logo
Global Space Economy Grows to $613 Billion

Global Space Economy Grows to $613 Billion

Bloomberg22-07-2025
The global space economy has grown to $613 billion according to the Space Foundation. Heather Pringle is the group's CEO. She says the industry is not just all about Elon Musk's SpaceX. She speaks on "Bloomberg Surveillance." (Source: Bloomberg)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Archer-Daniels-Midland posts drop in second-quarter profit
Archer-Daniels-Midland posts drop in second-quarter profit

Yahoo

time4 minutes ago

  • Yahoo

Archer-Daniels-Midland posts drop in second-quarter profit

(Reuters) -Archer-Daniels-Midland posted a fall in second-quarter profit on Tuesday, hurt by weakness in oilseed crush margins and weak performance in its grain origination and crushing business. The results come as the U.S.-based grain merchant braces for an impact from President Donald Trump's policies as well as plans to impose sweeping tariffs on most imports. Trade concerns stoked by tariff fears have also disrupted trade flows and created headwinds for agribusinesses such as ADM. Profit from Ag Services & Oilseeds, the company's largest segment, slumped 7% to $113 million in the reported quarter driven by lower margins, primarily due to lower vegetable oil demand arising out of biofuel and trade policy uncertainty. The division houses the company's global crop trading, transportation and storage, and oilseed processing operations. The Chicago-based company reported net earnings of $219 million, or 45 cents per share, for the quarter ended June 30, down from $486 million, or 98 cents per share, a year ago. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

Here's Why Starbucks (SBUX) Retreated in Q2
Here's Why Starbucks (SBUX) Retreated in Q2

Yahoo

time4 minutes ago

  • Yahoo

Here's Why Starbucks (SBUX) Retreated in Q2

RiverPark Advisors, an investment advisory firm and sponsor of the RiverPark family of mutual funds, released its 'RiverPark Large Growth Fund' Q2 2025 investor letter. A copy of the letter can be downloaded here. U.S. equity markets surged in the second quarter, with the S&P 500 Total Return Index rising 10.94% and the Russell 1000 Growth Index returning 17.84%. The fund also surged in the quarter and returned 15.01%. Continued enthusiasm for artificial intelligence, better-than-expected earnings in several large-cap growth sectors, and improving macroeconomic conditions lifted the markets in the quarter. Growth-focused stocks took the lead once more, with the strongest performance coming from sectors like technology, communication services, and certain areas of consumer discretionary. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second-quarter 2025 investor letter, RiverPark Large Growth Fund highlighted stocks such as Starbucks Corporation (NASDAQ:SBUX). Based in Seattle, Washington, Starbucks Corporation (NASDAQ:SBUX) engages in the roasting, marketing, and retail of coffee globally. The one-month return of Starbucks Corporation (NASDAQ:SBUX) was -5.44%, and its shares gained 19.12% of their value over the last 52 weeks. On August 4, 2025, Starbucks Corporation (NASDAQ:SBUX) stock closed at $89.78 per share, with a market capitalization of $102.053 billion. RiverPark Large Growth Fund stated the following regarding Starbucks Corporation (NASDAQ:SBUX) in its second quarter 2025 investor letter: "Starbucks Corporation (NASDAQ:SBUX): SBUX shares declined during Q2 following disappointing earnings in late April. Global same-store sales declined 4%, driven by a 6% drop in North America and flat results in international markets. Traffic trends turned negative, and operating margins compressed to 11.6%, down from 18% a year earlier. Management cited macro headwinds, competitive pressure, and weaker-than-expected loyalty engagement. A close-up of a freshly roasted coffee bean, accompanied by a vintage aluminum scoop. Starbucks Corporation (NASDAQ:SBUX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 70 hedge fund portfolios held Starbucks Corporation (NASDAQ:SBUX) at the end of the first quarter, compared to 84 in the previous quarter. In the third quarter of fiscal 2025, Starbucks Corporation (NASDAQ:SBUX) recorded a revenue of $9.5 billion, marking a 4% increase compared to the previous year. While we acknowledge the potential of Starbucks Corporation (NASDAQ:SBUX) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Starbucks Corporation (NASDAQ:SBUX) and shared the list of stocks Jim Cramer shared his views on. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.

Leidos raises full-year profit forecast on robust demand for weapons
Leidos raises full-year profit forecast on robust demand for weapons

Yahoo

time4 minutes ago

  • Yahoo

Leidos raises full-year profit forecast on robust demand for weapons

(Reuters) -Defense contractor Leidos Holdings raised its full-year adjusted profit forecast on Tuesday, as demand for its technical services and munitions remains robust amid simmering geopolitical tensions. Shares of the company were up 4% in premarket in trading. Rising tensions around the world in the wake of a protracted Russia-Ukraine war and tensions in the Middle East have boosted the market for arms, benefiting defense contractors. The company has followed peer Northrop Grumman in lifting its 2025 profit forecast. Leidos now expects its annual adjusted profit at between $11.15 and $11.45 per share, compared with its prior forecast of $10.35 to $10.75. However, the Reston, Virginia-based company trimmed its full-year revenue forecast range and now expects it to be between $17 billion and $17.25 billion, from $16.9 billion and $17.3 billion previously. Leidos provides technology services to government agencies as well as commercial clients and is also a maker of drones and aerial defense systems. It also provides services in the areas of health, environmental sciences and transportation. It posted a second-quarter adjusted profit of $3.21 per share. Analysts on average had anticipated a quarterly profit of $2.66 per share, according to data compiled by LSEG. Its revenue rose about 3% to $4.25 billion, edging past estimates of $4.24 billion.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store