U.S. Markets open in 1 hr 17 mins

Boeing's Starliner lands in desert: company

FILE PHOTO: The Boeing CST-100 Starliner spacecraft is guided into position above a United Launch Alliance Atlas V rocket at Cape Canaveral

WASHINGTON (Reuters) - Boeing Co's Starliner astronaut spacecraft landed in the New Mexico desert on Sunday, the company said, after faulty software forced officials to cut short an unmanned mission aimed at taking it to the International Space Station. 

The 7:58 a.m. ET (1258 GMT) landing in New Mexico's White Sands desert capped a turbulent 48 hours for Boeing's botched milestone test of an astronaut capsule that is designed to help NASA regain its human spaceflight capabilities.

The landing will yield the mission's most valuable test data after failing to meet its core objective of docking to the space station. 

Starliner's three main parachutes deployed just over one mile (1,600 meters) from the Earth's surface after enduring intense heat from the violent reentry through the atmosphere, plummeting at 25 times the speed of sound. 


(Writing by Sonya Hepinstall; Editing by Frances Kerry)

  • Coronavirus and Mideast tensions aren’t the stock market’s biggest problems this week, strategist warns
    Business
    MarketWatch

    Coronavirus and Mideast tensions aren’t the stock market’s biggest problems this week, strategist warns

    He said the S&P 500 (SPX)could see a pullback of as much as 5%. Stocks are relatively priced for perfection, and you tend to have a bit of an overreaction to bad news or in-line news when that happens,” he continued. With a crowded slate of earnings on tap, Hogan warned that it will probably be the biggest winners getting the biggest haircuts.

  • How the stock market has performed during past viral outbreaks, as epidemic locks down 16 Chinese cities
    World
    MarketWatch

    How the stock market has performed during past viral outbreaks, as epidemic locks down 16 Chinese cities

    According to Dow Jones Market Data, the S&P 500 posted a gain of 14.59% after the first occurrence of SARS back in 2002-03, based on the end of month performance for the index in April, 2003. About 12 months after that point, the broad-market benchmark was up 20.76% (see attached table): SARS resulted in a total of about 8,100 people being sickened during the 2003 outbreak, with 774 people dying, according to data from WHO and the Centers for Disease Control and Prevention. Separately, the S&P 500 rose 11.66% in the roughly six months following reports of the 2006 Avian flu virus — a fast-moving pathogen also known as H5N1.

  • Business
    MarketWatch

    All 30 Dow stocks are falling, with Apple and Boeing the biggest drags

    All 30 of the Dow Jones Industrial Average's (djia) components are falling in premarket trading Monday, as the anxiety grows over the spreading of the corovnavirus that originated from China. The biggest drags on the Dow, which is a price-weighted index, are the selloffs in the shares of Apple Inc. (aapl) and Boeing Co. (ba) Apple's stock fell 2.5%, while the implied price decline was shaving about 54 points off the Dow's price.

  • Stock market news live: Stock futures slump as coronavirus death toll rises
    World
    Yahoo Finance

    Stock market news live: Stock futures slump as coronavirus death toll rises

    Global equity markets slumped Monday morning as fears over the deadly coronavirus flared further. The sell-off kicked off a busy week for potentially market-moving earnings and economic data releases – including U.S. fourth-quarter GDP and a Federal Reserve rate decision – on a volatile note. a.m.

  • One of the most successful stock-market investors says these 3 events ‘would definitely trigger a bear market’
    Business
    MarketWatch

    One of the most successful stock-market investors says these 3 events ‘would definitely trigger a bear market’

    Stanley Druckenmiller, one of Wall Street's most successful investors, acknowledges that the markets are riding high and that investors may be able to finally breathe freely in the short term after a number of shocks, but says investors should be wary of three events that could knock assets into a bear market. One of the reasons I'm pretty sanguine right now is I think we're close enough to the election, at least we can breathe for a few months,” he told Bloomberg Television during a recent interview. But there are a trio of situations that could upend that optimism — and perhaps permanently.

  • News
    TheStreet.com

    Coronavirus, Dow Futures Plunge, Google and Kobe Bryant - 5 Things You Must Know Monday

    Stock futures sank Monday and global markets fell sharply as investors weigh both the human and economic costs of the accelerating spread of the deadly coronavirus, which has killed 80 people and expanded to at least 10 different countries. Five cases of coronavirus have been confirmed in the United States. China's National Health Commission has confirmed more than 2,700 cases of the deadly disease and cautioned that its incubation period could be as long as 14 days, creating a new challenge for authorities around the world attempting to screen visitors from China who might be carrying the virus.

  • Business
    MarketWatch

    Marathon Petroleum raises dividend, pushing yield above energy-sector peer group

    Marathon Petroleum Corp. (mpc) said Monday it will raise it quarterly dividend by 9.4%, to 58 cents a share from 53 cents. The stock was still inactive in premarket trading. The new dividend will be payable March 10 to shareholders of record on Feb. 19.

  • Adam Schiff's Closing Remarks at Impeachment Trial Disturbs Some GOP Senators
    Politics
    Meredith Videos

    Adam Schiff's Closing Remarks at Impeachment Trial Disturbs Some GOP Senators

    Senate Republicans said lead impeachment prosecutor Adam Schiff insulted them during the trial by repeating an anonymously sourced report that the White House had threatened to punish Republicans who voted against President Donald Trump.

  • This basket of dividend growth stocks can help your portfolio stand out in 2020
    Business
    MarketWatch

    This basket of dividend growth stocks can help your portfolio stand out in 2020

    Analysts at Goldman Sachs are highlighting a “dividend growth basket” of stocks at a time when valuations for the U.S. stock market have shot up to their second-highest level since June 2002. In the firm's recent “U.S. Weekly Kickstart” report Jan. 3, the analysts, led by David Kostin, recommended investors be cautious and look for “growth at a reasonable price,” but also included a group of dividend stocks with low price-to-earnings valuations relative to the S&P 500 (SPX) that also appear likely to continue raising their dividend payouts more quickly than the broader market.

  • Why the coronavirus outbreak could trigger a stock-market pullback
    Business
    MarketWatch

    Why the coronavirus outbreak could trigger a stock-market pullback

    However, the missing ingredient to temporarily halt the advance in the market has been a catalyst,” said Jeff deGraaf, chairman of Renaissance Macro Research, in a Friday note. U.S. stocks gave up early gains Friday, trading lower as the death toll in China mounted and after the Centers for Disease Control and Prevention confirmed a second case in the U.S. Cases have turned up in other countries as well, including Japan, Taiwan, South Korea and Singapore. The S&P 500 index (SPX) fell 0.9% Friday, for its biggest one-day loss since Oct. 8, while the Dow Jones Industrial Average (DJIA) 170.36 points, or 0.6%.

  • Business
    Financial Times

    Fidelity chief on becoming the fund house to fear

    When Fidelity International moved into its new London headquarters last year, chief executive Anne Richards spotted a problem. Ms Richards' phone and computer are typically found on a desk in the open-plan floor where her investment colleagues sit. An engineer by training, who once applied to be an astronaut, Ms Richards is interested in the geeky aspects of the investments business.

  • U.S. stock futures fall sharply as worries over spread of China’s coronavirus intensifies
    World
    MarketWatch

    U.S. stock futures fall sharply as worries over spread of China’s coronavirus intensifies

    U.S. stock futures indicated sharp losses for major indexes on Monday, continuing a drop seen from late last week, as concern grows over the fallout from China's coronavirus, with the death toll and number of infected climbing dramatically from last week. Worries about the spread of the China virus drove stocks to their lowest levels in over a week on Friday. The Dow (DJIA) closed down 170.36 points, or 0.6%, at 28,989.73, while the S&P 500 (SPX) lost 0.9% to finish at 3,295.47.

  • Roth IRA Contributions with No Job?
    Business
    Investopedia

    Roth IRA Contributions with No Job?

    The internal Revenue Service (IRS) gets a little grumpy if you contribute to a Roth individual retirement account (IRA) without what it calls earned income. You don't necessarily need a formal job to contribute to a Roth IRA. Although it's not true in all cases, if you're paying taxes on any type of income from working, there's a good chance that you can make Roth IRA contributions.

  • Young trader’s epic Beyond Meat stock misfire: ‘Biggest mistake of my life’
    Business
    MarketWatch

    Young trader’s epic Beyond Meat stock misfire: ‘Biggest mistake of my life’

    For veteran Wall Street types, $12,000 is a rounding error, but for a guy getting his feet wet in the options pits, losing that much will leave a scar. Unfortunately, that's what happened this week to an anonymous trader whom we'll call “Juice,” if the sob story he shared on Reddit is accurate. “I thought I'd give options a try because I was doing pretty well swing trading and it was probably the biggest mistake of my life,” he wrote in a post.

  • Norway tells Toyota to stop calling hybrid cars “self-charging”
    Business
    Quartz

    Norway tells Toyota to stop calling hybrid cars “self-charging”

    Toyota pioneered the hybrid-electric Prius in 1997, but it has steered clear of developing all-electric cars. Executive vice-president Shigeki Terashi said last June that the company's policy toward battery-electric vehicles hasn't changed, citing a limited supply of batteries. “We are not shifting our focus to prioritize battery EVs, nor are we abandoning our [hydrogen fuel cell] strategy,” he said.

  • No Survivors in Helicopter Crash That Killed Kobe Bryant, Eight Others
    U.S.
    WSJ

    No Survivors in Helicopter Crash That Killed Kobe Bryant, Eight Others

    Kobe Bryant, the former Los Angeles Lakers superstar, died in a helicopter crash on Sunday, NBA officials confirmed to league employees. He was 41 years old. Bryant's 13-year-old daughter, Gianna, was also killed in the crash.

  • Tesla earnings: Will results help keep the rally alive?
    Business
    MarketWatch

    Tesla earnings: Will results help keep the rally alive?

    The company will have to convince investors that its fundamentals justify the string of record highs the stock has hit since mid-December. Investors will zero in on Tesla's 2020 sales outlook, said Garrett Nelson, an analyst with CFRA. Generally, we think the recent stock price run-up has greatly raised the bar in terms of expectations and elevated the risk of disappointment,” he said.

  • Business
    Barrons.com

    Pfizer Reports Earnings Tomorrow. Here’s What to Expect.

    (PFE)'s spinoff of its off-patent drug division is drawing closer, and investors are eager for more details on Pfizer's outlook for its new, slimmed-down future. Pfizer (ticker: PFE) shares have rebounded a bit in the past few months. The stock rose 19.7% between Aug. 23 and Jan. 23, beating the broader S&P 500 index, which is up 17.7% over the same period, and keeping pace with the S&P 500 Pharmaceutical, Biotech, and Life Sciences Industry Group, also up 19.7%.

  • Ford Focus, Fiesta owners get transmission settlement that could top $100M
    Business
    USA TODAY

    Ford Focus, Fiesta owners get transmission settlement that could top $100M

    Ford Motor Co. has agreed to settle a class-action lawsuit with nearly 2 million owners and former owners of Focus and Fiesta vehicles with bad dual-clutch transmissions known as the DPS6, according to court documents filed late Friday. A lawyer who helped broker the deal on behalf of consumers said the Ford payout could exceed $100 million. ... It's up to the consumer whether they want to let Ford keep their money.

  • 3 Monster Growth Stocks That Are Ready for the Next Leg Higher
    Business
    TipRanks

    3 Monster Growth Stocks That Are Ready for the Next Leg Higher

    With no price increases expected for three years and little to no competition anticipated from Novartis' recently released ADAKVEO antibody treatment for sickle cell disease, the analyst thinks the market opportunity is large. Bearing this in mind, she bumped up the price target from $120 to $143 in addition to maintaining her bullish call. To watch Moussatos' track record, click here) In terms of the rest of the Street, a majority of analysts also see GBT as a Buy, 13 out of 16 to be exact.

  • Want to solve the retirement crisis? Invest $7,500 for every baby born in America
    Business
    MarketWatch

    Want to solve the retirement crisis? Invest $7,500 for every baby born in America

    This federal program, which doles out an average monthly benefit of about $1,500, was never meant to be the sole source of retirement income for older Americans. One recent proposal aims to change that. As part of his work with the Stanford Center on Longevity, Ric Edelman, chairman and co-founder of Edelman Financial Engines, proposed a new vehicle to generate an additional source of retirement income.

  • Fed starts some tricky communications with financial markets this week
    Business
    MarketWatch

    Fed starts some tricky communications with financial markets this week

    The Federal Reserve seems on course to disappoint financial markets at some point this year, but maybe not this week. Starting early in 2019, the Fed has consistently moved in a market-friendly direction. The central bank cut rates its benchmark interest rate three time since July and started expanding its balance sheet in October at a $60 billion per-month pace of Treasury bill purchases.

  • Texas Instruments Incorporated (NASDAQ:TXN) Stock Goes Ex-Dividend In Just 3 Days
    Business
    Simply Wall St.

    Texas Instruments Incorporated (NASDAQ:TXN) Stock Goes Ex-Dividend In Just 3 Days

    Texas Instruments's next dividend payment will be US$0.90 per share, on the back of last year when the company paid a total of US$3.60 to shareholders. Calculating the last year's worth of payments shows that Texas Instruments has a trailing yield of 2.8% on the current share price of $130.52. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends.

  • The best week to be a stock-picker is here: Morning Brief
    Business
    Yahoo Finance

    The best week to be a stock-picker is here: Morning Brief

    The busiest week of fourth quarter earnings season is about to get underway. This week, companies collectively representing 35% of the S&P 500's market cap will report their quarterly results, according to data from Bank of America Global Research. Wednesday's notable reporters will include Microsoft (MSFT), Facebook (FB), AT&T (T), Boeing (BA), and McDonald's (MCD); big companies reporting Thursday will include Amazon (AMZN), Visa (V), Verizon (VZ), Coca-Cola (KO), and Amgen (AMGN).

  • Peak Permian Is Approaching Faster Than You Think
    Business
    Bloomberg

    Peak Permian Is Approaching Faster Than You Think

    Its boom has allowed America to export more than 3 million barrels a day of crude on a regular basis since May — more than every OPEC country except Saudi Arabia and Iraq. Output from the region, where oil was first discovered by W.H. Abrams a century ago with a well that produced just 10 barrels a day, is hitting new heights. The latest edition of the EIA's Drilling Productivity Report, published on Tuesday, shows that the Permian rig count fell to 402 in December, down from 485 a year earlier.