The company test firing the Quarterhorse aircraft’s engine at an unveiling event in 2021. Hermeus Hypersonic aircraft startup Hermeus on Thursday announced a $100 million round of funding that i...
Tag: business news
Crypto poses serious 401(k) risks, Biden administration warns
Xinhua News Agency | Xinhua News Agency | Getty Images Cryptocurrencies, such as bitcoin and other digital assets like non-fungible tokens, pose “significant risks and challenges” to 401(k...
Russia to emerge with full bill of health, downplays sanctions
Russian Foreign Minister Sergei Lavrov gives an annual press conference on Russian diplomacy in 2021, in Moscow on January 14, 2022. Dimitar Dilkoff | Afp | Getty Images Russia’s foreign ministe...
Pimco faces potential losses over exposure to more than $1 billion in Russian debt
PIMCO headquarters in Newport Beach, California Scott Mlyn | CNBC Pimco’s billion-dollar exposure to Russian debt came under pressure as the country, which invaded its neighbor Ukraine causing i...
United Airlines will let unvaccinated employees return to jobs
A United Airlines 737 Max 8 Leslie Josephs | CNBC United Airlines, citing a steep decline in Covid-19 cases, told staff Thursday that it will allow unvaccinated workers to return to their jobs startin...
Amazon, CrowdStrike, Micron and more
A worker sits on a wall dividing an informal settlement from the new Amazon fulfillment center, which is under construction at RMSG Alamar Industrial Park, in Tijuana, Mexico September 7, 2021. Jorge ...
BMW says 2021 profit surged as it favored higher-margin vehicles during chip shortage
Spencer Platt | Getty Images News | Getty Images German automaker BMW AG said Thursday its revenue and net profit hit all-time highs in 2021, despite increased spending on research and development rel...
Burger King halts corporate support for its 800-plus franchised locations in Russia
A man holds meals from the Burger King restaurant on May, 15, 2020 in Dedovsk, Russia. Mikhail Svetlov | Getty Images Burger King announced Thursday it has halted corporate support for its 800-plus fr...
U.S. extends airplane mask mandate through April 18
A sign reads “Wear A Mask” at the Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, U.S., on Tuesday, Dec. 21, 2021. Elijah Nouvelage | Bloomberg | Getty Images T...
Rising airfares are giving people spring break sticker shock
Elizabeth Smith was stunned after she saw how much a roundtrip ticket from Spokane, Washington, to Orlando, Florida, cost for this year’s spring break — just six years after her family’s f...
Peloton tests new pricing model as it tries to win customers
Peloton’s new Chief Executive Barry McCarthy has only been at the helm of the connected fitness company for about a month, but he’s already testing ways to lure new customers and make the ...
Brief drop in mortgage rates sparks mini refinance boom
A single family home is shown for sale in Encinitas, California. Mike Blake | Reuters After rising steadily for months, mortgage rates made a U-turn last week, and borrowers jumped to take advantage. ...
Goldman Sachs leaves Russia due to Ukraine invasion
A sign is displayed in the reception area of Goldman Sachs in Sydney, Australia. David Gray | Reuters Goldman Sachs says it is exiting Russia, becoming one of the first major global investment banks t...
Here’s what investors should look for
A Rivian R1T electric pickup truck during the company’s IPO outside the Nasdaq MarketSite in New York, on Wednesday, Nov. 10, 2021. Bing Guan | Bloomberg | Getty Images Rivian Automotive’s...
Amazon, Boeing, CrowdStrike and others
Check out the companies making headlines before the bell: Amazon.com (AMZN) – Amazon jumped 5.3% in the premarket after it announced a 20-for-1 stock split and a $10 billion share buyback program. The...
CPI inflation February 2022:
Customers shop at at a grocery store on February 10, 2022 in Miami, Florida. The Labor Department announced that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest ye...
Singapore on allowing vaccinated travelers without quarantine
Singapore wants to eventually allow all travelers to skip quarantine in the country as long as they are vaccinated, Transport Minister S. Iswaran said. In an interview with CNBC on Thursday, he said: ...
What is the Philippines’ largest travel market? It’s South Korea
South Korean photographer Sang-kyu Gil has visited the Philippines around 10 times. Drawn by the beautiful scenery and affordable prices, the 42-year-old usually spends seven to 10 days in the country...
Adidas doesn’t know when it will resume Russian operations, CEO says
Adidas CEO Kasper Rorsted told CNBC on Wednesday that it’s too soon to know when the company will restart business operations in Russia. “I think this is premature. The war has been going ...
MLB cancels more games, pushing Opening Day to April 14
Major League Baseball Commissioner Rob Manfred answers questions during an MLB owner’s meeting at the Waldorf Astoria on February 10, 2022 in Orlando, Florida. Manfred addressed the ongoing lock...
Stock futures are little changed after S&P 500’s best one-day rally since 2020
Traders on the floor of the NYSE, Feb. 28, 2022. Source: NYSE Stock futures were little changed in overnight trading Wednesday after the major indexes posted sharp gains as commodity prices cooled. Fu...
Judge orders Walmart to rehire worker with Down syndrome
Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey. Walmart saw its profits jump in latest quarter as e-commerce sales surged during the coronavirus pandemic. VIEW press |...
Amazon, CrowdStrike, Asana and more
The Amazon logo is seen at the company logistics center in Lauwin-Planque, northern France. Pascal Rossignol | Reuters Check out the companies making headlines after the bell: Amazon — Shares rose 6....
Three more Starbucks locations in Buffalo vote in favor of union
The Starbucks Workers United hub in Buffalo on November 16, 2021. Libby March | The Washington Post | Getty Images Three more Starbucks locations in the Buffalo, New York, area have voted in support o...
Biden restores California ability to set its own auto pollution rules
Cars make their way toward downtown L.A. during the morning commute on April 22, 2021 in Los Angeles, California. Mario Tama | Getty Images The Biden administration is restoring California’s aut...
Gas prices are spiking — don’t expect sales of electric vehicles to follow
High gas prices are displayed at a Shell station on March 7, 2022 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images Consumers hoping to switch to an all-electric or more fuel-e...
Disney CEO says company opposes ‘Don’t Say Gay’ bill in Florida
A view of Mickey Mouse at the Walt Disney World theme park entrance in Lake Buena Vista, Florida. Octavio Jones | Getty Images The Walt Disney Company is now publicly opposing Florida’s controve...
Impossible Foods sues start-up Motif FoodWorks for patent infringement
A customer picks up a package of Impossible Burger plant based meat during the Impossible Foods Inc. grocery store product launch at Gelson’s Markets in Los Angeles, California, U.S., on Friday,...