A batch of Starlink satellites deploy in orbit after a launch on Nov. 13, 2021. SpaceX Elon Musk’s SpaceX expects to lose nearly an entire launch’s worth of Starlink satellites after a sto...
Tag: Breaking News: Business
Why solar geomagnetic storms destroy satellites like SpaceX Starlink
Left: A Falcon 9 rocket carries 49 Starlink satellites toward orbit on Feb. 3, 2022. Right: An April 16, 2012 solar eruption is captured by NASA’s Solar Dynamics Observatory. SpaceX / NASA The s...
Growing sales as Covid vaccine demand fades
CVS Health will face a new challenge in the coming year: proving to investors it can drive growth and retain customers, even as demand for Covid vaccines and testing fades. Shares were down more than ...
Small towns fuel Chipotle’s ambitious North American expansion plans
A woman wearing a facemas exits a Chipotle Mexican Grill restaurant with her takeout order on January 14, 2021 in Monterey Park, California. Frederic J. Brown | AFP | Getty Images Small towns like big...
CDC tells health officials to expect first shipments of young kids’ Covid shots by Feb. 21
A healthcare worker prepares to administer Pfizer-BioNTech COVID-19 vaccines at an elementary school vaccination site for children ages 5 to 11-year-old in Miami, Florida, U.S., on Monday, Nov. 22, 20...
Yum Brands (YUM) Q4 2021 earnings miss estimates
Customers wearing Taco Bell foam taco hats exit the company’s restaurant, a unit of Yum! Brands Inc. in Bangkok, Thailand. Brent Lewin | Bloomberg | Getty Images Yum Brands on Wednesday reported...
CVS Health (CVS) Q4 2021 earnings beat expectations
A teen receives her Pfizer Covid-19 booster at a CVS pharmacy in New York City on Jan. 20th, 2022. Adam Jeffery | CNBC CVS Health said Wednesday that demand for at-home Covid tests and booster shots l...
Pfizer CEO says chances are ‘very high’ FDA will approve low-dose Covid shots for kids under 5
Pfizer CEO Albert Bourla on Tuesday said he believes the Food and Drug Administration will authorize the company’s Covid vaccine for children under 5 years old under a fast-track process that al...
WHO says new omicron BA.2 subvariant will rise globally
RT: Maria Van Kerkhove, Head a.i. Emerging Diseases and Zoonosis at the World Health Organization (WHO), speaks during a news conference on the situation of the coronavirus at the United Nations in Ge...
Chipotle Mexican Grill (CMG) Q4 2021 earnings beat
A customer carries a Chipotle bag in front of a restaurant in Santa Clara, California, U.S., on Tuesday, Oct. 19, 2021. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill on Tuesday r...
Oscar nominations 2022: 10 snubs and surprises
Lady Gaga stars as Patrizia Reggiani in “House of Gucci.” Metro-Goldwyn-Mayer Pictures While “Power of the Dog,” “Dune,” “West Side Story” and “Be...
Probes, executive upheaval continue to tank SPAC-backed EV start-ups
Electric Last Mile Solutions CEO James Taylor wanted to separate his electric vehicle company by staying out of controversies that had engulfed many of his competitors. “We have no lawsuits; no ...
Michael Lewis, three decades after ‘Liar’s Poker,’ says Wall Street is worse in some ways
Michael Lewis Adam Jeffery | CNBC When a 27-year-old Michael Lewis put his head down to write “Liar’s Poker” — the book that ultimately put him on best-selling lists and launched his...
New Alfa Romeo SUV equipped with NFT, blockchain technology
2023 Alfa Romeo Tonale Alfa Romeo Italian auto brand Alfa Romeo is bringing NFTs, which recently rose to popularity in digital art, to its new Tonale SUV, the company said Tuesday for the vehicle̵...
Pfizer (PFE) earnings Q4 2021
Pfizer CEO Albert Bourla addresses a press conference after a visit to oversee the production of the Pfizer-BioNtech COVID-19 vaccine at the factory of U.S. pharmaceutical company Pfizer in Puurs, Bel...
Peloton slashes full-year revenue outlook to $3.7 billion to $3.8 billion from $4.4 billion to $4.8 billion
A man walks in front of a Peloton store in Manhattan on May 05, 2021 in New York. John Smith | Corbis News | Getty Images Peloton on Tuesday slashed its financial outlook for the full year after the c...
Peloton CEO John Foley to step down, transition to executive chair as company cuts 2,800 jobs, says report
John Foley, CEO of Peloton. Adam Jeffery | CNBC Peloton plans to replace CEO John Foley and cut 2,800 jobs as it hopes to restructure its business amid waning demand, according to a report in the Wall...
No Way Home’ could have hit $2 billion with China release
Tom Holland stars as Peter Parker in “Spider-Man: No Way Home.” Sony Since its release in December, “Spider-Man: No Way Home” continues to top box office expectations. The film...
Here’s what the Spirit and Frontier airlines merger means for travelers
Spirit Airlines and Frontier Airlines expanded aggressively over the last decade offering travelers no-frills service in exchange for ultra-low airfares. Their executives vow to keep it that way, even...
Stock futures inch higher after S&P, Nasdaq fall to start the week
U.S. stock index futures crept higher during overnight trading Monday, after the major averages moved between gains and losses during regular trading as the market awaits key inflation data later this...
Watch rocket builder Astra launch first Florida mission for NASA
[The company’s webcast began at 12:00 p.m. ET. Please refresh the page if you do not see the video player above.] Small rocket builder Astra is attempting to launch its first mission from Florid...
‘Matrix’ co-producer sues Warner Bros. over HBO Max streaming release
Keanu Reeves and Carrie-Anne Moss star in Warner Bros.’ “The Matrix Resurrections.” Warner Bros. Village Roadshow Entertainment, a co-producer of “The Matrix Resurrections,R...
Aging homes with higher values could help Home Depot and Lowe’s this spring
A customer wears a protective mask while looking at flowers in the garden center of a Home Depot store in Reston, Virginia. Andrew Harrer| Bloomberg | Getty Images Spring has already arrived at some H...
Stock futures are flat after S&P 500 posts best week of the year
U.S. stock index futures were little changed during overnight trading Sunday after the S&P posted its best week of 2022, boosted by quarterly earnings reports and a better-than-expected January em...
Tequila could overtake vodka as America’s top liquor as sales boom
An employee pours tequila into the popular Mountain Dew Baja Blast frozen drink at the new Taco Bell Cantina in Brookline, MA. John Tlumacki | Boston Globe | Getty Images Tequila could soon overtake v...
Chip shortage forces Ford to cut production of F-150, Bronco SUV
Bronco SUVs in production at Ford’s Michigan Assembly plant, June 14, 2021. Michael Wayland | CNBC DETROIT – Ford Motor is cutting production next week of several key products due to an ongoing ...
Though rare, Moderna Covid vaccine recipients have higher risk of heart inflammation than Pfizer
Moderna’s two-dose Covid-19 vaccine is associated with a higher risk of heart inflammation than Pfizer’s, but the benefits of both companies’ shots outweigh the risks, according to a...
Peloton stock jumps 34% on report Amazon is among potential buyers
Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty Images Shares of Peloton jumped more than 34% in extended trading Friday after the ...
Gas prices climb to highest level in more than 7 years as oil surges above $90
A gas station in Los Angeles on Dec. 10, 2021. FREDERIC J. BROWN | AFP | Getty Images Gas prices rose to the highest level in more than seven years Friday, on the heels of the U.S. oil benchmark toppi...