ibt-mailNov 20, 2024, 10:08 AM

Musk's SpaceX Starship Fails To Repeat As Trump Looks On

Newsletter Nov 20, 2024 Quick Six Musk's SpaceX Starship fails to repeat as Trump looks on SpaceX's Starship megarocket blasted off on its latest test flight Tuesday, with President-elect

Newsletter Nov 20, 2024

Quick Six

Musk's SpaceX Starship fails to repeat as Trump looks on
SpaceX's Starship megarocket blasted off on its latest test flight Tuesday, with President-elect Donald Trump joining Elon Musk to witness the spectacle firsthand. But Trump was deprived of the chance to see the booster stage caught in the launch tower's "chopstick" arms, an engineering marvel he lauded during his election victory speech. Instead, the colossal Super Heavy first stage made a more subdued splashdown in the Gulf of Mexico. The company cited unmet technical criteria, dampening the triumph of an event attended by a bevy of Trump-world figures.
HOW LONG CAN THE TRUMP-MUSK 'BROMANCE' LAST?

Trump nominates TV's Dr. Oz to head Medicare, Medicaid
President-elect Donald Trump nominated TV's "Dr. Oz" on Tuesday to head the federal agency that spends nearly one-quarter of the federal budget to provide health care to about half the country. Trump made Dr. Mehmet Oz his choice to be the next administrator of the Centers for Medicare and Medicaid Services, known as CMS. Like many of Trump's other nominations, this one was met with widespread opposition from the medical community.
TRUMP TAPS LUTNICK AS HIS SECRETARY OF COMMERCE

Walmart shoppers willing to pay more for faster delivery
Nearly one-third of Walmart online shoppers in the US are willing to pay $10 extra to get their goods sooner — and the added cost is helping push the company's e-commerce business toward profitability. Walmart says express delivery purchases will arrive in two hours or less. Walmart Chief Financial Officer John David Rainey said on Tuesday that 30% of orders placed during the past two quarters came with payment for "express delivery."
FASTER DELIVERY IS FUELING WALMART'S BOTTOM LINE

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Markets

DJIA	43,268.94	-0.28%
S&P 500	5,916.98	0.40%
Nasdaq Composite	18,987.47	1.04%
Japan: Nikkei 225	38,427.01	0.03%
UK: FTSE 100	8,099.02	-0.13%
Crude Oil Futures	69.53	0.20%
Gold Futures	2,641.00	0.38%
Yen	154.87	0.14%
Euro	1.06	0.04%
* As of market close

Putin angry as Ukraine hits targets in Russia

The Ukrainian military fired U.S.-supplied longer-range missiles into Russia for the first time on Tuesday. Ukraine said it hit a Russian arms depot with the Army Tactical Missiles System missile (ATACMS). President Joe Biden allowed Ukraine to use the missiles against military targets in Russia after Ukrainian President Volodymyr Zelensky pushed for and received authorization to use ATACMS missiles to target select locations inside Russia. Russian President Vladimir Putin warned that the act would mean that NATO was "at war" with his nation.

SEE HOW PUTIN IS RESPONDING TO UKRAINE'S BOMBINGS

Is AI's meteoric rise finally starting to slow?

A growing belief in Silicon Valley could have immense implications: the breakthroughs from large AI models -- the ones expected to bring human-level intelligence in the near future -- may be slowing down. Since the launch of ChatGPT in 2022, AI fans have maintained that improvements in generative AI would accelerate exponentially as tech giants kept investing. Progress was advancing at such a rapid pace that leading industry figures, including Elon Musk, called for a moratorium on AI research. Yet the major tech companies, including Musk's own, pressed forward, spending tens of billions of dollars.

SEE WHY AI MAY HAVE MORE LIMITATIONS THAN ANTICIPATED

Record travel expected for Thanksgiving

Americans are expected to set a travel record this Thanksgiving, with nearly 80 million people forecast to journey 50 miles or more from home -- an increase in 1.7 million over last year and 2 million more than in 2019, according to travel group AAA. The projected figures this year include, for the first time, the Tuesday before and the Monday after Thanksgiving, providing a more comprehensive view of the travel period as more people travel to celebrate the holiday season.

SEE HOW TRAVEL PRICES COMPARE TO PREVIOUS HOLIDAYS

Extra point

When did the number of air travelers surpass train travelers in the US?

Monday's answer: The oldest fast food restaurant chain still in operation is White Castle, which was founded in 1921 in Wichita, Kansas.

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