- Amr Dalsh/Reuters
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A rocket that SpaceX was testing just exploded on a launch pad in Florida.
SpaceX was scheduled to do a static test-fire of a 229-foot-tall Falcon 9 rocket with no crew aboard it on Thursday morning, when it exploded shortly after 9 a.m. EDT. There were no reported injuries.
“I just heard a boom and a bang. I looked out the window, and the rocket was sort of bent at 45 degrees and I saw dirty black smoke and flames,” a source who’s employed at a company that does work at Cape Canaveral told Business Insider.
In related news, Elon Musk’s bankers made a mistake on the SolarCity deal, but Tesla went ahead with it anyway.
Societe Generale’s uber-bear strategist Albert Edwards doesn’t think that the consumer can keep the US economy afloat for very long. The US economy may not be as strong as it looks, according to UBS. Ford says US auto sales have peaked.
Wall Street’s language is now being applied to the human race, and it has scary implications. The world’s economic ‘canary in the coal mine’ just flashed a misleading signal. And it really is all about the dollar.
Paul Krugman recently stopped by Business Insider to talk to senior editor Josh Barro. You can see Krugman discussing how financial markets view a Trump presidency here.
You can now follow Business Insider on Line, the messaging app that is booming in Asia.
Lastly, the first ever travel photographs are up for auction – and they offer a fascinating glimpse into ancient Egypt.
Here are the top Wall Street headlines at midday:
The Brazilian billionaire who bought Heinz and Burger King could soon be able to strike a $100 billion deal – Jorge Lemann is behind some of America’s most iconic consumer brands.
Ireland might decide to keep the $14.5 billion Apple tax windfall after all – After the European Commission slapped Apple with a staggering €13 billion (£11 billion, $14.5 billion) tax bill over its tax arrangements with Ireland, the Irish government immediately indicated its outrage and intention to appeal.
This chart will scare anyone worried about the world ‘turning Japanese’ – It’s been a tough couple decades in Japan.
Here’s what investors don’t realize about Netflix’s future – Wall Street is split on Netflix: some are unloading shares while others are calling it a “number-one buy.”
3 bears could take down the ‘Goldilocks’ stock market – The stock market has been fairly placid lately, and many investors are attempting to anticipate its next strong move.
6 senior women on Wall Street share their best career advice – Building a successful career on Wall Street is never an easy task.
This 364-foot superyacht includes a fire-pit, ‘floating’ elevator, and waterfall on board – The British yacht designer Andy Waugh is known for creating extravagant superyachts with dive rooms, private cinemas, and multiple swimming pools.