Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, D.C., on Friday, Sept. 23, 2022. Al Drago | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller said Thursday he will need to see more evidence that inflation is cooling before he is willing […]
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OpenAI CEO Sam Altman stands to net millions as Reddit goes public
OpenAI CEO Sam Altman speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Stefan Wermuth | Bloomberg | Getty Images OpenAI CEO Sam Altman will be in a position to make millions after Reddit goes public, thanks to a series of bets on the online discussion […]
Block shares surge as much as 14% after company announces surprise profit
Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Block stock rose as much as 14% in extended trading Thursday after the payments company […]
Intuitive Machines stock has more than tripled. How Wall Street reads the moon-fueled rally
Intuitive Machines’ Nova-C lander “Odysseus” deploys from the upper stage of SpaceX’s Falcon 9 rocket to begin the IM-1 mission. NASA TV Much like Intuitive Machines’ spacecraft, its stock has been flying to the moon the past week. In a little over a month since hitting all-time lows, and as […]
Intuitive Machines lands on the moon in historic first for a U.S. company
The IM-1 lander “Odysseus” in lunar orbit on Feb. 21, 2024. Intuitive Machines A U.S. company has gone to the moon – and into the history books. Intuitive Machines IM-1 mission reached the moon’s surface on Thursday evening, in the first American lunar landing since the Apollo era. The company’s […]
Stocks making the biggest moves after hours: Block, Carvana, Booking Holdings and more
In this photo illustration, the logo for the US tech firm “Block” is displayed and reflected in a number of digital screens on March 03, 2023 in London, England. Leon Neal | Getty Images Check out the companies making headlines in extended trading. Intuit — Shares pulled back roughly 1% […]
Capital One’s acquisition has $1.4 billion breakup fee if rival bid emerges, but none if regulators kill deal
Capital One headquarters in McLean, Virginia on February 20, 2024. Brendan Smialowski | AFP | Getty Images Capital One‘s blockbuster takeover proposal for Discover Financial includes a $1.38 billion breakup fee if Discover decides to go with another buyer, but no such fee if U.S. regulators kill the deal, people […]
Watch Intuitive Machines attempt the first U.S. moon landing in over 50 years
The livestream above is slated to begin at 5 p.m. ET. Please refresh the page if you don’t see a player at that time. Lunar company Intuitive Machines is going for history on Thursday as it attempts to reach the moon’s surface in what would be the first American lunar […]
Rivian and Lucid shares plunge after weak EV earnings reports
A Rivian electric truck sits parked in front of a Rivian service center on August 08, 2023 in South San Francisco, California. Justin Sullivan | Getty Images Shares of electric vehicle makers Rivian and Lucid plummeted Thursday after the companies reported disappointing results and stagnant production in their fourth-quarter earnings […]
Reddit will let users buy its IPO, but warns that they could make the stock riskier
Reddit logos Dado Ruvic | Reuters Reddit’s initial public offering will include a quirk that allows some of its most active users to buy the stock. That could make the deal riskier for other investors. On Thursday afternoon, the social media company’s S-1 filing revealed that some Reddit moderators and […]