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January 16, 2025

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Will small cap stocks finally take on a leadership role in 2025? In this video, Dave provides a thorough technical analysis discussion of the Russell 2000 ETF (IWM) and how that compares to the current technical configuration of the S&P 500 index. He also shares three charts he’ll be watching in the coming weeks to determine whether small caps are more likely to outperform their large cap counterparts.

This video originally premiered on January 14, 2025. Watch on StockCharts’ dedicated David Keller page!

Previously recorded videos from Dave are available at this link.

India on Thursday became the fourth country to successfully achieve an unmanned docking in space, a feat seen as pivotal for future missions as New Delhi cements its place as a global space power.

The United States, Russia and China are the only other countries to have developed and tested the docking capability.

“Spacecraft docking successfully completed! A historic moment,” the Indian Space Research Organization (ISRO) said on X.

The Indian space agency’s mission, called the Space Docking Experiment (SpaDex), involved deploying two small spacecraft, weighing about 220 kilograms each, into low-earth orbit. The two spacecraft, called Target and Chaser, blasted off from the Satish Dhawan Space Center in southern Andhra Pradesh state on December 30 aboard an Indian-made PSLV rocket.

On Thursday, they conducted a rendezvous before docking together.

India’s “SpaDex mission marks the beginning of a new era in space exploration, showcasing India’s technological prowess and ambition,” Minister for Space Jitendra Singh said on X at the time it launched.

In-docking technology is critical for future space endeavors, such as satellite servicing and when multiple rocket launches are required to achieve mission objectives.

Domestically developed docking technology will be crucial if India is to succeed in advancing its ambition of putting an Indian national on the moon, building a home-grown space station, and returning lunar samples, according to the ISRO.

The technology will allow India to transfer materials from one satellite or spacecraft to another, such as payloads, lunar samples or, eventually, humans in space, Singh told reporters at a press conference on December 31.

As part of the mission, the docked spacecraft will also demonstrate the transfer of electric power between them, once they are linked. This is essential for operating in-space robotics, spacecraft control, and payload operations during future missions.

Before the docking, India on Sunday conducted a “trial attempt” where the two satellites were brought progressively closer together in orbit until they reached 3 meters apart, before moving back to a “safe distance.”

The successful docking came after the experiment was twice postponed on January 7 and 9 due to technical issues, and the spacecraft drifting more than expected during a maneuver to bring them closer together.

A global space race

India’s space ambitions have accelerated under Prime Minister Narendra Modi, who was elected to a third term last June and who has tried to assert India’s place on the global stage.

In 2023, India joined an elite space club becoming the fourth country to land a spacecraft on the moon. The historic Chandrayaan-3 mission, the first to make a soft landing close to the moon’s unexplored South Pole, has collected samples that are helping scientists understand how the moon was formed and evolved over time.

As part of its ambitious plans, India aims to launch its first crewed mission to space in the next few years, and put an astronaut on the moon – a feat only ever achieved by the US – by 2040.

The country has also set its sights on building its own space station by 2035, which will be called the “Bharatiya Antariksha Station,” and launching its first orbital mission to Venus in 2028. It also plans to return moon samples as part of its ongoing lunar Chandarayaan program in 2027.

India has also made a major push to commercialize its space sector in recent years, allowing private enterprise and easing approvals for foreign investment, which has focused on building and launching small satellites into low-Earth orbit more cheaply.

For Sunday’s docking experiment, the rocket and spacecraft were integrated and tested at private company Ananth Technologies, in a first for the country.

This post appeared first on cnn.com

Meta is set to cut about 5% of its workforce, focusing on the company’s lowest-performing staffers, CNBC confirmed Tuesday.

CEO Mark Zuckerberg informed employees about the decision to “move out low performers faster” in a memo posted on the company’s internal Workplace forum on Tuesday. Zuckerberg told employees 2025 will “be an intense year.”

The company specified that it is “exiting approximately 5% of our lowest performers” in a separate message posted by a company director. Meta has more than 72,000 employees, according to its most recent quarterly report.

Meta said employees affected by the layoffs will be notified by Feb. 10 and receive severance in line with what the company has provided previously. The cuts represent Meta’s largest layoffs since it eliminated 21,000 jobs, or nearly a quarter of its workforce, in 2022 and 2023.

Bloomberg was first to report the cuts, citing an internal memo.

The move follows several major operational changes within Meta aimed at building closer ties with President-elect Donald Trump.

Last week, Zuckerberg announced Meta would end its third-party fact-checking program in favor of a “Community Notes” model used on Elon Musk’s platform X, where individual users provide more context to posts.

“The recent elections also feel like a cultural tipping point towards once again prioritizing speech, so we’re going to get back to our roots and focus on reducing mistakes, simplifying our polices and restoring free expression on our platforms,” Zuckerberg said in a video announcement.

Below is Zuckeberg’s internal memo, which CNBC obtained.

Meta is working on building some of the most important technologies of the world. AI, glasses as the next computing platform and the future of social media. This is going to be an intense year, and I want to make sure we have the best people on our teams.

I’ve decided to raise the bar on performance management and move out low performers faster. We typically manage out people who aren’t meeting expectations over the course of a year, but now we’re going to do more extensive performance-based cuts during this cycle, with the intention of back filling these roles in 2025. We won’t manage out everyone who didn’t meet expectations for the last period if we’re optimistic about their future performance, and for those we do let go, we’ll provide generous severance in line with what we provided with previous cuts.

We’ll follow up with more guidance for managers ahead of calibrations. People who are impacted will be notified on February 10 or later for those outside the U.S.

This post appeared first on NBC NEWS