Money

Musk’s Starlink to stay active in Ukraine despite funding woes

Published

3 years ago

October 24, 2022

In a show of good faith to the Ukrainian government, Elon Musk has stated that SpaceX will not be shutting off its Starlink satellite internet service even if the company does not receive funding from the United States Defense Department.

This pledge comes as a relief to Vice Prime Minister and Minister of Digital Transformation Mykhailo Fedorov, who has been a vocal supporter of SpaceX and Starlink.

Starlink is a key player in providing telecommunication services in Ukraine, which has been embroiled in conflict in recent years. The service has only been active in the country for less than a year, but it has already made a significant impact. Last spring, SpaceX began delivering terminals for the satellite internet service to Kyiv. These terminals have allowed the city to stay connected despite hostile conditions.

Musk’s tweet came in response to questions about whether or not the United States government would continue to fund SpaceX’s efforts in Ukraine. The Defense Department has been a key supporter of SpaceX, but it has yet to make a decision about continued funding.

While it remains to be seen whether or not the Defense Department will provide more funding for SpaceX, one thing is certain: Starlink will remain operational in Ukraine regardless of what happens.

Thanks to Musk’s commitment, Kyiv and other parts of the country will be able to stay connected no matter what.

Elon Musk has pledged that SpaceX’s Starlink satellite internet service will remain active in Ukraine regardless of whether or not the company receives additional funding from the United States Defense Department.

This is good news for Vice Prime Minister and Minister of Digital Transformation Mykhailo Fedorov, who has been a vocal supporter of both SpaceX and Starlink.

The service has only been operational in Ukraine for a little over six months, but it has already made a big impact by helping Kyiv stay connected despite hostile conditions.

Money

Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

Published

2 weeks ago

November 27, 2025

Harvey Vargas

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

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Money

Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

Published

2 weeks ago

November 26, 2025

Harvey Vargas

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.

The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.

Money

Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Published

2 weeks ago

November 25, 2025

Harvey Vargas

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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