Business
Machine-parts start-up Hadrian raises $90 million as it seeks to shake up the aerospace supply chain
The exterior of the company’s factory in Hawthorne, California. Hadrian Machine-parts start-up Hadrian Automation raised $90 million in a new round of funding led by venture firms Lux Capital and Andreessen Horowitz, as the company works to build largely-automated factories to transform the aerospace supply chain. “We’ve launched Factory #1 and proven that we can […]
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Higher taxes at Calvin Klein owner PVH will hit profits and hold back stock gains, Morgan Stanley says
Higher taxes will hurt this apparel company known for brands like Calvin Klein and Tommy Hilfiger, says Morgan Stanley. Source
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Kohl’s calls on shareholders to reject activist Macellum’s proposal ahead of annual meeting
People shop at Kohl’s department store amid the coronavirus outbreak on September 5, 2020 in San Francisco, California. Liu Guanguan | China News Service | Getty Images Kohl’s on Thursday sent a letter to shareholders in which it pushed back against activist investor Macellum’s campaign to add new directors to the retailer’s board. In the […]
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5 things to know before the stock market opens Thursday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to wrap up strong month but weak quarter Traders work on the floor of the New York Stock Exchange (NYSE) in New York, March 30, 2022. Brendan McDermid | Reuters U.S. stock futures were […]
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Five Below shares can surge nearly 28% as store openings drive growth, Citi says
Investors looking for bargains should look at shares of Five Below, according to Citigroup. Source
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Airlines offer luxury suites, roomier seats in battle for high-paying travelers as international trips return
A Singapore Airlines A380 first class suite Leslie Josephs | CNBC Singapore Airlines this week unveiled its highest-end offering in the U.S: first-class suites that feature a bed, a swivel chair, 32-inch touch screen and a desk adorned with an orchid. They are each 50 square feet, and there are two bathrooms for the six […]
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Walgreens beats earnings expectations after omicron-fueled demand for tests and boosters lifted sales
A person enters a Walgreens store in San Francisco, California, U.S., on Tuesday, April 13, 2021. David Paul Morris | Bloomberg | Getty Images Walgreens Boots Alliance on Thursday announced fiscal second-quarter earnings that topped analysts’ expectations, after the omicron variant of Covid-19 intensified demand for booster shots and tests and drove foot traffic during […]
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Biden planning to tap oil reserve to control gas prices
U.S. President Joe Biden gestures as he delivers remarks on Covid-19 in the United States in the South Court Auditorium on March 30, 2022 in Washington, DC. Anna Moneymaker | Getty Images President Joe Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation’s strategic […]
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Chris Rock addresses Will Smith Oscars slap during Boston show: ‘I’m still processing what happened’
Actor Chris Rock speaks onstage during the 94th Oscars at the Dolby Theatre in Hollywood, California on March 27, 2022. Robyn Beck | Afp | Getty Images Fans hoping Chris Rock would speak at length about Will Smith slapping him at the Academy Awards ceremony on Sunday may have been disappointed Wednesday night during his […]
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Cramer’s lightning round: Go long on Hertz
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
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