Author: starbpo

Recent ending of its second moon-landing expedition after less than 24 hours on the lunar surface, Intuitive Machines Inc., a space-exploration corporation, has had an exciting few weeks. Still, the company’s sights are clearly toward the future; Monday’s fourth-quarter earnings emphasize a backlog of upcoming projects. After its fourth-quarter revenue increased 79% year-over-year, Intuitive Machines’ (LUNR) stock was up 6.9% in premarket trade on Monday. Rising from $30.6 million in the previous year’s quarter, revenue for the three months ended December 31, 2024, was $54.7 million. FactSet’s analysts asked were seeking income of $55.7 million. With a record backlog of…

A nine-month story started as a scheduled eight-day stay on the International Space Station for the two NASA astronauts was ended when the SpaceX Crew Dragon capsule carrying Butch Wilmore and Suni Williams splashed down in the Gulf of Mexico off the coast of Florida on Tuesday. Technical issues hampered the Boeing Co. (BA) Starliner capsule that carried the astronauts to the orbiting space lab in June, forcing NASA to extend their stay on the ISS and finally have them catch a trip home with Boeing competitor SpaceX. In August, the Starliner spacecraft under issue returned to Earth empty-handed. For…

Given gold’s run to record intraday highs 15 times so far this year, silver may not be first thought when investing in precious metals. But the white metal might soon take the stage in what one expert described as a “powerful” surge to its highest pricing on record. Peter Spina, founder and president of investor websites GoldSeek.com and SilverSeek.com, advised investors seeking chance to play gold and silver bull markets to consider “silver is a hidden, precious gem.” Currently, silver (SI00) (SIK25), a far smaller market in terms of trading volume, has lagged the surge in gold (GC00) (GCJ25). Dow…

Time may not be on the side of those still neglecting to file their taxes. Less than a month remains until the April 15 deadline for income-tax returns and tax payment due-process. Seeking an extension allowing you to postpone filing until October 15 is the usual action taken by time-pressed taxpayers. Millions of people, primarily wealthier taxpayers, take an extension every year. It gives taxpayers extra time to compile documentation and finish their forms, therefore allowing them to miss the April 15 deadline yet avoid paying penalties and interest. By Tax Day, they must, however, pay any taxes they anticipated…

Saying the bid “is highly opportunistic in nature,” Australian miner Gold Road Resources LTD. said Monday it has turned down a hostile-takeover offer from South Africa-headquartered Gold Fields Ltd. Gold Fields (GFI) was offered to pay A$3.05 ($1.92) per share in cash, split between A$2.27 a share plus a variable portion equal to the proportion of Gold Road’s shareholding in De Grey Mining. Offering a 28% premium over the closing share price Friday of A$2.38, the acquisition had a total enterprise value of A$2.4 billion. Gold Fields claimed it sought to acquire complete ownership of Gruyere, a joint-venture gold mine…

Though President Donald Trump said in his inaugural speech in January that “America’s decline is over,” investors seeing stocks sink in recent weeks have not received much compassion from the White House. Rather, Trump, who in November one economist called America’s “most pro-stock-market president” ever, has shocked Wall Street by prioritizing tariffs above “pro-growth” elements of his plan and asserting he is not even looking at the market turbulence. By following a recent theme whereby the White House won’t rule out a recession, Trump’s staff has undermined investor confidence, especially among older Americans who own much of the stock market.…

Russian air defence systems shot down more than 10 missiles over the Crimean port of Sevastopol late on Saturday, a Russian-installed official said, forcing transport disruptions on the peninsula that Moscow annexed from Ukraine. “Our military is repelling a massive attack on Sevastopol,” Mikhail Razvozhayev, the Russia-installed governor of Sevastopol, said on the Telegram messaging app. Preliminary information showed more than 10 missiles had been shot down, he added. One woman suffered a shrapnel injury and infrastructure was damaged, including an office building and a gas line, he added. Sea and road transport linking Russia’s mainland with the Crimean Peninsula,…

The U.S. military has taken defensive action against Houthi targets in Yemen, specifically hitting three underground weapons storage facilities, according to an announcement from U.S. Central Command (CENTCOM) on Friday. These strikes were aimed at disrupting capabilities utilized by the Houthis to menace and attack ships, both naval and merchant, in the surrounding region, as stated in a release on X. Additionally, CENTCOM reported the destruction of four unmanned aerial vehicles (UAVs) within Houthi-controlled areas in Yemen, asserting these actions were taken in self-defense. Recent assaults by Yemen’s Houthis in the Red Sea area, purportedly in solidarity with Palestinians in…

A senior US official has suggested that Chinese chipmaker Semiconductor Manufacturing International Corp. (SMIC) may have violated American law if it produced a processor for the sanctioned telecom giant Huawei Technologies Co., according to recent statements. Under Secretary of Commerce for Industry and Security Alan Estevez, while testifying before lawmakers, acknowledged the potential breach when questioned about SMIC’s involvement in manufacturing a 7-nanometer processor for Huawei. The revelation led to a notable decline in SMIC’s shares, indicating investor concerns over potential legal implications. Estevez refrained from disclosing details of any ongoing investigations but expressed shared concerns regarding the matter. Estevez…

In the latest twist of Vietnam’s anti-corruption saga, the country’s president has resigned, further fueling political uncertainty in its rapidly expanding economy. The ruling Communist Party’s relentless “blazing furnace” campaign against corruption has claimed yet another high-profile figure, with Vice President Vo Thi Anh Xuan stepping in as the acting president. This move marks Xuan’s second time serving as acting president, previously assuming the role during the resignation of Vo Van Thuong’s predecessor in early 2023. However, the upheaval among top leadership positions is casting doubts on Vietnam’s political stability, even as its economy assumes a pivotal role in global…