Shattuck Labs’ stock craters as biotech scraps main product candidate after failed trial
The stock hit a low of $1.37 earlier in the session, matching its record closing low that was set in October 2023.
Tom Brady watch collection to go up for sale at Sotheby’s
Tom Brady. Mike Ehrmann | Getty Images Sport | Getty Images Legendary quarterback Tom Brady is putting his valuable watch collection up for sale. The seven-time Super Bowl champion’s collection will be available this December through auction house Sotheby’s as part of “The GOAT Collection: Watches and Treasures from Tom Brady.” The watches range in […]
Intel’s troubles set back America’s drive for semiconductor independence
Biden administration’s Chips and Science Act hits a rough patch.
Ford EV benefits program aims to boost sales
The Mustang Mach-E on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT — Ford Motor is aiming to boost sales of its electric vehicles by addressing potential customer concerns through a new program that includes free home-charging installation and other benefits. The “Ford Power Promise” program […]
Why the Fed’s rate cut won’t immediately help car buyers or sales
Alex Tovstanovsky, owner of used-car dealer Prestige Motor Works, checks on inventory with his general manager Ryan Caton in Naperville, Illinois, May 28, 2020. Nick Carey | Reuters DETROIT — The Federal Reserve’s decision to cut interest rates for the first time in more than four years is expected to eventually boost new vehicle sales, […]
Cerebras IPO filing points to a recurring concern in AI: customer concentration
The much-anticipated IPO by Cerebras Systems — the first chip maker of the AI era to go public — also included information on the concentration of its customers, an issue investors are seeing at other AI hardware companies.
EchoStar to sell Dish to DirecTV, combining major pay-TV providers
Hamid Akhavan, EchoStar CEO, speaking on CNBC’s “Squawk on the Street” on Sept. 30, 2024. CNBC EchoStar is selling its Dish TV provider and digital business Sling to rival DirecTV in a deal announced Monday that brings together two of the largest pay-TV providers. EchoStar shares fell more than 11% Monday. DirecTV agreed to pay […]
Here’s what’s worth streaming in October 2024: ‘Heartstopper,’ ‘The Diplomat,’ ‘Shrinking’ and more
Hulu’s ‘What We Do in the Shadows’ and Max’s ‘Somebody Somewhere’ return for their final seasons
EchoStar’s Dish sale marks disappointing end to Ergen’s strategy
Dish’s Charles Ergen Andrew Harrer | Bloomberg | Getty Images Dish’s “Seinfeld” strategy appears to have ended quite like the actual show — with its finale a generally-accepted disappointment. In 2011, Dish cofounder Charlie Ergen first mentioned “Seinfeld” on an earnings call, responding to an analyst’s question about his company’s mixed bag of assets. Ergen […]
What Trump and Harris say they’ll do to fix the high cost of housing — and what’s worked in the past
The high cost of housing is a top economic issue that both U.S. presidential candidates have vowed to address.
