SEA WALL
Scientists have confirmed a cave on the moon that could be used to shelter future explorers
Scientists have confirmed the existence of a cave on the moon near the Apollo 11 landing site, potentially offering shelter for future astronauts. Located at the Sea of Tranquility, 250 miles from where Neil Armstrong and Buzz Aldrin landed, the cave is accessible from the deepest known pit on the moon. This discovery, led by an Italian team using NASA's Lunar Reconnaissance Orbiter data, suggests there could be hundreds of similar pits and lava tubes. These natural shelters could protect astronauts from cosmic rays, solar radiation, and micro-meteorites, offering an alternative to building habitats from scratch.
Australian shares hit record high as banks and miners gain
Australian stocks hit record highs, driven by banks, miners, and healthcare. S&P/ASX 200 rose 0.9%. BHP, Rio Tinto, Woodside Energy, CSL, and Ramsay Health Care performed well. New Zealand’s S&P/NZX 50 fell 0.1%, awaiting inflation data. Technology stocks like Xero gained. The Reserve Bank of New Zealand held the cash rate but may ease policy.
US stocks back at records while European bourses retreat
Wall Street equity indices advanced to fresh records Tuesday as markets embraced commentary from Federal Reserve Chair Jerome Powell, while European bourses retreated on unease about upcoming French elections. But bourses in Paris and Frankfurt both retreated amid concerns about the potential economic fallout should the far right win power in France in weekend elections.
Asian stocks build on Wall St records after US inflation data
Asian traders extended a rally across world markets Thursday as they welcomed figures showing US inflation slowed further last month, tempering concerns about the Federal Reserve's forecast of just one interest rate cut this year. However, the Fed later in the day released its keenly awaited "dot plot" outlook for interest rates, which showed that decision-makers saw just one cut this year -- down from three predicted in its previous guidance in March.
Real-life Tony Stark, Larry Connor plans his next adventure to Titanic wreck a year after OceanGate
Ohio billionaire Larry Connor is preparing for a daring return expedition to the Titanic wreck, partnering with Triton Submarines CEO Patrick Lahey to develop a new submersible for the mission. The new submersible, Triton 4000/2 Abyssal Explorer, is designed to dive to depths of 4,000 meters and features unique "Gull Wings" to protect marine life. Connor's determination was strengthened after the tragic implosion of the Titan submersible last year, which resulted in the loss of five passengers. The mission aims to demonstrate the safety and potential of deep-sea exploration while highlighting the wonders of the ocean.
Asian markets fall after US data dent rate cut hopes
Asian markets fell on Friday following Wall Street's sell-off triggered by strong US data, raising concerns about the Federal Reserve delaying interest rate cuts.
Chinese ambassador promises 'friendship' and 'cooperation' as 2 Chinese warships dock in Cambodia
Chinese warships docked at Sihanoukville Port for joint naval exercises near Ream Naval Base. Concerns over China's presence in the South China Sea. Ambassador Wang Wentian emphasizes cooperation. Controversy over Golden Dragon exercises, responses from Hun Sen and Gen. Vong Pisen, and denials of foreign military bases in Cambodia.
Chinese warships have been docked in Cambodia for 5 months, but government says it's not permanent
Cambodia's Defense Ministry insisted Wednesday that the months-long presence of two Chinese warships in a strategically important naval base that is being newly expanded with funding from Beijing does not constitute a permanent deployment of the Chinese military in the country.
Asian shares mixed as Fed's Powell rethinks rate cuts, yields jump
Asian shares reacted to the dollar's strength amid U.S. rate cut uncertainty. Markets saw mixed performances, with various currencies and indices responding differently. Powell's cautious stance and IMF's growth forecast added to the market dynamics.
Israeli troops leave Gaza's Shifa Hospital a wreck in sea of rubble
Israeli forces have withdrawn from Al Shifa Hospital in Gaza City after a two-week operation, leaving behind a scene of destruction. The military claimed to have killed and detained hundreds of gunmen in clashes in the area, seizing weaponry and intelligence documents. Gaza's Civil Emergency Service alleged that Israeli forces executed two people at the hospital and used bulldozers to exhume buried bodies. Israel said operations inside the hospital were conducted to prevent harm to civilians, patients, and medical teams. Hamas-run Gaza media reported 400 Palestinian deaths in the area.
US consumer prices rise more than expected in January, Wall Street slumps
The consumer price index (CPI) increased 0.3% last month after gaining 0.2% in December, the Labor Department's Bureau of Labor Statistics said on Tuesday. Annual revisions to the CPI data published last Friday were mixed, but generally showed inflation was on a downward trend after surging in 2022. In the 12 months through January, the CPI increased 3.1%. That followed a 3.4% advance in December.
Insurers seek to exclude US, UK ships from Red Sea coverage
Houthi militants have stepped up attacks on commercial ships in the past few days, making good on a threat to respond to airstrikes that the US and UK carried out on Friday.
Wall Street Week Ahead: Red Sea tensions put focus on struggling U.S. energy stocks
The energy sector has slumped nearly 3% since late October, a period during which the S&P 500 has surged 16%. The benchmark index rose 24% for all of 2023, while energy fell 4.8%, the second-largest drop last year among S&P 500 sectors.
Is Xi Jinping's 'China Dream' beginning to crumble?
Chairman Xi Jinping's once golden touch seems to be fading as China faces challenges on multiple fronts. Allegations of corruption within the People's Liberation Army (PLA) are hampering its readiness, with reports of missiles being filled with water. Xi's purges and reports of corruption are also impacting the CCP's direction and relations with key adversaries.
Asia stocks fall as Wall Street rally stalls
Asian shares fell on Thursday after Wall Street snapped a long winning streak, while Treasury yields were near five-month lows on hopes Britain's notably soft inflation reading would be echoed in looming U.S. price data.
Wall Street ends higher, extending rate-cut rally
U.S. stocks gained ground on Monday as market participants parsed mounting expectations of interest rate cuts from the Federal Reserve in the coming year and looked ahead to a week of crucial economic data.
Wall St inches up as oil stocks jump; US Steel soars on buyout deal
Oil majors Chevron climbed 0.8% and Exxon Mobil added 1.7% as crude prices rallied nearly 3% as mounting attacks by the Yemeni Houthis on ships in the Red Sea disrupted maritime trade and raised concern of supply disruption.
Wall St rally loses steam as data-heavy week looms, yields rise
Pressuring equities on Monday were higher US Treasury yields, which made returns on stocks less attractive. Megacap names including Nvidia, Meta Platforms and Apple fell between 0.7% and 2.6%. Traders have priced in the likelihood that the central bank will keep rates unchanged next week, with about 59% betting on rate cuts starting as soon as March 2024, according to the CME Group's FedWatch tool.
Russia plans naval base on Black Sea coast of breakaway Georgian region - Izvestiya
Aslan Bzhania, the self-styled president of the Russian-backed breakaway region, said an agreement had been signed for a permanent naval base in the Ochamchira region. "We have signed an agreement, and in the near future there will be a permanent base of the Russian Navy in the Ochamchira district," Bzhania told Izvestiya.
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