Odysseus lander reaches moon, rockets Intuitive Machines’ stock up 37%
Intuitive Machines Inc. made history Thursday when the Houston-based space-exploration company’s Odysseus spacecraft became the first commercial lander to successfully reach the moon. The uncrewed Odysseus lander is also the first American spacecraft to reach the lunar surface since Apollo 17’s Challenger lunar module in December 1972. Intuitive Machines shares LUNR, -11.16% soared more than […]
How Wall Street reads IM-1 moon-fueled rally
Intuitive Machines’ Nova-C lander “Odysseus” deploys from the upper stage of SpaceX’s Falcon 9 rocket to begin the IM-1 mission. NASA TV Much like Intuitive Machines’ spacecraft, its stock has been flying to the moon the past week. In a little over a month since hitting all-time lows, and as its IM-1 mission made its […]
AT&T says its wireless network has been restored after service outage
AT&T Inc. said Thursday its cellular network has been restored, after widespread “wireless service interruptions” affected some of its customers earlier in the day, following user reports of outages. Tens of thousands of AT&T T, -2.41% users had flagged service disruptions on Downdetector shortly after 11 a.m. Eastern time. AT&T said it took “immediate action” […]
Intuitive Machines Odysseus lands on moon in historic NASA mission
The IM-1 lander “Odysseus” in lunar orbit on Feb. 21, 2024. Intuitive Machines A U.S. company has gone to the moon – and into the history books. Intuitive Machines IM-1 mission reached the moon’s surface on Thursday evening, in the first American lunar landing since the Apollo era. The company’s Nova-C cargo lander, named “Odysseus” […]
Capital One Discover acquisition has $1.4 billion breakup fee for another buyer
Capital One headquarters in McLean, Virginia on February 20, 2024. Brendan Smialowski | AFP | Getty Images Capital One‘s blockbuster takeover proposal for Discover Financial includes a $1.38 billion breakup fee if Discover decides to go with another buyer, but no such fee if U.S. regulators kill the deal, people with knowledge of the matter […]
Sleep Number loses less money than Wall Street feared, and stock rallies
Sleep Number Corp.’s stock rallied more than 8% in the extended session Thursday after the mattress maker and retailer posted a narrower quarterly loss and sales that were better than estimates. “While the consumer environment remains challenging for the mattress industry, our swift actions to improve demand and reduce costs allowed us to make better […]
Existing home sales rose 3% in January 2024
A real estate agent walks into a home for sale in Lancaster, Ohio. Ty Wright | Bloomberg | Getty Images Sales of previously owned homes rose 3.1% in January to 4 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. Sales were down 1.7% year over year. The count […]
10-year Treasury yield holds near almost three-month high following U.S. data
Treasury yields edged mostly higher on Thursday after data showed the U.S. economy grew steadily this month. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y rose 6.5 basis points to 4.718% from 4.653% on Wednesday. The yield on the 10-year Treasury BX:TMUBMUSD10Y was little changed at 4.32%, compared with 4.326% on Wednesday. The yield […]
Tax evasion by wealthiest Americans tops $150 billion a year: IRS
The nation’s millionaires and billionaires are evading more than $150 billion a year in taxes, adding to growing government deficits and creating a “lack of fairness” in the tax system, according to the head of the Internal Revenue Service. The IRS, with billion of dollars in new funding from Congress, has launched a sweeping crackdown […]
Stocks can get more expensive, but don’t get in front of FOMO for now, says strategist
The bulls are back in town — or maybe they never left. After blowing past forecasts, Nvidia is not only soaring in premarket, but mass enthusiasm is sparking stock records from Tokyo to Paris, pointing to a sizzling start for Wall Street on Thursday. Down the road, will this day mark the top? For now, […]
