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Russia heads to the moon to find water

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Russia has taken a significant step towards lunar exploration, launching its first moon-landing spacecraft in nearly half a century with a mission to uncover water ice reserves on the moon’s southern pole.

This ambitious endeavor pits Russia against other major players like India, the United States, and China in a race to harness the potential of the moon’s untapped resources.

The Luna-25 craft, propelled by a Soyuz 2.1 rocket, lifted off from the Vostochny cosmodrome, situated 3,450 miles east of Moscow. This marks Russia’s maiden lunar mission since 1976. The primary goal is to achieve a soft landing on the moon’s south pole, a region believed to harbor valuable pockets of water ice.

India has already joined the race, having launched its Chandrayaan-3 lunar lander last month. Moreover, the United States and China are deeply engaged in their advanced lunar exploration programs, targeting the same lunar region.

The launch took place at 2:11 a.m. Moscow time, with the Luna-25 eventually exiting Earth’s orbit and being taken under mission control’s supervision by Russia’s space agency Roscosmos. Yuri Borisov, Russia’s space chief, shared that the lander is expected to touch down on the moon’s surface on August 21, a date awaited with anticipation.

Yuri Borisov expressed his optimism, stating, “Now we will wait for the 21st. I hope that a highly precise soft landing on the moon will take place. We hope to be first.”

Sized similarly to a small car, Luna-25 aims to operate for a year on the moon’s south pole, an area where recent findings by NASA and other space agencies have indicated the presence of water ice in the shadowed craters.

The stakes are high for the Luna-25 mission, particularly as the Russian economy remains resilient against Western sanctions triggered by the Ukraine conflict. This mission showcases Russia’s growing autonomy in space, following the breakdown of its space ties with the West post the 2022 Ukraine invasion.

The European Space Agency’s detachment from the project further underscores the geopolitical complexities at play.

Asif Siddiqi, a history professor at Fordham University, noted, “Russia’s aspirations towards the moon are mixed up in a lot of different things. I think first and foremost, it’s an expression of national power on the global stage.”

The quest for lunar exploration has intrigued scientists for centuries, with the search for water on the moon gaining prominence. Recent years have seen major powers like the United States, China, India, Japan, and the European Union delve into lunar investigations.

Elusive mission

Although several attempts have been made, achieving a soft landing on the moon’s south pole has remained elusive.

The lunar south pole’s rugged terrain poses challenges, but the rewards could be groundbreaking: water ice could serve as a source of fuel, oxygen, and even drinking water. With plans for three more lunar missions over the next seven years and a collaborative effort with China for a crewed lunar mission,

Russia’s lunar ambitions seem poised for continued growth.

Maxim Litvak, head of the Luna-25 scientific equipment planning group, emphasized the mission’s core objective, saying, “There are signs of ice in the soil of the Luna-25 landing area.”

Luna-25 is slated to explore the moon for a year, collecting samples and conducting tests.

With a projected five-day journey to the moon, Luna-25’s timeline suggests it could potentially outpace its Indian counterpart, Chandrayaan-3, to the moon’s surface.

The craft will spend 5-7 days in lunar orbit before descending to one of three potential landing sites near the pole.

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This may be the AI market correction, according to traders

US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.

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US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.


US stocks have taken a sharp dive as investors grow nervous about stretched valuations and uneven earnings reports from tech giants. Major Wall Street banks, including Morgan Stanley and Goldman Sachs, are warning that the rally could be nearing a 10% correction – a wake-up call for traders betting on unstoppable market momentum.

Nvidia, the world’s most valuable public company, dropped nearly 4%, wiping out around $200 billion in market value. Meanwhile, Palantir slid 6%, dragging other AI and semiconductor names lower. Even gold — a traditional safe haven — dipped 1.6%, signaling widespread investor anxiety.

Bitcoin also broke below the $100,000 mark for the first time since June, underscoring how jittery markets have become. As earnings season unfolds and the US government shutdown looms, investors are questioning whether the bull run that lifted the S&P 35% since April has finally run out of steam.

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Dick Cheney dies at 84: The end of an era in American power

Former Vice President Dick Cheney dies at 84, leaving a controversial legacy in American politics and national security.

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Former Vice President Dick Cheney dies at 84, leaving a controversial legacy in American politics and national security.


Former U.S. Vice President Dick Cheney has died at the age of 84, marking the end of one of the most influential — and controversial — political careers in modern American history. Cheney served under four Republican presidents, most notably George W. Bush, where he became known as one of the most powerful vice presidents in U.S. history.

His family confirmed he passed away from complications related to pneumonia and heart disease. Cheney’s decades in Washington were defined by his hardline approach to national security and his role in shaping America’s response to the September 11 attacks.

Even after leaving office, Cheney remained a strong defender of his policies, particularly the 2003 invasion of Iraq. His passing leaves behind a complicated legacy — one that reshaped U.S. foreign policy and continues to influence Republican politics today.

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Nasdaq sell-off deepens amid AI stock concerns

Nasdaq sell-off worsens as AI stock valuations spark investor concerns and Palantir shares plummet despite strong earnings

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Nasdaq sell-off worsens as AI stock valuations spark investor concerns and Palantir shares plummet despite strong earnings

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In Short:
– Stocks fell due to concerns over AI valuations; S&P 500 down 1.2%, Nasdaq down 1.9%.
– Palantir shares dropped 9% despite strong performance, raising questions about sustainability of high valuations.
Stocks fell on Tuesday as investor concerns regarding artificial intelligence valuations impacted major indices.
The S&P 500 declined by 1.2%, and the Nasdaq Composite dropped by 1.9%, while the Dow Jones Industrial Average lost 304 points, equating to a 0.6% decrease.Palantir shares dropped 9%, despite the company’s strong third-quarter performance and positive forecasts attributed to its AI sector growth. The stock has surged over 150% this year, yet trades at over 200 times its forward earnings, leading investors to question whether such valuations can be sustained.

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Other tech stocks also faced declines, including Oracle and AMD, which saw drops of 4% and more than 3%, respectively.

Gains in AI stocks have inflated the S&P 500’s price-earnings ratio above 23, raising concerns about stock valuations. Ameriprise market strategist Anthony Saglimbene highlighted potential risks, stating that investors are questioning if future profit growth will support high capital expenditures.

Market Outlook

Comments from executives at Goldman Sachs and Morgan Stanley further added to market worries.

Both firms predicted potential market pullbacks, with drawdowns of 10% to 20% possible within the next two years. Saglimbene noted a narrow market breadth in recent months, suggesting limited alternatives if a downturn occurs in the tech sector.


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