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Rocket Lab stock pops 25% after company reports strong revenue growth, first Neutron deal

Rocket Lab stock pops 25% after company reports strong revenue growth, first Neutron deal

A view of Rocket Lab’s HASTE suborbital launch vehicle. Rocket Lab Rocket Lab shares jumped in post-market trading after the company reported third-quarter results and announced its first customer for its coming Neutron vehicle. The space infrastructure company reported third-quarter revenue increased to $104.8 million, up 55% from $67.6 million for the same period a […]

Rocket Lab stock pops 25% after company reports strong revenue growth, first Neutron deal Read More »

Amgen stock falls as analysts mull over weight loss drug’s bone density data

Amgen stock falls as analysts mull over weight loss drug’s bone density data

Omar Marques | Lightrocket | Getty Images Shares of Amgen fell more than 7% Tuesday as analysts chewed over bone density loss data from an early-stage trial on its experimental weight loss injection, MariTide. One analyst said the additional data suggests a new potential safety risk tied to the drug. But others said the share

Amgen stock falls as analysts mull over weight loss drug’s bone density data Read More »

Rivian-Volkswagen joint venture up deal to .8 billion, VW cars expected as early as 2027

Rivian-Volkswagen joint venture up deal to $5.8 billion, VW cars expected as early as 2027

A provided image of Oliver Blume, CEO of Volkswagen Group and RJ Scaringe, founder and CEO of Rivian, as the companies announce joint venture plans on June 25, 2024. Courtesy: Business Wire Rivian Automotive and Volkswagen Group have released details of their previously announced joint venture ahead of the operations launching Wednesday. The companies in

Rivian-Volkswagen joint venture up deal to $5.8 billion, VW cars expected as early as 2027 Read More »

FAA bans U.S.-Haiti flights for 30 days after Spirit Airlines flight struck by gunfire

FAA bans U.S.-Haiti flights for 30 days after Spirit Airlines flight struck by gunfire

Spirit Airlines airplanes at Fort Lauderdale-Hollywood International Airport (FLL) in Fort Lauderdale, Florida, US. Eva Marie Uzcategui | Bloomberg | Getty Images The Federal Aviation Administration on Tuesday banned U.S. civilian flights to and from Haiti for 30 days after a Spirit Airlines airplane was struck by gunfire trying to land in Port-au-Prince a day

FAA bans U.S.-Haiti flights for 30 days after Spirit Airlines flight struck by gunfire Read More »

Family offices becoming ‘economic powerhouse’ in private company deals

Family offices becoming ‘economic powerhouse’ in private company deals

Closeup of late 40s handsome executive man driving in the back seat of a luxury limousine and using a smart phone.  Gilaxia | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions,

Family offices becoming ‘economic powerhouse’ in private company deals Read More »

Boeing delivers fewest planes in October since 2020, warns factory restart after strike will take weeks

Boeing delivers fewest planes in October since 2020, warns factory restart after strike will take weeks

An employee works in the cockpit of a Boeing P-8 Poseidon maritime patrol aircraft on the production line at Boeing’s 737 factory in Renton, Washington, November 18, 2021. Jason Redmond | Reuters Boeing‘s more than 32,000 machinists who were on strike are required to return to their factories no later than Tuesday, but getting factories

Boeing delivers fewest planes in October since 2020, warns factory restart after strike will take weeks Read More »

Netflix ad-supported tier has 70 million monthly users two years after launch

Netflix ad-supported tier has 70 million monthly users two years after launch

People wait in a line to enter “The Lab,” a “Stranger Things” Netflix series experience in Madrid on June 2, 2022. Beata Zawrzel/ | Nurphoto | Getty Images Netflix’s cheaper, ad-supported tier has reached 70 million global monthly active users two years after it was launched. The company said Tuesday more than 50% of its

Netflix ad-supported tier has 70 million monthly users two years after launch Read More »

GM’s Wall Street vindication is happening as it outperforms its peers in 2024

GM’s Wall Street vindication is happening as it outperforms its peers in 2024

Mary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson’s building in Detroit, Michigan, US, on Monday, April 15, 2024.  Jeff Kowalsky | Bloomberg | Getty Images DETROIT — General Motors is proving it’s a standout among automakers this year as it continues to consistently outperform Wall

GM’s Wall Street vindication is happening as it outperforms its peers in 2024 Read More »

Mattel pulls thousands of ‘Wicked’ dolls off shelves after printing adult website on packaging

Mattel pulls thousands of ‘Wicked’ dolls off shelves after printing adult website on packaging

Still from the film “Wicked” Source: Universal Studios Thousands of Mattel’s “Wicked”-branded fashion dolls are flying off shelves, but not because of consumer demand. The toy company has been forced to pull its line of character dolls after a package misprint. Instead of listing the website for Universal’s “Wicked” movie, boxes featured a link to

Mattel pulls thousands of ‘Wicked’ dolls off shelves after printing adult website on packaging Read More »

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