Plenty uses vertical farming to grow a high volume of leafy greens year-round. It plans to use the technology to grow other crops, including strawberries and tomatoes. Photo: Spencer Lowell for Plenty...
Tag: Breaking News: Business
The next Covid variant will be more contagious than omicron, WHO says
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...
Berkshire Hathaway’s annual meeting — Buffett’s ‘Woodstock for Capitalists’ — set to return in person after 2 years virtual
Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway said Tuesday its annual shareholders meeting will be held in...
Retailers’ average return rate jumps to 16.6% as online sales grow
Miami, Doral, IKEA exchange and returns elevators. Jeff Greenberg | Universal Images Group | Getty Images As shoppers buy more online during the pandemic, they are also returning a larger portion of c...
OSHA withdraws rule for businesses after losing Supreme Court case
The Biden administration is formally withdrawing its vaccine and testing mandate for businesses, after the Supreme Court blocked the requirements earlier this month. The Occupational Safety and Health...
Airbus to rent out its giant Beluga aircraft in bet on air cargo boom
An Airbus Beluga transport aircraft takes off from the Airbus plant in Hamburg-Finkenwerder. Marcus Brandt | picture alliance | Getty Images Airbus on Tuesday said it is renting out its giant Beluga a...
AMC reportedly in advanced talks to refinance debt
A man walks past the AMC Georgetown 14 Theatres in Washington, DC on June 3, 2021. Mandel Ngan | AFP | Getty Images AMC Entertainment is fast-tracking its plan to refinance its debt, according to a ne...
Coca-Cola and Molson Coors to make spiked lemonade under Simply brand
Simply Spiked Lemonade Courtesy: Molson Coors Coca-Cola and Molson Coors Beverage are teaming up again, this time for a new line of alcoholic drinks under the Simply brand. The two companies announced...
FTC likely suing to block Lockheed Martin buy
Four Aerojet Rocketdyne RS-25 engines attached to the core Stage for NASA’s Space Launch System rocket. NASA Aerojet Rocketdyne stock fell after the rocket engine and spacecraft propulsion maker...
Covid and JNJ earnings Q4 2021
The Janssen Johnson & Johnson COVID-19 vaccine. Allen J. Schaben | Los Angeles Times | Getty Images Johnson & Johnson on Tuesday projected that its Covid vaccine would generate $3 billion to $...
Pfizer and BioNTech launch clinical study of vaccine targeting omicron
A ten year old child receives the Pfizer-BioNTech Covid-19 Vaccine for 5-11 year old kids at Hartford Hospital in Hartford, Connecticut on November 2, 2021. Joseph Prezioso | AFP | Getty Images Pfizer...
Stock futures are little changed after volatile session
U.S. stock index futures were little changed in overnight trading Monday, after a wildly volatile session that saw the Dow erase a more than 1,100 point decline to finish the day in positive territory...
Short sellers are up $114 billion this year with winning bets against Tesla and Netflix
Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Short sellers are reaping huge profits this year, as the stock market’s brutal bloodbath fuel their bearish b...
Jim Chanos says the notion that the Fed will always bail out the stock market is dangerous
James Chanos and Leon Cooperman at the 2019 Delivering Alpa conference in New York on Sept. 19. 2019. Adam Jeffery | CNBC Short-seller Jim Chanos said the belief that the Federal Reserve will always r...
Shares of Rivian and other EV start-ups tank amid stock sell-off
Rivian electric trucks are seen parked near the Nasdaq MarketSite building in Times Square on November 10, 2021 in New York City. Michael M. Santiago | Getty Images Shares of Rivian Automotive and oth...
National Restaurant Association asks Congress for aid amid omicron
People dine at an outdoor dining patio set up at a restaurant on March 18, 2021 in New York City. Angela Weiss | AFP | Getty Images The National Restaurant Association is asking Congress to replenish ...
Ford Bronco Raptor SUV is a ‘desert-racing beast,” CEO says
2022 Ford Bronco Raptor Ford DETROIT – Ford Motor is expanding its Bronco SUV lineup to include a new Raptor model that will go on sale later this year starting at about $70,000. The 2022 Ford Bronco ...
Tom Cruise’s ‘Mission Impossible 7’ and ‘8’ have been delayed
Tom Cruise runs along Blackfriars Bridge in London, during filming for “Mission Impossible 6.” Victoria Jones – PA Images The Tom Cruise led “Mission Impossible 7” is mov...
Two years since Covid was first confirmed in U.S., the pandemic is worse than anyone imagined
People wait in line to be tested for COVID-19 at Union Station on January 7, 2022 in Los Angeles, California. Mario Tama | Getty Images A 35-year-old man returned to the U.S. from Wuhan, China on Jan....
GM unveils new high-performance SUV
2023 Cadillac Escalade V-Series Cadillac DETROIT – General Motors will offer a new performance version of its flagship Cadillac Escalade SUV, adding to a growing lineup of high-power gasoline vehicles...
Banks close record number of branches in 2021, led by Wells Fargo
A man walks past a Wells Fargo Bank branch on a rainy morning in Washington. Gary Cameron | Reuters U.S. banks closed a record number of retail branches in 2021 as customers increasingly turn to digit...
Kids under 5 can’t get Covid vaccines. Doctors explain how to protect them during omicron
Students in the 5 day pre-K class at Immanuel Unite Church of Christ line up to go outside after helping to sort donated food items. Ben Hasty | MediaNews Group | Getty Images Covid hospitalizations a...
Peloton CEO says company is taking ‘significant corrective actions’
John Foley, co-founder and chief executive officer of Peloton Interactive Inc., stands for a photograph during the company’s initial public offering (IPO) in front of the Nasdaq MarketSite in Ne...
Nasdaq 100 futures fall after Netflix’s earnings disappoint
U.S. stock index futures were lower during overnight trading Thursday following a disappointing earnings report from Netflix, building on the major averages’ declines during regular trading. Fut...
Peloton to pause production of its Bikes, treadmills as demand wanes
Peloton is temporarily halting production of its connected fitness products as consumer demand wanes and the company looks to control costs, according to internal documents obtained by CNBC. Peloton p...
Tudor portfolio manager on where she’s finding alpha in the tech sector with rising rates
(Click here to subscribe to the new Delivering Alpha newsletter.) With the prospect of higher interest rates looming, 2022 has already been a tough year for the tech sector. The Invesco QQQ ETF has fa...
American Airlines London-bound flight turns back to Miami after passenger refuses to wear mask
An American Airlines Boeing 777-200 aircraft Nicolas Economou | NurPhoto | Getty Images American Airlines said a flight to London returned to Miami late Wednesday because a passenger refused to comply...
Tom Cruise movie producers sign Axiom deal for space production studio
The Axiom space station, with the circular SEE-1 module attached, is seen in an artist’s rendition. Axiom Space The producers of Tom Cruise’s future space movie on Thursday announced plans...