Virgin Orbit’s modified 747 jet “Cosmic Girl” releases the company’s LauncherOne rocket for a mission on January 13, 2022. Virgin Orbit Virgin Orbit raised $25 million, the com...
Tag: business news
Wells Fargo’s downgrade of Costco underappreciates value
Wells Fargo downgraded Club holding Costco (COST) in a rare move Monday, citing “brewing headwinds” to the wholesale retailer’s growth momentum. We think this call is a mistake and s...
SpaceX adds data restrictions to Starlink satellite internet service
SpaceX CEO Elon Musk speaking about the Starlink project at MWC hybrid Keynote during the second day of Mobile World Congress on June 29, 2021 in Barcelona, Spain. Nurphoto | Nurphoto | Getty Images E...
Tyson Foods CFO arrested for public intoxication, falling asleep in wrong house
John Tyson mugshot Source: Washington County, Arkansas Tyson Foods CFO John Tyson was arrested early Sunday in Arkansas after allegedly becoming intoxicated and falling asleep in the wrong house. Tyso...
Mattress Mack’s record $75 million Astros payout will cost Caesars, Penn big this quarter
Jim “Mattress Mack” McIngvale, of Houston, holds some of the tickets in Atlantic City N.J., Tuesday, Nov. 1, 2022, showing bets he has made on the Houston Astros to win the baseball World ...
Lyft, Take-Two, Tripadvisor and more
A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and ...
Lab-grown blood transfused to people in world-first clinical trial
Blood grown in a laboratory has been transfused into humans for the first time in a landmark clinical trial. Future Publishing | Future Publishing | Getty Images LONDON — Blood grown in a laboratory h...
Airlines face fragile winter, Ryanair CEO says after record summer profits
Ryanair reported record summer profits, but Chief Executive Michael O’Leary warned winter is “very fragile.” ATTILA KISBENEDEK / Contributor / Getty Images Ryanair on Monday reported...
Sweetgreen tries national dessert — a version of Rice Krispies Treat
Sweetgreen Crispy Rice Treat Source: Sweetgreen Sweetgreen is launching its take on Rice Krispies Treats, its first dessert since 2014. The Crispy Rice Treat is available nationwide starting Monday fo...
Lidar makers Ouster and Velodyne agree to merge
The New York Stock Exchange welcomes Ouster Inc. (NYSE: OUST), today, Friday, March 12, 2021, in celebration of its Initial Listing. To honor the occasion, Ouster CEO Angus Pacala, joined by Chris Tay...
Taxation is a blunt instrument, IATA chief Willie Walsh says
The aviation industry requires more carrot and less stick going forward to become more sustainable, according to the director general of the International Air Transport Association. Speaking at CNBC&#...
What a long-term weak pound means for the U.K. economy
A British one pound coin sits in this arranged photograph in London, U.K. Bloomberg | Bloomberg | Getty Images LONDON — The British pound‘s exchange rate against the U.S. dollar has been on a ro...
Rich countries alone cannot close funding gap for climate change
Public aid and funding from governments of developed countries alone won’t be enough to close the funding gap on climate change initiatives in developing countries, IMF chief Kristalina Georgiev...
Is it safe to cruise again? Yes, say fans who are cruising again
Outbreaks, port refusals, travelers stuck onboard. Cruise ships dominated the news in early 2020 for all the wrong reasons. Some people predicted the industry would never recover. But cruising fans sa...
Tech can’t find a bottom; industrial, consumer stocks bounce
Lots of companies got clocked last week. We saw weakness in a host of industries everything from media to gambling to cloud computing and software sales. The pain in the technology sector seems to kno...
Fox wins right to buy a stake in FanDuel, but not at the price it wanted
The FanDuel Inc. app. Andrew Harrer | Bloomberg | Getty Images Fox won the right to buy an 18.6% stake in sports betting company FanDuel Group from its parent company Flutter, but not at the valuation...
Elite NYC restauranteur on why luxury spending won’t make people happy
Gift-giving can be a good way to learn how good you are at hospitality. And if you think success comes down to the amount being spent, you are setting yourself up for failure, according to one of the ...
Climate protesters swarm Amsterdam’s Schiphol Airport
Climate activists protest against environmental pollution from aviation at Amsterdam’s Schiphol Airport, in Schiphol, Netherlands November 5, 2022. Piroschka Van De Wouw | Reuters Hundreds of cl...
How phone scammers tricked Americans out of tens of billions of dollars in 2022
Despite the rise of sophisticated crypto frauds and ransomware plots, phone scams continue to trick Americans out of tens of billions of dollars each year. “It’s very cheap to set up an au...
Why hearing aids are so expensive
An estimated 48 million Americans have some form of hearing difficulty, according to the Hearing Loss Association of America. But only about 20% of people who would benefit from a hearing aid use one....
K-pop ETF creator says Korean content is at an ‘inflection point’
K-pop girl group BlackPink performed at The Late Late Show with James Corden airing Thursday, April 18, 2019. (Photo by Terence Patrick/CBS via Getty Images) Cbs Photo Archive | Cbs | Getty Images The...
Billionaire female financier on why your daughters should play poker
Jenny Just, co-founder of Peak6 Investments, made a fortune in the high-risk world of options trading, and did so against the odds in a male-dominated industry. Not much has changed. Just says when sh...
An S&P 500 ETF delivering double-digit percentage dividends
Investors may want to consider JPMorgan’s Equity Premium Income Fund ETF in order to get more reliable gains in the current volatile market environment. According to the firm, the ETF uses S&...
Berkshire Hathaway Q3 earnings BRK
Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP Berkshire Hathaway on Saturday posted a solid gain in operating profits during the third quarter despite rising recession fears, ...
Cano Health is a buy
Hasbro Inc: “I actually don’t even like the toy companies right now. … Let’s wait for now.” Viatris Inc: “I don’t like those guys. I do think that [Johnson &a...