Stocks to Watch Thursday: Nvidia, BP, Walgreens, Micron
↗️ Shell (SHEL): The oil company denied it was in early talks to buy BP (BP), dismissing a Wall Street Journal report. Both stocks rose about 1% the Europe.
↗️ Nvidia (NVDA): The AI chip maker's shares rallied to a record high Wednesday. Nvidia is once again the largest company by market capitalization, trumping Microsoft (MSFT). The stock rose further premarket.
↗️ Micron (MU): The memory-chip company notched a big leap in quarterly sales and earnings. Shares rose 2% ahead of the opening bell. Other semiconductor manufacturers including AMD (AMD) and Marvell (MRVL) also rallied.
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USA Today
21 minutes ago
- USA Today
This Texas company has sent remains of sent 'Star Trek' actors, others to space
For about three decades, a company based in Texas has billed itself as the first and most prominent business to offer what's referred to as "space burials." Since the dawn of humanity, we humans have found countless ways to honor our dead. From traditional burials to the scattering of one's ashes at sea, the methods for the deceased to be honored are as varied as the cultures that comprise our world. But what about those who prefer to be memorialized on a more cosmic scale? Well, it turns out they have that option, too. For about three decades, a company based in Texas has billed itself as the first and most prominent business to offer what's referred to as "space burials." Celestis, which recently conducted a mission from California, offers services that involve sending cremated remains or human DNA beyond Earth's atmosphere. Often, familiar faces and well-known public figures − from "Star Trek" cast members to U.S. presidents − have had their remains flown to orbit as part of a celestial burial or memorial. Many of Celestis' memorial spaceflights have launched from Cape Canaveral, Florida, and Southern California. Here's what to know about Celestis and its memorial spaceflights. What is Celestis? Houston, Texas, company takes human remains to space Celestis is a company based in Houston, Texas, specializing in transporting human remains to space for cosmic memorials. Capsules containing DNA and human remains are included as payloads on spacecraft launched into orbit from all over the world by other companies, including SpaceX and the United Launch Alliance. Celestis' services allow for families to pay for cremated remains in capsules or DNA to be launched into space, where they can either return intact or remain until they reenter Earth's atmosphere, "harmlessly vaporizing like a shooting star in final tribute," the company says on its website. In another offering, the company facilitates the transportation of memorial capsules to interplanetary space well beyond the moon. What other companies offer 'space burials'? Elysium Space, based in San Francisco, California, also offers memorial spaceflights. The company has conducted just three "space burial" missions since 2015, including from Hawaii, California and Florida, according to its website. Celestis sent memorial capsules on a SpaceX rocket launch in California Celestis' most recent payload of memorial capsules was included in a SpaceX rideshare mission known as Transporter 14. The mission got off the ground Monday, June 23, from Vandenberg Space Force Base in California. A total of 166 individual Celestis memorial capsules were on board a Nyx spacecraft manufactured by Europe-based The Exploration Company (TEC,) which hitched a ride on SpaceX's famous Falcon 9 rocket. The payload of memorial capsules was part of about 70 total payloads, including small satellites, that the Falcon 9 helped to deliver for paying customers to a sun-synchronous orbit, meaning they matched Earth's rotation around the sun. The launch was meant to be Celestis' first-ever to return from an altitude high enough to be considered Earth's orbit. The Nyx module reached low-Earth orbit, where it traveled for three hours at about 17,000 miles per hour and completed two full orbits around Earth. But instead of safely reentering Earth's atmosphere to land in the Pacific Ocean as planned, the Nyx spacecraft's parachute failed and it crashed into the sea, losing the capsules. How much does a Celestis flight cost? If you want to send your deceased loved one on a final cosmic journey, the cost to do so isn't that much different from the price of the average typical funeral or burial service. The cheapest option of sending memorial capsules to space and back, known as "Earth rise," starts at $3,495. The price to send a loved one's remains all the way up to orbit starts at $4,995. After that, though, the costs for Celestis' services start to climb. Both the company's lunar burial and interplanetary services start at $12,995, according to its website. How many memorial flights or cosmic memorials has Celestis conducted? The recent mission was Celestis' 25th overall since it was founded in 1994. The company's maiden voyage took place in April 1997, when a Pegasus rocket carrying the remains of 24 people, including "Star Trek" creator Gene Roddenberry, launched over the Spanish Canary Islands. The flight capsules on board a Celestis spacecraft then reentered Earth's atmosphere about a month later. Celestis' first and only successful lunar burial mission to date then occurred a year later in January 1998 from what was then still called the Cape Canaveral Air Force Station in Florida. Conducted at NASA's request, the mission included a capsule on board the agency's Lunar Prospector containing the ashes of geologist Eugene Shoemaker. When is the next Celestis memorial flight? Celestis has no more missions planned for 2025, according to its website. The next flight, planned for early 2026, appears to be an orbital mission launching from Cape Canaveral Space Force Base in Florida. Reservations are open until Aug. 1, 2025. Celestis previously sought to bring human remains to the moon Celestis previously made headlines in January 2024 when its plans to land human remains on the moon's surface attracted some controversy. The plan was for the remains and DNA of more than 70 deceased people to be included on a lunar lander bound for the moon. That included – once again – remains of Roddenberry, as well as science fiction writer Arthur C. Clarke. Elysium Space also contracted to have cremated human remains and DNA of clients placed aboard the lunar lander. But Navajo Nation, the largest tribe of Native Americans in the United States, vehemently opposed the lunar burial, penning a letter decrying the plans as "a profound desecration." Ultimately, though, the remains never made it to the moon's surface anyway. Pittsburgh-based aerospace company Astrobotic's Peregrine lander fell short of its destination when it began leaking a "critical" amount of propellant – instead burning up in Earth's atmosphere after launch. Who are some famous people whose remains have flown to orbit? "Star Trek" creator Gene Roddenberry and Arthur C. Clarke, best known for authoring "2001: A Space Odyssey" that inspired Stanley Kubrick's film of the same name, are not the only well-known people whose remains have flown to outer space on a Celestis mission. Among the notable names to have been included are several actors from the original "Star Trek" series and NASA astronauts. Here's a list Celestis provided to the USA TODAY Network: Eric Lagatta is the Space Connect reporter for the USA TODAY Network. Reach him at elagatta@
Yahoo
23 minutes ago
- Yahoo
Dollar slides as Trump eyes new Fed boss
The dollar hit a three-year low on Thursday as President Donald Trump eyed candidates to succeed Federal Reserve boss Jerome Powell, fuelling bets of cuts to US interest rates. Wall Street shares rose as investors also tracked solid results from chip company Micron and weaker-than-expected US first-quarter economic growth data. Trump suggested Wednesday that he was lining up Powell's replacement ahead of an expected departure next year. The Dollar Index, which compares the greenback to a basket of major currencies, hit its lowest level since March 2022 at 96,997 points. The pound meanwhile reached its highest level against the dollar since October 2021. "Concerns over the Federal Reserve's independence and growing expectations for monetary easing weighed on the currency," said George Pavel, general manager at Middle East, a trading platform. "The move, if confirmed, would raise serious questions about the central bank's autonomy at a time of heightened policy uncertainty, painting a bearish scenario for the greenback," Pavel said. Since returning to the White House, Trump has constantly hit out at Powell for not cutting US interest rates and questioned his intelligence, stoking worries about the bank's independence. "I know within three or four people who I'm going to pick," Trump told reporters after a NATO summit. The Wall Street Journal reported that Trump could announce a replacement as early as September, with Treasury Secretary Scott Bessent, economic adviser Kevin Hassett and former Fed governor Kevin Warsh among the contenders. Earlier this week, Powell told lawmakers the bank would assess the impact of Trump's tariffs on the economy before making any rate move. Micron's third-quarter profits were more than five times the level in the year-ago period as the tech company pointed to heavy growth in its data centre business and signalled it expected record revenue. Its shares fell slightly, however, while rival chip-maker Nvidia rose slightly after its market valuation reached a new record the previous day. Micron's fall reflected "investor caution about the sustainability of its momentum amid tariff uncertainties and cyclical risks in consumer markets", said a note by analysts. Data meanwhile showed that the US economy decreased at an annual rate of 0.5 percent in the first quarter, lower than previously estimated. However, markets tend to take such data in stride because it is backward looking and the calendar is now approaching the end of the second quarter. European and Asian stock markets diverged and oil prices were steadier as Middle East tensions eased and focus turned back to US trade negotiations. Shares in European defence companies rose after NATO countries on Wednesday agreed to ramp up military spending. Rheinmetall finished more than seven percent higher in Frankfurt while France's Thales gained about three percent and Britain's BAE systems added 3.8 percent. Asia's main stock market closed mixed. Trade uncertainty resurfaced as most countries have yet to reach deals with Washington to avoid steep tariffs ahead of a July 9 deadline. An oil price rebound steadied as the shaky ceasefire between Iran and Israel still held Thursday and Trump said that he would hold nuclear talks with Tehran next week. - Key figures at around 1550 GMT - New York - Dow: UP 0.7 percent at 43,269.83 points New York - S&P 500: UP 0.6 percent at 6,129.38 New York - Nasdaq Composite: UP 0.6 percent at 20,102.31 London - FTSE 100: UP 0.2 percent at 8,735.60 (close) Paris - CAC 40: FLAT at 7,557.31 (close) Frankfurt - DAX: UP 0.6 percent at 23,649.30 (close) Tokyo - Nikkei 225: UP 1.7 percent at 39,584.58 (close) Hong Kong - Hang Seng Index: DOWN 0.6 percent at 24,325.40 (close) Shanghai - Composite: DOWN 0.2 percent at 3,448.45 (close) New York - Dow: DOWN 0.3 percent at 42,982.43 (close) Euro/dollar: UP at $1.1712 from $1.1656 on Wednesday Pound/dollar: UP at $1.3746 from $1.3664 Dollar/yen: DOWN at 144.38 yen from 145.32 yen Euro/pound: DOWN at 85.21 pence from 85.26 pence West Texas Intermediate: UP 2.1 percent at $66.25 per barrel Brent North Sea Crude: UP 1.7 percent at $67.57 per barrel dan-ajb-lth/phz Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
32 minutes ago
- CNBC
AI's reasoning blind spot
CNBC's Deirdre Bosa joins 'Money Movers' to discuss the blind spots in AI's reasoning model.
