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SpaceX defends airspace safety ahead of Florida Starship launch plans

SpaceX defends airspace safety ahead of Florida Starship launch plans

With plans to launch the massive Starship from Florida next year, SpaceX defended its commitment to airspace safety after a Wall Street Journal article claimed an explosive mission in early 2025 was a greater danger to some flights than previously reported.

The article published Saturday cited Federal Aviation Administration documents that stated debris from the Jan. 16 launch from SpaceX’s Texas site Starbase, which led to the upper stage disintegrating on its flight path, threatened three airplane flights. The debris field could be seen from Florida, the Bahamas and several Caribbean islands as the broken-up spacecraft streaked across the sky.

The article says the incident forced a JetBlue flight to Puerto Rico to adjust its flight path into a holding pattern, while a private jet and an international Iberia Airlines flight were under fuel emergencies and ventured into the FAA’s keep-out zones.

A similar Starship explosion occurred during a March launch attempt from Texas that shut down air traffic to several Florida airports, including Orlando International Airport. read more

Cautious shoppers step up spending to start holiday season

Cautious shoppers step up spending to start holiday season

By ANNE D’INNOCENZIO

NEW YORK (AP) — Consumers stepped up gift giving during the first seven weeks of the holiday shopping season, according to new data released Tuesday. But uncertainty about the economy is making shoppers more targeted in their buying.

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From Nov. 1 through Sunday, cash and credit card sales rose 4.2%, which is less than the 4.8% increase during the same period a year ago, according to Visa’s Consulting & Analytics division.

The data, which exclude sales from auto dealerships, gas stations, and restaurants, are not adjusted for inflation or the impact from President Donald Trump’s tariffs. read more

US stocks rose again in 2025 after overcoming turbulence from tariffs and Trump’s fight with the Fed

US stocks rose again in 2025 after overcoming turbulence from tariffs and Trump’s fight with the Fed

By STAN CHOE

NEW YORK (AP) — It was a scary good year for investors.

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It was scary because the U.S. stock market plunged to several historic drops on worries about everything from President Donald Trump’s tariffs to interest rates to a possible bubble in artificial-intelligence technology. In the end, though, it was a great year for anyone with the stomach to stick through the swings.

S&P 500 index funds, which sit at the heart of many savers’ 401(k) accounts, returned more than 18% in 2025 through Dec. 11 and set a record high that day. It’s their third straight year of big returns. read more

Consumer confidence slides in December to lowest level since US tariffs rolled out in April

Consumer confidence slides in December to lowest level since US tariffs rolled out in April

By MATT OTT, Associated Press Business Writer

WASHINGTON (AP) — Consumers confidence in the economy was shaken in December as Americans grow anxious about high prices and the impact of President Donald Trump’s sweeping tariffs.

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The Conference Board said Tuesday that its consumer confidence index fell 3.8 points to 89.1 in December from November’s upwardly revised reading of 92.9. That is close to the 85.7 reading from April, when Trump rolled out his import taxes on U.S. trading partners.

A measure of Americans’ short-term expectations for their income, business conditions and the job market remained stable at 70.7, but still well below 80, the marker that can signal a recession ahead. It was the 11th consecutive month that reading has come in under 80. read more

Is ‘soft saving’ smart — or shortsighted?

Is ‘soft saving’ smart — or shortsighted?

By Kate Ashford, NerdWallet

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

If you’ve ever decided to save less cash in your retirement account so you could do more traveling or support an expensive hobby, you might be “soft saving” (and not even know it).

Soft saving is about choosing to spend money on things you enjoy today and stashing money away less aggressively for your later years. People who take this approach are more concerned about what they’re doing tomorrow than what they’ll be doing at age 65 or 70.

“Soft saving is being more mindful about your lived experience now and not being willing to sacrifice too much in favor of your future yet,” says Rebecca Palmer, a certified financial planner in Washington, D.C., and head of guidance for financial planning platform Fruitful. “So, the balance between prioritizing future you versus current you.” read more