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President Donald Trump’s proposed budget looks to end the Space Launch System rocket, Orion spacecraft and Gateway space station central to NASA’s existing Artemis program — but only after a successful moon landing as the nation remains in a race with China.

A preliminary overview of the White House’s planned 2026 discretionary budget released Friday dubbed SLS and Orion as “grossly expensive and delayed,” citing that each launch SLS rocket alone costs the government $4 billion and is 140% over budget.

It’s among billions in cuts for the overall $18.8 billion proposed budget for NASA, which for the current fiscal year is nearly $25 billion. Ultimately, Congress will pass a budget and it often counters presidential proposals.

The Trump administration looks to drop funds toward Artemis’ future launches by $879 million with a goal of ending them after the Artemis III flight.

“The budget funds a program to replace SLS and Orion flights to the moon with more cost-effective commercial systems that would support more ambitious subsequent lunar missions,” the White House proposal stated. “The budget also proposes to terminate the Gateway, a small lunar space station in development with international partners, which would have been used to support future SLS and Orion missions.” read more

For the first time since Apollo 17 in 1972, NASA officially has its hands on a spacecraft expected to fly humans to the moon.

Lockheed Martin, prime contractor for the Orion space capsule, transferred possession of the Artemis II spacecraft Thursday to the agency’s Exploration Ground Systems team base at Kennedy Space Center.

Artemis II is slated to launch from KSC no later than April 2026, taking NASA astronauts Reid Wiseman, Victor Glover, Christina Koch and Canadian astronaut Jeremy Hansen on a 10-day mission around the moon — but not to the lunar surface. That launch date is one that’s been repeatedly delayed after completion of the uncrewed Artemis I mission in late 2022.

“We want to achieve a pace of one flight a year. We’re not there yet,” said Lockheed Martin’s Kirk Shireman, head of its Orion program. “We all know that the faster you fly, the faster you produce vehicles, the cheaper they are, the less cost there is to that and the more you keep the interest of the public.” read more

By Mia Taylor, Bankrate.com

Your house isn’t just one of the biggest purchases you’ll likely make. It’s an ongoing expense — or source of expenses — as well. You know about your mortgage payments, of course. But in addition to those, there are regular costs of maintenance and upkeep.

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Some of these are obvious, encountered in everyday life – housekeeping, lawn mowing, window washing. Others are financial, like property taxes, utilities bills and homeowners insurance. And then there are the wear-and-tear repairs and unexpected fixes, less obvious to the naked eye until there’s an inspection or break. The point is, all of them drive up the tab associated with homeownership. read more

By ALEX VEIGA, AP Business Writer

LOS ANGELES (AP) — Homeownership is receding further out of reach for most Americans as elevated mortgage rates and rising prices stretch the limits of what buyers can afford.

A homebuyer now needs to earn at least $114,000 a year to afford a $431,250 home — the national median listing price in April, according to data released Thursday by Realtor.com

The analysis assumes that a homebuyer will make a 20% down payment, finance the rest of the purchase with a 30-year fixed-rate mortgage, and that the buyer’s housing costs won’t exceed 30% of their gross monthly income — an often-used barometer of housing affordability.

Based off the latest U.S. median home listing price, homebuyers need to earn $47,000 more a year to afford a home than they would have just six years ago. Back then, the median U.S. home listing price was $314,950, and the average rate on a 30-year mortgage hovered around 4.1%. This week, the rate averaged 6.76%.

The annual income required to afford a median-priced U.S. home first crossed into the six figures in May 2022 and hasn’t dropped below that level since. Median household income was about $80,600 annually in 2023, according to the U.S. Census bureau. read more

By DAMIAN J. TROISE and ALEX VEIGA, AP Business Writers

Wall Street extended its gains to a ninth straight day Friday, marking the stock market’s longest winning streak since 2004 and reclaiming the ground it lost since President Donald Trump escalated his trade war in early April.

The rally was spurred by a better-than-expected report on the U.S. job market and resurgent hope for a ratcheting down in the U.S. trade showdown with China.

The S&P 500 climbed 1.5%. The Dow Jones Industrial Average added 1.4%, and the Nasdaq composite rose 1.5%.

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The gains were broad. Roughly 90% of stocks and every sector in the S&P 500 advanced. Technology stocks were among the companies doing the heaviest lifting. Microsoft rose 2.3% and Nvidia rose 2.5%. Apple, however, fell 3.7% after the iPhone maker estimated that tariffs will cost it $900 million. read more