Area Money sees upside to 2022 drop in space expense

SAN FRANCISCO – Past calendar year was tough for quite a few space startups.

Overall expenditure dropped 58 % from its $47.4 billion peak in 2021 to $20.1 billion in 2022. However, Chad Anderson, Area Funds controlling husband or wife, thinks the downturn will make the sector much more resilient.

“We see the shift absent from momentum investing and back to a target on fundamentals as a internet positive for the house economy, due to the fact it will reward high quality companies and self-control these that have weaker fundamentals and are battling to execute,” Anderson said by e mail.

Read More

Stocks drop, indexes post weekly losses as Russia-Ukraine concerns outweigh strong jobs data

Stocks fell Friday as investors eyed a much stronger-than-expected report on the labor market’s recovery and continued to monitor for global economic fallout from Russia’s war in Ukraine.

The S&P 500 dropped to extend declines from Thursday and posted a weekly loss of about 1.3%. The Dow posted a fourth straight weekly losses. Treasury yields pulled back further as traders piled into safe havens including bonds and gold, and the benchmark 10-year yield dropped to below 1.8%. The risk-off tone Friday came amid reports that the U.S. was considering a ban on Russian crude oil imports, in a move that

Read More