2P services like Venmo and Square Cash will propel digital P2P to $574 billion by 2023.
  • The competitive payments industry landscape will shift as companies pursue joint ventures to grow abroad in response to geopolitical tensions, or consolidate to achieve rapid scale amid digitization.
  • Fees, bans, steering, or regulation could impact the way consumers pay, pushing them toward emerging methods that bypass card rails, and limit key revenue sources that providers use to fund rewards and marketing initiatives.
  • Tokenization will continue to mainstream as a key way providers are preventing and responding to the omnipresent data breach threat.

In full, the report:

  • Explains the factors contributing to a swell in global noncash payments
  • Examines shifts in the roles of major industry stakeholders, including issuers, card networks, acquirer-processors, POS terminal vendors, and gateways
  • Presents forecasts and highlights major trends and payments events driving digital payments growth
  • Identifies five trends that will shape the payments industry ecosystem in the year ahead

Interested in getting the full report? Here’s how to get access:

  1. Purchase & download the full report from our research store. >>  Purchase & Download Now
  2. Sign up for Payments & Commerce Pro, Business Insider Intelligence’s expert product suite keeping you up-to-date on the people, technologies, trends, and companies shaping the future of consumerism, delivered to your inbox 6x a week. >> Get Started
  3. Join thousands of top companies worldwide who trust Business Insider Intelligence for their competitive research needs. >> Inquire About Our Enterprise Memberships
  4. Current subscribers can read the report here.

The companies mentioned in the report are: CCEL, Adyen, Affirm, Afterpay, Amazon, American Express, Ant Financial, Apple, AribaPay, Authorize.Net, Bank of America, Barclays, Beem It, Billtrust, Braintree, Capital One, Cardtronics, Chase Paymentech, Citi, Discover, First Data, Flywire, Fraedom, Gemalto, GM, Google, Green Dot, Huifu, Hyundai, Ingenico, Jaguar, JPMorgan Chase, Klarna, Kroger, LianLian, Lydia, Macy’s, Mastercard, MICROS, MoneyGram, Monzo, NCR, Netflix, P97, PayPal, Paytm, Poynt, QuickBooks, Sainsbury’s, Samsung, Santander, Shell, Square, Starbucks, Stripe, Synchrony Financial, Target, TransferWise, TSYS, UnionPay, Venmo, Verifone, Visa, Vocalink, Walmart, WeChat/Tencent, Weebly, Wells Fargo, Western Union, Worldpay, WorldRemit, Xevo, Zelle, Zesty, and ZipRecruiter, among others



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Navy Advanced Arresting Gear for new carriers survives demanding test

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  • The US Navy recently achieved a milestone in the development of the Advanced Arresting Gear for its new Ford-class aircraft carriers.
  • During a test at the Runway Arrested Landing Site in Lakehurst, New Jersey, a test team was able to recover aircraft 22 times in just over 26 minutes.
  • One of the Navy’s ambitions for Ford-class carriers is increasing lethality by achieving a higher sortie rate than Nimitz-class carriers by using electromagnetic catapults, advanced weapons elevators, and new arresting gear.
  • Visit Business Insider’s homepage for more stories.

The US Navy recently achieved a milestone in the development of its advanced aircraft recovery capabilities for its new supercarriers, Naval Air Systems Command announced this week.

During a challenging test of the Advanced Arresting Gear (AAG) for the Navy’s new Ford-class aircraft carriers at the Runway Arrested Landing Site in Lakehurst, New Jersey, in late October, the Navy was able to pull off 22 aircraft recoveries in roughly 26 minutes.

The AAG, a General Atomics turbo-electric aircraft recovery system built as a more advanced alternative to the MK 7 hydraulic arresting gear used on the Navy’s Nimitz-class carriers, is part of a suite of new technology incorporated into the Ford-class carriers.

Like the Electromagnetic Aircraft Launch System (EMALS) and the Advanced Weapons Elevators (AWEs), the arresting gear has also had its share of problems during the development process.

Navy Gerald Ford aircraft carrier FA-18 Super Hornet landing

An F/A-18F Super Hornet performs an arrested landing aboard USS Gerald R. Ford, July 28, 2017.
US Navy/Mass Comm. Specialist 3rd Class Elizabeth A. Thompson


In August, the AAG was given a green light to recover all “props and jets,” according to the Aircraft Recovery Bulletin released that month. But now the Navy wants to make sure it can meet sortie-generation requirements.

During the recent two-day aircraft AAG tests, the Navy team evaluated ability of the AAG’s thermal management system to handle the heat produced by fast-paced flight operations, NAVAIR explained.

“This never-before accomplished test event was effectively executed with herculean efforts by a collaborative program office-fleet team,” Capt. Ken Sterbenz, Aircraft Launch and Recovery Equipment (PMA-251) program manager, said in a statement.

“This achievement represents a significant datapoint for AAG performance as experienced at our single engine land-based site. I’m highly confident with AAG going into CVN 78 Aircraft Compatibility Testing early next year where the full, three-engine recovery system configuration will be utilized.”

The recent testing involved five F/A-18E/F Super Hornets, 25 maintainers from Carrier Air Wing 8 (CVW 8), six pilots from Air Test and Evaluation Squadron 23 (VX 23), and two sailors from the USS Gerald R. Ford (CVN 78), which is the first of a new class of carriers and the most advanced flat top in the Navy’s arsenal.

As of September, the AAG test program had completed more than 2,600 dead-load arrestments at the Jet Car Track Site and over 1,570 arrestments at the Runway Arrested Landing Site, NAVAIR revealed. The Ford has executed 747 sorties so far. Flight operations are expected to begin early next year.



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