Breaking News: Business
Firefly Aerospace stock tanks 24% after test rocket explosion
A model of the Firefly Aerospace Blue Ghost lander during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Thursday, Aug. 7, 2025. Michael Nagle | Bloomberg | Getty Images Firefly Aerospace shares sank more than 24% after its rocket exploded during a test flight on Monday. The explosion occurred […]
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One-time ‘SPAC King’ Palihapitiya launches new blank-check vehicle with plan to ‘temper’ retail fervor
Key Points Chamath Palihapitiya has launched a $345 million SPAC that he said was more than five times oversubscribed. The vehicle is designed to target companies in AI, energy, defense and decentralized finance. Palihapitiya once helped ignited the SPAC boom in 2020, but his first wave of deals mostly ended poorly for retail investors who […]
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Hertz will let customers do almost entire car buying process online
Rental company Hertz said Tuesday it is updating its online shopping website to allow customers to secure financing, get a trade-in offer and do just about everything else a customer would need to buy a vehicle. The move is a significant step for Hertz’s online retail presence. Previously, the company’s HertzCarSales.com website had only offered […]
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Startup Scorability wants to revolutionize college sports recruiting as NIL takes off
Coaches and staff use the Scorability recruiting dashboard to discover, evaluate, and engage with recruits Scoreability Sports tech platform Scorability has raised $40 million in fresh funding as the company looks to modernize college sports recruiting, the company announced on Tuesday. The funding round was led by Bluestone Equity Partners, with participation from sports merchandising […]
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Jennifer Garner’s baby food company Once Upon a Farm files for IPO on NYSE
Key Points Once Upon a Farm, the baby food company co-founded by actor Jennifer Garner, filed for IPO under the ticker “OFRM” on the NYSE. Goldman Sachs and J.P. Morgan are acting as joint lead underwriters. The Berkeley-based company increased its six-month revenue as of Jun. 30 by 66% according to its IPO filing. Source
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Why movie production has moved out of the U.S. — and what a tariff could mean for Hollywood
The Hollywood sign in Los Angeles on Jan. 22, 2024 Mario Tama | Getty Images News | Getty Images There was a time when Hollywood simply referred to a neighborhood in the central region of Los Angeles. These days, “Hollywood” has come to represent the entire domestic entertainment business — and it’s at a crossroads. […]
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Odds of a government shutdown rise to 70% in prediction markets
Key Points Prediction markets are pricing in about a 70% chance that the federal government will shut down on Wednesday. Users on Kalshi and Polymarket increased their bets after the Labor Department said it won’t release Friday’s key jobs report, watched closely on Wall Street, in the event of a shutdown. Source
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Startup founder Charlie Javice to be sentenced for defrauding JPMorgan Chase
US businesswoman Charlie Javice (L), founder of Frank, arrives for her sentencing hearing at federal court in Manhattan on Sept. 29, 2025, in New York City. Timothy A. Clary | AFP | Getty Images Charlie Javice, founder of a startup acquired by JPMorgan Chase in 2021 for $175 million, is facing sentencing Monday for defrauding the bank by overstating […]
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With coffee shop expansion, Coach wants to build on its gains with Gen Z
With its new coffee shop, Coach wants to drive more frequent trips to its stores and solidify its gains with Gen Z shoppers. One of its menu items is a Tabby Cake, a cake pop-inspired dessert that’s in the shape of Coach’s Tabby purse. Courtesy: Coach At Coach’s new shops, the latest purse is made […]
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Comcast names Mike Cavanagh as co-CEO alongside Brian Roberts
(L-R) Michael Cavanagh, then-chief financial officer of Comcast, talks with Brian Roberts, chief executive officer of Comcast, as they arrive for the annual Allen & Company Sun Valley Conference, July 9, 2019 in Sun Valley, Idaho. Drew Angerer | Getty Images Comcast announced Monday it’s named Mike Cavanagh as co-CEO alongside longtime leader Brian Roberts, […]
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