An artist’s rendering of a DRACO spacecraft. DARPA The Pentagon’s research and development arm on Monday awarded a trio of companies with contracts to build and demonstrate a nuclear-based propulsion system on a spacecraft in orbit by 2025. General Atomics, Lockheed Martin and Jeff Bezos’ space venture Blue Origin won […]
CNBC News
BTIG gets bullish on Match and Bumble, but trader says one looks like a better bet
BTIG is falling for the dating app stocks. Analysts at the firm upgraded Match and initiated Bumble shares on Monday, both to buys. The calls are a bet on pent-up demand to socialize over the summer. Those reopening tail winds are likely to drive the companies’ growth, agreed Boris Schlossberg, […]
S&P 500 closes flat near record high in another muted session ahead of key inflation data
U.S. stocks hovered near their record levels on Monday as dull trading resumed before the release of widely-watched inflation data and the start of first-quarter corporate earnings. The S&P 500 dipped less than 1 point to 4,127.99 after closing at a record high in the previous session. The Dow Jones […]
Market braces for key inflation report Tuesday that may test the Fed’s mettle
Shoppers wearing protective masks push shopping carts inside a Costco store in San Francisco, California, on Wednesday, March 3, 2021. David Paul Morris | Bloomberg | Getty Images The pace of consumer inflation is likely to have returned to prepandemic levels in March, and it is expected to heat up […]
Biden says he is ‘prepared to negotiate’ scope of infrastructure plan and how to pay for it
President Joe Biden holds a meeting with US Senators about infrastructure improvements in the Oval Office of the White House in Washington, DC, February 11, 2021. Saul Loeb | AFP | Getty Images President Joe Biden said Monday that he is ready to bargain with lawmakers about changes to his […]
Op-ed: Look to fundamentals—not the sector of the day— to drive stocks as the economy improves
ferrantraite | E+ | Getty Images Sometimes you can feel the wind shift directions right as it happens: on a boat, a bike, or even standing outside. That is how it felt a few weeks ago when I saw that biggest movers in our portfolio included an unfamiliar mix: a […]
How Alex Rodriguez and Marc Lore’s $1.5 billion purchase of the Timberwolves can rebuild the team, boost diversity in NBA
Alex Rodriguez on May 9, 2019, at NBC’s “Today.” Zach Pagano | NBCUniversal | Getty Images Alex Rodriguez is finally about to become a sports owner. Months after the former Major League Baseball star came up short in a bid to buy the New York Mets, the National Basketball Association […]
Microsoft takes advantage of antitrust spotlight on rivals to go hunting for large acquisitions
CEO of Microsoft Satya Nadella gives a lecture about dream, struggle and creation at Tsinghua University on September 25, 2014 in Beijing, China. Nadella visited China for the first time on Thursday. Visual China Group | Getty Images Twenty years ago, the United States government filed suit against Microsoft for […]
Apple agrees to send a top executive to testify before the Senate on app store competition concerns
Sen. Amy Klobuchar, (D-MN) speaks during the fourth day of the confirmation hearing for Supreme Court nominee Judge Amy Coney Barrett before the Senate Judiciary Committee on Capitol Hill in Washington, DC, October 15, 2020. Susan Walsh | Pool | Reuters Apple has agreed to send a top executive to […]
CDC chief says Michigan should ‘shut things down,’ vaccinating alone won’t stop Covid surge
Michigan Governor Gretchen Whitmer receives a dose of the Pfizer Covid vaccine at Ford Field during an event to promote and encourage Michigan residents to get the vaccine on April 6, 2021 in Detroit, Michigan. Matthew Hatcher | Getty Images A top Biden administration health official said Monday that Michigan […]