3. Starship's silver linings
SpaceX's Starship, hyped as the most powerful rocket ever built, took off Thursday in Texas, stunning spectators who were there and those who were watching on screens across the globe. It flew for about four minutes before blowing up and falling short of its goal to reach space. That doesn't mean it was a total failure, however, as CNBC's Michael Sheetz points out in his Investing in Space newsletter. "This was an experimental test flight, and the first of its kind for a U.S. rocket larger and more powerful than any in history," he writes. "Not destroying the launchpad? Success. Flying for multiple minutes? Success. Collecting a trove of data about a new launch vehicle's performance? Success." What's next for Starship? SpaceX CEO Elon Musk said another test launch could come in "a few months."
4. P&G reports earnings
Consumer products giant Procter & Gamble on Friday beat Wall Street's expectations for earnings and revenue, each rising from the same period a year ago. The company also lifted its sales forecast for its fiscal year – now in its fourth quarter. Still, P&G isn't immune to economic challenges. CEO Jon Moeller called it "a very difficult cost and operating environment." Consumers have had to contend with rising inflation, which the Federal Reserve has sought to quell with interest rate hikes. Now, because of the Fed's actions, the economy is slowing, resurrecting fears of a real downturn. With products such as Charmin toilet paper and Tide detergent, P&G is on the front lines of any consumer struggles.
5. Twitter blues
Elon Musk's companies dominated much of Thursday's business news cycle, for good and for ill. Tesla's stock tanked after a lackluster earnings report. SpaceX's Starship experienced an explosive mix of success and failure. And Twitter, as was long promised, started removing blue verification badges from non-paying customers. Accounts for governments and some corporations will continue to be verified through silver and gold badges, respectively. But the move is sure to trigger some confusion as many notable people and organizations have opted not to pay for verification.
— CNBC's Mike Calia wrote this newsletter. Hakyung Kim, Brian Schwartz, Michael Sheetz, Amelia Lucas and Rohan Goswami contributed.
— Follow Squawk Pod for the best conversations and analysis from Squawk Box in a curated, daily podcast.
Tidak ada komentar:
Posting Komentar