Google Dips After Search Revenues Miss; Capex Guidance Awaited

Europe Finally Gets Its Own SpaceX Challenger As Isar Reaches Orbit At 10:12pm local time on Saturday, a 92-foot rocket built by Munich startup Isar Aerospace lifted off from a windswept island above the Arctic Circle and reached orbit,  where it deployed five small satellites into a roughly 500-km orbit on what was only its second flight, making it the first commercial European company to deliver payloads to orbit and the first successful commercial orbital launch from continental Europe.  Isar Aerospace’s Spectrum rocket takes off from the Andøya Spaceport in Norway on Sept. 5. Source: Isar...

Hurricane Isaias Slams Gulf Coast, Knocks Out Power To 830,000 As Major Refineries Are Spared Hurricane Isaias knocked out power to about 830,000 homes and businesses across Florida, Alabama, and Georgia and disrupted oil and natural gas operations in the Gulf of America, but the good news: it narrowly missed major refineries. The Category 2 hurricane made landfall near Destin, Florida, at 8:30 local time, with sustained winds of 105 miles per hour before weakening into what the National Hurricane Center calls a "post-tropical cyclone." Strong winds damaged roofs, toppled trees...

AI Spend Lifts Core US Durable Goods Orders Rise For 17th Straight Month In August With PMIs soaring to multi-year highs earlier in the week, US durable goods orders were expected to be mixed in preliminary August data. And mixed it was (with plenty of revisions)... the headline print was unchanged MoM (better than the 0.3% MoM decline expected) with a small revision lower for July. Boeing reported fewer orders in August compared with the prior month. However, Ex-Transports disappointed, rising just 0.3% MoM (half the expected 0.6% MoM rise) with a revision...