Money
Successful SpaceX flight fuelling tensions between billionaires space race
The successful test flight of Elon Musk’s SpaceX starship is a major milestone for private space exploration.
But tensions continue to fuel with Amazon CEO Jeff Bezos, as his rival company Blue origin battles to send people to the moon too.
After 4 failed attempts that even ended in explosions… Elon Musk’s SpaceX has finally landed its futuristic starship
The Tesla CEO wants to land astronauts on the moon and send people to Mars.
This is a huge step in the program… to successfully launch a test flight of the mars rocket prototype.
The rocket launched and flew about 6 miles above Earth, then re-lit its engines and landed the SN15 prototype on the landing pad
A fire at the base of the 50-metre rocket was quickly extinguished and the rocket remained standing after the six-minute flight.
NASA chose the SpaceX Starship to deliver astronauts to the moon in the next few years.
The 3 billion dollar contract was halted last week after Jeff Bezo’s company – blue origin protested it.
BATTLE OF THE BILLIONAIRES
The Amazon CEO announced Blue Origin will launch its new Sheppard rocket and capsule in July
The Sheppard’s flights are “sub-orbital” meaning they will take passengers on a short trip into space and back down to earth.
The company says “only 569 people have ever been over the so-called Kármán Line in space… and it wants to change this and change it dramatically”
SpaceX also plans to launch people into space by Autumn this year.
So the battle between the billionaires to turn their rockets to riches continues on… until the winner is crowned within the next one or two years.
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.
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
Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism
– 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.
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.
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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