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Investing in Space: The space station kingmaker
  + stars: | 2023-02-16 | by ( Michael Sheetz | ) www.cnbc.com   time to read: +3 min
CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Several U.S. companies are working to build new orbiting habitats to replace the aging International Space Station. NASA's role in seeding the fledgling market was a hot topic at the FAA's space conference last week. Four private space stations are vying to get online by the time that happens:Axiom Space and Northrop Grumman"Starlab" is under development by Voyager Space and subsidiary Nanoracks alongside Airbus. These days, it's been doling out funds to the four space station projects.
Donald Trump and Nikki Haley are the only Republicans who have made a '24 run official. From Pence to DeSantis, here's how Republicans are laying the groundwork for presidential runs. Former President Donald Trump and former South Carolina governor Nikki Haley are the only Republicans so far who have announced a 2024 presidential run, but numerous others are signaling that they're toying with the same idea. The stakes for losing the nomination aren't all bad, even if Republicans might come out of it with an unforgettable Trump nickname. Scroll through to see the lawmakers who have either already declared or are potentially gearing up for run:
LONDON/FRANKFURT, Jan 27 (Reuters) - Rising borrowing costs are giving a long-awaited lift to Europe's beleaguered banks, but they come with a sting in the tail. Last year central banks ended a decade of rock-bottom interest rates as the U.S. Federal Reserve and then the European Central Bank moved towards tightening. But while rising rates are good news for bank profits, they herald a slowdown in an economy hit by war and runaway prices that squeeze borrowers and could prick pricing bubbles, most notably in property. "On the one hand, interest rates are going up, which is good and helps banks," said Jerome Legras of Axiom Alternative Investments. Germany's financial regulator BaFin recently warned that a rapid rise in interest rates could weigh on some banks, and that loans may sour.
The first full-color image released from the next-generation James Webb Space Telescope is the sharpest infrared image of the distant universe ever produced, according to NASA. Space Telescope Science Institut / NASA, ESA, CSA, STScI, Webb ERONASA released the first batch of images from the tennis court-sized observatory to much fanfare in July. The exoplanet HIP 65426 b in different bands of infrared light, as seen from the James Webb Space Telescope. Back to the moonFifty years after the final Apollo moon mission, NASA took key steps toward returning astronauts to the lunar surface. Chinese officials have also said they intend to use the space station for space tourism and commercial space initiatives.
From Pence to Haley, here's how Republicans are laying the groundwork for presidential runs. The next step will be hiring teams in Iowa and New Hampshire, Doug Heye, a longtime GOP aide and strategist, told Insider. The stakes for losing the nomination aren't all bad, even if Republicans might come out of it with an unforgettable Trump nickname. After all, one of the people running for president could end up getting chosen as running mate or get a seat on the new president's Cabinet. Insider identified 17 people who could seek the Republican nomination in 2024, including Sens.
U.S. Vice President Kamala Harris, who chairs the National Space Council, has signaled her intention to codify new rules for private space activities, but the plan for the executive order has not been reported. The executive order is considered an early step to simplify existing regulations before new rules take shape. Companies like Blue Origin, Axiom Space and others are developing private space stations with unclear procedures for how they can court foreign governments as customers or execute their missions in space. Private space stations like Orbital Reef, which Blue Origin is developing with Boeing and Sierra Space, could be deployed by 2030. White House officials have held several "listening sessions" with space companies since Nov. 14 to discuss what rules the space industry would like to see, according to people familiar with the meetings.
U.S. Vice President Kamala Harris, who chairs the National Space Council, has signaled her intention to codify new rules for private space activities, but the plan for the executive order has not been reported. The executive order is considered an early step to simplify existing regulations before new rules take shape. Companies like Blue Origin, Axiom Space and others are developing private space stations with unclear procedures for how they can court foreign governments as customers or execute their missions in space. However, a lack of rules governing private in-space activities complicates space companies' ties with prospective customers, investors and insurers that need more legal certainty. Private space stations like Orbital Reef, which Blue Origin is developing with Boeing and Sierra Space, could be deployed by 2030.
"The successful completion of the capital increase is a key milestone for the new Credit Suisse," its chief executive Ulrich Koerner said in a statement. Credit Suisse had already raised 1.8 billion francs by placing stock with a group of institutional investors led by Saudi National Bank (1180.SE). The exercise of subscription rights left only 16.4 million shares unsold. These are due to be sold on the market at or above the offer price of 2.52 Swiss francs, Credit Suisse said. Credit Suisse, has been battered by mishaps, including a $5.5 billion loss on U.S. investment firm Archegos.
Credit Suisse has already placed some 1.8 billion francs worth of shares with a group of institutional investors led by Saudi National Bank. "The rights issue is the necessary start to the process, said Jerome Legras of Axiom Alternative Investments. REVAMP AND RECORD LOWSCredit Suisse shares, which have plumbed record lows, were buoyed last week as its leadership sought to reassure markets. After closing above 3 Swiss francs on Monday, they have retreated slightly, finishing Wednesday’s session at 2.851 Swiss francs. Crucially, they have held above the deal subscription price of 2.52 Swiss francs and were at 2.821 Swiss francs, down around 1% in mid-session trade on Thursday.
If you're a retailer, and it's the holiday season, the thing you most want consumers to feel is a sense of urgency. Unlike last year, holiday shoppers don't need to fear empty shelves at the store. Walmart said it saw more shoppers with incomes above $100,000 ring up items in its stores, drawn in by less expensive groceries. He suggests investors position themselves in discounters like Walmart or Family Dollar or in luxury stocks like RH or Lululemon . She explained that many shoppers perceive Target as a place where "you go in for two items and come out $150 later."
"He has surprised everyone before," said Alex Conant, who managed communications for Sen. Marco Rubio's 2016 presidential campaign. Jeb Bush's 2016 presidential campaign and is a Trump critic. John Kasich's presidential campaign, is clear: He predicts neither Trump, President Joe Biden, nor Vice President Kamala Harris will be their respective parties' nominees in 2024. Asked whether Trump could win if he stopped talking about 2020, she replied, "Can Trump turn into a unicorn?" Glenn Youngkin's 2021 campaign in Virginia as well as Sen. Ted Cruz's 2016 presidential campaign.
LONDON, Oct 27 (Reuters) - Seeking to restore vigour to a business that's been languishing, Credit Suisse (CSGN.S) says it will reshape its investment bank by resurrecting the First Boston brand. Still, Credit Suisse says it expects CS First Boston to generate 14% of total group revenue by 2025, starting with annual sales of about $2.5 billion. Credit Suisse has been plagued by an exodus of senior bankers over the past 18 months. Yet most trading activities will remain within Credit Suisse, raising questions on CSFB's ability to compete with the likes of Goldman Sachs and JPMorgan (JPM.N). Credit Suisse is hoping to eventually pursue an initial public offering of CSFB, Körner told analysts.
And Italy's UniCredit (CRDI.MI) raised its 2022 profit goal, helped by higher interest rates and lower loan loss provisions that also drove quarterly earnings above forecasts. For years, banks bemoaned ultra loose monetary policy, but now higher interest rates means banks can start to benefit from the increased gap between what they charge borrowers and what they pay savers. Standard Chartered's third-quarter profit surged 40% as higher interest rates boosted the emerging markets-focused bank's income, giving it ammunition to upgrade its revenue outlook despite a weakening global economy. For Santander, higher loan loss provisions in key markets like Brazil and the United States overshadowed better than expected third-quarter earnings. While benefiting from higher interest rates, banks also face the unwinding of a scheme that buoyed their profits for years.
Investing in Space: You must be this rich to ride
  + stars: | 2022-10-13 | by ( Michael Sheetz | ) www.cnbc.com   time to read: +2 min
CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. For decades, only those selected and trained by the world's superpowers could journey to space. Then came Dennis Tito, a man who left NASA and built his fortune in finance – a fortune he used to become a space tourist. Two decades after Tito's first mission, the long-promised marketplace for space tourism is finally burgeoning. And yes, space tourism is currently only for the wealthy, and those lucky enough to ride along with them.
Janet Kavandi, president of Sierra Space, scientist and astronaut, attends the International Astronautical Congress (IAC) space exploration conference in Paris, France, September 19, 2022. No private company has built a space station. "It is one of many considerations," Sierra Space President Janet Kavandi said of a public offering, speaking to Reuters at the International Astronautical Congress in Paris. Sierra Space hopes to have the first elements of the station in orbit by about 2027. "I don't think you can overstate its importance," Michael López-Alegría, Axiom's chief astronaut, said of getting their space station to market first.
The country bought the seats from Axiom Space as part of a plan to send Saudi astronauts to the ISS. Axiom Space did not immediately respond to Insider's request for comment made outside of usual working hours. Axiom operates missions to and from the ISS and is also building the first commercial destination in space, Axiom Station, according to its website. The four-man civilian crew also traveled on a SpaceX Crew Dragon spaceship, per NASA. SpaceX and the Saudi Space Commission did not immediately respond to Insider's request for comment made outside normal working hours.
Saudi Arabia buys pair of SpaceX astronaut seats from Axiom
  + stars: | 2022-09-20 | by ( ) www.cnbc.com   time to read: +3 min
Under the deal, two Saudi astronauts will ride SpaceX's Crew Dragon capsule to the space station for a roughly weeklong stay early next year, the sources said. Officials with the Saudi Space Commission, Riyadh's space agency founded in 2018, were not immediately available to comment. The Saudi astronauts will join two previously announced Americans, retired NASA astronaut Peggy Whitson and race car driver and investor John Shoffner, the sources said. For Axiom and other space companies, cutting deals with foreign governments is seen as vital to sustaining a business centered on putting people in space. Axiom's astronaut flight business is crucial experience for the company's broader goals of deploying its own private space station by mid-decade.
Under the deal, two Saudi astronauts will ride SpaceX's Crew Dragon capsule to the space station for a roughly weeklong stay early next year, the sources said. Officials with the Saudi Space Commission, Riyadh's space agency founded in 2018, were not immediately available to comment. The Saudi astronauts will join two previously announced Americans, retired NASA astronaut Peggy Whitson and race car driver and investor John Shoffner, the sources said. Axiom launched its first private mission to the space station in April, sending a four-man crew to the space station aboard a SpaceX Crew Dragon capsule that included a Canadian investor and an Israeli businessman. Axiom's astronaut flight business is crucial experience for the company's broader goals of deploying its own private space station by mid-decade.
We took over four school boards.”“Eleven seats on school boards, took over four!” Bannon shouted as a crowd of CPAC attendees erupted in applause. In the neighboring city of Southlake, Patriot Mobile donated framed posters that read “In God We Trust” to the Carroll Independent School District during a special presentation before the school board. Nearly 200 people signed up to speak during public comments before the board vote at the school board meeting in Grapevine, Texas. Patriot Mobile paid Vanguard Field Strategies nearly $150,000 to run get-out-the-vote canvassing operations across the four school districts, according to financial disclosures. “This is the most extreme board policy that we have seen related to classroom censorship,” Huddleston said.
Current and former employees at prominent quant trading operations spoke to Insider anonymously for this story, citing fear of legal reprisals. "At the NSA, the penalty for leaking is twenty-five years in prison," Simons liked to tell employees, according to Gregory Zuckerman's book "The Man Who Solved the Market." In the early 2000s, quant noncompetes were narrower and shorter — six to nine months was industry standard, quant recruiters who had to navigate these obstacles told Insider. But it has aggressively pursued employees it believes have crossed the firm, according to court filings and media reports. Absent such changes, quant noncompetes will likely continue to proliferate with little resistance from employees.
Persons: Ken Griffin, they'd, It's, Matt Moye, they've, David Marshall, Jim Simons, George Soros, John Paulson, Philip Falcone, Jonathan Ernst, RenTech, Simons, Gregory Zuckerman's, Moye, quant, Pavel Volfbeyn, Alexander Belopolsky, spooked, Eric Wepsic, Shaw, , Izzy Englander, Rick Wastrom, Smith Hanley, Jane Street burgeoned, Peter Friedman, Brennan Hughes, Griffin —, They've, Friedman, Chase Lochmiller, Ray Dalio, Jane Street, Hughes, Samuel Estreicher, Estreicher, I'm, David, Wastrom, Marshall, noncompetes Organizations: Citadel Securities, Renaissance Technologies, Citadel, St John's Law School, Center for Labor, Employment, REUTERS, NSA, Fund, RenTech, Millennium Management, Millennium, D.E, Trading, Integra Advisors, Wall, Google, Sigma, Polychain, Getty, Bridgewater Associates, National Labor Relations Board, Schonfeld Strategic Advisors, Group, New York University, school's Center for Labor, John's Law, , New Locations: America, Bridgewater, New York, Hudson, Riker's Island, Houston, Chicago, Connecticut, — California, St, New York , Illinois
SpaceX astronauts on the Ax-1 ISS mission will return on Monday, NASA's head of spaceflights said. Poor weather conditions delayed the return of the SpaceX Crew Dragon spaceship. "We want about 2-days between #Ax1 return & Crew-4 launch for @NASA & @SpaceX to complete data reviews & stage recovery assets. Ax-1 includes a crew of four in the first all-private flight, which took place aboard the SpaceX Crew Dragon spaceship. Axiom is expected to launch a second commercial mission to the ISS in late 2022 or spring 2023.
Интернациональный экипаж будет состоять из трех частных астронавтов и командира, астронавта-исследователя NASA Майкла Лопеса-Алегриа. Первые туристы, которые в 2021 году отправятся на Международную космическую станцию на корабле Crew Dragon компании SpaceX миллиардера Илона Маска, подписали контракт. "Интернациональный экипаж из трех частных астронавтов и командира подписал контракт с Axiom. Позже руководство компании объявит подробности, однако уже сейчас известно, что полет состоится не ранее конца 2021 года. Предполагается, что продолжительность такого тура составит 10 дней: два дня полета и восемь дней отдыха на станции.
Persons: SpaceX, Майкл ЛопесаАлегриа, Илона Маска, Илон Маск Organizations: NASA, Международная космическая станция Locations: Марс
Первые туристы, отправляющиеся в 2021 году на Международную космическую станцию на корабле Crew Dragon компании SpaceX Илона Маска, подписали контракт, сообщила американская фирма Axiom Space. В марте Axiom Space заказала у компании SpaceX полет Crew Dragon на МКС. В январе Axiom Space сообщила, что планирует создать четыре коммерческих модуля (узловой, исследовательско-производственный, жилой и обзорный) для МКС с запуском первого из них в 2024 году. Компания Axiom Space основана в 2016 году бывшим руководителем программы МКС в НАСА Майклом Саффредини. В декабре 2021 года намечается полет "Союза МС-20" на МКС с экипажем из российского космонавта и двух туристов.
Persons: SpaceX, Илона Маска, Майкл ЛопесаАлегриа, Майкл Саффредини, Чарльз Симони Organizations: Международная космическая станция, НАСА, МКС, Союз
O poveste despre prietenie și iertare. O poveste fictivă istorică, unde mai multe personalități se strâng să comemoreze moartea lui Jane Austen. Un roman despre o femeie care devine obsedată de o notiță găsită la întâmplare în pădure. The Year of the Witching de Alexis Henderson. Povestea e despre o lume proiectată după o pandemie care omoară 99 % dintre bărbații de pe planetă.
Persons: Emma Straub, Jennifer Weiner, Jane Austen, Natalie Jenner, Brit Bennett, Silvia Moreno, Garcia, Stephen Graham Jones, Luster, Raven, Ella Berman, Death, Riley Sager, Holt, Alex North, Alice Feeney, Lucy Foley, Agatha Christie, Devolution, Max Brooks, Lindsay Ellis, Alexis Henderson, Afterland, Lauren Beukes, Carole Stivers, John Moe, Hollywood Park, Mikel Jollet, Crawford, Molly Wizenberg, Elizabeth Acevedo, Suzanne Collins, Loveless, Alice Oseman, Emily Henry ., Meryl Wilsner, Kate Organizations: SF, Goodreads, Hollywood, Stanford Locations: New York, New England, Angeles, Hollywood
Total: 24