Business
Citadel founder Ken Griffin wins Blue Origin spaceflight auction, donating two seats to NYC teachers
Ken Griffin, Founder and CEO, Citadel (L) and Blue Origin New Shepard rocket lifts off (R) Reuters Ken Griffin, billionaire founder and CEO of hedge fund Citadel, placed the winning $8 million bid in an auction Monday for a seat on a spaceflight with Jeff Bezos’ Blue Origin. Bezos’ company donated two seats on its […]
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Boeing aircraft orders, deliveries slipped in April
A Boeing 737 MAX 9 is pictured outside the factory in Renton, Washington. Stephen Brashear | Getty Images Boeing’s aircraft deliveries fell last month as handovers of its 787 Dreamliner planes remain paused after a series of manufacturing flaws. The company delivered 35 jets in April, down from 41 in March, bringing its total so […]
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‘We’re doing a job. We’re connecting people’: Emirates CEO defends continued flights to Russia
Emirates Airline has defended its decision to continue its flights to Russia even as other international carriers have halted service, saying that people and government decisions should not be conflated. Speaking to CNBC Tuesday, the chairman and CEO of the Dubai state airline said that it had not received any instruction from the government to […]
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How the digital sneaker boom changed Foot Locker’s business
Foot Locker dominates the brick-and-mortar footwear category as the largest footwear retailer in the world. Its 2,900 stores worldwide span several brands, including Lady Foot Locker, Kids Foot Locker and Champs Sports. Since 2015, however, digital sneaker retailers have grown rapidly with the establishment of online marketplaces like StockX and GOAT. New brick-and-mortar streetwear stores […]
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5 things to know before the stock market opens Tuesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to rise after S&P 500 hits lowest level in over a year Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 22, 2022. Brendan McDermid | […]
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An Oklahoma abortion clinic was a safe haven for women fleeing Texas ban. It will shut down if Roe falls
A surgical tech and recovery room staff member, walk a patient from Texas to the recovery room following her abortion at the Trust Women clinic in Oklahoma City, U.S., December 6, 2021. Evelyn Hockstein | Reuters The Tulsa Women’s Clinic, one of four abortion providers in Oklahoma, might have to shut down completely as soon […]
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Cathie Wood’s Ark takes a stake in GM for the first time
The purchase – valued at more than $6 million – was through the ARK Autonomous Tech. & Robotics ETF. Source
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Virgin Orbit is assembling a fleet of 747 jets to launch more rockets into space
The modified 737 aircraft “Cosmic Girl” lifts off from Mojave Air and Space Port in California carrying a LauncherOne rocket on June 30, 2021. Virgin Orbit Virgin Orbit is assembling a fleet of modified 747 jets, the company announced Tuesday, ordering two new modified cargo airframes to help launch more rockets into space. The company […]
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National average for gasoline hits record $4.37 a gallon
The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022. Frederic J. Brown | AFP | Getty Images Gasoline prices surged to the highest level on record Tuesday as oil holds steady above $100 a barrel, contributing to inflationary pressures across the […]
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Peloton reports big loss, offers weak guidance and taps banks for cash buffer
A Peloton stationary bike for sale at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton on Tuesday reported a wider-than-expected quarterly loss and a steep decline in sales, as inventories piled up in warehouses and ate away at the company’s cash. The connected […]
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