US President Joe Biden speak about the Covid-19 response and the vaccination program in the State Dining Room of the White House on May 4, 2021. Nicholas Kamm | AFP | Getty Images President Joe Biden on Monday urged U.S. companies to boost pay for workers as he outlined the […]
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Biden prepared to take additional steps after Colonial Pipeline ransomware attack
Fuel holding tanks are seen at Colonial Pipeline’s Linden Junction Tank Farm on May 10, 2021 in Woodbridge, New Jersey. Michael M. Santiago | Getty Images WASHINGTON – President Joe Biden said Monday that his administration was prepared to take additional steps as the energy sector grapples with a colossal […]
Cloud stocks plunge to six-month low as investors hasten rotation out of recent top performers
Jeff Lawson, CEO, Twilio Scott Mlyn | CNBC The rotation out of tech stocks continues to hammer cloud companies the hardest, as investors sell out of last year’s best performers. While the Dow Jones Industrial Average is trading just below a record, an index of cloud-computing companies slid to its […]
Roblox revenue grows 140% in first earnings report since company went public
The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing. NYSE Roblox shares rose as much as 5% in after-hours trading, following the release of the company’s first earnings report since it went public in a […]
Roblox revenue grows 140 percent in first earnings report since going public
The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing. NYSE Roblox shares rose as much as 5 percent in after-hours trading, following the release of its first earnings report since going public in a direct […]
Virgin Galactic shares fall after another quarterly loss, no date set for next spaceflight test
Virgin Galactic’s carrier aircraft releases its spacecraft Unity during a glide flight test. Virgin Galactic Virgin Galactic delivered first quarter results after the market closed on Monday, announcing that it has yet to set a target date for its next spaceflight test, which the company previously planned for this month. […]
Stocks fall to start the week as tech stocks drag down market, Nasdaq loses 2.5%
Technology shares led the broader market lower on Monday as investors dumped high-flying Big Tech stocks, pushing the Dow Jones Industrial Average and the S&P 500 off their record highs. The Nasdaq Composite dropped 2.5% to 13,401.86, finishing the day at its session low as Microsoft and Apple lost more […]
Op-ed: Republican and Democratic leaders are far apart on infrastructure. Here’s a commonsense compromise
Cars and trucks are directed into the right lane by two trucks with light-up arrows on interstate 78 with a “Work Zone” sign in the foreground. During a press conference held by PennDOT next to Interstate 78 in Greenwich township Tuesday morning April 27, 2021 where they highlighted the need […]
Restaurants are ‘sucking wind’ but fighting back to reopen amid a worker shortage
View of the Prohibition Taproom in Philadelphia. Owner Michael Pasquarello, who owns two other establishments in the city, is optimistic about the future despite issues that plague the industry. Source: Google Earth Like many in his field, restaurateur Michael Pasquarello is grateful to have survived the damage the pandemic did […]
Dow rises 100 points to another record, but sell-off in Big Tech drags Nasdaq down 2%
The Dow Jones Industrial Average climbed to another record high on Monday as investors dumped Big Tech stocks and bet on companies leveraged to a strong economic comeback. The divide between value parts of the market and growth was significant with the tech-heavy Nasdaq Composite losing 2% as the Dow soared. […]