Tag Archives: business

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 […]

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 […]

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 […]

How bad are global shipping snafus? Home Depot contracted its own container ship as a safeguard

A Home Depot location in Encinitas, California. Mike Blake | Reuters Home Depot is one of the largest importers in the country. Yet with congested ports, container shortages and Covid-19 outbreaks slowing shipments, the company made a decision: It was time to get its own boat. “We have a ship that’s solely going to be […]

Branson’s Virgin Orbit in talks with former Goldman partner’s SPAC for $3 billion deal to go public

Richard Branson’s Virgin Orbit, with a rocket under the wing of a modified Boeing 747 jetliner, takes off for a key drop test of its high-altitude launch system for satellites from Mojave, California, July 10, 2019. Mike Blake | Reuters Virgin Orbit, the satellite-launching spinoff of Sir Richard Branson’s Virgin Galactic, is in advanced discussions […]

Blue Origin auctions seat on first spaceflight with Jeff Bezos for $28 million

A New Shepard rocket launches on a test flight. Blue Origin Jeff Bezos‘ space venture Blue Origin auctioned off a seat on its upcoming first crewed spaceflight on Saturday for $28 million. The winning bidder, whose name wasn’t released, will fly to the edge of space with the Amazon founder and his brother Mark on […]

Auto insurance rates rise, but insurers could still qet squeezed by higher costs ahead

An employee at a used auto dealership treads water as he checks on vehicles they are moving out of the rising waters from two days of heavy rain in Lexington, Miss., Thursday, June 10, 2021. Rogelio V. Solis | AP Despite recent increases in auto insurance rates, the market is still soft, according to Elyse […]

Biogen Alzheimer’s drug and the battle over dementia treatment of the future

Aduhelm by Biogen Source: Biogen The FDA’s approval of Biogen‘s Alzheimer’s drug Aduhelm was a landmark moment in the life of Dr. Paul Aisen. The director of the Alzheimer’s Therapeutic Research Institute at USC has spent the past three decades focused on treating the neurodegenerative disease, and in recent years helped shepherd this particular drug […]

Why golf club-maker Callaway is moving away from the fairway

With a record number of new golfers teeing off in 2020, Callaway, the maker of golf balls, clubs, bags and apparel, has been thriving. Callaway announced in May first-quarter net revenue of $652 million, a 47% increase from a year earlier. “Callaway pre-Covid was already the number one brand in sticks, I call it, which […]

Southern states have a ‘real vulnerability’ to Delta Covid variant this summer, warns Dr. Peter Hotez

Dr. Peter Hotez warned that Southern U.S. states could feel the impact of the highly transmissible Delta Covid variant as early as this summer, due in part to low vaccination rates.  “I’m really holding my breath about the South and what happens over the summer,” said Hotez, co-director of the Center for Vaccine Development at […]