business news
Biden administration drafting govt buy to simplify space rules
U.S. President Joe Biden’s administration is drafting an executive purchase meant to streamline approval for private rocket launches amid a broader energy to carry legal and regulatory clarity for American corporations on almost everything from area travel to non-public house stations, according to two U.S. officers familiar with the energy. The buy would be aspect […]
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Omicron subvariants that more easily dodge immunity are causing more than 70% of U.S. infections
People wait to take coronavirus disease (COVID-19) tests at a pop-up testing site in New York City, July 11, 2022. Brendan McDermid | Reuters The most immune evasive omicron subvariants yet are now causing more than 70% of new infections in the U.S., as millions of Americans prepare to travel and gather with family for […]
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Federal prosecutors ask judge to postpone SEC case in alleged New Jersey deli stock fraud
Hometown Deli, Paulsboro, N.J. Mike Calia | CNBC Federal prosecutors in New Jersey want the Securities and Exchange Commission to postpone its civil case against the alleged masterminds behind a $100 million fraud scheme involving a small-town deli so it won’t get in the way of their ongoing criminal case. Prosecutors for the District of […]
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A strong China open for ‘Avatar’ lays the ground for a film stock rally, Morgan Stanley says
Chinese audiences appear eager to see Disney’s “Avatar: The Way of Water,” according to initial ticket sales ahead of the film’s Dec. 16 opening. “Avatar 2 is one of the key catalysts, alongside the upcoming holidays, that could support further near-term share outperformance for film stocks,” said Rebecca Xu, an analyst at Morgan Stanley, in […]
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Stocks making the biggest moves midday: Netflix, Lululemon, DocuSign and more
In this article BBWI COST DOCU NFLX CVNA TSLA BYND LULU Follow your favorite stocksCREATE FREE ACCOUNT SOPA Images | Lightrocket | Getty Images Check out the companies making the biggest moves midday: Lululemon — Shares of Lululemon fell 12% after the athletic apparel company gave a weaker-than-expected fourth-quarter outlook. In the third quarter, the […]
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Here’s a map of Starbucks stores that voted to unionize
A year ago, workers at a Starbucks store in Buffalo, New York, voted to unionize, a first for the chain. The union win at the Elmwood Avenue location has since spurred more than 300 of the chain’s cafes to follow suit with their own petitions for union elections and inspired workers at Chipotle Mexican Grill, […]
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Taylor Swift signs on to direct a movie for Disney as she campaigns for short film Oscar
Taylor Swift accepts the Artist of the Year award onstage during the 2022 American Music Awards at Microsoft Theater on November 20, 2022 in Los Angeles, California. Kevin Winter | Getty Images Entertainment | Getty Images If this was a movie, indeed. Taylor Swift has only just begun an Oscar campaign for her short film […]
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Boomers have more wealth ‘than any other generation,’ but millennials may not inherit as much as they hope
On the cusp of the greatest generational wealth transfer in history, baby boomers are set to pass more than $68 trillion on to their children. “It’s a generation that has accumulated a greater percentage of wealth than any other generation ever has,” said Mark Mirsberger, a certified public accountant and CEO of Dana Investment Advisors, referring […]
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GM battery plant workers vote to unionize with UAW, a key win for labor as industry shifts to EVs
Speaking in front of a backdrop of American-made vehicles and a United Auto Workers (UAW) sign, Democratic U.S. presidential nominee and former Vice President Joe Biden speaks about new proposals to protect U.S. jobs during a campaign stop in Warren, Michigan, U.S., September 9, 2020. Leah Millis | Reuters DETROIT — Workers at a General Motors […]
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Grocery shipping and delivery firm Getir acquires embattled rival Gorillas as industry consolidates
A bike courier outside a grocery warehouse operated by Gorillas Systems GmbH in the West Kilburn district of London, British isles, on Thursday, Dec. 8, 2022. Laura Zapata | Bloomberg | Getty Images Turkish grocery shipping and delivery firm Getir acquired its German rival Gorillas for an undisclosed quantity, the organization said Friday. “Markets go […]
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