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SpaceX Releases Starship Orbital Live Updates

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SpaceX Releases Starship Orbital Live Updates

33 minutes ago

NASA chief congratulates SpaceX

NASA President Bill Nelson congratulated SpaceX after the first integrated flight test.

“Every great achievement throughout history demands some level of calculated risk, because with great risk comes great reward,” he said. In a tweet. “We look forward to everything SpaceX learns, the next flight test and beyond.”

– Sarah Salinas

42 minutes ago

Atmosphere in Texas

SpaceX’s next-generation Starship spacecraft lifted off from its powerful Super Heavy rocket on April 20, 2023, for a brief test flight from the company’s Boca Chica launch pad near Brownsville, Texas, USA.

Ko Nakamura | Reuters

After the launch the crowd has now mostly dispersed.

Spectators packed the beach on South Padre Island cheered as the super-heavy booster ignited, and screamed even louder as the rocket began to move from the launch pad.

Those cheers were quickly drowned out by the thunder of the starship’s Raptor rocket engines. I wore earplugs and the sound of the engines shook the ground as the starship disappeared into the sky, and I felt like I wasn’t there.

– Michael Sheets

48 minutes ago

Next data review

SpaceX has indicated that the company will review data from launch to develop its next venture.

“With a test like this, success comes from what we learn, and today’s test will help improve the reliability of the starship.”

– Michael Sheets

50 minutes ago

Musk teases the next test launch

Musk tweeted after the 3-plus-minute flight that the company “learned a lot” and teased “next test launch in a few months.”

– Sarah Salinas

52 minutes ago

View from South Padre Island

Here’s a view of the launch from South Padre Island, five miles from the launch pad.

– Michael Sheets

54 minutes ago

No crew on board

SpaceX’s next-generation Starship spacecraft lifted off from its powerful Super Heavy rocket on April 20, 2023, for a brief test flight from the company’s Boca Chica launch pad near Brownsville, Texas, USA.

Ko Nakamura | Reuters

To be clear, there was no one aboard this first attempt to reach space by starship. The company’s leadership has previously emphasized that SpaceX expects to fly hundreds of Starship missions before people can launch them on rockets.

– Michael Sheets

59 minutes ago

A major milestone has been reached

Before the mid-flight failure, the starship reached a major milestone: the super-heavy booster successfully separated from the rocket and began its descent back to Earth.

– Sarah Salinas

An hour ago

Lack of space

The SpaceX Starship lifts off from the launch pad during a flight test from Starbase in Boca Chica, Texas on April 20, 2023.

Patrick D. Fallen | AFP | Good pictures

According to Harvard-Smithsonian astrophysicist Jonathan McDowell, the SpaceX rocket flew a maximum of 39 kilometers, or about 127,000 feet. That distance is less than the internationally recognized 100 kilometers as the limit of space.

– Michael Sheets

An hour ago

The starship failed mid-flight

SpaceX’s Starship launched from Starbase in Boca Chica, Texas on Thursday, April 20, 2023. The giant new rocket exploded in the Gulf of Mexico minutes after its first test flight.

Eric K | AP

The Starship rocket failed in mid-air about 4 minutes after its historic launch. The company said in a tweet that a “rapid unplanned extraction” had occurred, indicating that the rocket had been destroyed. As a reminder, no group is on the boat.

– Sarah Salinas

An hour ago

First flight views from the plane

SpaceX’s live stream showed the first on-board images from mid-flight 2 minutes after launch.

– Sarah Salinas

An hour ago

Liftoff

SpaceX’s next-generation Starship spacecraft lifts off from its powerful Super Heavy rocket from the company’s Boca Chica launch pad on April 20, 2023, for a brief test flight near Brownsville, Texas, USA.

Spacex | Reuters

The starship is launched, the super-heavy booster fires its Raptor engines and lifts off from the pad.

– Michael Sheets

An hour ago

holding

SpaceX engineers have a 40-second countdown clock to check the systems.

– Sarah Salinas

An hour ago

Earrings

With a minute to spare, I put on earplugs.

The agency warned that the sound of the rocket booster’s 33 engines firing simultaneously could be heard in nearby districts. SpaceX noted that “individuals’ experience will depend on weather and other conditions,” but the bottom line is that higher rockets are much louder.

– Michael Sheets

An hour ago

Impulse loading continues, a stage complete

The SpaceX Starship sits on the launch pad, seen from South Padre Island, Texas, as it prepares for a flight test from Starbase in Boca Chica, Texas, on April 20, 2023.

Patrick D. Fallen | AFP | Good pictures

One stage of propellant loading is complete, says Innsbrucker, “and the second stage closes the header tank load.

Loading is expected to be completed at the remaining stage T-3, notes Insbrücker, adding, “We’re not hearing the demand we have right now.”

– Sarah Salinas

An hour ago

‘good news’

John Innsbrucker, SpaceX’s principal integration engineer, said there was only “good news” for SpaceX teams on T-12, and that there were no significant problems with the launch vehicle.

“Everything continues to go well to start on time,” he said.

– Sarah Salinas

An hour ago

Under D-15

The countdown to launch is down to T-15, about the time SpaceX halted Monday’s attempt due to a frozen pressure valve.

– Sarah Salinas

An hour ago

Starship by the numbers

The SpaceX Starship rocket stands on the launch pad from the SpaceX Starbase in Boca Chica as seen from South Padre Island, Texas on April 17, 2023.

Patrick D. Fallen | AFP | Good pictures

Fully stacked on a superheavy booster, the Starship is 394 feet tall and about 30 feet in diameter—the tallest rocket ever assembled.

A super heavy booster is what starts the rocket’s journey into space. At its base are 33 Raptor engines that together generate 16.7 million pounds of thrust — more than double the 8.8 million pounds of thrust of NASA’s Space Launch System (SLS) rocket, which launched for the first time late last year.

The starship has six Raptor engines, three for use in Earth’s atmosphere and three for operating in the vacuum of space.

– Michael Sheets

An hour ago

Starship refuels

SpaceX loads the Super Heavy Booster with liquid oxygen and liquid methane, the propellants the company uses to fuel rocket engines.

In total, the rocket is loaded with more than 10 million pounds of propellant.

– Michael Sheets

An hour ago

Press conferences on South Padre Island

Press assembles on South Padre Island to watch SpaceX attempt to launch its Starship rocket on April 20, 2023.

Michael Sheets | CNBC

I’m sitting on some makeshift bleachers with other journalists near the amphitheater on the southern tip of South Padre Island, overlooking the starship on the launch pad five miles away.

For reference, the press base at NASA’s Kennedy Space Center is just over three miles from the launch pad in Florida.

It’s a bit foggy here near the starbase, and SpaceX said its launch team is “keeping an eye on the weather.”

– Michael Sheets

2 hours ago

Boot window

SpaceX has a 62-minute window to receive the Starship today. The window opens at 9:28 a.m. ET and runs through 10:30 a.m. ET.

– Michael Sheets

Dozens of people have been killed in clashes during the month of Ramadan in Yemen’s capital, Sana’a

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Dozens of people have been killed in clashes during the month of Ramadan in Yemen’s capital, Sana’a

image caption,

The distributors have been arrested

At least 78 people have been killed in clashes at a school in the Yemeni capital Sana’a during a Ramadan charity event, officials said.

TV footage showed crowds of people unable to move and many in distress in the Bab al-Yemen area of ​​the city.

Hundreds of people reportedly gathered at the school late Wednesday to receive donations of around $9 (£7; €8) per person.

The rebel Houthi movement has controlled Sanaa since 2015.

A video posted on social media shows people writhing on the ground with dozens of bodies, some of them motionless. See others trying to help.

Two local businessmen who organized the event have been arrested and are being investigated, the Home Ministry said.

A spokesman for the ministry accused it of “random distribution” of funds without coordination with local authorities.

A health official in Sana’a said another 13 people were seriously injured.

“The dead included women and children,” a Houthi security official told the AFP news agency on condition of anonymity because he was not authorized to speak to journalists.

The insurgents reportedly sealed off the school and prevented people, including journalists, from approaching.

The Houthis have reportedly agreed to pay $2,000 (£1,600) to each family that lost a relative, while those injured will receive around $400 (£322).

Yemeni Basics

  • Yemen was devastated by a conflict in 2015 when the Houthis overran large parts of the country and a Saudi-led coalition intervened to support the Yemeni government.
  • More than 150,000 people have died in the conflict, widely seen as a proxy war between Saudi Arabia and Iran.
  • More than 23 million people – three-quarters of the population – need some form of help
  • Yemen’s internationally recognized government is now based in Aden

The event took place during the final days of the Muslim holy month of Ramadan.

A major prisoner swap between Yemen’s warring sides began last week, seen as part of serious efforts to end the devastating eight-year conflict.

Mohamed Ali al-Houthi, head of the Houthis’ Supreme Revolutionary Committee, blamed Wednesday’s crackdown for the country’s humanitarian crisis.

“We hold the occupying countries responsible for what has happened to the bitter reality the Yemeni people are living because of the occupation and blockade,” he said on Twitter.

You may also be interested in:

video title,

BBC Middle East editor Jeremy Bowen meets children fleeing civil war and ‘demons’ in Yemen (Nov 2021)

Frank Ocean Pulls Out of Coachella Weekend 2 – Variety

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Frank Ocean Pulls Out of Coachella Weekend 2 – Variety
Frank Ocean performs at the 2017 Panorama Music Festival on July 28, 2017 at Randall's Island in New York.

AFP via Getty Images

Frank Ocean will not perform his scheduled headlining slot at Coachella this Sunday, the singer’s rep confirms. Variety. His place will be taken by Blink-182, says a person close to the situation.

The report reads: “Frank Ocean will not perform at Coachella’s Weekend 2.

“After injuring his leg on the festival grounds the week before Weekend 1. Frank Ocean was unable to perform as intended, but still intended to perform, and within 72 hours, the show was needlessly reworked.

“On the advice of Dr. [Ocean] Two fractures and a sprained left leg ruled out Weekend 2.

The report ends with Ossian’s statement: “‘It was messy. There’s a little beauty in the mess. It’s not what I meant to show, but I enjoyed being out and I’ll see you soon.’ — Frank Ocean.”

The news comes after days of buzz surrounding Ocean’s polarizing set on the festival’s first weekend, which, while musically uneven, was marred by major production issues. While multiple sources said Sunday’s big production was abruptly canceled — hours before Ocean’s show was set to begin — the singer decided she didn’t want to do it, citing an ankle injury. d suffered earlier in the week.

Recordings of the concert – which was not broadcast live, unlike most of the other sets during the festival – in which he performed innovative new arrangements of many of his songs, were, on the whole, low on energy; He and the band were obscured by a battery of people walking in a circle around the stage (a revision of the original plan in which he was surrounded by ice skaters); And the pacing was odd: a seemingly random DJ dropped mid-set, leading many fans to think his performance was over. It started an hour late, sources said, due to a last-minute production change.

The original lineup of Blink-182 were surprise performers on the festival’s first weekend, making their first appearance since singer-guitarist Tom DeLonge left the band in 2014. The band wasted no time reviving “the youthful, funky, ridiculous double-time punk-pop that made them radio stars in the late ’90s and early aughts,” says Variety’s review. [bassist Mark] Hoppus cracks wits about genitalia, the Dalai Lama and UTIs as they blast through their set. Although drummer Travis Barker injured a finger earlier this year, forcing the band to postpone their tour, the review added, “There was no sign of injury here – his playing felt crisp and precise, and the band was tight and rehearsed.”

While fans expecting what will be Ocean’s second concert since 2017 were disappointed, Coachella 2023 is still likely to be a hit.

Variety As it develops, the condition becomes more and more.

SpaceX will launch 21 Starlink V2 satellites on April 19

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SpaceX will launch 21 Starlink V2 satellites on April 19

On Wednesday (April 19), SpaceX took off another batch of Starlink satellites.

A Falcon 9 rocket carrying 21 of SpaceX’s new Starlink “V2 mini” satellites lifted off at 10:31 a.m. ET (1431 GMT) from Space Launch Complex 40 at the Cape Canaveral Space Force Station in Florida. Reasons.

Asian markets were mixed in trade as Fed officials were divided on impending rate hikes

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Asian markets were mixed in trade as Fed officials were divided on impending rate hikes

34 minutes ago

Netflix’s ‘stellar loyalty metrics’ suggest password-sharing users can improve: Sensor Tower

Netflix’s “stellar loyalty metrics” give it hope that password-sharing users will convert to full or ad-supported users, a Sensor Tower executive said.

“We’re seeing continued excellence in category loyalty and engagement among Netflix streamers
Full or ad-supported users will be converted because of Netflix’s content,” Anthony Bartolachi, senior vice president of mobile usage data and insights provider Sensor Tower, told CNBC’s “Street Science Asia” on Wednesday.

His comments come after Netflix posted mixed financial results and said it was pushing back its password-sharing launch.

He said Netflix has “really positive indicators” of customer engagement, such as a “10-15% better churn analysis metric” and “better time spent” than its competitors Hulu, Disney and Amazon Prime.

“I think those loyalty metrics are great for Netflix. It can kind of enforce these password sharing controls. There’s definitely a benefit from an overall profitability standpoint,” he said.

– Sheila Chiang

54 minutes ago

India’s smartphone shipments fall 20% in Q1 as global market slumps 12%: Canalys

India’s smartphone market shipments saw a 20% year-on-year decline in the first quarter of 2023, according to Canalys.

“The market still sees inconsistent demand woes and channels are vulnerable to stock build-up,” it said in a release on Wednesday.

It comes after the company said global smartphone shipments fell 12% year-on-year in the first quarter, marking the fifth straight decline.

“Despite price cuts and heavy promotions from retailers, consumer demand remained sluggish, especially in the low-end segment as high inflation weighed on consumer confidence and spending,” Canalys analyst Sanyam Chaurasia said.

– Jihye Lee

An hour ago

Malaysia trade fell slightly in March, with imports coming in lower than expected

Malaysia’s total trade March came in at RM232.7 billion ($52.51 billion), down 1.6% compared to the total value of RM236.5 billion seen in the same month last year.

Exports from the country fell 1.4% year-on-year to RM129.7 billion in March, smaller than the 3.5% drop expected by economists, while imports surprised by a 1.8% drop to RM103 billion compared to 1.9%. % growth expected.

Malaysia attributed this to an 8.7% drop in imports of intermediate goods in March from a year earlier.

The country’s trade balance rose 0.2% year-on-year to a surplus of RM26.7 billion, beating economists’ expectations of RM21.1 billion.

– Lim Hui Jee

2 hours ago

JP Morgan, Citi, UBS upgrade full-year forecasts for China

Analysts at JPMorgan, Citi and UBS on Tuesday raised their full-year forecasts for China’s economy, pointing to impressive first-quarter GDP growth of 4.5%.

JP Morgan raised its 2023 growth outlook to 6.4%, up from a previous forecast of 6%, as the latest quarterly report points to further growth.

Citi economists also raised their full-year outlook to 6.1% from 5.7%, saying China’s consumption recovery was “halved”.

The UBS raised its forecast for the year to 5.7% from 5.4%, “driven by a stronger-than-expected recovery in the first quarter of 2023, driven by a stronger recovery in consumption and property.”

– Jihye Lee

2 hours ago

Kokoro’s battery swapping stations in Taiwan act as virtual power plants

Taiwan’s Kokoro plans to integrate its batting swapping stations into virtual power plants, the CEO said.

has partnered with the company Enel X, An energy service provider to commercially deploy its 2,500 swap stations at 1,000 of Enel X’s virtual power plants.

“We’re basically helping the grid to meet that pressure…so they don’t have to build additional capacity to rebalance and stabilize the grid,” Horace Luke, CEO and founder of Cocoro, told CNBC. Squawk Box Asia” on Wednesday. “So really it’s stress management for the grid.”

Luke said the company plans to expand the service across Asia and is running a pilot in India.

“We take this model and apply it to every country we go to at this point,” he said.

– Sumathi Bala

4 hours ago

Hong Kong leads in Asia as technology and real estate companies fall

Hong Kong’s Hang Seng index fell in the Asia-Pacific region on Wednesday, dragged down by technology and real estate companies.

Tech companies and real estate companies were the biggest losers on the index, with names like Country Garden Holdings, Baidu and Tencent among the biggest losers, according to Refinitiv data.

However, the biggest loser was automaker Geely, which fell 3.95%.

6 hours ago

Yellen addresses US economic priorities in China speech: Reuters

US Treasury Secretary Janet Yellen will address economic priorities for the US in China, Reuters reported.

“During her remarks, Secretary Yellen will underscore that in its bilateral relationship with China, the United States remains confident about the enduring fundamental strength of our economy,” Reuters reported, citing a statement from the Treasury Department.

It comes after Yellen said earlier this year that the U.S. would resume economic talks with China “at an appropriate time” as Beijing continues to sell its large holdings of U.S. Treasuries.

Yellen will deliver a speech at Johns Hopkins University’s School of Advanced International Studies on Thursday, according to the report.

– Jihye Lee

6 hours ago

Japan’s Sumitomo Financial is the first major bank to issue $1 billion in AT1 bonds: Nikkei

Japan’s Sumitomo Mitsui Financial Group is set to become the first major bank to issue additional Tier 1 bonds after the banking crisis caused by Swiss lender Credit Suisse. Nikki said.

SMFG will issue 140 billion yen ($1 billion) of these bonds, commonly known as AT1 bonds. They are considered a relatively riskier form of junior debt and therefore come with higher yields and are often purchased by institutional investors.

Confidence in AT1 bonds was shaken when Swiss authorities forced Credit Suisse to write down the value of its AT1 bonds to zero.

Nikkei said the terms of SMFG’s offer will be decided on Wednesday, with its AT1 bonds carrying a spread of 171 basis points over government debt, marking an increase of 33 basis points from the previous issuance in December.

Shares of SMFG traded up 0.25% on Wednesday.

– Lim Hui Jee

12 hours ago

The Dow is up more than 2% so far this month

The Dow is up 2.1% with just over half of the trading month done.

April has historically been the best month of the year for the 30-share index, with an average advance of 1.9% going back to 1950. By comparison, the Dow has added just 0.7% on average for all months during that period.

Previous pre-election years are usually even better in April. The Dow has gained an average of 3.9% each April in election years since 1950.

The Dow was the best performer of the three major indexes so far this month, with a 2.1% advance. The S&P 500 rose 1%, while the Nasdaq composite fell 0.7%.

CNBC Pro subscribers can read more about why April is a great month for blue-chip indexing.

12 hours ago

Bank of America CEO Brian Moynihan says he sees a relatively mild recession

Bank of America CEO Brian Moynihan said Tuesday that he sees only a small recession hitting the U.S. as consumers remain firm.

“Everything points to a relatively mild slowdown in terms of the incentives people have been given and the money they have left,” Moynihan said on the bank’s quarterly earnings call. “At the end of the day, we’re not seeing a pace that indicates a slowdown in activity on the consumer side, but business customers are likely to be more cautious.”

In light of the Federal Reserve’s aggressive rate hikes, Bank of America’s research team is consistent in calling for a mild rate cut, Moynihan said. The bank forecasts annual GDP contraction of between half and 1 percent before returning to positive growth in the next three quarters, he said.

– Yun Li

7 hours ago

CNBC Pro: Bank of America doubles down on this semiconductor stock — and gives it 50% upside

Semiconductor stocks are on a roll this year after a tough 2022.

The iShares Semiconductor ETF, which tracks the sector, is up about 22% this year — nearly three times as much as the S&P 500 this year.

Nvidia is undoubtedly one of the sector’s biggest winners this year, but Bank of America is doubling down on lesser-known chip stocks.

Pro subscribers can read more here.

– Javier Ong

16 hours ago

Chip stocks rise after HSBC double-upgrades Nvidia

Some chip stocks rose on Tuesday, as HSBC twice upgraded Nvidia shares from reduce to buy.

The company said that “Nvidia’s incredible AI pricing (has) not been fully priced in,” and that artificial intelligence will provide a significant boost to chip prices. The move sent shares up about 3%.

Other semiconductor companies saw their shares rise after an optimistic update. ON Semiconductor Corp and Advanced Micro Devices rose 1.3% and 0.8%, respectively. Applied Materials shares also gained 0.45%.

Check out the chart…

Nvidia shares rally after receiving double upgrade from HSBC

7 hours ago

CNBC Pro: These 6 Global Stocks Are ‘Buffett-Style’ Picks, According to Credit Suisse

Warren Buffett’s Berkshire Hathaway raised its stake in five Japanese stocks — a good sign for investors in Japan, Credit Suisse said.

In light of those developments, Credit Suisse analysts said in a note that stocks in Japan are “Buffett-style picks” — meaning they have characteristics common to Buffett’s holdings.

Here are six of them.

CNBC Pro subscribers can read more here.

– Weissen Don

One dead in parking garage collapse in Lower Manhattan

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One dead in parking garage collapse in Lower Manhattan

A parking garage on Ann Street in lower Manhattan collapsed Tuesday afternoon, killing one person and injuring five others, officials said.

Pictures and video of the scene at 37th Ann Street, between Nassau and William streets, showed cars lying on top of each other and dust rising from the wreckage. The collapse sent debris from the top floor to street level.

Although officials initially said there were reports of people trapped, Fire Department Chief John M. Esposito said at a news conference at the scene of the collapse that authorities believe all workers at the garage were accounted for.

Mayor Eric Adams, speaking at a news conference, said four of those injured inside the cave were hospitalized. He did not specify the nature of their injuries. A fifth person refused medical attention, Mr. Adams said.

The fire department pulled its emergency services personnel from the site immediately after responding due to concerns about the integrity of the building’s remains. Officials said they were using rescue workers using tower ladders, drones and a team of robotic dogs to find victims.

Department of Buildings inspectors were at the scene of the collapse around 4 p.m., an agency spokesman said. Citing “shaking” and “vibration” in the garage, fire officials asked building inspectors to examine the structural stability of the property.

This is a breaking story and will be updated.

Michael D. Reagan Contributed report.

Electric-vehicle tax credit: See which EVs qualify in the updated list

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Electric-vehicle tax credit: See which EVs qualify in the updated list

The Biden administration, pushing for more American manufacturing, has released an updated list of all electric and gas-electric hybrid vehicles that qualify for the full $7,500 tax credit.

With the update, 16 models are now eligible for a full or partial tax credit, based on new limits that require a certain percentage of battery components and minerals used in those batteries to come from North America, meaning the United States or a country with selective trade agreements with the United States.

The total is down from the 25 electric and plug-in models that previously qualified for the U.S. tax credit, which was first introduced 10 years ago.

The amendment limits the selection to vehicles built by four car companies: Tesla Inc.

D.S.L.A

,
Ford Motor Company

F

,
General Motors Co.

GM

and Stellandis NV

STLA

,
Owned by Jeep and Chrysler.

See Full list.

The government site also advises on tax incentives for used and leased vehicles.

For buyers to receive the full $7,500 tax credit, a predetermined percentage of battery components must contain a percentage of critical minerals sourced in North America and in the United States or certain trade friendly countries. A partial $3,750 credit is available to meet either of these two battery proof requirements.

Even an electric model of a foreign brand is not eligible for revised subsidy. and EVs from startups such as passenger- and commercial-truck maker Rivian Automotive Inc.

RIVN

and luxury brand Lucid Group Inc.

LCID

,

Failed to create list. It’s because their vehicles are too expensive for price contingencies to dictate which autos qualify. The income level of the buyers is also considered.

However, the new rules create some more immediate winners than others.

Almost all of GM’s new EV models are eligible for the full $7,500 tax credit. Six Ford electric and plug-in hybrid models qualify for a partial or full tax credit, including the Mustang Mach-E and F-150 Lightning.

Among Tesla’s models, a $3,750 credit is available on certain entry-level Model 3 sedans. Because this car uses battery cells made in China. High-end Model 3s and all Model Y configurations qualify for the full $7,500 credit.

Tesla has been slashing its retail prices in a move to boost sales and bring in some incentives to match tax incentives. Also, analysts say that producers have not cut prices.

Tax credits made a big difference when they were added The Inflation Reduction Act of 2022, the sweeping spending bill, which observers called the largest pro-climate measure by an administration to date. But Biden’s pro-American stance is at odds with the heart of the soon-to-be EV market, much of which comes from overseas.

According to: With pledges from Uber, Walmart, PG&E and more, Biden is adding more EV charging across America

The latest changes to entice automakers to build locally will apply to vehicles delivered to customers from Tuesday. Several foreign manufacturers, including Hyundai and Honda, have begun building battery plants in the United States

Other actions are intended to push EVs as well. The Environmental Protection Agency last week proposed its stricter restrictions on tailpipe emissions, a goal that can only be achieved by moving more EVs off assembly lines. The new standards require that two-thirds of U.S. car sales be electric by 2032.

Asian shares fell as upbeat Chinese data failed to impress

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Asian shares fell as upbeat Chinese data failed to impress

SYDNEY, April 18 (Reuters) – Asian shares weakened on Tuesday, brushing off an early lift from better-than-expected Chinese economic data as signs of a slowdown in the country’s recovery hurt investor sentiment.

MSCI’s broadest index of Asia-Pacific shares outside Japan ( .MIAPJ0000PUS ) fell 0.5%, a deeper loss than the previous day’s 0.27%.

China’s economy grew 4.5% year-on-year in the first quarter, eclipsing most economists’ expectations.

The currencies of Australia and New Zealand, which depend on demand for exports from China, both rose after the GDP data.

Despite some early momentum in broader markets, the better-than-expected data failed to spark a sustained rally in regional stocks.

Hong Kong’s Hang Seng Index (.HSI) fell 0.85% on Tuesday, dragged down by consumer and technology stocks. China’s bluechip CSI300 index (.CSI) was barely higher as it rose 0.08%.

Australian shares ( .AXJO ) were down 0.45%. Japan’s Nikkei stock index (.N225) was the best performer in the region as it rose 0.55%.

Despite the strong headline results, analysts said the mixed market performance resulted from some fundamental Chinese data falling below expectations.

Separate data on Chinese activity released on Tuesday showed factory output accelerating, but fixed asset investment growth unexpectedly slowed.

“The headline number was a positive surprise and overall it was a good set of numbers, albeit inconsistent, which is reflected in the markets’ response,” said David Chau, global market strategist for Asia Pacific at Invesco.

“The market’s thesis is that China is coming out of the pandemic and growth will be driven by consumption. While the recovery is on track, I don’t think economic growth will exceed expectations from what we’ve seen so far.”

Zhou said weak property investment in the quarter meant the troubled sector had not recovered and could hold back China’s economic growth this year.

“I think the numbers show that the 5% growth target will be met, but how much growth beyond that will continue to be in the property market,” he said.

GDP growth is expected to rise to 5.4% in 2023, a Reuters poll last week showed, down from 3.0% last year, one of its worst performances in nearly half a century due to the pandemic.

China’s government has set a target of 5% economic growth for this year after missing the 2022 target.

In Asian trade, the yield on the benchmark 10-year Treasury note rose to 3.5889% on Monday, compared with its US close of 3.591%.

Two-year yields touched 4.1773%, compared with a US close of 4.188%, rising on traders’ expectations that the Fed funds rates will be higher.

Elsewhere, Australia’s central bank considered raising rates for an 11th time in April before deciding to pause, but is prepared to tighten further if inflation and demand fail to ease, minutes of the Reserve Bank of Australia’s April meeting showed.

In early European trade, Euro STOXX 50 futures were up 0.16% at 4,322, German DAX futures were up 0.13% at 15,951 and FTSE futures were up 0.16% at 7,893.

US stock futures, the S&P 500 e-minis, were down 0.08% at 4,173.3.

It rose 0.02% to 134.49 against the dollar, still some distance from the 137.91 hit in March this year.

The European single currency rose 0.1% to $1.0929, up 0.89% in a month, and the dollar index, which tracks the greenback against a basket of other major trading partners’ currencies, fell to 102.03.

US crude oil rose 0.27% to $81.05 a barrel. Brent crude rose to $85 a barrel.

Gold prices rose slightly to $1999.45 an ounce.

Reporting by Scott Murdoch in Sydney; Editing by Himani Sarkar

Our Standards: Thomson Reuters Trust Principles.

Scott Murdock

Thomson Reuters

Scott Murdoch has been a journalist in Australia for more than two decades, working for Thomson Reuters and News Corp. He has specialized in financial journalism for most of his career and has covered equity and debt capital markets across Asia and Australian M&A. He is based in Sydney.

The Webb Telescope captures the bright starbursts that occur when galaxies collide

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The Webb Telescope captures the bright starbursts that occur when galaxies collide

What we know about the victims of the Sweet 16 birthday party shooting in Alabama

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What we know about the victims of the Sweet 16 birthday party shooting in Alabama

(CNN) When a room full of Sweet 16 attendees in Dadeville, Alabama moved to the sound of a DJ on Saturday night, their party came to an abrupt end. Gun blast It injured dozens and killed four partygoers, at least two of whom were local high school seniors on the verge of graduation.

Philstavious Dowdell, one of the victims, is the brother of the birthday girl, according to people who knew him.

The shooting devastated the town of about 3,000 people, where “everybody knows everybody,” Dadeville High School football team chaplain Ben Hayes told CNN.

“I know these kids personally. Most people do,” said Hayes, who is a church pastor and chaplain for the Dadeville Police Department.

At least 28 people, many of them teenagers, were injured in the mass shooting. A hospital that received 15 injured teenagers said on Sunday it had treated and released six patients and transferred the rest to other facilities. A hospital spokesperson said that 5 of them are in critical condition and 4 are stable.

Here’s what we know about the victims so far.

Cake Smith

KK Smith is a high school senior looking forward to attending the University of Alabama, said Amy Jackson, who identified herself as Smith’s cousin.

“She was always smiling,” Jackson said.

He said it was Smith’s mother who told Jackson her cousin had been killed.

Smith was the student athletic manager for Dadeville High School’s track team and helped with the basketball team, assistant football, track and basketball coach Michael Taylor said. He recently tore his ACL and had to step back from running.

Philstavious Dowdell

Dowdell was a gifted athlete who excelled in football, basketball and track at Dadeville High, Taylor said.

“God blessed him to do whatever he put his hands on,” said Taylor, who has coached Dowdall since he was 9 years old.

According to Taylor, Dowdell, the oldest of three siblings, was killed while attending her younger sister’s birthday party. Hayes, the priest, and Keenan Cooper, who was a DJ at the party, confirmed Dowdell was among those killed.

A month ago, the coach said, “If something happens to me, even when I go to college, take care of my two sisters,” Dowdell told him.

The young man had received a scholarship to play football at Alabama’s Jacksonville State University, Cooper said, describing Dowdell as “like a hometown hero.”

Jacksonville State head coach Rich Rodriguez said A statement Dowdell on Sunday was “a great young man with a bright future.”

“Our thoughts and prayers are with Philstavious Dowdell and the rest of the family affected by last night’s senseless tragedy,” Rodriguez said Sunday.

Dadeville’s Philstavious Dowdell (7) tackles an opponent during a football game on Oct. 08, 2021.

Taylor described Dowdall as a humble person who knew her “like a son,” explaining that her own college-age son was very close to Dowdall and that the two often trained together.

“His grandmother gave him a scripture every morning before he went to school to make sure he was always on point,” the coach said.

CNN’s Tina Burnside, Dianne Gallagher, Chris Boyette and Amanda Jackson contributed to this report.

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