Latest news with #Moonrakers
Yahoo
07-08-2025
- Business
- Yahoo
Trump's Moonshot Ignites Nuclear Stocks Rally
There's shooting for the moon, and then there's this. Nuclear energy firms enjoyed an across-the-board share-price surge on Tuesday after US Transportation Secretary and interim NASA Secretary Sean Duffy confirmed the space agency has fast-tracked plans to operate a small modular reactor (SMR) on the moon by the first quarter of 2030. READ ALSO: Apple Adds $100 Billion to American Investment Plans and Disney Growth Shows Americans Willing to Splurge Despite Gloomy Economic Signals Moonrakers NASA's actually playing catch-up. Russia and China have already announced plans for a joint-base SMR on the moon by the mid-2030s, and Duffy said in a statement that could result in a 'keep-out zone' that might inhibit the US's own lunar nuclear ambitions. The plan is to launch an SMR capable of generating at least 100 kilowatts of energy. Here on Earth, that's small potatoes, about enough to power a subdivision of roughly 80 homes. But on the moon, where sunshine for solar power is scarce and batteries quickly run dry, that small Earth step could be a giant leap for long-term lunar vacations and research trips. The idea isn't exactly new, either: In 2022, NASA awarded multiple contracts to draw up initial designs for a moon SMR. Hence, NASA's fast track includes the appointment of an agency official to oversee the effort within the next 30 days and a request to commercial companies for proposals within the next 60 days. The chance at winning a lunar lottery ticket has investors declaring liftoff for the entire industry: Shares in Oklo, an SMR developer that plans on getting its first Earthbound reactor online by late 2028, surged nearly 10% on Tuesday. Meanwhile, competitors Nano Nuclear Energy and Nuscale Power saw stock pops of more than 7% and 5%, respectively. The Global X Uranium ETF, which tracks companies involved in uranium mining, climbed more than 2% on Tuesday, mirrored by a similar gain for the more broadly-focused VanEck Vectors Uranium+Nuclear Energy ETF. BWXceptional: Of course, the nuclear sector was having a premier year before its ambitions got extraterrestrial, as ravenously power-hungry AI data centers create newfound demand for nuclear energy at home. For more proof of a nuclear revival, just look at the late-Monday earnings report from BWX Technologies, a leading supplier of nuclear reactor components and the primary nuclear contractor for the US Navy. The company reported a 9% increase in government operations revenue, a 24% increase in commercial operations revenue, and raised its guidance for the rest of the year. That proved enough to push its share price up more than 17% on Tuesday and for William Blair analyst Jed Dorsheimer to call the company 'our most robust pure play in nuclear.' In other words, the company is practically glowing right now. This post first appeared on The Daily Upside. To receive delivering razor sharp analysis and perspective on all things finance, economics, and markets, subscribe to our free The Daily Upside newsletter. 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
New York Post
08-07-2025
- Business
- New York Post
Gen Z diners tripped up by common menu pricing abbreviation — and wind up slapped with $160 bill
Talk about a pricey 'POV.' Three Gen Z sisters got a not-so-tasty surprise when they ordered steak at a coastal North Carolina restaurant — only to realize too late what 'MKT' on the menu actually meant. Spoiler: it doesn't mean 'Marked down' — it means 'market price.' Advertisement In a TikTok video that's racked up more than 19 million views, Aribella Menold, 20, and her siblings shared their shock after ordering dinner at Moonrakers, a white-tablecloth waterfront joint in Beaufort. 'POV: You didn't know what 'mkt' meant on the steak menu and now you're paying for it,' the caption read as the camera panned to their stunned expressions and the $159.14 bill. The sisters had unknowingly racked up a hefty tab that included two 12 oz New York strip steaks for $52 each, a $28 baby kale Caesar salad with an extra $11 for grilled chicken, a $10 kid's grilled cheese and a $3 Sprite — proving once and for all that even salads can be a financial ambush. Advertisement Their subtotal came to $145 with a 3% credit card surcharge that added an additional $4.35 and the 6.75% sales tax tacked on another $9.79. 'We thought the price was going to be like $20-$30,' Menold told Newsweek. Turns out, 'MKT' is restaurant shorthand for 'market price,' a cryptic code used for items that fluctuate based on availability, seasonality and ingredient cost — usually seafood or steak. In other words: if you have to ask, you probably can't afford it. Advertisement Menold's video, originally posted to Instagram and then to TikTok, blew up overnight. Luckily for the sisters, their wallets were spared the full damage. 'Our grandpa ended up paying for it, which was so sweet of him,' Menold explained to the outlet. The sisters unknowingly feasted their way to a fat bill totaling $160. Aribella_Menold/TikTok But the internet had thoughts — and no shortage of them. Advertisement '$160 is not bad if you divide the bill by three, each person pays 53 dollars which is good,' one commenter shrugged. Another gasped, 'That's like 53-55$ each girl is spending on dinner. That's wild tbh.' Others zeroed in on the leafy green culprit: 'Okay but a salad being 28 dollar [s] is diabolical.' Still, some blamed the staff for not stepping in: 'Honestly shame on your server for not informing you of the price when it's clearly not listed. One complaint and all of my old bosses would have ripped me a new one for not informing the guest and probably make me pay out of pocket for it.' A separate TikTok user offered this sage advice: 'Unless you're rich, don't buy items off a menu if they don't have a price.' Lesson learned: when dining out, always ask the price — or bring your grandpa. As The Post previously reported, a whistleblowing ex-staffer at California's now-closed Automat claimed those feel-good 'living wage' fees slapped on your bill are nothing but a tip-toeing façade. Advertisement 'If you see a restaurant charging a 'cost of living,' 'equal pay' or 'mandatory service fee' like the 20% this restaurant did, be suspicious,' Jordan Smith explained in an Instagram story post shared by Eater San Francisco. 'It's possible the back-of-house teams aren't seeing much of that money,' he continued regarding the non-server crew. Meanwhile, a ticked-off diner went viral last month after posting a receipt showing a mandatory 'living wage fee' — and the internet lost its appetite. Turns out 'MKT' is just fancy menu-speak for 'market price' — a slippery little code used for steaks, seafood and other dishes that change with the tides and the supply chain. nicoletaionescu – Advertisement Tipping rules may differ coast to coast, but here in NYC, the law's pretty clear: 'Restaurants cannot charge a surcharge or other fee in addition to listed food or beverage prices,' per the city's Consumer and Worker Protection rules. However, they can 'charge a bona fide service charge — but only if the charge is conspicuously disclosed to consumers before food is ordered.'
