Month: January 2025
Planet lands $230 million contract for Pelican imagery satellites
An animated rendering of a Pelican satellite in orbit. Planet Satellite imagery and data analysis company Planet announced it had signed a $230 million contract on Wednesday, with an anchor customer furthering the rollout of its next-generation Pelican satellites. “It is a momentum-building event. … It’s both our biggest deal ever and it’s a significant […]
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Stocks making the biggest moves premarket: ASML, Alibaba, Nvidia, T-Mobile, Qorvo and more
Check out the companies making headlines before the bell. F5 – Shares soared nearly 14% on the heels of the application security company’s fiscal second-quarter outlook beating Wall Street’s expectations. F5 expects revenue to come in between $705 million and $725 million, while analysts polled by FactSet had penciled in $702.7 million. Nextracker – The […]
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Volatile borrowing costs stir memories of UK’s pensions crisis — but insiders say this time, it’s a ‘nice opportunity’
Pensioners walk along the pier in Deal, UK, on Thursday, Oct. 3, 2024. Bloomberg | Bloomberg | Getty Images A sharp spike in U.K. borrowing costs this year triggered memories of the 2022 “mini-budget” crisis, which rocked the country’s pension funds and led to emergency market intervention by the Bank of England. But this year, […]
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Super Bowl ads beckon up to $8 million apiece for Fox
Fox Corp. is scoring big this Super Bowl. The broadcaster has sold out of ad spots for Super Bowl 59 on Feb. 9, and more than 10 of those commercials sold for $8 million apiece, according to a person familiar with the matter. Fox reported during its November earnings call with investors that it sold […]
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European Central Bank to cut rates again with Trump threat and U.S. divergence in focus
The European Central Bank is widely expected to kick off its 2025 meetings with another interest rate cut on Thursday, as traders aim to gauge how far the central bank is willing to diverge from a stalled Federal Reserve. Money markets on Wednesday were pricing in 35 basis points worth of rate cuts for the […]
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Frontier Airlines proposes merging with fellow budget carrier Spirit — again
A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Frontier Airlines said Wednesday it has again proposed merging with Spirit Airlines, which is in bankruptcy. Frontier and Spirit first announced a deal to merge in 2022, […]
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Mortgage demand drops further, even as interest rates settle
A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. Patrick T. Fallon | AFP | Getty Images Mortgage rates didn’t move last week, but demand for new home loans continued to weaken. Both homebuyers and current homeowners are hampered by today’s higher interest rates. […]
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Britain takes stake in SpaceX rival Orbex to boost space ambitions
Orbex is a startup that develops both small and medium-sized space rockets. The firm uses a renewable form of propane known as bio-propane to fuel its rockets. Michal Wachucik | AFP via Getty Images The U.K. government announced Wednesday a £20 million ($24.8 million) investment in Orbex, a Scottish spaceflight startup aiming to rival Elon […]
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UK finance minister backs expansion of London’s Heathrow Airport to boost struggling economy
British Airways Boeing 787-8 Dreamliner aircraft spotted flying on final approach over the roofs of the houses of Myrtle avenue for landing at London Heathrow Airport LHR in the UK. Nurphoto | Nurphoto | Getty Images U.K. Finance Minister Rachel Reeves on Wednesday unveiled plans to deliver a shot in the arm for the country’s […]
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ASML CEO sees low-cost AI models like DeepSeek driving more demand — not less
Dutch semiconductor equipment maker ASML expects new low-cost models like the one rolled out by China’s DeepSeek to lead to more — rather than less — demand for AI chips, CEO Christophe Fouquet told CNBC Wednesday. ASML beat estimates on both sales and profit for the fourth quarter and said it had an order backlog […]
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