Airbus hydrogen A380 demonstrator Airbus hydrogen A380 demonstrator Airbus said it plans to test a hydrogen-powered engine on a modified A380 by the middle of the decade, in hopes of bringing lower-em...
Tag: Breaking News: Business
The end of 3G networks is a problem for millions of car owners
The planned shutdown of outdated 3G networks will affect the connected systems of dozens of vehicle models that hit the market anytime from 2010 to as recently as 2021, in some cases. Dusan Petkovic |...
Fatburger parent’s stock craters after company discloses investigation into CEO
Pakistani customers eat at a Fatburger outlet in Karachi, Pakistan. Rizwan Tabassum | AFP | Getty Images Shares of Fat Brands cratered more than 20% on Tuesday morning after the Fatburger and Johnny R...
Here’s why Macy’s isn’t splitting its online business from its stores
Macy’s isn’t breaking up after all. On Tuesday, the department store chain affirmed that it will forge ahead as one retailer, despite pressure from activist Jana Partners to split into two...
Macy’s (M) reports Q4 2021 earnings beat
People wear facemasks as they walk through Herald Square on January 8, 2021 in New York City. Angela Weiss | AFP | Getty Images Macy’s on Tuesday reported fiscal fourth-quarter earnings and sale...
Krispy Kreme reports first quarterly profit since going public
Krispy Kreme on Tuesday reported its first quarterly profit since going public again but fell short of Wall Street’s expectations for its earnings. Shares of the doughnut company rose nearly 2% ...
Home Depot (HD) earnings Q4 2021
A shopper leaves a Home Depot with merchandise that she purchased on August 17, 2021 in Alexandria, Virginia. Alex Wong | Getty Images Home Depot on Tuesday said sales grew 11% in the fiscal fourth-qu...
Walmart debuts fashion designer Brandon Maxwell’s first spring collection
Walmart is debuting the spring collection of Free Assembly, created by fashion designer Brandon Maxwell. Walmart As shoppers get ready for spring, Walmart is debuting new fashion-forward apparel to tr...
Tesla CEO Elon Musk accuses SEC of leaking information
Maja Hitij | Getty Images News | Getty Images Tesla CEO Elon Musk, via his attorney, accused the Securities and Exchange Commission of leaking information about a federal investigation in order to ret...
Beam Suntory sales rise 11% in 2021, fueled by shift to high-end spirits
In the last three years, Knob Creek bourbon has restored the nine-year age statement on its bottles, updated its label design and started selling 12-year and 15-year versions of its whiskey. Prices us...
Queen Elizabeth tests positive for Covid, her symptoms are mild and she is vaccinated
Britain’s Queen Elizabeth reacts during a meeting with members of the Royal Regiment of Canadian Artillery at Windsor Castle in Windsor, Britain, October 6, 2021. Steve Parsons | Pool | Reuters ...
Lufthansa Group to suspend Kyiv, Odessa flights
Lufthansa planes are seen parked on the tarmac of Frankfurt Airport, Germany June 25, 2020. Kai Pfaffenbach | Reuters Lufthansa Group said it would suspend service to Kyiv and Odessa, starting Monday,...
Elon Musk’s SpaceX to split its private stock 10-for-1
A SpaceX Falcon 9 rocket and Dragon spacecraft ahead of the Inspiration4 mission in Merritt Island, Florida, U.S., on Wednesday, Sept. 15, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Elon Mus...
Walt Disney World increases prices for multiday, Park Hopper tickets
A guest takes a selfie at Magic Kingdom Park at Walt Disney World Resort on July 11, 2020. (Photo by Olga Thompson/Walt Disney World Resort via Getty Images) Walt Disney World Resort is raising ticket...
GM discontinues once-promising Marketplace app that allowed you to shop while driving
GM is ending its in-vehicle “Marketplace” app that allowed drivers to order and pay for goods and services such as gasoline or coffee through their vehicle. GM DETROIT – General Motors is ...
Ford shares pop on report of potential spinoff of EV business
Ford CEO Jim Farley speaks with reporters outside the company’s world headquarters on May 19 in Dearborn, Michigan, following the debut of the electric F-150 Lightning pickup truck Michael Wayla...
Mattel unveils its strategy for its next leg of growth
Mattel Barbie brand dolls are arranged for a photograph in Tiskilwa, Illinois, U.S., on Monday, April 16, 2018. Bloomberg | Getty Images With its toy business on better footing, Mattel said Friday it ...
Chamath Palihapitiya steps down from Virgin Galactic board
Virgin Galactic leaders in front of the New York Stock Exchange, from left: CEO George Whitesides, founder Richard Branson and Chairman Chamath Palihapitiya. Virgin Galactic Virgin Galactic announced ...
California lays out plan to live with Covid for the long-term, fight future surges and new variants
A COVID-19 testing location is shown set up on the sidewalk in downtown Los Angeles, California, November, 16, 2021. Mike Blake | Reuters California on Thursday laid out a plan that manage Covid as a ...
Bezos’ Blue Origin building more space tourism rockets: CEO
A Blue Origin New Shepard rocket lifts off with a crew of six, including Laura Shepard Churchley, the daughter of the first American in space Alan Shepard, for whom the spacecraft is named, from Launc...
Cathie Wood says her innovation stocks are ‘way undervalued’ and recent fund losses temporary
Cathie Wood of Ark Invest said Thursday the technology companies in her innovation-focused portfolio are drastically undervalued, and she believes that her fund’s recent sell-off is short-lived....
Walmart says shoppers are on alert as grocery bills climb
A shopper wearing a protective mask shops in a Walmart store on May 18, 2021 in Hallandale Beach, Florida. Joe Raedle | Getty Images Walmart Chief Financial Officer Brett Biggs said shoppers aren̵...
Tesla CEO Musk accuses SEC of calculated effort to ‘chill’ his right to free speech
Elon Musk, chief executive officer of Tesla Inc., waves while departing court during the SolarCity trial in Wilmington, Delaware, U.S., on Tuesday, July 13, 2021. Al Drago | Bloomberg | Getty Images T...
Walmart (WMT) earnings Q4 2022
A worker delivers groceries to a customer’s vehicle outside a Walmart Inc. store in Amsterdam, New York, on Friday, May 15, 2020. Angus Mordant | Bloomberg via Getty Images Walmart topped quarte...
FAA chief Steve Dickson announces resignation midway through term
Stephen Dickson, administrator of Federal Aviation Administration (FAA) nominee, speaks during a Senate Commerce, Science & Transportation confirmation hearing in Washington D.C., May 15, 2019. St...
Hasbro activist wants toy company to spin-off Wizards of the Coast
An activist investor wants to add new members to Hasbro’s board and is urging the toy company to make changes to its current business strategy, including spinning off its lucrative Wizards of th...
A $45 billion credit fund manager says the Fed is ‘way, way, way behind the curve’ on inflation
(Click here to subscribe to the new Delivering Alpha newsletter.) Lawrence Golub helms one of the largest private credit shops in the alternative finance space. His eponymous firm, Golub Capital, has ...
CDC wants to give people a break from wearing masks as pandemic improves, director says
Dr. Rochelle Walensky, director of Centers for Disease Control and Prevention testifies during a Senate Health, Education, Labor, and Pensions Committee hearing to examine the federal response to the ...
Walmart’s earnings may signal if shoppers getting spooked by inflation
When Walmart reports quarterly earnings Thursday, investors will scour sales numbers and executives’ comments for clues about whether rising prices are making shoppers skittish. The retail giant...