Terran Orbital’s stock drops as Lockheed Martin scoops up satellite maker at lower price
Terran Orbital Corp.’s stock lost more than a third of its value Thursday after the specialist in robotic manufacturing of space satellites agreed to be acquired by Lockheed Martin Corp. at one-quarter of an earlier offer for the company.
Medicare releases prices for first 10 drugs subject to negotiations
Activists protest the price of prescription drug costs in front of the U.S. Department of Health and Human Services building in Washington, D.C., on Oct. 6, 2022. Anna Moneymaker | Getty Images The Biden administration on Thursday released prices for the first 10 prescription drugs that were subject to landmark negotiations between drugmakers and Medicare, […]
Druckenmiller, Soros, Tepper among investors selling Nvidia in second quarter as tech stocks slumped
High profile investment firms including Stanley Druckenmiller’s Duquesne Family Office, David Tepper’s Appaloosa Management, and Soros Capital all cashed out of Nvidia in the second quarter of this year
NASA astronauts waiting for return decision
NASA astronauts Butch Wilmore, left, and Suni Williams pose inside the hatch connecting Boeing’s Starliner to the International Space Station on NASA Log entry: Day 71. Butch Wilmore and Suni Williams are waiting. Boeing is waiting. And throughout the halls of NASA, leaders and engineers are gathering, analyzing and deliberating. Boeing’s Starliner capsule “Calypso” has […]
Walmart reports its earnings before the bell. Here’s what to expect
Walmart will report quarterly earnings on Thursday, as investors and economists seek clarity about the health of American households and the outlook for the broader economy. Here’s what analysts are expecting for the big-box retailer, according to consensus estimates from LSEG: Earnings per share: 65 cents Revenue: $168.53 billion As the nation’s largest retailer, Walmart […]
China home-sales data points to continued softness in property sector
China’s latest batch of home-sales data signaled patches of continued weakness in the property market, while investment declined despite more policy efforts to boost the sector.
Starbucks new CEO Brian Niccol compensation Chipotle
Brian Niccol, CEO of Chipotle Anjali Sundaram | CNBC Starbucks offered incoming CEO and Chair Brian Niccol a pay bump and hefty one-time awards to lure him from his prior role as chief executive at Chipotle Mexican Grill. Niccol officially takes the reins at the embattled coffee chain on Sept. 9. As CEO, he’ll be […]
Boeing Starliner saga: Do NASA astronauts get overtime in space?
The issues that have dogged Boeing Co.’s Starliner capsule on its first crewed flight have meant an extended stay at the International Space Station for NASA astronauts Butch Wilmore and Suni Williams.
DraftKings reverses plans for a user tax as FanDuel wows Wall Street
Flutter reported phenomenal second-quarter earnings this week, wowing investors and sending shares up about 8% Wednesday as the company’s FanDuel betting platform captures market share and grows revenue dramatically, even in well established states with sports betting and online gaming. But it was the declaration that FanDuel will not add a surcharge to offset an […]
Oakland B’s Pioneer League baseball launches crowdfunding campaign
Paul Freedman, co-founder and CEO of the Oakland Ballers Paul Freedman, a 45-year-old serial entrepreneur who has founded and sold five educational technology companies, decided last June he wanted a new type of venture: a baseball team. When MLB’s A’s announced last year they planned to leave Oakland, California, for Las Vegas, Freedman was despondent. […]
