Month: August 2024
Crypto magnate buys SpaceX mission for private polar spaceflight expedition
SpaceX’s Crew Dragon capsule “Endurance” is seen during the Crew-3 mission for NASA on May 5, 2022. NASA Private polar expeditions are reaching a new level: Space. Cryptocurrency speculator Chun Wang bought a SpaceX multi-day flight for an undisclosed amount, the company announced on Monday, with plans to lead the first crewed space mission in […]
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Europe stocks nudge higher; Sterling gains after UK wage growth falls to two-year low
European stocks closed higher last Friday as investors digested economic data from the region including a preliminary U.K. second-quarter GDP reading, July inflation prints out of France, Spain and Italy, and euro zone industrial production for June. Camilla Cerea | Bloomberg via Getty Images LONDON — European stocks were slightly higher on Tuesday, as market […]
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Wholesale inflation measure rose 0.1% in July, less than expected
A key measure of wholesale inflation rose less than expected in July, opening the door further for the Federal Reserve to start lowering interest rates. The producer price index, which measures selling prices that producers get for goods and services, increased 0.1% on the month, the Labor Department’s Bureau of Labor Statistics reported Tuesday. Excluding […]
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Digital health company Ro launches GLP-1 insurance-coverage checker to help patients navigate costs
Zoom In IconArrows pointing outwards The direct-to-consumer health-care startup Ro launched a new free tool Tuesday to help patients determine whether their insurance covers a buzzy class of weight loss and diabetes drugs called GLP-1s. Most insurance plans cover GLP-1s when they are used to treat diabetes, so those patients can usually avoid the roughly […]
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Chipotle stock falls as CEO Brian Niccol leaves for Starbucks
Chipotle stock fell as much as 10% in premarket trading Tuesday as the company announced CEO Brian Niccol would be leaving his role on Aug. 31 to become CEO of Starbucks. Niccol began as Chipotle CEO in March 2018. Chipotle stock has risen more than 770% since since he took over. Chipotle’s board named Chief […]
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Starbucks replaces CEO Laxman Narasimhan with Chipotle CEO Brian Niccol
Restaurants Starbucks replaces CEO Laxman Narasimhan with Chipotle CEO Brian Niccol. CNBC (L) | Getty Images (R) Starbucks announced Tuesday it’s replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol. Shares of Starbucks rose 10% in premarket trading on the news, while Chipotle’s stock fell 10%. Narasimhan took over as chief executive in March 2023. […]
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Stocks making the biggest moves premarket: Home Depot, Starbucks, Hormel Foods, Chipotle and more
Check out the companies making headlines before the bell. Starbucks , Chipotle Mexican Grill — Shares of the coffee chain popped more than 11% in the premarket after the company replaced its chief executive, Laxman Narasimhan, with Chipotle CEO Brian Niccol . Chipotle shares were down about 10%. Home Depot — Shares fell more than […]
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With the A’s leaving Oakland, the Pioneer League B’s want fan investment in Bay Area baseball
Paul Freedman, co-founder and CEO of the Oakland Ballers Paul Freedman, a 45-year-old serial entrepreneur who has founded and sold five educational technology companies, decided last June he wanted a new type of venture: a baseball team. When MLB’s A’s announced last year they planned to leave Oakland, California, for Las Vegas, Freedman was despondent. […]
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From ‘the greatest salesman’ to ‘very honorable’: Trump changes tack on Ukraine’s president
U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky looks on during a meeting in New York on September 25, 2019, on the sidelines of the United Nations General Assembly. Saul Loeb | Afp | Getty Images He loves him, he loves him not? Republican presidential nominee Donald Trump continues to keep people guessing over […]
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Photos show massive wildfire raging in Greece as residents near Athens forced to flee homes
Greek authorities on Tuesday issued an evacuation alert for the seaside town of Nea Makri in eastern Attica, as firefighters continued to battle a massive blaze burning through the Athens suburbs. Hundreds of European firefighters, backed by fire engines and waterbombing aircraft, have sought to contain the country’s worst wildfire this year. The fire began […]
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