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Wall Street rallies toward more records as gold’s price slumps again

Wall Street rallies toward more records as gold’s price slumps again

By STAN CHOE, AP Business Writer

NEW YORK (AP) — Stocks are climbing toward more records on Monday ahead of a week packed with potentially market-moving events for Wall Street.

The S&P 500 rose 1%. The Dow Jones Industrial Average was up 248 points, or 0.5%, as of 1:01 p.m. Eastern time, and the Nasdaq composite was 1.7% higher. All are adding to their latest all-time highs set on Friday.

Stocks also rallied in Asia ahead of a meeting on Thursday between the heads of the United States and China. The hope is that the talks could clear rising tensions between the world’s two largest economies and allow the global economy to keep motoring.

U.S. Treasury Secretary Scott Bessent said there’s “a framework” for U.S. President Donald Trump and Chinese leader Xi Jinping to discuss at their meeting, while Trump said, “We feel good” about working things out with China.

That’s just one of many things that will need to go right this week in order for the U.S. stock market’s tremendous, record-breaking rally to continue. The S&P 500 has shot up a stunning 37.6% since hitting a low in April, when worries about Trump’s tariffs on China and other countries were at their peak. Besides hopes for easing trade tensions, the rally has also been built on expectations for several more things to happen. read more

SpaceX launches Space Coast’s 89th mission of the year

SpaceX launches Space Coast’s 89th mission of the year

The Space Coast hosted its 89th orbital launch of the year with another SpaceX Starlink mission on Sunday morning.

A Falcon 9 on the Starlink 10-21 mission carrying 29 satellites lifted off at 11 a.m. from Cape Canaveral Space Force Station’s Space Launch Complex 40.

The first-stage booster made its 24th flight with a recovery landing downrange on the droneship A Shortfall of Gravitas stationed in the Atlantic.

The latest batch of Starlink satellites continues to add to SpaceX’s massive constellation already in orbit.

The company recently surpassed more than 10,000 Starlink satellites launched since the first operational mission in 2019, according to data maintained by astronomer Jonathan McDowell, although only 8,700 of those remain in orbit.

Falcon 9 completes our 135th mission of the year after lifting off from pad 4E in California and delivering 28 @Starlink satellites to the constellation pic.twitter.com/PHfCYTzlYY read more

One Tech Tip: How to prepare for outages that impact our online lives, from banking to chatting apps

One Tech Tip: How to prepare for outages that impact our online lives, from banking to chatting apps

By WYATTE GRANTHAM-PHILIPS, AP Business Writer

NEW YORK (AP) — A major Amazon Web Services outage disrupted scores of online platforms on Monday — leaving people around the world unable to access some banks, chatting apps, online food ordering and more.

History shows these kinds of system outages can be short-lived, and are often minor inconveniences — such as placing a lunch order in person or waiting a few hours for a gaming platform to come back online — than long-term problems, but recovery can be a bumpy road. And for people trying to move money, communicate with loved ones or work using impacted services, disruptions are especially stressful.

Consumers may not realize how many platforms they use rely on the same back-end technology. AWS is one of only a handful of major cloud service providers that businesses, governments, universities and other organizations rely on. Monday’s outage is an important reminder of that — and experts stress it’s important to diversify our online lives where we can, or even have some “old school” alternatives to turn to as a backup plan. read more

Surreal estate: How hauntings affect home sales

Surreal estate: How hauntings affect home sales

You visit an open house for a stately old Victorian on a quiet street. It has a wraparound front porch and all kinds of vintage charm … but you can’t help but wonder if that sudden cold draft is the result of poor insulation, or a past occupant dropping by. And the lights on that stunning chandelier are flickering in a way that might foretell an expensive visit from an electrician — or an exorcist.

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You want to ask the listing agent if they’ve heard about any paranormal activity on the property. But do they actually have to tell you?

That depends on where you’re house hunting. In most states, the seller doesn’t have to disclose anything. For example, according to Massachusetts state law, whether the home “has been the site of an alleged parapsychological or supernatural phenomenon” is not a material fact that has to be mentioned in a real estate transaction. However, the seller or agent are also not allowed to lie about it. read more

NASA’s SLS rocket for moonbound Artemis II mission fully stacked at KSC

NASA’s SLS rocket for moonbound Artemis II mission fully stacked at KSC

Despite the ongoing government shutdown, NASA did manage to complete a major milestone in its effort to send astronauts back to moon.

Teams completed the stacking of the Orion spacecraft atop the Space Launch System rocket at Kennedy Space Center’s Vehicle Assembly Building this week.

The fully stacked rocket is slated to fly as early as Feb. 5 to take four astronauts on a trip around, but not land on, the moon on Orion’s first flight with humans on board.

NASA’s Exploration Ground Systems team lifted the Lockheed Martin-built spacecraft, which the astronauts have named “Integrity,” on Oct. 19 with a little more than three months to run through all the remaining required tests ahead of the earliest planned liftoff.

“Integration of SLS and Orion represents a major milestone in our progress on Artemis,” said acting NASA Administrator Sean Duffy. “Soon, we will be launching four astronauts around the moon for the first time in over half a century on Artemis II — the latest demonstration of American dominance in space.” read more