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Business

“Intuitive Machines clinches $4.8 billion navigation services contract from NASA”

“Intuitive Machines (LUNR) said on Tuesday it has bagged a navigation and communication services contract of up to $4.82 billion from NASA for missions in the near space region. The group’s stock price was up over 50% in premarket trading… Continue Reading…

Economy, Stocks

“The stock market will drop 32% in 2025 as the Fed fails to save the economy from a recession, research firm says”

“…The stock market will crash 32% in 2025 as the Federal Reserve fails to prevent a recession, according to the most bearish strategist on Wall Street. Peter Berezin, chief global strategist at BCA Research, said in a recent note that a recession… Continue Reading…

Economy

“29% of households… ‘one emergency from poverty,’ one expert says”

“Over time, higher costs [Inflation] and sluggish wage growth have left more Americans financially vulnerable, with many known as “ALICEs.” Nearly 40 million families, or 29% of the population, fall in the category of ALICE — Asset Limited, Income Constrained, Employed — according to United… Continue Reading…

Economy

“Key Fed inflation measure rose 2.8% in March from a year ago, more than expected”

“…“Inflation reports released this morning were not as a hot as feared, but investors should not get overly anchored to the idea that inflation has been completely cured and the Fed will be cutting interest rates in the near-term,” said… Continue Reading…

Economy

“Consumer prices rose 0.4% in February and 3.2% from a year ago”

“… …” https://www.cnbc.com/2024/03/12/cpi-inflation-report-february-2024-.html

Business, Economy

“…AM radio is being removed from many cars”

“America’s love affair between the automobile and AM radio — a century-long romance that provided the soundtrack for lovers’ lanes, kept the lonely company with ballgames and chat shows, sparked family singalongs and defined road trips — is on the… Continue Reading…

Stocks

“Dow climbs 20% from low as stocks rally and inflation fears ebb”

“US stocks surged on Wednesday, putting the blue-chip Dow Jones Industrial Average more than 20% above its September low after Federal Reserve Chair Jerome Powell’s dovish comments and signs of cooling US inflation raised hopes that the central bank will… Continue Reading…

Stocks

“Stock market news… Stocks advance as market attempts rebound from sell-off”

“…The S&P 500 climbed as much as 1.3% in early trading, and the Dow Jones Industrial Average gained over 400 points, or 1.2%. The Nasdaq Composite rose 1.3% higher as the index attempts to claw its way out of bear… Continue Reading…

Economy

“Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs”

“The consumer price index accelerated 8.3% in April, more than the 8.1% estimate and near the highest level in more than 40 years. Core CPI, which excludes food and energy, also was higher than expected, rising 6.2%. Shelter costs, which… Continue Reading…

Business

“61% of people working from home are doing so because they want to, even though their office is open”

“More people are choosing to work from home because they want to, even if their office is open and they’re less concerned about Covid risks, according to new findings from Pew Research Center. According to a January survey of 5,889 workers,… Continue Reading…