Author: Press Room

SpaceX’s Starship mega-rocket achieved a major milestone during Saturday’s launch. The two stages of the rocket successfully separated, though the booster blew up seconds later.SpaceX’s main goal for Saturday’s launch was to achieve separation and prove “hot staging” works. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app SpaceX launched its Starship mega-rocket toward space for the second time, ever, on Saturday. A screengrab from SpaceX’s livestream on X shows Starship lifting off for its second attempt at space. SpaceX Though Starship blew up just seconds…

Unexpectedly strong spending data this week bolstered hopes that Americans would keep shopping in the face of economic pressures, but earnings from some of the country’s largest retailers suggest that cracks are starting to show in the picture of consumer resilience.The Census Bureau said on Wednesday that retail sales fell 0.1 per cent last month, less than the 0.3 per cent decline economists expected.  That extended a trend this year in which Americans have looked past sky-high inflation, soaring interest rates and regional bank failures, continuing to open their wallets not only for everyday purchases but also travel, entertainment and…

© Reuters. FILE PHOTO: Taylor Swift attends a premiere for Taylor Swift: The Eras Tour in Los Angeles, California, U.S., October 11, 2023. REUTERS/Mario Anzuoni By Marcela Ayres and Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) -A young Brazilian fan of U.S. singer Taylor Swift died in Rio de Janeiro on Friday night after falling ill inside the superstar’s sweltering concert venue, leading the government to order drinking water is provided and made easily accessible at shows. Ana Clara Benevides, 23, became unwell at the Nilton Santos stadium, event organizer T4F wrote on Instagram. It said she was promptly attended…

champc Financial stocks got a boost during the week the October inflation data came in below expectations, fueling a pullback in Treasury yields. With last month’s softer-than-expected CPI data, the Financial Select Sector SPDR ETF (NYSEARCA:XLF) climbed 3.3% for the week ended Nov. 17, outpacing the S&P 500’s 2.2% increase. Upstart Holdings (NASDAQ:UPST), the AI-driven lending platform, rose the most of any U.S. traded financial stock (with market cap over $2B) this week, jumping 22.6%; Regional lender BankUnited (NYSE:BKU) took the second slot, gapping up 18.7%; Walker & Dunlop (NYSE:WD), a provider of multifamily and commercial real estate financing products…

Utah Republican Sen. Mike Lee is calling for an investigation into the now-defunct House January 6 committee, accusing former and current lawmakers who served on the committee of “deliberately” hiding some of footage from the Capitol riots.Lee’s comments came after House Speaker Mike Johnson, R-La., began releasing more than 40,000 hours of footage taken at the U.S. Capitol on January 6, 2021, when protesters angry about the 2020 election results stormed the halls of Congress.Highlighting the release of the footage in a series of posts to X, formerly known as Twitter, Lee called into question the character of former Republican…

I’ve argued that Apple has become boring under Tim Cook compared to the Steve Jobs era.But there’s a good reason why Apple hasn’t drastically changed its successful products: reliability.Apple may not be leading many industry innovations lately, but its beautiful products have become classics. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app In the past, I’ve argued that Apple products have become boring because Apple seems to have lost its way with useful product innovation. On the one hand, it offers gratuitous iPhone features…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The PGA Tour and the Saudi sovereign wealth fund are struggling to resolve differences over an investment tie-up originally announced in June, with negotiations set to drag into next year.The so-called framework agreement unveiled in June between the PGA Tour and the Public Investment Fund, which owns LIV, set a deadline of year-end for reaching a deal to unite golf under a single commercial entity. However, the December 31 deadline was increasingly unlikely to be met and the talks extended due to…

CHENNAI – S Venkitaramanan, the former Reserve Bank of India (RBI) Governor who played a pivotal role in India’s economic reforms during the early 1990s, has passed away at the age of 92 after a brief illness. His leadership was marked by critical measures that steered the country through a severe balance of payments crisis. Venkitaramanan’s tenure as RBI Governor began in December 1990, a time when India faced the threat of defaulting on foreign loans with only $1.1 billion in reserves, barely enough for two weeks of imports. Appointed by then Prime Minister Chandra Shekhar, he implemented stringent credit…

© Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect NEW YORK – As the third quarter earnings season wraps up, companies have shown a collective profit increase of 4%, hinting at a possible end to the index’s recent downturn. This rise comes amid concerns from major retailers such as Target and Walmart (NYSE:), which have signaled caution regarding fragile discretionary consumer spending. Looking ahead, the market is gearing up for financial reports from Best Buy (NYSE:) and Dick’s Sporting Goods (NYSE:) next week. These reports are particularly noteworthy given the surplus inventory issues faced by retailers during last year’s holiday…

Loren Elliott/Getty Images News SpaceX (SPACE) launched its second Starship rocket flight on Saturday morning from the company’s facility near Boca Chica, Texas. Starship, the most powerful rocket ever built, flew for more than seven minutes and successfully separated from its booster. However, the rocket was intentionally destroyed in mid-flight after data was lost from the second stage. Starship was at an altitude of about 485K feet when it was destroyed. “What we do believe right now is that the Automated Flight Termination System on the second stage appears to have triggered very late in the burn,” stated SpaceX engineer…