Rivian Courtesy: Rivian Electric vehicle maker Rivian Automotive on Tuesday reported a first-quarter loss that was narrower than expected and said it’s still on track to meet a 50,000-vehicle production target for 2023. Shares were up about 4% in after-hours trading following the news. related investing news an hour ago […]
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Breast cancer screenings should start at age 40 instead of 50, US panel says
Medical personnel use a mammogram to examine a woman’s breast for breast cancer. Hannibal Hanschke | dpa | Picture Alliance | Getty Images Most women should get screened for breast cancer every other year starting at age 40, a decade earlier than previously recommended, according to draft guidelines issued Tuesday […]
Rocket Lab revenue increases slightly, company adds NASA launch contract
Electron rockets undergo preparation for launch. Rocket Lab Rocket Lab’s revenue increased slightly in the first quarter, but losses grew as well, as the spacecraft and launch company added a NASA contract and continued to invest in its future Neutron vehicle. The company reported a net loss of $45.6 million, […]
Tucker Carlson to host show on Twitter after being fired from Fox News
Tucker Carlson speaks during the Mathias Corvinus Collegium (MCC) Feszt on August 7, 2021 in Esztergom, Hungary. Janos Kummer | Getty Images News | Getty Images Tucker Carlson is back – on Twitter. The right wing TV personality said in a video on his Twitter feed Tuesday that he is […]
Virgin Galactic quarterly loss widens while company preps for spaceflight return
An aerial view of carrier aircraft VMS Eve, left, and spacecraft VSS Unity, at Spaceport America in New Mexico on Feb. 27, 2023. Virgin Galactic Virgin Galactic is aiming to fly its first spaceflight in nearly two years later this month, but the company’s first quarter loss widened dramatically as […]
This MIT economist helps decide when recessions officially begin and end. Here’s why those dates matter
Ja’crispy | Istock | Getty Images As the president of the National Bureau of Economic Research and a member on the Business Cycle Dating Committee, James Poterba helps determine when a recession officially starts and ends. Why is that important? What do those dates tell us? When the NBER was […]
Biden meets with congressional leaders on debt limit as potential default looms
WASHINGTON — President Joe Biden met with congressional leaders Tuesday as Washington scrambled to lift the debt ceiling with less than a month before the federal government was set to run out of money. Representing the House were Speaker Kevin McCarthy, R-Calif., and Minority Leader Hakeem Jeffries, D-N.Y. On the Senate […]
Airbnb drops 10% after earnings report offers cautious outlook for Q2
Brian Chesky, CEO of Airbnb speaking on CNBC’s Squawkbox on May 4th, 2023. CNBC Shares of Airbnb fell as much as 10% in extended trading Tuesday despite first-quarter earnings that beat analyst estimates on top and bottom line, as it offered slightly weaker-than-expected guidance and a cautious outlook for Q2. Here’s how […]
Jury says Trump must pay E. Jean Carroll $5 million for sexual abuse and defamation
Former U.S. President and Republican presidential candidate Donald Trump rides a golf cart at Trump International Golf Links course, in Doonbeg, Ireland May 4, 2023. Damien Storan | Reuters A New York federal jury found former President Donald Trump liable on Tuesday for sexually abusing and forcibly touching the writer […]
Novavax surges after biotech company unveils job cuts, positive vaccine data
A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands. Patrick Van Katwijk | Getty Images Share prices of Novavax jumped about 30% on Tuesday after the biotech company unveiled […]