Electron rockets undergo preparation for launch. Rocket Lab Rocket Lab said Tuesday it has doubled its order backlog — from about $241 million in contracts at the end of 2021 to $503.6 million at the ...
Tag: business news
Target invests in cheap chic as sales slow
An increased number of mannequins feature clothing and shoes throughout the remodeled Target store in Orange, California. Jeff Gritchen | MediaNews Group | Getty Images NEW YORK — As Target sees growt...
Norwegian Cruise Line shares fall after Q4 earnings report
A view of the Norwegian Encore cruise ship during its inaugural sailing from PortMiami, which took place from Nov. 21-24, 2019. Orlando Sentinel | Tribune News Service | Getty Images Norwegian Cruise ...
Virgin Galactic (SPCE) Q4 2022 earnings, spaceflights update
An aerial view of carrier aircraft VMS Eve, left, and spacecraft VSS Unity, at Spaceport America in New Mexico on Feb. 27, 2023. Virgin Galactic Virgin Galactic said on Tuesday it remains on track to ...
UAW leadership upheaval peaks ahead of automaker negotiations
United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT – As the United Auto Workers pr...
‘Ant-Man and the Wasp: Quantumania’ box office declines
Marvel Studios’ “Ant-Man and the Wasp: Quantumania.” Disney Not every Marvel movie can be “Avengers: Endgame.” That’s the sentiment from box office analysts after t...
Black real estate developers get access to big capital
Black Americans represent less than 5% of residential real estate developers, largely because they can’t get equal access to capital, according to a recent report by the Urban Land Institute. In...
SpaceX begins launching V2 Mini Starlink satellites
A Falcon 9 rocket launches a Starlink mission from Florida on Feb. 27, 2023. SpaceX Elon Musk’s SpaceX has launched the first batch of its next-generation Starlink internet satellites as the com...
Home price gains weakened sharply to end 2022: S&P Case-Shiller
A “For Sale” sign in front of a home in Roseville, California, on Dec. 6, 2022. David Paul Morris | Bloomberg | Getty Images Higher mortgage rates weighed on home price gains at the end of...
Target (TGT) earnings Q4 2022
A shopper leaves a Target store in New York, August 15, 2021. Scott Mlyn | CNBC Target on Tuesday topped Wall Street’s earnings expectations for the first time in a year, as its holiday-quarter ...
Fox News hosts endorsed false Trump election claims
Members of Rise and Resist participate in their weekly “Truth Tuesday” protest at News Corp headquarters on February 21, 2023 in New York City. Michael M. Santiago | Getty Images News | Ge...
Goldman CEO David Solomon says asset management is the new growth engine
Goldman Sachs CEO David Solomon said Tuesday that asset management and wealth management would be the growth engine for the bank after his efforts in consumer finance went awry. “The real story ...
January pending home sales show rush of contracts
Saul Loeb | AFP | Getty Images A sharp drop in mortgage interest rates brought homebuyers out in force in January, but rates have bounced back higher again, so the gains may be short-lived. Signed con...
State IRA programs work toward closing the racial retirement savings gap
Maskot | Maskot | Getty Images The income and wealth gaps between people of color and white households is wide, but state-run retirement programs are attempting to help workers find parity. As many as...
Dish, Target, Zoom, Arconic and more
Dish Networks exhibit at CES 2016 in Las Vegas. Justin Solomon | CNBC Check out the companies making the biggest moves in premarket trading: Dish Network — The satellite company’s shares fell al...
Credit Suisse ‘seriously breached’ obligations in Greensill case
The logo of Credit Suisse Group in Davos, Switzerland, on Monday, Jan. 16, 2023. Bloomberg | Bloomberg | Getty Images Credit Suisse “seriously breached its supervisory obligations” in the ...
The U.S. and China have a culture clash around their telephone hotline
Flags of the U.S. and China displayed on a table ahead of a meeting. Jason Lee | AFP | Getty Images BEIJING — The politically important U.S.-China relationship is vulnerable to cultural differences — ...
Stocks moving big after hours: ZM, OXY, WDAY
Eric Yuan, founder and CEO of Zoom Video Communications, stands before the opening bell during the company’s initial public offering at the Nasdaq MarketSite in New York on April 18, 2019. Victo...
After split with Kanye West, UK audio startup Kano asks for funding
Kanye West arrives at the Vanity Fair Oscar Party on Feb. 9, 2020, in Beverly Hills, Calif. Evan Agostini | Invision | AP British audio and computing hardware startup Kano is planning to raise equity ...
UNP, FSR, TSLA, Z and more
A Union Pacific locomotive crosses Highway 118 in Somis, California. Stephen Osman | Los Angeles Times | Getty Images Check out the companies making headlines in midday trading. Union Pacific – Union ...
Why Goldman’s Marcus project failed and what it means for CEO Solomon
David Solomon, chief executive officer of Goldman Sachs Group Inc., during an event on the sidelines on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 19, 2023. S...
Fisker (FSR) Q4 2022 results, production, reservations
Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Be...
Stocks making the biggest moves premarket: BBY, SGEN, UNP
Customers shop at a Best Buy store on August 24, 2021 in Chicago, Illinois. Scott Olson | Getty Images Check out the companies making headlines before the bell. Union Pacific — Shares rose 9.5% after ...
ETF fund manager bets on the robot boom
Artificial intelligence isn’t just a hot topic in Hollywood. While horror robot movie “M3gan” racks up millions at the winter box office, the ETF industry is seeing opportunities fro...
Warren Buffett annual letter Berkshire Hathaway: stock buybacks
An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S...
Berkshire Hathaway Q4 earnings 2022
Warren Buffett. Gerald Miller | CNBC Berkshire Hathaway‘s operating profits fell during the fourth quarter as inflationary pressures weighed on the conglomerate’s businesses. Berkshire Hat...
Read Warren Buffett’s annual letter to Berkshire Hathaway shareholders
Warren Buffett at a press conference during the Berkshire Hathaway Shareholders Meeting on April 30, 2022. CNBC Warren Buffett published his highly anticipated annual letter to Berkshire Hathaway shar...