Elon Musk, Vivek Ramaswamy to run Trump’s ‘Department of Government Efficiency’
President-elect Donald Trump late Tuesday announced Elon Musk and Vivek Ramaswamy will lead the “Department of Government Efficiency” in an effort to “dismantle government bureaucracy.”
Rivian-Volkswagen joint venture deal rises to up to $5.8 billion
A provided image of Oliver Blume, CEO of Volkswagen Group and RJ Scaringe, founder and CEO of Rivian, as the companies announce joint venture plans on June 25, 2024. Courtesy: Business Wire Volkswagen Group has increased its planned investment in an announced joint venture with electric vehicle maker Rivian Automotive ahead of the operations launching […]
Strong revenue growth, first Neutron deal
A view of Rocket Lab’s HASTE suborbital launch vehicle. Rocket Lab Rocket Lab shares jumped in post-market trading after the company reported third-quarter results and announced its first customer for its coming Neutron vehicle. The space infrastructure company reported third-quarter revenue increased to $104.8 million, up 55% from $67.6 million for the same period a […]
VIX signals stock rally ‘healthy’ for now. Here’s how to use it to spot a bubble.
The recent surge in stocks on the U.S. election has so far coincided with a drop in Wall Street’s fear gauge, as investors watch market volatility for signs as to whether the rally will hold up.
Boeing factory production will take weeks to ramp up after strike
An employee works in the cockpit of a Boeing P-8 Poseidon maritime patrol aircraft on the production line at Boeing’s 737 factory in Renton, Washington, November 18, 2021. Jason Redmond | Reuters Boeing‘s more than 32,000 machinists who were on strike are required to return to their factories no later than Tuesday, but getting factories […]
People are spending $300 billion a year on this product. Why some experts say they should stop.
“Gift cards are a good idea for everybody but the person who receives them.”
Netflix ad-supported tier has 70 million monthly users
People wait in a line to enter “The Lab,” a “Stranger Things” Netflix series experience in Madrid on June 2, 2022. Beata Zawrzel/ | Nurphoto | Getty Images Netflix’s cheaper, ad-supported tier has reached 70 million global monthly active users two years after it was launched. The company said Tuesday more than 50% of its […]
Another Trump presidency could be a boon for the dollar — but some expect a bumpy ride
President-elect Donald Trump’s victory in the November U.S. presidential election has helped revive Wall Street’s faith in “king dollar.”
23andMe to slash 40% of its workforce, end therapeutics program to cut costs
DNA-testing company 23andMe Holding Co. will slash its workforce by about 40% and discontinue its therapeutics program as part of a restructuring effort to cut costs, the company said Monday.
Live Nation just had its most active summer concert season ever. And Shakira, Coldplay are coming in 2025.
Live Nation Entertainment Inc. said late Monday it had its most active summer concert season ever, and its pipeline for 2025 is looking good as well, with big names such as Shakira and Coldplay on tap.
