A rendering on a Dream Chaser spaceplane in orbit. Sierra Space Sierra Space, one of the sector’s most valuable private companies, laid off several hundred employees and contractors this week, CNBC has learned. A Sierra Space spokesperson confirmed the company let go of about 165 employees on Thursday, but declined to specify the number of
Month: November 2023
In this article BABA Follow your favorite stocksCREATE FREE ACCOUNT Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023. Qilai Shen | Bloomberg | Getty Images U.S.-listed shares of Chinese e-commerce giant Alibaba slid on Thursday after it announced that it would not proceed with
James Gorman, chairman and chief executive of Morgan Stanley, speaks during the Global Financial Leader’s Investment Summit in Hong Kong, China, on Tuesday, Nov. 7, 2023. The de-facto central bank of the Chinese territory is this week holding its global finance summit for a second year in a row. Photographer: Lam Yik/Bloomberg via Getty Images
From virtually sending a friend money to ordering food to your doorstep, computer and mobile applications allow us to accomplish many tasks faster and easier than we could in the past. However, despite its rapid development over the past few years, Microsoft co-founder Bill Gates thinks today’s software is still “pretty dumb,” according to a
In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT Barbie dolls (R) are displayed for sale ahead of Black Friday at a Walmart Supercenter on November 14, 2023 in Burbank, California. Mario Tama | Getty Images News | Getty Images Shoppers may get an early present this holiday season: falling prices in many gift-giving
In this article GPS Follow your favorite stocksCREATE FREE ACCOUNT A Gap retail store sign on September 20, 2022 in Los Angeles, California. Allison Dinner | Getty Images Gap posted a better-than-expected third quarter on Thursday, but the apparel retailer still appears cautious ahead of the holiday season as it works to reverse slowdowns at
Cleveland Federal Reserve President Loretta Mester said Thursday that this week’s news showing lower levels of inflation isn’t enough to convince her that the central bank has won its battle against higher prices. “We’re making progress on inflation, discernible progress. We need to see more of that,” Mester told CNBC’s Steve Liesman during an interview
d3sign | Moment | Getty Images As millions of Americans compare health plans on the Affordable Care Act insurance marketplaces, experts say it’s critical to run projections and rethink popular tax moves before enrolling in subsidies. Marketplace open enrollment typically runs from Nov. 1 through Jan. 15, but will extend to Jan. 16 because of
Bill Stovall in his house in Cumming, Georgia. Every morning, Bill Stovall wakes up at around 8:30 a.m. The first thing he does is speak to his wife’s ashes, which are in a pink urn on his fireplace mantle. He keeps it brief. “I say: ‘Good morning. I miss you and I love you. I
In this article UBSG-CH Follow your favorite stocksCREATE FREE ACCOUNT President Joe Biden delivers remarks about the student loan forgiveness program on Oct. 17, 2022. Leah Millis | Reuters More people with federal student loans have been able to walk away from their debt in bankruptcy court due to a Biden administration policy change announced
High mortgage rates continue to weigh on the nation’s homebuilders, leading to an increase in price cuts to lure buyers. But builders are cautiously optimistic about recent signs that interest rates may move lower soon. Homebuilder sentiment fell six points to 34 in November on the National Association of Home Builders/Wells Fargo Housing Market Index
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT A Project Kuiper engineer conducts network testing as prototype satellites pass over McAllen, Texas. Amazon A little over a month after launch, Amazon on Thursday announced its pair of prototype internet satellites were fully successfully in operations and testing. “We were able to validate everything
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