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As SpaceX Takes Off, Small Rocket Startups Fall Behind

  • As SpaceX Takes Off, Small Rocket Startups Fall Behind As SpaceX Takes Off, Small Rocket Startups Fall Behind 6:11
    Coronavirus Update: Covid-19 Treatment Hopes, Aerospace Survival Plans Coronavirus Update: Covid-19 Treatment Hopes, Aerospace Survival Plans 2:26
    Coronavirus Update: Boeing Cuts, Votes Postponed, Virus-Hit Navy Ship Coronavirus Update: Boeing Cuts, Votes Postponed, Virus-Hit Navy Ship 2:09
    Understanding a World in Transition Understanding a World in Transition 1:06
6:09 a.m. July 2, 2020 - By Greg Robb
U.S. factory orders rise for first time in three monthsFactory orders rose 0.8% in May, the first gain in three months, the Commerce Department said Thursday. Economists surveyed by MarketWatch were expecting a 9.7% gain. Orders fell a revised 13.5% in the prior month and 11% in March as the economy was locked down from the pandemic. In May, durable goods orders rose 15.7%, only slightly down from last week's initial reading of a 15.8% increase. Orders for nondurable goods were up 2% in the month. Orders for nondefense capital goods, excluding aircraft rose 1.6% in May, down from the prior estimate of a 2.3% rise.
4:39 a.m. July 2, 2020 - By Victor Reklaitis
U.S. trade deficit widens in May to $54.6 billionThe U.S. trade deficit widened by 9.7% in May to $54.6 billion, the . Economists surveyed by MarketWatch had predicted the deficit would widen to a seasonally adjusted $53.1 billion. Exports in May fell 4.4% to $144.5 billion, while imports declined 0.9% to $199.1 billion. Total exports are down 32% from May 2019, while imports are down 25%, as the coronavirus pandemic slows global trade.
6:32 p.m. July 1, 2020 - Associated Press
Pompeo defends Trump administration response to intelligence assessments about Russian bounties on U.S. lives in Afghanistan Intelligence officials say the White House first became aware of alleged Russian bounties in early 2019 — a year earlier than previously reportedIntelligence officials have told the AP that the White House first became aware of alleged Russian bounties in early 2019 — a year earlier than previously reported.
1:22 p.m. June 30, 2020 - Associated Press
SpaceX launches military’s newest GPS satellite after 2-month delay Booster successfully lands on ocean platform; advanced GPS satellite joins 31 others in orbitA Falcon 9 rocket blasted off from Florida’s Cape Canaveral Air Force Station, carrying the GPS satellite to orbit.
10:31 a.m. June 30, 2020 - By Claudia Assis
Airbus to cut workforce in bid to weather its 'gravest crisis'Airbus SE said Tuesday it will cut about 15,000 jobs by next summer as it aims to "resize" its workforce and commercial-airplane operations in response to the coronavirus pandemic. "The commercial aircraft business activity has dropped by close to 40% in recent months as the industry faces an unprecedented crisis," the European plane maker said in a statement. Air traffic is not expected to recover to before COVID-19 levels before 2023 and potentially as late as 2025, so Airbus needs to take "additional measures" to reflect the industry's outlook. The largest job cuts will happen in Germany and France, with 5,100 and 5,000 positions eliminated, the company said. Airbus will rely on voluntary departures, early retirements, and long-term part-time arrangements "where appropriate" to achieve the planned workforce reduction and mitigate social impact, it said. "Airbus is facing the gravest crisis this industry has ever experienced," Chief Executive Guillaume Faury said in the statement. "The measures we have taken so far have enabled us to absorb the initial shock of this global pandemic. Now, we must ensure that we can sustain our enterprise and emerge from the crisis as a healthy, global aerospace leader, adjusting to the overwhelming challenges of our customers." American depositary shares of Airbus were fractionally higher in late trading Tuesday and shares of Boeing Co. fell more than 6%. Aircraft makers have struggled amid the pandemic as travel has slowed to a trickle and airline customers delay or forgo plane orders.
2:40 a.m. June 30, 2020 - By Callum Keown
High volatility is here to stay in 2020. Goldman names 31 stocks to deliver the best returns amid the turbulenceThe grim milestones of 10 million global coronavirus cases and more than 500,000 deaths, along with spikes in a number of U.S. states, haven't deterred investors on Monday. U.S. stock futures pointed higher before the open, despite more indications a second wave may be around the corner.
4:58 a.m. June 29, 2020 - By Tomi Kilgore
Boeing's stock surge would about 60 points to the Dow, after report 737 MAX test flights to beginShares of Boeing Co. have extended gains to 5.2% in premarket trading Monday, to pace all of the Dow Jones Industrial Average's early gainers, after reports that U.S. regulators are set to begin flight tests of the grounded 737 MAX. The stock's implied price gain would add about 60 points to the Dow, while Dow futures rose 89 points. Citing people familiar with the details, the flights, which could begin as early as Monday, and are scheduled to last three days. The 737 MAX planes have been grounded for 15 months, following two deadly accidents. Boeing's stock has gained 4.9% over the past three months, but had tumbled 47.8% year to date, while the Dow has run up 15.6% over the past three months while losing 12.3% this year.
7:16 p.m. June 28, 2020 - Associated Press
‘This is as bad as it gets,’ says Pelosi as Trump denies he was briefed on Russian bounties in Afghanistan Growing furor as president downplays allegations of bounties on U.S. troopsPresident Donald Trump on Sunday denied that he had been briefed on reported U.S. intelligence that a Russian military intelligence unit secretly offered bounties to Taliban-linked militants for killing American troops in Afghanistan, and he appeared to minimize the allegations against Moscow.
12:47 p.m. June 28, 2020 - Associated Press
Suspect arrested after fatal shooting at Louisville protest over killing of Breonna Taylor A 27-year-old man was fatally wounded in Saturday night shooting in downtown Louisville Police in Kentucky say a suspect is in custody in the death of a man who was fatally shot amid a protest over the killing of Breonna Taylor.
12:40 p.m. June 28, 2020 - By Andy Pasztor
FAA set to begin test flights for Boeing 737 Max as soon as Monday Long-awaited milestone for getting grounded planes back in the airThe airborne checks, slated to be conducted in conjunction with Boeing and scheduled to last three days, mark a long awaited milestone for getting the Max fleet back in the air.
4:03 p.m. June 26, 2020 - By Laurence Norman
EU set to name countries from which tourists will be welcomed next month, and U.S. didn’t make the cut Approval by European Union’s member states for post-pandemic reopening of travel is expected SaturdayEuropean Union member states have drawn up a list of 15 countries whose citizens may be allowed to travel again to the bloc starting July 1 that excludes the U.S. but includes Canada, Japan and possibly China, diplomats said.
1:12 p.m. June 26, 2020 - Associated Press
Pentagon’s Esper seeks to reassure NATO allies amid Trump threat to reduce troops in GermanyU.S. Defense Secretary Mark Esper on Friday sought to reassure allies at NATO that Washington will consult them on any future troop movements, after President Donald Trump surprised partners at the military alliance by announcing the withdrawal of thousands of personnel from Germany.
12:58 p.m. June 26, 2020 - Associated Press
Federal appeals court says Trump unlawfully transferred military funds to border-wall constructionThe 9th U.S. Circuit Court of Appeals agreed with a coalition of border states and environmental groups that contended the money transfer was unlawful and that building the wall would pose environmental threats.
5:38 p.m. June 25, 2020 - Associated Press
Virgin Galactic stock jumps after hours following second successful test flight Company one step closer to commercial space flightsVirgin Galactic on Thursday celebrated the second successful glide flight of its spaceship over Spaceport America in southern New Mexico.
12:28 p.m. June 25, 2020 - By Victor Reklaitis
Watchdog says Washington’s growing swampier, even as coronavirus lockdowns let Congress climb off ‘hamster wheel of fundraising’ Meredith McGehee of Issue One talks about transparency in the government’s aid spending, racial inequalities, how democracy is ‘damn hard work’ and moreAs the coronavirus crisis and nationwide protests shake up Washington, Issue One’s Meredith McGehee speaks with MarketWatch about the November elections, the government’s massive aid spending, racial inequalities and more.
2:42 a.m. June 25, 2020 - By Ciara Linnane
Virgin Galactic preps for second test flight from New MexicoVirgin Galactic Holdings Inc. said Thursday it's preparing for a second test flight from New Mexico as of today with the weather looking favorable through the end of the week. The company will offer an update on the results of the second glide flight of SpaceShip Two, which will enable the team to evaluate systems and vehicle performance in advance of rocket-powered space flights from a new operating base in New Mexico. The first glide flight on May 1 tested the components needed to fly the carrier aircraft and spaceship in glide formation and included pilot training and the testing of ground operations. On Monday, the aerospace company struck a deal with NASA to train and outfit future space travelers in a bid to boost space tourism. Shares were up 3% premarket and have gained 34% in the year to date, while the S&P 500 has fallen 6%.
6:49 a.m. June 24, 2020 - By Greg Robb
IMF slashes world growth outlook for 2020 and sees sluggish turnaround next year Global economy now seen contracting 4.9% in 2020, almost 2 percentage points below April forecastThe International Monetary Fund again cut its global economic forecast for 2020 on Wednesday, saying that the coronavirus pandemic has caused an unprecedented decline in global activity.
2:42 p.m. June 23, 2020 - Associated Press
Democrats and Republicans sharply divided over policing reforms — here’s a side-by-side comparison of their positions Democratic leaders in the Senate say Republican policing proposal is ‘not salvageable’ and call for bipartisan negotiationsDemocratic leaders in the Senate say Republican policing proposal is ‘not salvageable’ and call for bipartisan negotiations.
2:30 p.m. June 23, 2020 - Associated Press
Minneapolis police chief calls George Floyd’s death a murder Officer Derek Chauvin knew what he was doing in pressing his knee on Floyd’s neck because he had taken specific training on the dangers of positional asphyxiation, says Police Chief Medaria ArradondoThe Minneapolis police chief says the death of George Floyd was “murder” and that the officer who pressed his knee into Floyd’s neck knew what he was doing because he had taken specific training on the dangers of positional asphyxiation.
8:29 a.m. June 22, 2020 - By Claudia Assis
Virgin Galactic stock rallies after company strikes NASA space-tourism deal Company to train future space tourists to the ISSVirgin Galactic to train future space tourists in deal with NASA.
6:26 a.m. June 22, 2020 - Associated Press
Two dead and seven wounded in block-party shooting in Charlotte, N.C.Two people were killed and seven others were wounded in an early Monday shooting in North Carolina’s largest city, police said, while five others were hit by vehicles
4:54 a.m. June 22, 2020 - By Victor Reklaitis
Democrats’ chances of Senate takeover rise, and that could affect health care, energy and financial services, analysts say Polling ‘suggests vulnerability’ for incumbent Republican senators in Arizona, Colorado, IowaAs presumptive Democratic presidential nominee Joe Biden’s polling lead over President Donald Trump grows, analysts say Democrats’ chances of taking control of the Senate are rising as well.
4:39 a.m. June 22, 2020 - By Tomi Kilgore
Virgin Galactic's stock shoots up after Space Act agreement with NASAShares of Virgin Galactic Holdings Inc. shot up 15% in premarket trading Monday, after the aerospace company focusing on spaceflight for private individuals announced a Space Act agreement with NASA for private orbital spaceflights to the International Space Station (ISS). Under terms of the agreement, Virgin Galactic will develop a private orbital astronaut readiness program, including identifying people interested in buying private missions to the ISS. "We are excited to partner with NASA on this private orbital spaceflight program, which will not only allow us to use our spaceflight platform, but also offer our space training infrastructure to NASA and other agencies," said Chief Executive George Whitesides. "Based on the unsurpassed levels of spaceflight customer commitments we have secured to date, we are proud to share that insight in helping to grow another market for the new space economy." Virgin Galactic's stock has climbed 29.9% year to date through Friday, while the S&P 500 has slipped 4.1%.
4:45 p.m. June 20, 2020 - By Philip van Doorn
Here are the best and worst stocks during the first 100 days of the coronavirus pandemic The information-technology and consumer-discretionary sectors were the top performers The information-technology and consumer-discretionary sectors were the top performers.
5:26 p.m. June 19, 2020 - Associated Press
Bolton book adds urgency to Trump bid to depict himself as a China hawk and to paint Biden as a Beijing apologistThe Trump campaign has been running television ads seeking to portray Democratic presidential nominee Joe Biden as a puppet of China, but, according to a new book by former Trump national-security adviser John Bolton, Donald Trump in 2019 warned Chinese President Xi Jinping that the Democrats were actually hostile toward Beijing.
11:34 a.m. June 19, 2020 - Associated Press
Navy decides not to reinstate Capt. Crozier and extends reprisal to admiral onboard USS Theodore Roosevelt Prior probe led to the recommended reinstatement of Crozier, who had urged action to protect crew amid coronavirus outbreakPrior probe recommended reinstatement of Capt. Brett Crozier, who had urged action to protect his crew amid a coronavirus outbreak.
6:50 a.m. June 19, 2020 - By Steve Goldstein
This fund manager whose biggest short was Wirecard says he is the most bullish toward stocks since 2009Why one fund manager is the most optimistic he has been about the stock market in a decade.
5:37 a.m. June 19, 2020 - By Victor Reklaitis
Biden’s running-mate search is getting ‘outsized attention’ and could even shake the stock market — here’s how Presumptive Democratic presidential nominee’s decision on his vice president is expected around Aug. 1As Joe Biden’s campaign works on picking his running mate, the effort is drawing heightened interest for several reasons — some of them arising from 2020’s unprecedented tumult.
4:16 a.m. June 19, 2020 - Associated Press
Atlanta police stage ‘blue flu’–style sick-out in protest of murder charge against officer who shot Rayshard Brooks Police officers Rolfe and Brosnan turned themselves in Thursday; Rolfe was held without bondPolice officers Rolfe and Brosnan turned themselves in Thursday; Rolfe was held without bond.
6:20 a.m. June 18, 2020 - By Victor Reklaitis
Supreme Court blocks Trump's termination of DACA programThe Supreme Court on Thursday ruled that President Donald Trump's administration cannot cancel the Deferred Action for Childhood Arrivals program as planned. The DACA program has provided legal protections and work authorizations to "Dreamers," meaning illegal immigrants who came to the U.S. as children.
4:27 a.m. June 18, 2020 - Associated Press
How June afternoon in Lafayette Square could join Charlottesville and Helsinki as moments that define the Trump legacyOnly a few legacy-defining moments have clung to President Donald Trump, who often appears to emerge relatively unscathed from a seemingly endless stream of crises and controversies. But the forceful clearing of demonstrators from the park across from the White House has resonated like few others, prompting top military leaders and usually lockstep Republicans to distance themselves.
4:02 a.m. June 18, 2020 - Associated Press
Prosecutors say Chauvin had knee on Floyd neck for 7 minutes 46 seconds, not 8 minutes 46 seconds One-minute error in commonly understood time frame should have no impact on the criminal case against four officers, says Hennepin County Attorney Mike Freeman’s officeOne-minute error in commonly understood time frame should have no impact on the criminal case against four officers, says Hennepin County Attorney Mike Freeman’s office.
3:46 a.m. June 18, 2020 - Associated Press
Louisiana Democrat’s bid to strip police of immunity from excessive-force suits fails More than a dozen black lawmakers stood together in the room to support Jordan’s bill — some left in tearsMore than a dozen black lawmakers stood together in the room to support Jordan’s bill — some left in tears when Republicans on the House civil law committee rejected the measure.
3:50 p.m. June 17, 2020 - Associated Press
Lawmakers accuse FAA of deliberately withholding documents on Boeing 737 Max Republican senator says ‘FAA has deliberately attempted to keep us in the dark’ over jetliner’s approval processSenators of both parties lashed out at the Federal Aviation Administration on Wednesday, accusing it of stonewalling their attempts to understand how the agency approved a Boeing jet that later suffered two deadly crashes and whether it retaliates against whistleblowers in its ranks.
2:05 p.m. June 17, 2020 - Associated Press
Two journalists reportedly injured by police while covering protests in Portland, Ore. Both reporters described police as launching into profanity-laced responses when they identified themselves, telling them their press credentials did not matterOregon Public Broadcasting reports Oregonian journalist Beth Nakamura recounted being slammed by a baton while Portland Tribune reporter Zane Sparling said he was shoved into a wall by a police officer and hit by a crowd control munition.
2:40 p.m. June 16, 2020 - Associated Press
Justice Department lawyers to testify before House Judiciary Committee about DOJ politicization under William Barr Subpoenas announced Tuesday for career DOJ employees Aaron Zelinsky and John Elias, whom the committee’s chairman, Rep. Jerrold Nadler, has characterized as whistleblowersThe subpoenas set up a potential showdown between Congress and Attorney General William Barr about whether the prosecutors would be allowed to appear before the committee and what they would be permitted to discuss.
10:55 a.m. June 16, 2020 - Associated Press
Seattle police pledge to protect ‘CHOP’ protest zone: ‘There is no cop-free zone in the city’Seattle’s police chief says officers will go into the several-block area being occupied by protesters if there are threats to public safety, even as President Donald Trump threatened federal intervention.
11:37 a.m. June 15, 2020 - By Greg Robb
Empire State index shows stable conditions in June after two months of record declines Headline business conditions index climbs 48 points to reading of -0.2, just below a reading that would indicate stabilizationThe New York Fed’s Empire State business conditions index jumped 48 points to just below a steady reading in June, the regional Fed bank said Monday.
6:30 a.m. June 15, 2020 - Associated Press
Supreme Court refuses to take up challenges to gun-control lawsGun-rights advocates had hoped the court would expand the constitutional right to “keep and bear arms” beyond the home.
4:31 a.m. June 15, 2020 - By Tomi Kilgore
GE's CEO of aviation business to retire after 12 years in the roleGeneral Electric Co. said Monday that David Joyce, chief executive officer of GE Aviation, will retire, after 12 years in the role and 40 years at the company. The industrial conglomerate said it named John Slattery, CEO of Embraer S.A.'s commercial aviation business, will be CEO of GE Aviation, effective July 13. GE's stock dropped 3.6% in premarket trading. The stock slumped 8.0% last week to snap a 3-week win streak in which the stock rallied 43.5%. In comparison, the Dow Jones Industrial Average fell 5.6% last week, after running up 14.5% the previous 3 weeks.
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