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SpaceX launches world's most powerful rocket, taking Tesla Roadster to Mars

Musk has admitted his test payload is "silly", but Falcon Heavy's successful lift-off - a system that will cost about US$90 million per launch - could disrupt the industry. "It didn't have enough propellant", Musk said, adding that it plunged into the ocean about 100 meters (yards) away from its landing point. SpaceX works closely with NASA and the USA government wants to use SpaceX's biggest rocket to launch a test payload for the Air Force likely to occur sometime after June. Read More »

Dow industrials sink 500, then recover

On Friday the markets were spooked by strong United States wage growth which raised the possibility of an accelerated pace of interest rate rises . The Dow is now back in positive territory for the year, up 0.8%, and 6.4% below its January 26 peak. By midday it was up 30 points, or 0.2 percent, at 24,395. Read More »

Biggest Value Dive in Six Years — Wall Street Plunge

At one point it was down over 1,500 points or 6%. That's great news for Main Street. Global markets also fell. Overnight, world markets followed the United States' lead and dropped. Monday's decline was 4.6%. Yesterday, it lost 4.1 per cent, which was its biggest daily percentage drop since August 2011. Think of it as an emergency brake. Read More »

Suspect in Colts player's highway death due in IN court

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He had previously been deported two times - in 2007 and 2009. Perrine said Mays then spotted the crash along the right side of the road and activated his emergency lights. The truck's driver tried to flee on foot but was quickly captured . A breath test administered at the crash scene found that Orrego-Savala's blood-alcohol content was almost 0.24 percent, or nearly three times Indiana's legal limit of 0.08 percent, according to an affidavit. Read More »

Dow rises 350, erasing an early plunge — UPDATE

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S . stocks on Tuesday followed the biggest one-day selloff in more than six years. ( NASDAQ : AMZN ), dropped nearly 4%. Since then, it's fallen as low as 22.42 before recovering to surpass 40. Experts do think the global economy will keep growing this year even though that is likely to bring more inflation, but Schutte said that as central banks stop propping up the market, trading will probably be more volatile in the next few years. Read More »

Elon Musk Is Having Fun

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ET today. The three boosters and 27 engines roared to life at Kennedy Space Center , as thousands watched from surrounding beaches, bridges and roads, jamming the highways in scenes unmatched since NASA's last space shuttle flight. "NASA may decide to use it ( the Falcon Heavy ) as a way of fast-tracking its plans to get to the Moon and Mars", Erik Seedhouse, assistant professor of applied aviation sciences at Embry-Riddle Aeronautical University, told AFP. Read More »

Dow Jones drops more than 1000 points, trading below 25000

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It fell more than 500 points at the open, rebounded shortly afterwards to a 1 percent gain and then dipped almost 2 percent before going back to green territory again. Banks are taking some of the biggest losses. Both indexes suffered 1 percent losses before hovering around their Monday closing levels. "They don't go up forever and we heard within the a year ago the market is up 22 or 24 percent". Read More »

Volatile markets: Dow drops 500 points then gains it back

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It heralded the start of a correction rather than a crash, experts said , with investors betting on low market volatility getting their fingers burned as the so-called Vix measure of volatility hit levels not seen since 2011. The Dow Jones industrial average and the Standard & Poor's 500 glided to record after record, with few hiccups. But at one point it was down as much as 1,600 points, or more than 6 per cent, before rallying. Read More »

Dow drops 500 points then gains it back — Volatile markets

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Stocks were down about 2% in Britain, Germany and France. If the economy continues to strengthen it could result in inflation , which has largely been missing since the GFC. The biggest declines came in financial and energy shares. Widespread speculation that the Federal Reserve will soon raise interest rates , combined with looming fears of imminent inflation, likely sparked the selloff. Read More »

Fear over interest rates, bonds help send Dow down almost 1200 points

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Japan's Nikkei 225 index dropped as much as 5.6 percent in early trading Tuesday. Stocks hadn't suffered a 5 percent drop since the two days after Britain voted to leave the European Union in June 2016. After months of unusual calm, fear has raced back onto Wall Street in dramatic fashion. Health care, technology and industrial companies took outsize losses and energy companies sank with oil prices. Read More »

Bitcoin's price falls Below $7000

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Traders are also blaming Tether and Bitfinex for lower confidence in crypto markets, as investigations are going on for artificially propping up bitcoin prices. Rival coins also retreated on Monday, with Ripple losing as much as 17 per cent and Ethereum and Litecoin also weaker. Exactly a week ago, the bitcoin prices closed at $9,971, 60% higher than today's price. Read More »

Bitcoin Price Slides as UK Banks Ban purchases with Credit Cards

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However, the financial institutions all told PCMag the ban only applies to credit card purchases. After peaking from December to early January, the value of a number of cryptocurrencies have kept on falling - in fact, some have approximately halved in price in the past two weeks. Read More »

'The Cloverfield Paradox' doesn't live up to short-lived hype

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It's worth noting that Paradox is set in the near-future but Cloverfield occurs in 2008, so this time discrepancy, plus the overall difference in the landscape and political climate hint that the two versions of NY we see being destroyed in these movies are different. Read More »

Five takeaways from Arun Jaitley's fifth Budget

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That sum, while small by Western standards, would be enough to cover the equivalent of five heart surgeries in India . Jaitley asserted that India managed to make progress when there was no boom. "We used the situation well and managed to bring reforms in the country which only people who used to write spoke about". "If they get diagnosed, they don't have a way to get treatment", Bakshi said. Read More »

London shares follow global markets with new falls

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Financials were the biggest decliners of the day, off 5%, while tech, industrials, health-care, energy, and telecommunications all dropped more than 4%. Technology and industrial companies and retailers moved higher, a possible sign of confidence the US economy will keep growing. Those stemmed from the U.S.jobs report on Friday. Read More »

Wall Street lower as losses in energy, bank stocks weigh

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Dow futures were down 0.5 percent to 25,302.00 and broader S&P 500 futures retreated 0.3 percent to 2,749.00. Market professionals warn that the selling could continue for a bit. In light of those gains, analysts had warned that the stock market probably would be more volatile in 2018 because prices simply can't keep climbing without interruption. Read More »

Rising Bond Yields Weigh On Wall Street

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This week, the calm cracked. Much of the extra cash floating around flooded into bond and stock markets , inflating values and and distorting returns. Strong prospects of the Fed hiking interest rates in the next month has led to a spike in USA bond yields, which touched 2.89%, highest level in almost four years. Read More »

Morocco: CHAN 2018 - Morocco Trounce Nigeria to Win First Title

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In the third minute after the break, the Super Eagles' task in reversing that lead got even more hard when Peter Moses was sent off. Three minutes later Hadraf scored his second after El Haddad's cross fell to him via a deflection off Kalu Okogbue and another Ajiboye parry. Read More »

IPhone Sales Fall But Apple Posts Record Revenue

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HSBC set a $204.00 price objective on Apple (NASDAQ: AAPL ) in a research report report published on Tuesday morning. Apple sold its iPhones for an average of $796 during the past quarter, a roughly $100 increase from the previous year. Read More »

Stocks plunge amid spiking Treasury yields, disappointing earnings

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There just are too many things that can go wrong. Investors said the drop could be a sign of the market returning to more typical periods of peaks and troughs after abnormally calm conditions past year. All of the index's 10 main groups were in negative territory. "In December, traders thought there would be two to three more hikes". The stock's price to sales ratio for trailing twelve months is 1.66 and price to book ratio for the most recent quarter is 1.92, whereas price to cash per ... Read More »

Jaitley's move will give encouragement for 'Make in India'

Congress national spokesperson Tom Vadakkan told reporters in Shillong, Meghalaya, that the budget had nothing for the Northeast to cheer about. Furthermore, Rs 1,200 crores will be allocated towards setting up health and wellness centers in India, which will provide comprehensive healthcare , maternal and child care, free drugs and diagnostics to the poor. Read More »

Yellen Departs As Fed Sets Tone For March Hike

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Similarly to December, the statement argued that the "labor market has continued to strengthen". The Fed's current Chair Janet Yellen will hand over the leadership of the central bank to Jerome Powell later this week. "Yellen saw and talked to individuals behind the data points, showing that their experiences matter as much if not more than overall economic averages when making policy decisions", said Swonk. Read More »

India a good story for us: Amazon

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For the fourth quarter past year, Amazon posted a net profit of $1.9 billion, which is a record for the company. Wall Street was expecting earnings per share (EPS) of $1.85, so Amazon absolutely crushed it. Amazon has also inked deals with several appliance manufacturers and even auto companies to feature Alexa integrations in their products. "Our 2017 projections for Alexa were very optimistic, and we far exceeded them", Bezos said in the company's earnings announcement. Read More »

On Wage Growth, You Ain't Seen Nothing Yet

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The U.S. economy added 200,000 jobs in January, and wages grew at the fastest pace in eight years. Unemployment remained at a 17-year low of 4.1%, the government said Friday . The data signal that a more robust labour market is finally beginning to filter through into higher pay for workers. The sector lost 2,100 jobs in January after it lost 3,600 jobs in December. Read More »

Budget philosophy in overall national interest: Jaitley

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However, this could have been extended to all corporates leading to more investments and job creation. Several steps have been proposed in this budget to support the farmers and enhance their income, Modi said, adding that income tax exemption for the "Farmer Producer Organization" -FPO, which is meant for the welfare of the farmers, is a welcome step. Read More »

'Gronk' cleared for Super Bowl 52

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But this whole Super Bowl thing means a lot more than that in Philly, the video notes. This year? It's all underdogs, as they've gone 9-1 against the Vegas number. "Sometimes people do stick to what they know", cornerbacl Jalen Mills said of recent Patriots comebacks. A member of the worldwide media nearly got away with stealing Tom Brady's game jerseys after Super Bowl XLIX and Super Bowl LI . Read More »

EBay to Ditch PayPal as its Main Payments Processor in 2020

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PayPal is now EBay's payments processor, meaning merchants selling on the marketplace have to have PayPal accounts to accept funds. eBay's move to intermediate payments gives the company more control over its marketplace and moves it in this regard to a similar level of control that Amazon has on its marketplace. Read More »

Three Central Texas lawmakers unhurt after fatal train crash in Virginia

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The Associated Press reports two crew members were hurt and two passengers were hurt. Pence tweeted that he was monitoring the situation and still planning to speak at the retreat. "I don't know that for sure, it's a long train". Flake says he and two other lawmakers, Rep. Brad Wenstrop (Ohio) and Sen. West Virginia Second District Congressman Alex Mooney was the only West Virginia elected official on board. Read More »

Stocks poised to rebound from worst slump of Trump era

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The Dow Jones industrial average ended a two-day slide early Wednesday with a almost 1 percent surge that came on the heels of a better-than-anticipated private-sector jobs report. The stock's price to sales ratio for trailing twelve months is 5.07 and price to book ratio for the most recent quarter is 1.54, whereas price to cash per share for the most recent quarter are 92.15. Read More »