An artist’s rendering of a Momentus Vigoride transfer vehicle deploying satellites in orbit. Momentus Space company Momentus debuted on the Nasdaq on Friday, completing a nearly yearlong and turbulent merger process that resulted in a new CEO and the departure of its founders. “In terms of value for investors, I […]
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Mark Cuban says dogecoin is the ‘strongest’ cryptocurrency as a medium of exchange
Since starting to accept dogecoin as payment for merchandise in March, the Dallas Mavericks organization has seen substantial sales made with the meme-inspired cryptocurrency, according to team owner Mark Cuban. In an effort to continue this push, Cuban announced Thursday that the organization will offer “special pricing” for those paying […]
Chime raises $750 million, earns big jump in valuation as another fintech moves closer to IPO
Chime CEO Chris Britt Source: Chime Chime has raised a new $750 million Series G round of funding that values the fintech company at $25 billion — $10 billion higher than its last reported valuation of $15 billion from October 2020, according to PitchBook data. Chime, a so-called “challenger bank” […]
The rally in recovery-focused stocks could depend on consumers and the Fed in the week ahead
Investors bid up cyclical stocks in the past week, but the economy will have to prove that the reflation trade — a bet on economic growth — is the way to go as concerns about Covid linger. Markets are deep in the dog days of August. That means the Federal […]
Stocks making the biggest moves midday: Disney, Airbnb, Honest Company and more
General views of the Mickey Mouse Ferris Wheel at Disney California Adventure Park at the Disneyland Resort, which has reopened for outdoor dining and shopping on April 11, 2021 in Anaheim, California. AaronP | Bauer-Griffin | GC Images | Getty Images Check out the companies making headlines in midday trading. […]
U.S. troops begin arriving in Kabul to evacuate embassy staff as Taliban seize major cities
U.S. Marines have begun arriving in Kabul to help secure the evacuation of embassy staff as the Taliban offensive sweeps through Afghanistan, the Pentagon said Friday. In just the past day, mIlitants have captured two of the country’s largest cities, and they appear to be trying to isolate Kabul before […]
CDC panel unanimously recommends Covid vaccine booster shots for vulnerable Americans
Close-up of Moderna vaccine at the Park County Health Department COVID-19 vaccination clinic for seniors 80 years and older on January 28, 2021 in Livingston, Montana. William Campbell | Getty Images A key Centers for Disease Control and Prevention panel unanimously voted Friday to recommend booster shots of Pfizer’s or […]
Supply-chain delays and skyrocketing shipping costs hit Cort furniture leasing company hard
Containers are transferred from a truck to cargo ship at the international cargo terminal of a port in Hai Phong city on August 12, 2019. Nhac Nguyen | AFP | Getty Images Furniture rental company Cort is jumping through hoops to manage supply-chain delays and a sharp rise in shipping […]
Dr. Scott Gottlieb expects coronavirus to be an ‘endemic’ virus in U.S. after delta surge
Dr. Scott Gottlieb told CNBC on Friday he expects the coronavirus to become an endemic virus in the U.S. and other Western countries after the recent surge in delta variant infections calms down. “We’re transitioning from this being a pandemic to being more of an endemic virus, at least here […]
Federal judge denies landlords’ request to block CDC national eviction ban
New York City housing advocates and tenants march to demand Gov. Andrew Cuomo cancel rent amid the pandemic on Oct. 10, 2020. Andrew Lichtenstein | Corbis News | Getty Images A federal judge rejected on Friday a request by landlord groups to block the Centers for Disease Control and Prevention’s […]