SpaceX wins $2.9 billion NASA contract for moon lander, with 2024 goal

SpaceX wins .9 billion NASA contract for moon lander, with 2024 goal
Brief Updates

BREAKING NEWS BRIEF


Man accused of dragging, assaulting police officer in mask dispute

Menards store
Image Source: Google

A 61-year-old Minnesota man is in police custody after dragging a police officer with his car and assaulting him with a hammer following a report of an assault that began as a mask dispute, police say.

Police were called to a Menards store on Wednesday after the suspect, identified as Luke Alvin Oeltjenbruns, allegedly attacked an employee with lumber amid a mask dispute.

The incident happened roughly 60 miles west of where George Floyd and Daunte Wright, both Black men, were killed.

What transpired once the police arrived?


More Breaking News

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FBI says it interviewed FedEx mass shooter last year

Police make arrests in deaths of 2 North Carolina transgender women


THIS UNIQUE STOCK COULD SEE A HUGE SURGE THIS YEAR


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Perfect Stock Caught Trading Under Secret Name

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It’s expected to see massive revenue in 2020 – $100 billion.

The company holds over 29,000 patents in the U.S.

It pays an enormous dividend.

And yet…

It’s ultra-cheap – less than $3.


MARKET UPDATE


Concerns over inflationary pressure on earnings will test stocks in the week ahead

Earnings season gets into full swing in the week ahead and will be a major focus for investors. 

So far, earnings growth for the S&P 500 is 30.2%, based on actual reports and estimates, making it the best quarter since the third quarter of 2010, according to FactSet.

Lori Calvasina, head of U.S. equity strategy at RBC, said she is watching the coming week’s earnings for signs of margin pressures from higher commodity prices, supply chain issues and other cost factors.

Earlier President Joe Biden proposed raising corporate taxes to 28% from 21% to help pay for his infrastructure plan.

While the fate of the tax hike is still not clear, the increase in other costs is apparent. Fuel costs have risen sharply with a 30% rise in oil prices since the beginning of the year. Lumber prices in the futures market are at an all-time high and copper futures are up about 17% year-to-date.

What other things should you be aware of for next week?


More Market Updates

S&P 500 hits another record, marks 4th weekly gain in a row

Are you looking in the wrong place for future gains?

Dogecoin is up 400% in the past week. Here’s why one crypto exec says he still isn’t buying


AROUND THE GLOBE


This is why the sky in Beijing is turning yellow – check out the incredible photos

A photo of the yellow sky in Beijing
Image Source: Reuters / Tingshu Wang

The sky across Beijing is turning a dark yellow and there are some incredible photos surfacing of the phenomenon.  

Images show a dreary and dark yellow smog over the city as sand and dust particles unexpectedly rolled into the area. The sudden dust storm sent pollution levels soaring and the air quality index rose to a staggering 324 during the onset of the storm. The air quality worsened overnight Thursday and into Friday when it exceeded a whopping 1,300 in some parts of the city. 

The dust storm is unusually bad this year due to high winds that are accompanying the sand and dust particles invading the city. But where did the major dust cloud originate from and what other areas in China is it expected to affect?


More World News

This is how the Queen will say goodbye to Prince Philip

WHO chief warns the pandemic is approaching its worst level yet

Why was this Russian magazine raided by authorities and its journalists arrested?


EDUCATION


Minneapolis schools moving to distance learning for Chauvin trial verdict

Minneapolis Public Schools are moving to back to distance learning for the second half of next week in anticipation of a verdict in the Derek Chauvin trial. 

MPS announced Friday that in-person learning will continue for all grades on Monday and Tuesday, but from Wednesday through Friday, all students will return home for distance learning. 

When can students expect to return to some semblance of normalcy?


More Education Headlines

25% of students postponed college during the pandemic, some indefinitely

Students from this college want to defund their campus police


GET STARTED INVESTING


There’s no reason investing has to be overly complicated

How the 3-fund portfolio works
Image Source: Clever girl finance

Many people see investing as this intense, high-stakes, minimal reward activity that is just too daunting for everyday people to master. 

The fact of the matter is, though, that investing can actually be pretty straightforward and highly rewarding.

There are different approaches you can take to investing. One great way for beginners is the 3 fund portfolio, also known as the lazy portfolio. 

It’s an investing strategy that contains only 3 assets and allows countless people grow their nest egg with little time and effort. 

So what does it entail and how can you get started?


More Investing Headlines

Why did Pinterest stock take a nosedive yesterday?

Former SEC investment management director shares his No. 1 piece of advice for new investors


Stay Informed, 

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Rex Jackson

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Rex Jackson
Writer & Editor of Brief Updates