Year: 2025
La Compagnie CEO on business travel demand and impact of a weaker U.S. dollar
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Christian Vernet, La Compagnie CEO, joins ‘Money Movers’ to discuss the increase in demand for luxury travel, earnings and impact of a weaker dollar. Source
Read More
Space startup Varda raises $187 million in funding to make drugs in orbit
Pavlo Gonchar | Lightrocket | Getty Images Space startup Varda announced on Thursday that it has raised $187 million in Series C funding, led by venture capital firms Natural Capital and Shrug Capital, to continue advancing drug manufacturing in space. The latest round included participation from Peter Thiel, Lux Capital, Khosla Ventures and Caffeinated Capital. […]
Read More
Pentagon to become largest shareholder in rare earth miner MP Materials; shares surge 50%
The Defense Department will become the largest shareholder in rare earth miner MP Materials after agreeing to buy $400 million of its preferred stock, the company said Thursday. MP Materials owns the only operational rare earth mine in the U.S. at Mountain Pass, California, about 60 miles outside Las Vegas. Proceeds from the Pentagon investment […]
Read More
The three energy topics on everyone’s lips at the OPEC seminar
The blue logo of the Organization of the Petroleum Exporting Countries (OPEC) is displayed on the facade of its headquarters building in Vienna, Austria, on June 9, 2025. Nurphoto | Nurphoto | Getty Images OPEC says more than 1,000 ministers, CEOs, policymakers, analysts and journalists were invited to its biennial seminar to discuss key trends […]
Read More
Mining firms power UK stocks to record high after 50% U.S. copper tariff confirmed
The smelting area, where the copper is smelted and then placed in molds and cooled, at the Codelco El Teniente processing facility in Machali, Chile, on Wednesday, April 2, 2025. Bloomberg | Bloomberg | Getty Images London-listed mining firms bounced on Thursday, shaking off recent losses to drive the U.K.’s FTSE 100 index to a […]
Read More
Stocks making the biggest moves premarket: Delta Air Lines, WK Kellogg, PTC, AMD and more
Check out the companies making headlines in premarket trading. Delta Air Lines — Shares advanced nearly 12% before the opening bell after the airline reinstated its 2025 profit outlook , and second-quarter revenue and net income exceeded analyst estimates. Brazilian stocks — The iShares MSCI Brazil ETF (EWZ) dropped nearly 2% premarket after President Donald […]
Read More
How family offices are betting on the sports boom from fantasy apps to pickleball courts
Key Points A third of investment firms of the ultra-rich have invested in sports, according to a new family office survey by BNY Mellon. While billionaire sports-team buyouts get the headlines, family offices are increasingly investing in adjacent assets like live-viewing venues and betting apps. Here’s how the family offices of ultra-rich sports team owners […]
Read More
Delta CEO: Turbulence on trade policy caused pullback in confidence
Ed Bastian, Delta CEO, joins ‘Squawk Box’ to discuss the company’s quarterly earnings results, any tourism trend impacts and much more. Source
Read More
Why investors think Starbucks’ China business may be overvalued
Starbucks’ investors were excited for a brief moment after CNBC reported that the coffee giant received offers valuing its China operations at up to $10 billion, sending its Nasdaq-listed shares over 3% higher briefly before paring back gains. Starbucks China has attracted offers for a potential stake sale, valuing the coffee chain at between $5 […]
Read More
Delta shares jump 10% after reinstating 2025 profit outlook
CNBC’s Phil LeBeau reports on Delta Air Lines’ quarterly earnings results. Source
Read More