A general view of Cosmic Girl, a converted Boeing 747 carrying the LauncherOne rocket under its left wing, as final preparations are made at Cornwall Newquay Airport on January 9, 2023 in Newquay, United Kingdom. Matthew Horwood | Getty Images Virgin Orbit is in final talks to raise funds from Texas-based investor Matthew Brown, two … Read more
Posted: March 21, 2023 4:43 PM ET For the second time in 67 years, Microsoft Corp. co-founder Bill Gates said he was truly blown away by the technology. The first time was in 1980, when he discovered the graphical user interface, which became the bedrock on which he built Microsoft’s Windows MSFT operating system, Gates … Read more
Nike beat Wall Street expectations for its fiscal third quarter earnings and revenue. The retailer has faced a glut of inventory and weak sales in China as the region recovers from the Covid pandemic. Investors have been watching to see if Nike’s gross margins improve from its direct-to-consumer channels. Nike easily beat Wall Street expectations … Read more
washington d.c. CNN — The median U.S. home price was lower in February than it was in February 2022, ending more than a decade of year-over-year increases, the longest never registered, according to a National Association of Realtors report released Tuesday. The median price for existing homes was $363,000 in February, down 0.2% from a … Read more
A vehicle charges a Tesla booster station in Corte Madera, California, U.S., Thursday, March 2, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making the biggest leaps in pre-market commerce: Tesla – The electric vehicle maker rose 2% after Moody’s gave it a Baa3 rating and scrapped its junk rated … Read more
Dodge is resurrecting its controversial muscle car model, the Challenger SRT Demon, with one last special edition of the vehicle before production of the brand’s current V8-powered cars ends later this year. Dodge claims the new car will deliver 1,025 total horsepower, 945 pound-feet of torque and hit 60 mph from a 1.66-second launch. The … Read more
CNN — Clinical cases of Candida auris, an emerging fungus considered an urgent threat, nearly doubled in 2021, according to new data from the US Centers for Disease Control and Prevention. There has also been a tripling of the number of cases resistant to echinocandins, the first-line treatment for Candida auris infections. The research, published … Read more
As of 4 p.m. ET, the Dow Jones Industrial Average added about 380 points, or 1.2%, and the S&P 500 rose 0.9%. The technology-focused Nasdaq Composite climbed 0.4%. The indices fell on Friday but have been relatively insulated from the banking crisis so far. Authorities sought to stem a dangerous decline in confidence in the … Read more
Amazon.co.uk Inc. said it would cut 9,000 more jobs from the companies, including its profitable cloud computing and advertising businesses, a sign that the company’s cost-cutting is spreading to all aspects of its operations as tech giants continue to cut spending. Chief Executive Andy Jassy said in a statement that the company had recruited a … Read more
London CNN — Switzerland’s biggest bank, UBS, has agreed to buy struggling rival Credit Suisse in an emergency bailout deal aimed at stemming financial market panic sparked by the failure of two US banks earlier this year. month. “UBS today announced the acquisition of Credit Suisse,” the Swiss National Bank said in a statement. “This … Read more
