Transmission electron microscopic image of an isolate from the first U.S. case of Covid-19. The spherical viral particles, colorized blue, contain cross-sections through the viral genome, seen as black dots. Smith Collection/Gado | Archive Photos | Getty Images It’s been two years since we first heard of Covid-19. I think […]
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Record IPO rush of 2021 led to historically dismal returns for investors with no relief in sight
Spencer Platt | Getty Images IPO investors in a record-breaking issuance rush in 2021 have so far been disappointed by dismal returns, and the outlook for the once-booming market is only getting worse with rising rates and insider selling on the horizon. Last year, the number of U.S. traditional IPOs […]
Stock rally accelerates with Dow rising 400 points, Nasdaq up nearly 2%
Traders work at the trading floor of the New York Stock Exchange NYSE in New York, the United States, on Jan. 18, 2022. Michael Nagle | Xinhua News Agency | Getty Images The Nasdaq Composite bounced on Thursday, a day after dipping into correction territory, as investors rotated back into […]
FAA warns 5G-related landing restrictions could divert flights as snow hits airports
An American Airlines commercial aircraft flies past a cell phone tower as it approaches to land at John Wayne Airport in Santa Ana, California U.S. January 18, 2022. Mike Blake | Reuters After a fairly smooth first day, the impact of new 5G cellular service on air travel is being […]
Carl Icahn owns 4% stake in International Flavors & Fragrances, sources say
Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Loading chart… Icahn, founder and chairman of Icahn Enterprises, is a longtime activist investor. Most recently, Icahn took a sizeable stake in Southwest Gas as he pushes the Las Vegas-based utility company to […]
Nasdaq rebounds 1% after falling into correction territory, Dow up 150 points
Traders work at the trading floor of the New York Stock Exchange NYSE in New York, the United States, on Jan. 18, 2022. Michael Nagle | Xinhua News Agency | Getty Images The Nasdaq Composite bounced on Thursday, a day after dipping into correction territory, as investors rotated back into […]
Shares of autonomous driving tech company Luminar surge on Mercedes-Benz deal
Austin Russell, Luminar founder and CEO, with Markus Schäfer, Mercedes-Benz AG chief technology officer at Mercedes-Benz’ Sindelfingen, Germany plant. Mercedes-Benz Mercedes-Benz said Thursday it plans to use lidar technology from Luminar in its next-generation of vehicles, driving shares of the tech start-up 13% higher in trading Thursday morning. As part […]
Dow futures rise more than 130 points, Nasdaq bounces after hitting correction
U.S. stock futures posted a solid gain Thursday morning, with Nasdaq futures up nearly 1% the day after dipping into correction territory. Futures tied to the Dow Jones Industrial Average gained 132 points, or 0.4%. S&P 500 futures added 0.53% and Nasdaq 100 futures traded about 0.9% higher. The Nasdaq, […]
GOP and Democratic governors reinstate Covid emergency orders to combat omicron surge
Ambulances outside University of Maryland St. Joseph Medical Center in Towson, Maryland, on Jan. 7, 2022. Karl Merton | Tribune News Service | Getty Images As Covid-19 cases surge across the nation, Republican and Democratic governors alike are issuing new or reinstated emergency health orders in an effort to slow […]
American Airlines posts slightly higher revenue, narrower loss than expected
An American Airlines passenger jet approaches to land at LAX during the outbreak of the coronavirus disease (COVID-19) in Los Angeles, California, April 7, 2021. Mike Blake | Reuters American Airlines posted its highest revenue of the pandemic during the fourth quarter as bookings rose, but it still reported its […]