Skip to main content

Featured

Weekly Market Snapshot: Fed Hikes, Oil Above $100 and the TSX Finally Snaps Its Losing Streak (Sept. 15–19, 2026)

  September 19, 2026 It was the week everyone was waiting for. The Federal Reserve raised interest rates for the first time in three years — and almost immediately, markets started debating whether there's more to come. Meanwhile, oil pulled back from the week's highs but stayed well above $100 a barrel, and the TSX managed its first weekly gain after four straight weeks in the red. Here's everything that moved markets — and what it means for your wallet. 🍁 Canada — TSX Index Friday Close Week Change S&P/TSX Composite 35,806.65 +0.3% After four straight weeks in negative territory, the TSX finally caught a break — though "break" is generous. The index eked out a 0.3% weekly gain while closing Friday down 69.58 points (-0.2%), as rising bond yields and lingering energy-sector pressures kept the mood cautious on Bay Street. Financials were mixed: RBC edged slightly lower, TD rose 0.6%, but Fairfax Financial slid 2.6%. Gold miners pulled back after rallying shar...
Post a Comment
Read more

article

Labels

Starship's Fiery Setback: SpaceX Faces Another Explosion

SpaceX's ambitious Starship program encountered another hurdle as its massive spacecraft exploded during its eighth test flight. The incident occurred shortly after liftoff from the Boca Chica launch site in Texas. The upper stage of the rocket spun uncontrollably before breaking apart, scattering fiery debris over the Caribbean.

This marks the second consecutive failure for the Starship program this year, following a similar mishap during its seventh test flight. Despite these setbacks, SpaceX remains committed to refining the rocket, which is central to Elon Musk's vision of future crewed missions to the Moon and Mars.

The Federal Aviation Administration (FAA) has launched an investigation into the incident, temporarily halting air traffic in parts of Florida due to concerns over space debris. SpaceX has described the explosion as a "learning opportunity" and plans to implement safety improvements for future launches.

While the Super Heavy booster successfully returned to the launch pad, the failure of the upper stage highlights the challenges of developing cutting-edge space exploration technology. SpaceX continues to push the boundaries, undeterred by these fiery setbacks.

Labels:

Comments

Post a Comment