Virgin Galactic, Astra Space: Space flight stocks soar high

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Virgin Galactic (SPCE) shares jumped after the company announced plans to pause space flights in 2024 to focus on developing its next generation of aircrafts...

) shares jumped after the company announced plans to pause space flights in 2024 to focus on developing its next generation of aircrafts. The move comes as Virgin Galactic laid off 18% of staff to"cut costs and realign resources.") received a $30 million offer to go private again, just over a year after its IPO. Astra has struggled with failed launches that have weighed on it's stock since going public. -- Big box retailer Canadian Tire Corp.

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After four straight months as the most-shorted stock, Elon Musk's EV maker moved into second place behind oil giant Exxon, while Apple came in third.The Canadian dollar is set to strengthen less than previously expected over the coming year once a slowdown in the domestic economy opens the door to Bank of Canada interest rate cuts, a Reuters poll found. "They will probably cut pretty meaningfully next year," said Erik Nelson, a macro strategist at Wells Fargo Securities in London.

Posthaste: Baby boomers expect to leave $1 million or more to their kids — much to millennials' surpriseThe Bank of Canada on Thursday said the era of super-low interest rates was likely over and warned businesses and households to plan for higher borrowing costs than they have been used to in recent years.

 

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