Intuitive Machines shares descend fast after the CEO says the moon lander is on its side
Featured , Feb 23, 2024, BY Reuters

By Akash Sriram, Harshita Mary Varghese and Joey Roulette (Reuters) -Shares of moon lander maker Intuitive Machines tumbled 30% in extended trade, wiping out a Friday rally after the company said its spacecraft had tipped over shortly after touching down on the lunar surface a day earlier. The stock of the first private company to successfully land on the moon nearly doubled from $4.98 before the Feb. 15 launch to $9.59 as of Friday's close. Friday's late-day sell-off left it below $7. Still, the company said the spacecraft Odysseus is "alive and well" and engineers were sending commands to the…

U.S. investors retreat from equity funds on rate cut uncertainty
Featured , Feb 23, 2024
Featured, Feb 22, 2024
Bitcoin ETFs test investor commitment to gold-backed paper

By Ashitha Shivaprasad and Manya Saini (Reuters) -A surge of interest in bitcoin exchange-traded funds is prompting some investors to swap out holdings in gold-backed ETFs, although analysts and fund managers said they are unlikely to challenge bullion longer term.…

Featured, Feb 22, 2024
Nvidia fuels global stock records, bond yields rise

By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) -AI chipmaker Nvidia's stunning results sparked a worldwide wave of record highs in equity markets on Thursday, including the first new peak for Japan's Nikkei since 1989, while bond yields mostly…

Featured, Feb 22, 2024
Aerospace giants form coalition to stop unauthorized parts from entering supply chain

(Reuters) - Aerospace giants including Airbus, Boeing and GE Aerospace on Thursday announced the formation of a coalition that would aim to prevent unauthorized parts from entering the global supply chain. The move comes after jet engine maker CFM International,…

Featured, Feb 22, 2024
Brazil’s Lula says Hyundai to invest $1.1 billion in Brazil

SAO PAULO (Reuters) - Automaker Hyundai Motor is planning to invest more than $1.1 billion in Brazil by 2032, Brazilian President Luiz Inacio Lula da Silva said on Thursday. The announcement came after a meeting between Lula and Hyundai's Executive…