Day: November 16, 2023
Sierra Space lays off hundreds in push toward first Dream Chaser spaceplane launch
A rendering on a Dream Chaser spaceplane in orbit. Sierra Space Sierra Space, one of the sector’s most valuable private companies, laid off several hundred employees and contractors this week, CNBC has learned. A Sierra Space spokesperson confirmed the company let go of about 165 employees on Thursday, but declined to specify the number of […]
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Inventory futures are minor modified as traders hope to prolong November gains: Reside updates
Traders on the floor of the NYSE, April 14, 2022. Source: NYSE Inventory futures oscillated around the flatline Thursday as buyers took a stage back from this month’s rally. Futures tied to the Dow Jones Industrial Typical ticked greater by 26 points, or .07%. S&P 500 futures superior .06%, though Nasdaq 100 futures slipped .06%. […]
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Gap shares soar on sales, earnings beat despite muted holiday forecast against uncertain backdrop
A Gap retail store sign on September 20, 2022 in Los Angeles, California. Allison Dinner | Getty Images Gap posted a better-than-expected third quarter on Thursday, but the apparel retailer still appears cautious ahead of the holiday season as it works to reverse slowdowns at Banana Republic and Athleta. The company, which also runs Old […]
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Music mogul Sean ‘Diddy’ Combs sued for rape, sex trafficking by singer Cassie
Cassie Ventura and Sean ‘Diddy’ Combs attend the Heavenly Bodies: Fashion & The Catholic Imagination Costume Institute Gala at The Metropolitan Museum of Art on May 7, 2018 in New York City. John Shearer | Getty Images | The Hollywood Reporter | Getty Images The music mogul Sean “Diddy” Combs was hit Thursday with a […]
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YouTube debuts AI tool that mimics vocals of artists like John Legend, Demi Lovato
People walk past a billboard advertisement for YouTube on September 27, 2019 in Berlin, Germany. Sean Gallup | Getty Images YouTube is launching a new tool powered by artificial intelligence that will allow users to record audio using the voices of some of today’s most famous musicians, the company announced Thursday. The new product, called […]
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Treasury Department’s hunt for Russian oil sanction violators on the seas is intensifying
A Russian-chartered oil tanker in the sea off Morocco in an spot identified by maritime technology firm Windward as a hub for smuggling oil. Europa Push | Getty Images The U.S. Department of the Treasury’s Business office of International Property Command announced a few vessels and shipping organizations remaining sanctioned for violating the Russian oil […]
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Fed’s Mester wants ‘much additional evidence’ that inflation has been defeated
Cleveland Federal Reserve President Loretta Mester claimed Thursday that this week’s news exhibiting reduced degrees of inflation just isn’t ample to encourage her that the central financial institution has received its fight versus greater rates. “We are creating progress on inflation, discernible development. We require to see far more of that,” Mester explained to CNBC’s […]
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Deflation could be coming this holiday season, Walmart CEO says
Shoppers may get an early present this holiday season: falling prices in many gift-giving categories. On Thursday, Walmart CEO Doug McMillon said deflation could be coming as general merchandise and key grocery items, such as eggs, chicken and seafood get cheaper. He said the retailer expects some of the stickier higher prices, such as the […]
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Goldman thinks oil is headed increased yet again and endorses an selections trade to revenue from the rebound
The recent pullback in crude has manufactured phone solutions on U.S. oil an interesting hedge in opposition to continued geopolitical and inflation challenges that could thrust charges greater, in accordance to Goldman Sachs. Goldman’s commodity strategists expect West Texas Intermediate prices to rise to $88 per barrel in six months, 16% increased than current forward […]
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Amazon will make it possible for vehicle dealers to provide autos on its website, commencing with Hyundai
Attendees watch a Hyundai vehicle through opening day of the 2023 New York Worldwide Vehicle Clearly show (NYIAS) in New York, on Wednesday, April 7, 2023. Stephanie Keith | Bloomberg | Getty Photos Amazon up coming calendar year will allow automobile sellers to offer autos through its site, setting up with South Korean automaker Hyundai, […]
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