Intuitive Machines (LUNR) stock jumps after moon mission update
Intuitive Machines’ Nova-C lander “Odysseus” deploys from the upper stage of SpaceX’s Falcon 9 rocket to begin the IM-1 mission. NASA TV Shares of Intuitive Machines jumped for a second consecutive day after the company issued an update that said its moon lander mission “is in excellent health.” The Texas-based lunar company launched its inaugural […]
Are Cheerios and Quaker Oats safe? Experts weigh in on new pesticide concerns.
Should you pass on that morning bowl of cereal or oatmeal? That’s what some people may be asking in light of a study released this week by the Environmental Working Group, a Washington, D.C.-based nonprofit focused on agricultural and chemical-safety laws in the U.S. The study looked at the prevalence of a pesticide called chlormequat […]
UAW threatens to strike Ford Kentucky Truck Plant over local demands
United Auto Workers President Shawn Fain during an online broadcast updating union members on negotiations with the Detroit automakers on Oct. 6, 2023. Screenshot DETROIT — The United Auto Workers is threatening a labor strike at Ford Motor’s largest U.S. plant if local union demands aren’t resolved by next week. The Detroit union on Friday […]
Carl Icahn wins seats on JetBlue board after taking stake in airline
A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Carl Icahn won his push for seats on JetBlue Airways’ board of directors, according to a statement from the airline Friday, days after disclosing a nearly 10% stake […]
No quick end to Trump’s real-estate business after New York fraud case ruling
A Manhattan judge dealt Donald Trump a powerful blow on Friday, delivering a civil penalty totaling more than $450 million and giving him a three-year ban from the notoriously bare-knuckle world of New York real estate. Trump and his Trump Organization are also barred for three years from borrowing from banks and financial firms registered […]
Future of retail predictions
Illustration by Christina Locopo Retail has seen unprecedented upheaval over the last several years. Some of the industry’s key decision-makers expect even more evolution ahead. Covid-related shocks have upended retail, after clogged ports and merchandise shortages gave way to excess inventory levels and shifting consumer demands amid persistent inflation. Those disruptions accelerated transformations in the […]
Brian Wilson’s family files for conservatorship after dementia diagnosis
Beach Boys co-founder Brian Wilson may soon be under a conservatorship following the diagnosis of a “major neurocognitive disorder,” such as dementia, not even a month after his wife died. The family filed for a conservatorship with the Superior Court of California on Feb. 14, and said in documents that the musician, 81, was unable […]
Mortgage rates shoot to 2-month high after hot inflation report
A “For Sale” sign outside a house in Albany, California, on May 31, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates shot higher Friday after a monthly government report on wholesale prices showed inflation is still persistent and hotter than most analysts had expected. The average rate on the 30-year fixed mortgage […]
Family offices shift out of cash and into alternatives
Strauss/curtis | The Image Bank | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. While many institutional investors are trimming their alternative investments like hedge funds and […]
Wholesale prices posts biggest increase in five months, PPI shows. Inflation fight not over.
Story developing. Stay tuned for updates here. The numbers: Wholesale costs rose in January at the fastest pace in five months, possibly another sign inflation won’t slow toward the Federal Reserve’s 2% target as fast as hoped. The 0.3% increase in the producer price index last month was larger than the 0.1% forecast of economists […]
