Stock Market Winners & Losers: Stocks Wobble After Hot Inflation Print | SPACEX’s Starship Notches Major Milestones | Dog Owners Choosing Pets Over Parenthood
Loser: Stocks wobble after hot inflation print
The S&P 500 dipped below the flatline, while the Nasdaq hovered around it. February's Producer Price Index saw a higher-than-expected rise of 0.6%, while retail sales increased by 0.6%, falling short of estimates. Despite this, hopes remain for a potential policy pivot by summer.
Winner: SpaceX’s Starship notches major milestones
SpaceX successfully launched the third test flight of its Starship rocket, reaching space and achieving new milestones. The mammoth vehicle launched at approximately 9:25 a.m. ET and flew further than previous tests, lasting about an hour before breaking up above the Indian Ocean. Starship aims to revolutionize space travel for cargo and human transportation beyond Earth and is crucial to NASA's plans for returning astronauts to the moon. Standing 397 feet tall and about 30 feet in diameter, this test flight did not carry any crew members.
Winner: Dog owners choosing pets over parenthood
Owning a fur baby costs $2,500 annually, while raising a human baby costs $17,000 yearly. Many Americans, especially those aged 18 to 35, are opting for pets over parenthood due to the high cost and perceived ease of caring for dogs. Over 80% find dog care easier and consider their pets in major life decisions. Pet insurance for dogs averages $45-$55 per month.
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