Tag Archives: business news

NBA star James Harden takes stake, board seat in luxury retailer Saks

James Harden #13 of the Brooklyn Nets handles the ball against the Boston Celtics in Game One of the First Round of the 2021 NBA Playoffs at Barclays Center at Barclays Center on May 22, 2021 in New York City. Steven Ryan | Getty Images NBA superstar James Harden is a new investor in luxury […]

Bank of America CEO details back-to-office plan, concentrating on Covid-vaccinated employees first

Bank of America CEO Brian Moynihan on Monday detailed the financial firm’s approach to bringing employees back to the office, telling CNBC that those who have received the coronavirus vaccine are the priority for now. In an interview on “Squawk Box,” Moynihan said Bank of America began to ask staff whether they had received a Covid […]

Stocks making the biggest moves midday: Lordstown Motors, Oatly, Square and more

Cartons of Oatly brand oat milk are arranged for a photograph in the Brooklyn borough of New York, U.S., on Wednesday, Sept. 16, 2020. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Lordstown Motors — The electric truck maker’s stock fell 18.8% after announcing CEO Steve Burns and […]

Read SpaceX president Gwynne Shotwell’s speech to 2021 graduates, urging US educational reforms

“Hey, Class of 2021, I’m incredibly proud to be your commencement speaker. Thank you, Morty [Schapiro] for inviting me, and thanks to the board and Lanny Martin, its chairman, for allowing me to speak, even though you guys know me for my six years of service on this board, and that this invitation is a […]

Apps are changing the shopping experience at The Vitamin Shoppe and Tractor Supply Co.

Amidst all the noise and debate over whether Apple wields too much power as a platform is this undeniable fact: for brick-and-mortar retailers, mobile apps and the App Store have been a game-changer. The earliest days of the pandemic brought retailers to a standstill. Customers, afraid to shop in-person for fear of the coronavirus, immediately […]

Stocks making the biggest moves premarket: Novavax, Lordstown Motors, Phillips, Chipotle and others

Check out the companies making headlines before the bell: Novavax (NVAX) – The drugmaker said its Covid-19 vaccine proved 90% effective overall in a late-stage trial, and 93% effective against the most predominant variants of the virus. It also provided 100% protection against moderate and severe disease. Novavax shares surged 10.4% in premarket trading. Lordstown […]

GE, Safran working on cleaner energy aircraft engines that could work with hybrid technology, hydrogen

A CFM56-7B aircraft engine from a Boeing 737 stands on assembly stands in a maintenance hangar at MTU Maintenance Berlin-Brandenburg. Patrick Pleul | picture alliance | Getty Images General Electric‘s aviation unit and its joint-venture partner Safran of France on Monday said they are developing new airplane engines that aim to cut emissions by more […]

Christian Eriksen ‘in a good mood’ and ‘making jokes’ following cardiac arrest but wants answers from doctors, says agent

Denmark fans shout out Denmark’s midfielder Christian Eriksen’s name after the suspension of the UEFA EURO 2020 Group B football match between Denmark and Finland at the Parken Stadium in Copenhagen on June 12, 2021. HANNAH MCKAY | AFP | Getty Images Christian Eriksen’s agent says the midfielder is “making jokes” in hospital but wants […]

5 things to know before the stock market opens Monday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to open steady after another S&P 500 record Traders on the floor of the New York Stock Exchange. Source: NYSE U.S. stock futures were flat Monday after the S&P 500 eked out another record […]

Novavax says its Covid vaccine is 90% effective, plans to submit data to FDA in third quarter

A woman holds a small bottle labeled with a “Coronavirus COVID-19 Vaccine” sticker and a medical syringe in front of displayed Novavax logo in this illustration taken, October 30, 2020. Dado Ruvic | Reuters Biotech firm Novavax said Monday its Covid-19 vaccine was shown to be safe and 90.4% effective overall in a phase three […]

‘The selfie summit’: Why some economists and activists are disappointed with the G-7

(L-R) President of the European Council Charles Michel, U.S. President Joe Biden, Japanese Prime Minister Yoshihide Suga, British Prime Minister Boris Johnson and Italian Prime Minister Mario Draghi pose for the Leaders official welcome and family photo during the G7 Summit In Carbis Bay, on June 11, 2021 in Carbis Bay, Cornwall. Leon Neal | […]

French Open: Novak Djokovic defeats Stefanos Tsitsipas in five sets to claim his 19th Grand Slam title

World No. 1 Novak Djokovic. Christophe Archambault | AFP | Getty Images Novak Djokovic staged another trademark comeback as he claimed his second French Open title and 19th Grand Slam overall with a five-set victory over Stefanos Tsitsipas. The world No 1 once again showed his exceptional powers of recovery to defeat Greek star Tsitsipas […]

India’s ambitious vaccine targets alone will not help immunize its massive population

A health worker administers a dose of Covid-19 vaccine to a beneficiary, at a vaccination center, on June 10, 2021 in New Delhi, India. Sanchit Khanna | Hindustan Times | Getty Images India set an ambitious target to manufacture more than 2 billion doses of Covid-19 vaccines by December — enough to inoculate most of […]

Eager to travel, Americans book Sun Belt beach, city stays as pandemic fades

Miami Beach, Florida Artur Debat | Moment | Getty Images Interest in travel is picking up as the pandemic winds down, and cooped-up Americans are itching to hit the road again, two recent surveys have found. Travelers are thinking about booking trips to warm and sunny domestic climes — be they Sun Belt cities or […]

GM, Ford are all-in on EVs. Here’s how their dealers feel about it

A sign is unveiled at General Motors Detroit-Hamtramck Assembly on Oct. 16, 2020, introducing the facility’s new name: Factory Zero, Detroit-Hamtramck Assembly Center. GM After years of come-and-gone predictions that battery-powered sedans, pickups and SUVs would replace gas-guzzling, emissions-spewing models, the shift to electric vehicles is revving up. Beyond EV pioneer and market leader Tesla, […]