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Despite a stock market that's less than 1% away from record highs, bearish forecasts are out in full force. And a weakening in the labor market will crush investor confidence and send the stock market falling by as much as 30%. BCA Research: A recession in early 2025 will cause 30% stock market declineBCA strategist Roukaya Ibrahim warned that a 30% correction in the stock market could be sparked by a recession early next year. Rosenberg famously predicted the 2008 recession, but his consistently bearish economic outlooks since then have largely fallen flat. Advertisement"Forward earnings rose to a record high during April, consistent with a solid labor market.
Persons: , they're, Gary Shilling, we've, Shilling, BI's Jennifer Sor, we're, John Hussman, Hussman, wouldn't, Roukaya Ibrahim, Ibrahim, David Rosenberg, We're, Rosenberg, Ed Yardeni, Yardeni, landers Organizations: Service, Wall, Hussman Investment Trust, BCA, Bloomberg Locations: Wall
At the end of 2022, Tulsa Remote had brought in almost $307 million in direct labor income to the economy, according to Tulsa Remote. For every two Tulsa Remote members who move to the city, three more come with them. But what happens to the rest of the economy when remote workers come to town? Remote workers coming to town benefited high-skilled local service workers — workers who have at least some college education — more, per the research, since they had more variety in local goods to choose from and consume and are making more money. “There are people who definitely get more benefit out of it, like homeowners or the local service sector workers,” Yoo said.
Persons: that's, Hoyoung Yoo, Justin Harlan, Yoo, ” Yoo, That’s, , , Parker Vincent, ” Vincent, There’s, “ I've, Noah Sheidlower, Laura Landers, Harlan, Tulsa Remoters, , didn't, ” Harlan, Vincent, Organizations: Tulsa Remote, Tulsa, Brookings, of Economics, University of Wisconsin Locations: Tulsa , Oklahoma, Tulsa, Madison, , Los Angeles,
Live updates: Odysseus moon landing
  + stars: | 2024-02-22 | by ( Elise Hammond | Jackie Wattles | ) edition.cnn.com   time to read: +1 min
Intuitive Machines Co-Founder, President, and CEO Steve Altemus talks about the IM-1 Lunar Lander, Nova-C, during a press event, in Houston, in October 2023. Jonathan Newton/The Washington Post/Getty ImagesIntuitive Machines is a Houston-based company just up the road from NASA's Johnson Space Center, or JSC. It's one of several private-sector companies that have been tasked by the space agency to get robotic landers to the moon as NASA works on separate plans to return its astronauts. But it was later renegotiated, and — all told — Intuitive Machines could receive up to $118 million from NASA for this mission. Its stock has been on a tear recently amid its successes in space, surging up about 80% over the past five days as of Thursday afternoon.
Persons: Steve Altemus, Jonathan Newton, Steve Atlemus, JSC Kamal Ghaffarian, Tim Crain, landers Organizations: Washington Post, NASA's Johnson Space Center, JSC, NASA, Payload Services Locations: Nova, Houston, NASA's
CNN —Intuitive Machines’ IM-1 lander, also called Odysseus or “Odie,” is on the lunar surface after experiencing unexpected issues hours prior to landing. “Intuitive Machines made the decision to reassign the primary navigation sensors from Odysseus … to use the sensors on NASA’s Navigation Doppler Lidar,” according to the webcast. With its landing legs and sensors pointed toward the lunar terrain, Odysseus relied on the Lidar payload to locate a safe landing spot. The IM-1 mission comes amid a renewed international dash for the lunar surface. Odysseus passes over the near side of the moon following lunar orbit insertion on February 21.
Persons: Odie, , Steve Altemus, Odysseus, Gary Jordan, , landers, Farzin, Jeff Koons, We’re, ” Altemus, Altemus Organizations: CNN, NASA, Soviet, Columbia, Embry, Riddle Aeronautical University, Astrobotic Technology, Peregrine, Payload Services Locations: China, India, Japan, Malapert, Daytona Beach , Florida
The lunar lander called Odysseus or IM-1, created by Houston-based company Intuitive Machines, is barreling toward the moon. If it fails, Odysseus would become the third lunar lander to meet a fiery demise on the moon in less than a year. Russia’s first lunar lander mission in 47 years, Luna 25, failed in August 2023 when it crash-landed. Overall, more than half of all lunar landing attempts have ended in failure — tough odds for a feat humanity first pulled off nearly 60 years ago. The US remains the only country to have put humans on the lunar surface, most recently in 1972 with the Apollo 17 mission.
Persons: Odysseus, Luna, Ispace, Japan —, hasn’t, Scott Pace, George Washington, , ” Pace, Artemis, , Greg Autry, “ There’s, India’s, Jitendra Singh, Satish, Satish Baby, ” Singh, Astrobotic, Steve Altemus, it’s, Glynn Lunney, ” Autry, “ Neil, Armstrong, “ We’ve, Joel Kearns Organizations: CNN, Technology, Policy Institute, , Arizona State University’s Thunderbird School of Global Management, State for Science, Indian Space Research Organisation, Space, Getty, Economic Times, NASA, Payload Services, Johnson Space Center, AP Locations: United States, Houston, Japan, Soviet, States, China, India, Sriharikota, Andhra Pradesh, AFP, New York, Los Angeles, what's
It will amount to “a high-energy fastball pitch towards the moon,” as Intuitive Machines CEO Stephen Altemus put it. Once in Earth’s orbit, the lunar lander will separate from the rocket and begin venturing on its own, using an onboard engine to boost itself on a direct trajectory toward the lunar surface. Founded in 2013, Intuitive Machines will be the second of the CLPS program participants — after Astrobotic — to attempt a moon landing. If all goes according to plan, Odysseus will spend seven days operating on the moon as the lunar lander basks in the sun. Altemus estimates that Intuitive Machines has about an 80% chance of safely landing Odysseus on the moon.
Persons: Odysseus, Odie, Stephen Altemus, Peregrine, Chandan Khanna, CLPS, , Joel Kearns, Astrobotic —, Jeff Koons —, , “ We’ve, who’s, Odysseus ’, Altemus, “ It’s, ” Altemus Organizations: CNN, NASA, SpaceX, Technology, Cape Canaveral Space Force, Payload, , Columbia, United States, Peregrine Locations: United States, Cape Canaveral , Florida, Houston, Pittsburgh, Cape, China, India, Japan, British, Russia
If all goes as planned, Nova-C, built by the private company Intuitive Machines, under NASA’s Commercial Lunar Payload Services program, will touch down on the moon about seven days later, bearing suites of scientific instruments. Peregrine, built by Astrobotic Technology under another Commercial Lunar Payload Services contract, successfully flew into space on Jan. 8, but its mission was cut short because of a fuel leak. It failed to be the first private mission to land on the moon, but Nova-C could succeed — and so could the one after that, and many more. For the first time, the moon will be occupied by private capital, including small startups whose aims transcend science and exploration, launching landers and capsules. The Commercial Lunar Payload Services program, as part of Artemis, encourages private companies to build landers and even rovers that NASA can pay to use, as opposed to the traditional approach of NASA-built equipment.
Persons: Jeff Koons, Peregrine, , landers, Artemis Organizations: Payload Services, Astrobotic Technology, NASA Locations: Nova
CNN —After soaring hundreds of thousands of miles through space and battling a propellant issue that dashed its plans, the Peregrine lunar lander has likely met its fiery end. The launch went off without a hitch, safely delivering the Peregrine lander into Earth’s orbit on a path toward the moon. But hours into its solo flight, the Peregrine lander encountered critical setbacks. A proving ground for commercial lunar landersA private lunar lander has never safely reached the moon’s surface — though other companies have tried. Astrobotic’s Thornton admitted to reporters that the Peregrine mission cost his company more money than it made.
Persons: Lockheed Martin, Astrobotic, Joel Kearns, ” Thornton, landers, SpaceIL, Ispace, Peregrine, Astrobotic’s Thornton, “ It’s, , ” Astrobotic, Griffin, Peregrine — Organizations: CNN, Astrobotic Technology, Peregrine, NASA, United Launch Alliance, Lockheed, Boeing, Payload Services, Astrobotic Locations: Australia, Pittsburgh, South, Houston, Israel, Japan
Planes Come Into Contact at Snowy Japan Airport
  + stars: | 2024-01-16 | by ( Miho Inada | Peter Landers | ) www.wsj.com   time to read: 1 min
Planes belonging to Korean Air, left, and Cathay Pacific, right, after a collision at a Japanese airport. Photo: KYODO NEWS/ASSOCIATED PRESSTOKYO—A Korean Air jet that was moving away from the gate in heavy snow touched a Cathay Pacific plane at an airport in northern Japan on Tuesday, the airlines said. No one was hurt and there was no fire, officials said. Korean Air said the incident happened about 5:35 p.m. at New Chitose Airport near Sapporo on the northern island of Hokkaido. The Korean Air Airbus A330, scheduled to fly to Seoul with 276 passengers and 13 crew aboard, had just departed the gate and was in pushback, meaning it was getting into position to head to the runway with help from a ground handler vehicle.
Organizations: Korean Air, Cathay, KYODO, New, Korean Air Airbus Locations: Korean, Cathay Pacific, Japan, New Chitose, Sapporo, Hokkaido, Seoul, pushback
Touching down on the lunar surface is incredibly difficult, as evidenced by numerous crashes that have made their mark and created new craters. Ultimately, 12 NASA astronauts walked on the lunar surface between 1969 and 1972. Declaring a Lunar Anthropocene could make it clear that the moon is changing in ways it wouldn’t naturally due to human exploration, the researchers said. But a propulsion issue noticed hours after liftoff means that Peregrine won’t be able to attempt a moon landing, and currently, its fate is uncertain. NASA/JSCThe Apollo 11 lunar landing marked the first time humans set foot on another world.
Persons: , , Justin Holcomb, ” Holcomb, bootprints, NASA’s, Micrometeorites, Eugene A, Cernan, It's, , landers, Russia’s Luna, Astrobotic, Peregrine won’t, , we’re Organizations: CNN, NASA, Geoscience, Kansas Geological Survey, University of Kansas, , Humanity, ASU, Apollo, JSC, Navajo Locations: Soviet, Mare Imbrium, Kansas, Canada, , Africa
A Japanese robotic spacecraft successfully set down on the moon on Friday — but its solar panels were not generating power, which will cut the length of time it will be able to operate to a few hours. With this achievement, Japan is now the fifth country to send a spacecraft that made a soft landing on the moon. The spacecraft, the Smart Lander for Investigating Moon, or SLIM, was intended to demonstrate precision landing, within a football field of a targeted destination rather than an uncertainty of miles that most landers are capable of. The technology could also be useful for future missions like those in NASA’s Artemis program . Japan is a partner in that program, which will send astronauts back to the moon in the coming years.
Persons: landers Organizations: JAXA, Smart Locations: Japan
The lander is still going, despite a fuel leak that dashed hopes of a soft moon landing, Astrobotic said. AdvertisementAstrobotic's lunar lander could still make it far enough to reach the moon — but the moon will be in the wrong place when it arrives. This means the lander could yet reach the lunar distance — the required number of miles to reach the moon. Astrobotic's Peregrine lander, seen here before launch. There are a slew of private lunar lander missions in the works.
Persons: Astrobotic, , Peregrine, Astrobotic Astrobotic's, that's, Astrobotic's Peregrine Organizations: Service, NASA, Astrobotic's, Payload Locations: Houston
Read previewAstrobotic has a theory for what may have caused its lander to fail on its mission to the moon. This story is available exclusively to Business Insider subscribers. But its hopes were quickly dashed after a fuel leak caused a failure in the spacecraft's propellant system. It does, however, hope to gather as much scientific information as it can while the spacecraft is still operational, Business Insider previously reported. AdvertisementAnother US firm, Houston-based Intuitive Machines, aims to send its own NASA-backed spacecraft, Nova-C, toward the moon in mid-February.
Persons: , Astrobotic, Peregrine Organizations: Service, Business, United Launch Alliance, United, NASA, Planetary Society Locations: Houston
Read previewA US spacecraft carrying human remains launched on Monday in a bid to become the first private mission to land on the moon. "Unfortunately, it appears the failure within the propulsion system is causing a critical loss of propellant," the company that built the lunar lander, Astrobotic, said in an update Monday afternoon. AstroboticSeveral capsules on board the lander are part of a memorial service offered by private companies Celestis and Elysium Space. The screenwriter was also part of the first human "space burial" in 1992 when his ashes were put aboard NASA's spacecraft Columbia. Astrobotic Peregrine Mission One is the first of NASA's Commercial Lunar Payload Services (CLPS)-backed missions to launch.
Persons: , Peregrine, John Thornton, Celestis, Gene Roddenberry, Majel Barrett, George Washington, Dwight Eisenhower, John F, Kennedy, — Arthur C Clarke, Stanley Kubrick, Gene Roddenberry's, Thornton, Mr, Peregrine isn't, Astrobotic, landers, Artemis Organizations: Service, Business, Astrobiotic, United Launch Alliance, Cape Canaveral Space Force, Peregrine, NASA, United Launch Alliance Vulcan, New York Times, Navajo Nation, The New York Times, Houston, Payload Locations: Cape, Florida, Navajo, Stickiness, Russia, India, China
Through programs including Tulsa Remote, former Californians and New Yorkers are moving to Oklahoma. Some moved through Tulsa Remote, while others discovered the city on their own. For those moving through Tulsa Remote, the retention rate is around 76%. She moved to Tulsa in February 2020 independent of the Tulsa Remote program. He noticed some friends who also lived in an RV full-time eventually settled in Tulsa, and he decided to apply to Tulsa Remote.
Persons: , Laura Landers, it's, Landers, She's, they've, " Landers, Corinne Gaston, Philadelphia Corinne Gaston, Gaston, she's, Faith MacNeil, Lansing , Michigan Faith MacNeil, MacNeil, didn't, Lansing —, Michael Boyink, Missouri Michael Boyink, Bob Dylan, he's, He's, Boyink Organizations: Tulsa, Oklahoma . Business, Service, Dallas, Housing Solutions, Rocket Homes, Business, Lansing, Michigan, Bob Dylan Center, Woody Guthrie Center Locations: Oklahoma, Los Angeles, California, Dallas, Tulsa, LA, Housing Solutions Tulsa, Tulsa County, California , Michigan , Missouri, Pennsylvania, Philadelphia, Lansing , Michigan, Michigan, Scotland, Glenpool, Lansing, Missouri, Boyink
The Land Where Inflation Is Good News
  + stars: | 2023-11-09 | by ( Miho Inada | Peter Landers | ) www.wsj.com   time to read: 1 min
TOKYO—For a quarter-century, Japan tried every trick in the central-banking book to boost prices and jolt its troubled economy back to life. The cure turned out to be pandemic and war. Higher energy and food costs triggered by the Ukraine war, coupled with Covid-era supply-chain snags, are bringing a surprise end to the long, bleak era of Japanification. Businesses are increasing prices significantly, and wages have begun inching up.
Locations: TOKYO, Japan, Ukraine
CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Coming in at a whopping 212 pages, the document represents the latest in-depth, albeit unclassified, view of China's military ambitions. The Pentagon highlighted that the space capabilities of the Chinese military, or PLA, are continuing to "mature rapidly" thanks to "significant economic and political resources to growing all aspects of its space program." China's PLA has a "Strategic Support Force," or SSF, under which is the "Space Systems Department", or SSD, that leads its military space operations. The Pentagon emphasized that most of those Chinese satellites can "support monitoring, tracking, and targeting of U.S. and allied forces worldwide, especially throughout the Indo-Pacific region."
Persons: CNBC's Michael Sheetz, landers, it's, Richard DalBello, China isn't Organizations: Taiyuan Satellite, CNBC's, Pentagon, PLA, Force, Systems Department, U.S, China, GPS, NASA Locations: Taiyuan, Shanxi Province, United States, Xi's, China, Namibia, Pakistan, Argentina, Kenya, U.S, Baku
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/asia/japan-seeks-to-dissolve-moon-church-after-pleas-of-abe-assassination-suspect-3fe789a8
Persons: Dow Jones, abe Locations: asia, japan
TOKYO, Sept 28 (Reuters) - Japan's lunar transport startup ispace inc (9348.T) said on Thursday it would postpone a future moon landing mission by a year to 2026 to better prepare for a commission by U.S. agency NASA, as well as deal with component supply delays. Tokyo-based ispace attempted its first lunar landing with the Hakuto-R Mission 1 spacecraft in April, which failed due to an altitude miscalculation. The U.S. unit of ispace, which has partnered with spacecraft software developer Draper to build lunar landers, has also encountered procurement delays for some parts, Hakamada said. Mitsui Sumitomo Insurance Group, a MS&AD (8725.T) unit, paid 3.7 billion yen last month to ispace for Hakuto-R Mission 1's failure. The unsuccessful landing resulted in a steep sell-off, but the shares have since recovered, closing on Thursday at 1,401 yen.
Persons: ispace, Takeshi Hakamada, Draper, Hakamada, Kantaro Komiya, Himani Sarkar, Miral Organizations: U.S, NASA, Financial Times, Mitsui Sumitomo Insurance Group, Tokyo Stock Exchange, Thomson Locations: TOKYO, Tokyo, U.S
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/china/americas-warrior-diplomat-rahm-emanuel-takes-on-chinas-xi-personally-19edc16e
Persons: Dow Jones, emanuel, 19edc16e
China, Russia, and the US (with its international allies) are all plotting huge new moonshots. Photos of the space efforts of the US, China, and Russia reveal how far behind the former space power has fallen. AdvertisementAdvertisementThe US and China are innovating, while Russia's space tech agesNASA's Space Launch System rocket with the Orion spacecraft aboard, at the Kennedy Space Center in Florida. Berger cited other underlying issues that are stifling Russia's space ambitions, like budget cuts, quality control, and corruption. Western sanctions have harmed Russia's space program in other ways, limiting its access to high-quality microchips, the AP reported.
Persons: Artemis, Russia isn't, hasn't, Russia's Luna, Bill Nelson, Luna, NASA’s, , Tingshu Wang, Sergei Markov, Russia's, Steve Seipel, Yuri Borisov, Borisov, Bill Ingalls, Eric Berger, Vladimir Putin's, Berger, Xue Lei, landers, Roscosmos, Victoria Samson Organizations: Service, NASA, AP, Soviet Union, Operation, Space Corporation, Politico, New York Times, China National Space Administration, Vostochny, Luna, NASA’s Goddard Space Flight, Arizona State University NASA, Orion, NASA NASA, SpaceX, National Museum, Reuters, Kremlin, Kennedy Space Center, CNN, Russian Soyuz, Baikonur, Future Publishing, Getty, European Space Agency, ESA, Secure, Foundation Locations: Wall, Silicon, China, Russia, Soviet, Soviet Union, China National Space Administration Russia, Russia's Far, India, Russian, Beijing, Ukraine, Florida, Kazakhstan, Washington
Japan aims to launch the Smart Lander for Investigating Moon (SLIM) into space by mid-September with a lunar landing seen starting as early as January 2024. Japan would become the fifth country to achieve a moon landing after the United States, the former USSR, China and now India. The success of India's Chandrayaan-3 moon exploration mission this month contrasts with recent setbacks in Japan's space missions. WHAT IS JAPAN'S LUNAR MISSION? WHY IS JAPAN'S SPACE PROGRAMME IMPORTANT?
Persons: India's, SLIM, Kantaro Komiya, Maki Shiraki, David Dolan, Nick Macfie Organizations: Smart, Japan Aerospace Exploration Agency, JAXA, Soviet Union, Epsilon, Mitsubishi Heavy Industries, Thomson Locations: TOKYO, Japan, United States, USSR, China, India, U.S, Russia
India has become the first nation to land a robotic mission to the crucial south pole of the Moon. AdvertisementAdvertisementSmall spacecraft, small costsIndian spacecraft Chandrayaan-3, the word for "moon craft" in Sanskrit, travels after it was launched from the Satish Dhawan Space Centre in Sriharikota, India. Aijaz Rahi/AP PhotoIndia's main strategy for being frugal on the moon seems to be that it kept the spacecraft small. NASA/JSCThis wasn't India's first attempt to land on the moon's south pole. It aimed to make a soft landing on the south pole of the moon, where nobody had succeeded yet.
Persons: NASA's, Elon Musk, Aijaz, That's, Satish, Robert Braun, Andrew Coates, Anatoly Zak, They've, Braun, Russia's Luna Organizations: Service, Hollywood, ISRO, SpaceX, Twitter, Indian Space Research Organization, New York Times, NASA, Space, Chandrayaan, Space Exploration, Johns Hopkins Applied Physics Laboratory, MAVEN, BBC, Planetary Society, JSC Locations: Wall, Silicon, India, Bengaluru, Sriharikota, Soviet Union
CNN —India is on the brink of a historic attempt to land its Chandrayaan-3 spacecraft on the moon that could make it only the fourth nation ever to accomplish such a feat. India’s space agency will livestream the landing attempt starting at 5:20 p.m. IST (7:50 a.m. Previously, only the United States, China and the former Soviet Union have completed soft landings on the lunar surface. Russia’s Luna 25 spacecraft crashed into the moon on August 19 after its engines misfired, ending the country’s first lunar landing attempt in 47 years. Indranil Mukherjee/AFP/Getty ImagesIndia’s mission has taken on even greater significance since Russia’s failed Luna 25 landing attempt.
Persons: nation’s, Russia’s Luna, Vikram, Angela Marusiak, she’s, Marusiak, , ” Marusiak, Satish Dhawan, Indranil Mukherjee, Luna, landers, Artemis, Bill Nelson, India’s Organizations: CNN, Indian Space Research Organization, Soviet Union, University of Arizona’s, Laboratory, Satish Dhawan Space, YouTube, Getty, Japan Aerospace Exploration Agency, United, NASA Locations: India, United States, China, France, Sriharikota, Andhra Pradesh, Mumbai, Israel, Japan, Artemis, Russia
ISROThe list is grim reading: Stuck, failed, missed, failed, failed, stuck, failed, crashed, missed, crashed, crashed. Even in the modern era — with nine lunar landing attempts since 2013 — the track record is still shaky. Before India's success Wednesday, missions by China, India, Israel, Japan and Russia were three for eight in the past decade. School students watching the live telecast of Chandrayaan-3 landing on the Moon at Sector 20 Brahmananda Public School on August 23, 2023 in Noida, India. Perhaps the most remarkable aspect of India's moon landing is the shoestring budget — by government standards — with which the country achieved the mission.
Persons: Jonathan McDowell, Sunil Ghosh, Jim Bridenstine, Bridenstine, They've, who's Organizations: ISRO, Soviet Union's, Harvard - Smithsonian Center for Astrophysics, Gravity, India, School, Hindustan Times, NASA, CNBC, Indian Space Research Organization, U.S, Payload Services, Space Foundation Locations: China, India, Israel, Japan, Russia, Noida, U.S, India's, United States
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