Customers wait in line outside of a Silicon Valley Bank branch in Wellesley, Massachusetts, US, on Monday, March 13, 2023. Sophie Park | Bloomberg | Getty Images Regulators could make a second attemp...
Tag: Breaking News: Business
Gundlach says Fed will hike rate next week to save face, but shouldn’t
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach believes that the Federal Reserve will still pull the tr...
SpaceX to test Starlink, T-Mobile cell service this year
Sopa Images | Lightrocket | Getty Images WASHINGTON — SpaceX plans to begin testing its Starlink satellite-to-cell service with T-Mobile this year, an executive of Elon Musk’s company said on Mo...
Charles Schwab shares drop 8%, but rally off lows as firm defends financial position
Pedestrians pass in front of a Charles Schwab bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Charles Schwab shares cut steep losses on Monday as the financial ...
Biden administration urges Congress to ban airline family-seating fees
Passengers wearing protective masks are seen aboard before a JetBlue flight to London at JFK International Airport in the Queens borough of New York City, August 11, 2021. Jeenah Moon | Reuters The Bi...
Oscar box office bump is shrinking
Michelle Yeoh in “Everything Everywhere All at Once.” Source: imdb The winner of the best picture award at Sunday’s Oscars may not get a box office bump for taking home the nightR...
Investors rush into bonds, gold in flight to safety after SVB rescue
A trader works on the floor during morning trading at the New York Stock Exchange (NYSE) on March 10, 2023 in New York City. Spencer Platt | Getty Images Investors flocked to safe-haven assets such a...
Meet K2 Space, a spacecraft startup leveraging SpaceX Starship
Cofounders and brothers Karan Kunjur, left, and Neel Kunjur. K2 Space A pair of brothers is aiming to challenge the way spacecraft are built, by going against the industry trend and designing massive ...
Astra investigates ‘potential illegal short selling’ as delisting deadline looms
Astra CEO Chris Kemp speaks inside the company’s headquarters during the company’s “Spacetech Day” on May 12, 2022. Brady Kenniston / Astra Spacecraft engine manufacturer and s...
Silicon Valley Bank Financial in talks to sell itself after attempts to raise capital have failed, sources say
The Silicon Valley Bank mobile app logo on a smartphone arranged in Riga, Latvia, March 10, 2023. Andrey Rudakov | Bloomberg | Getty Images SVB Financial, parent of Silicon Valley Bank, is in talks t...
Allbirds (BIRD) Q4 earnings 2022
A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021. Al Drago | Bloomberg | Getty Images Footwear retailer Allbirds on Thursday unveiled ...
Gap (GPS) Q4 earnings 2022
People walk by the Gap retail store in Century City on September 20, 2022 in Los Angeles, California. Allison Dinner | Getty Images Gap reported disappointing holiday-quarter results Thursday and anno...
Disney CEO Bob Iger wants fresh Marvel superhero slate
Cassie Lang (Kathryn Newton) and Scott Lang (Paul Rudd) in “Ant-Man and the Wasp in Quantumania.” Disney After a fourth Thor movie and a third standalone Ant-Man film, even Disney CEO Bob ...
Biden proposed FAA budget for 2024 increases funding
An American Airlines Airbus A319 airplane takes off past the air traffic control tower at Ronald Reagan Washington National Airport in Arlington, Virginia, January 11, 2023 Saul Loeb | AFP | Getty Ima...
Biden’s proposed NASA budget for 2024 increases funds to $27.2 billion
Vice President Kamala Harris meets with NASA astronauts Shannon Walker and Joe Acaba at Kennedy Space Center in Florida during a tour on Aug. 29, 2022. Bill Ingalls / NASA President Joe Biden is seeki...
GM offers buyouts to ‘majority’ of U.S. salaried workers
Mary Barra, CEO of General Motors at the NYSE, November 17, 2022. Source: NYSE DETROIT – General Motors will offer voluntary buyouts to a “majority” of its U.S. white-collar employees, as ...
WWE in talks over legalized betting on scripted match results
Vince McMahon attends a press conference to announce that WWE Wrestlemania 29 will be held at MetLife Stadium in 2013 at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey. Michael N....
Relativity first 3D-printed Terran 1 rocket launch
[The company’s livestream is slated to begin at noon ET. Please refresh the page if you do not see the video player above.] 3D-printing specialist Relativity Space is attempting its first rocket...
American Airlines CEO tells pilots pay will match Delta’s
FILE – American Airlines President Robert Isom speaks at a news conference about the company’s new partnership with Alaska Airlines, Thursday, Feb. 13, 2020, in Seattle. American Airlines ...
Tucker Carlson said he hates Trump: Dominion-Fox filing
A billboard truck seen outside Fox News HQ. Members of the activist groups Truth Tuesdays and Rise and Resist gathered at the weekly FOX LIES DEMOCRACY DIES event outside the NewsCorp Building in Manh...
Warren Buffett’s Berkshire Hathaway buys more Occidental Petroleum shares
Warren Buffett Gerard Miller | CNBC Warren Buffett’s Berkshire Hathaway added to its already large Occidental Petroleum stake over the past trading sessions, a regulatory filing revealed Tuesday...
DOJ sues JetBlue over Spirit takeover
A JetBlue Airways Airbus A320, left, passes a Spirit Airlines Airbus A320 as it taxis on the runway, Thursday, July 7, 2022, at the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, ...
Starbucks CEO Howard Schultz agrees to testify at Senate hearing after subpoena threat
Senator Bernie Sanders (I-VT) (L), Starbucks CEO Howard Schultz Reuters (L) | Getty Images (R) Starbucks CEO Howard Schultz has agreed to testify in a U.S. Senate hearing about the coffee chain’...
Dick’s Sporting Goods (DKS) Q4 2022 earnings
A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City. Spencer Platt | Getty Images Dick’s Sporting Goods on Tuesday reported holiday-quarter results that beat...
Used vehicle prices rising at an unseasonably strong rate
A used car dealership is seen in Annapolis, Maryland on May 27, 2021, as many car dealerships across the country are running low on new vehicles as a computer chip shortage has caused production at ma...
Lego sales leap as fans buy Harry Potter, Star Wars sets
A customer reaches for a box from the Lego Dots range at the Lego A/S store in London, U.K., on Monday, March 7, 2022. Bloomberg | Getty Images Lego sales are building on pandemic-era growth, boosted ...
Slowing losses, new military contract
BlackSky at New York Stock Exchange, September 13, 2021. Source: NYSE Satellite imagery specialist BlackSky announced fourth-quarter results on Tuesday that show the company further trimming losses an...
Best Buy and Atrium Health set in-home hospital care deal
Best Buy is best known for installing TVs and home theater systems. Now, its Geek Squad is helping to set up virtual hospital rooms. The consumer electronics retailer said Tuesday it has struck a thre...
Paramount considers BET Media majority stake sale
Shari Redstone, chairwoman of ViacomCBS and president of National Amusements, and Bob Bakish, President and CEO of ViacomCBS, celebrate their company’s merger at the Nasdaq MarketSite in New Yor...
Nestle, Tyson, food giants bet on air fryers
An Air Fryer for sale at Kroger Marketplace in Versailles, Kentucky, U.S., on Tuesday, Nov. 24, 2020. Scotty Perry | Bloomberg | Getty Images Kettle Foods, known for its kettle-cooked potato chips, re...