business news
Russia is exploring options for cyberattacks and companies must be ready, says Biden
President Joe Biden speaks during a tour of the Ford Rouge Electric Vehicle Center, in Dearborn, Michigan on May 18, 2021. Michael Wayland | CNBC President Joe Biden on Monday advised U.S. corporations to strengthen their cybersecurity practices because of intelligence reports indicating that Russia is looking at possibilities to attack. The guidance came almost […]
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U.S. space companies poised to benefit as Russia cuts ties to industry, analyst says
A Falcon 9 rocket carries 49 Starlink satellites toward orbit on Feb. 3, 2022. SpaceX Russia is rapidly cutting itself off from much of the global space industry in response to Western sanctions due to the invasion of Ukraine, and U.S. companies stand to benefit, according to an analyst report on Friday. “Russia and Ukraine […]
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Koch Industries’ campaign donations questioned after company’s decision to remain in Russia
More than two dozen U.S. lawmakers received roughly $110,000 in campaign contributions from Koch Industries in the weeks leading up to Vladimir Putin’s attack on Ukraine — money some ethics lawyers say should be returned given the company’s decision to maintain operations in Russia. U.S. lawmakers are being scrutinized for accepting campaigns contributions from the […]
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SEC proposes broad climate rules as Chair Gensler says risk disclosure will help investors
Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), at the SEC headquarters office in Washington, D.C., U.S., on Thursday, July 22, 2021. Melissa Lyttle | Bloomberg | Getty Images The Securities and Exchange Commission on Monday debuted expansive rules that would require publicly traded companies to provide more information on how their […]
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Shares of Manchester United are too cheap to pass up, Deutsche Bank says
Manchester United is valued below its public and private peers, according to Deutsche Bank. Source
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General Motors is creating an import business to send certain iconic vehicles to China
GM President Mark Reuss announces a $2.2 billion investment in the automaker’s Detroit-Hamtramck Assembly plant in Michigan for new all-electric trucks and autonomous vehicles on Jan. 27, 2020. Michael Wayland / CNBC DETROIT – General Motors is creating a new China-based premium import business focused on sales of high-margin, “iconic vehicles” from the U.S. The […]
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Apple services are down for some users
Many Apple services, including the App Store, Apple Arcade, Music, and Maps are experiencing outages. The company’s status page, which typically shows how severe an outage is, is also offline. Apple made $19.2 billion in services revenue last quarter, so an extended outage could have a material impact. But, these sorts of outages are typically […]
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SpaceX’s Starlink sees the in-flight internet market as ripe for an overhaul, executive says
A passenger plane takes off from Frankfurt Airport. The aviation industry is particularly hard hit by the effects of the global Corona pandemic. Picture alliance | Getty Images WASHINGTON – Elon Musk’s SpaceX believes an aviation-specific antenna may be revolutionary for connecting Starlink, its global high-speed internet service, with airplanes. “Connectivity on airplanes is something […]
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Powell says ‘inflation is much too high’ and the Fed will take ‘necessary steps’ to address
U.S. Federal Reserve Chairman Jerome Powell addresses an online only news conference in a frame grab from U.S. Federal Reserve video broadcast from the Federal Reserve building in Washington, U.S., January 26, 2022. U.S. Federal Reserve | via Reuters Federal Reserve Chairman Jerome Powell on Monday vowed tough action on inflation, which he said jeopardizes […]
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Stocks making the biggest moves midday: Boeing, Disney, Berkshire Hathaway and more
A Boeing 777X airplane takes off during its first test flight from the company’s plant in Everett, Washington, January 25, 2020. Terray Sylvester | Reuters Check out the companies making headlines in midday trading. Boeing — Shares fell about 4% after a Boeing 737 passenger jet crashed in China with 132 people on board. China’s […]
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