Latest news with #JaspreetSingh
Japan Today
2 days ago
- Science
- Japan Today
SpaceX Starship rocket explodes in setback to Musk's Mars mission
Flames rise as a SpaceX rocket explodes in Brownsville, Texas, U.S., June 18, 2025, in this screengrab obtained from a social media video. TheRocketFuture via X/via REUTERS By Jaspreet Singh and Cassell Bryan-Low SpaceX's massive Starship spacecraft exploded into a dramatic fireball during testing in Texas late on Wednesday, the latest in a series of setbacks for billionaire Elon Musk's Mars rocket program. The explosion occurred around 11 p.m. local time while Starship was on a test stand at its Brownsville, Texas Starbase while preparing for the tenth test flight, SpaceX said in a post on Musk's social-media platform X. The company attributed it to a "major anomaly" and said all personnel were safe. Its engineering teams were investigating the incident, and it was coordinating with local, state and federal agencies regarding environmental and safety impacts, the company said. "Preliminary data suggests that a nitrogen COPV in the payload bay failed below its proof pressure," Musk said in a post on X, in a reference to a nitrogen gas storage unit known as a Composite Overwrapped Pressure Vessel. "If further investigation confirms that this is what happened, it is the first time ever for this design," he continued. The Starship rocket appeared to experience at least two explosions in quick succession, lighting up the night sky and sending debris flying, according to video capturing the moment it exploded. The 400-foot (122-meter) tall Starship rocket system is at the core of Musk's goal of sending humans to Mars. But it has been beset by a string of failures this year. In late May, SpaceX's Starship rocket spun out of control about halfway through a flight without achieving some of its most important testing goals. The Starship lifted off from SpaceX's Starbase, Texas, launch site, flying beyond the point of two previous explosive attempts earlier this year that sent debris streaking over Caribbean islands and forced dozens of airliners to divert course. Two months earlier, the spacecraft exploded in space minutes after lifting off from Texas, prompting the U.S. Federal Aviation Administration (FAA) to halt air traffic in parts of Florida. Videos on social media showed fiery debris streaking through the dusk skies near South Florida and the Bahamas after Starship broke up in space shortly after it began to spin uncontrollably with its engines cut off, a SpaceX live stream of the mission showed. Musk called that explosion "a minor setback." The FAA said earlier this month that it had closed an agency-required investigation into the mishap, citing the probable cause as a hardware failure in one of the engines. SpaceX identified eight corrective actions to prevent a recurrence and the FAA said it verified SpaceX implemented those prior to the late May Starship mission. In January, a Starship rocket broke up in space minutes after launching from Texas, raining debris over Caribbean islands and causing minor damage to a car in the Turks and Caicos Islands. © Thomson Reuters 2025.
Yahoo
3 days ago
- Business
- Yahoo
5 Most Impactful Financial Changes To Make Today, According to Jaspreet Singh
A Pew Research Center survey found that only 37% of Americans believed their finances would be in better shape within one year. Many reported struggling to cover their medical care or housing costs and needing to get loans from loved ones. Explore Next: Check Out: If you're unhappy with your situation, you need to figure out exactly what to focus on so you can become more financially secure. This likely involves going beyond eliminating small, frequent expenses, like your daily premium coffee. A YouTube video from money expert Jaspreet Singh explained five changes that will have the biggest impact on your finances — start making these moves today. Singh said it's common to unknowingly pay too much in fees for your retirement account. Various funds have an expense ratio that you pay for annually, depending on your earnings and investments. While the fee might seem small, it could cost you hundreds of thousands or even millions. Singh gave examples of the VFIAX and GFACX funds with respective expense ratios of 0.04% and 1.36% and average returns of 12.5% and 12.6%. If you spent 30 years investing $1,000 per month in those funds, you'd reach $3.56 million with VFIAX versus $2.7 million with GFACX. That difference shows it's crucial to know what you're paying and change investments if needed. Trending Now: 'If you are paying higher fees, make sure the returns are justifying the fees,' Singh said. 'Because what we've seen through history is that, in general, high-fee accounts do not outperform the lower cost, lower fee, passively managed accounts when you look at it over the long run.' A report from the U.S. Bureau of Labor Statistics identified housing, transportation, food and health care as some of the largest household expenses in 2023. While you might think of cutting back on the less important stuff, Singh recommended targeting the major expenses if you're financially strained. For example, he said you could look for a cheaper place or vehicle and invest the savings. Other options could include splitting costs with a roommate and using alternative transportation, like carpooling or taking the bus. According to Singh, you might save up to $1,000 each month if you're strategic with your cuts. After you've built up wealth, you'll find it more realistic to spend money on fancier things without stress. Increasing your income goes hand in hand with cutting expenses to build wealth more efficiently. Singh explained that even getting your employer to offer a $5,000 raise has a major long-term impact when you look at the compound interest potential. He gave an example of investing your $5,000 raise every year for 30 years and getting a 10% average return, which he said would get you to about $1 million. If you change the timeline to 40 years, you'd reach about $2.4 million. 'This is the power of asking for that raise sooner rather than later and then taking that additional money and putting it to work,' Singh added. Getting yourself into a better financial position requires rethinking how you use your paycheck so that your money goes to work and makes you richer. Singh laid out three steps to take. First, he said you need to track your spending so you know where your pay is going every month. A budgeting app or a simple spreadsheet with your income and expenses will do the job. Singh recommended using categories for expenses, which you can identify from financial statements and noting the money you invested, gave or saved. After that, consider using the 75/15/10 plan to prevent overspending and ensure you're working toward your money goals. Singh explained that this limits your spending to 75% of your earnings and requires investing a minimum of 15% and saving at least 10%. With your plan in place, you can focus on investing as much as possible to build your wealth. That means making smart decisions with any extra money you get as well. 'One common trait that you will find amongst all successful people is that they were willing to take a risk on themselves,' Singh said. For you, this might look like finally getting started with investing, making your business dream a reality or getting a degree that helps you land a higher-paying job you love. It could also be as simple as getting a book that educates you on investing or offers career tips. Singh explained that this kind of risk-taking isn't easy but is worth it, so you should trust yourself and not let failure discourage you. He gave the example of how his parents wanted him to become a doctor from a young age, yet he found different opportunities as an entrepreneur and content creator. More From GOBankingRates I'm a Retired Boomer: 6 Bills I Canceled This Year That Were a Waste of Money This article originally appeared on 5 Most Impactful Financial Changes To Make Today, According to Jaspreet Singh Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
7 Biggest Wealth Killers of 2025, According to Jaspreet Singh
An April 2025 Gallup Poll identified inflation, housing costs and insufficient wages as the three most common financial problems Americans reported. While these things make it harder to build wealth, many other factors are less obvious but can still put a big dent in your finances. Be Aware: Read Next: In a recent video, money expert Jaspreet Singh discussed seven of the biggest things killing your wealth in 2025. See how you can start saving more money, investing in yourself and making better money decisions. The May 2025 consumer price index data indicated a 7% year-over-year increase in car insurance costs, which was nearly three times the rate for all items. The rising cost of this essential coverage shows how important it is to check rates for different car insurance companies since you'll likely find a better deal. Singh said rate shopping could save you 15% per month on your premiums. Check Out: The current national average rate for savings accounts is 0.42%, and many major banks offer a small fraction of that. That tiny return doesn't come close to keeping up with inflation, which steals your money's purchasing power. Singh recommended instead going with an insured bank offering a high-yield savings account, which he said can yield a much better 4% to 4.5% interest rate. That way, you'll start earning more than inflation and still keep your money in a safe place. '2025 will go down in history as one of the most educational years in stock market history because you can see the importance of not being an emotional investor,' Singh said. He discussed the tariff-related market turbulence over the last several months. If you sold your investments out of panic, you may have lost a lot of money compared with if you had stayed calm and waited for the markets to go up again. At the same time, you might have missed out on opportunities to make money if you didn't buy during the down periods. Rather than acting on emotions, remember that volatility is normal and think about the long term. That way, you can make better investing decisions that build your wealth. Singh spoke about how the extra money that people received during the pandemic led to increases in luxury purchases. That was also a time when many people's expenses dropped since they were often staying home. But now you'll pay more for many purchases, and stimulus checks are far in the past. If you haven't tightened your budget and reined in spending on luxuries, your pandemic-style buying habits may be destroying your wealth today and even putting you into debt. The American Gaming Association reported that Americans spent around $72 billion on sports betting in 2024. Being able to place bets on mobile apps has made it easier to find yourself with this gambling habit and overstated hopes of winning big. 'Expect to not make any money and do it for the fun if you find it fun, but you're not going to make any money,' Singh said. You have a much better chance of building wealth if you control your expenses, maximize your income and smartly invest your extra money. Being able to order most things on your phone and have them quickly arrive at your place is great for convenience. But the hidden costs associated with those orders can kill your wealth. For example, you might have to pay service and delivery fees along with a tip. Plus, there's the risk of you buying things unnecessarily just because you see them, want them and can get them fast. Rethinking convenience purchases is also important to avoid additional debt. 'The best investment you can make is not the S&P 500, it's not Nvidia, it's not Tesla, it's not real estate, it's not gold, it's not Bitcoin — it's you,' Singh said. He explained that many people feel comfortable spending on fancy experiences or items, yet they question paying a similar amount to educate themselves and grow their skills. This cheats them from building knowledge that helps them make decisions that build wealth. So consider spending money on courses, books, financial advisors and other things that improve your investment skill set. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth 5 Types of Cars Retirees Should Stay Away From Buying This article originally appeared on 7 Biggest Wealth Killers of 2025, According to Jaspreet Singh
New Indian Express
13-06-2025
- New Indian Express
Influencer Kanchan Kumari strangled, left in car by radical group over ‘objectionable' content, say Punjab police
CHANDIGARH: The Punjab Police have cracked the blind murder case of 30-year-old social media influencer Kanchan Kumari, popularly known as Kamal Kaur Bhabhi, with the arrest of two nihangs who allegedly killed her as part of a 'moral policing' act. Kanchan was found dead under mysterious circumstances inside her car parked outside Adesh University at Bhucho Kalan, along the Bathinda-Chandigarh highway, on Wednesday. The arrested accused have been identified as Jaspreet Singh (32) of Mehron village in Moga district and Nimratjeet Singh (21) of Harike in Tarn Taran district. Both are unemployed and frequently wore nihang attire. They were arrested around 1 am on Thursday. However, the key accused, Amritpal Singh Mehron, remains absconding. Canada-based designated gangster-terrorist Arsh Dalla had also allegedly threatened Kanchan earlier, warning her of dire consequences if she continued posting 'objectionable videos'. Confirming that the murder was premeditated and executed with full coordination, Senior Superintendent of Police of Bathinda, Amneet Kondal, said, 'The alleged accused Jaspreet Singh and Nimratjeet Singh have been arrested for the murder, while a search is on for the third accused, Amritpal Singh Mehron, a self-styled Sikh radical leader, who is on the run.' 'They had earlier warned the deceased Kanchan not to post her online content, which they thought was 'vulgar' and 'objectionable'. The main accused Amritpal Singh had earlier warned her to stop posting 'vulgar' videos and had planned to teach her a lesson. He, along with others, then hatched a conspiracy and they strangled her to death at an isolated location on Tuesday,' Kondal added.
Time of India
11-06-2025
- Business
- Time of India
Meta's Threads to test direct messaging feature in select markets
HighlightsMeta Platforms will begin rolling out direct messaging on its Threads application to select markets, including Hong Kong and Thailand, in an effort to attract more users. Threads, launched in 2023 as a competitor to Elon Musk's social media platform X (formerly known as Twitter), has quickly gained popularity, boasting over 350 million monthly active users. Research firm Emarketer predicts that Threads' U.S. monthly active users will increase by 17.5% to 60.5 million by next year, surpassing the anticipated decline in users for X. By Jaspreet Singh Meta Platforms said it would start rolling out direct messaging on its Threads app, adding a feature long offered by rivals, in a bid to attract more users. Users in select markets, including Hong Kong and Thailand, will get a dedicated inbox for direct messages on the app as part of the test, eliminating the need to switch to Instagram's messaging platform, CEO Mark Zuckerberg said on Tuesday. Meta said messages on Threads will not be encrypted for now. Threads and Instagram have long been intertwined as part of Meta's plans to leverage the image and video sharing platform's massive user base to better compete with services such as X, TikTok and Reddit for digital ad dollars. Launched in 2023 as a competitor to Elon Musk's X, then known as Twitter, following his chaotic takeover of the platform, Threads quickly attracted consumers and now boasts over 350 million monthly active users . Meta announced the expansion of advertising on Threads to all eligible advertisers globally in April. However, the company has said it did not expect Threads to be a "meaningful driver" of revenue growth in 2025. Research firm Emarketer expects Threads' U.S. monthly active users will grow 17.5% to 60.5 million by next year, surpassing X, whose user base is expected to decline 14.4% to 50 million. U.S. trade restrictions and the rise of AI-powered ad targeting have pushed social media platforms to enhance their offerings, adding distinctive features and sharper user experiences to stand out in a saturated market.
