An aerial view of a container ship leaving the dockyard in Qingdao in east China’s Shandong province. Future Publishing | Future Publishing | Getty Images The Red Sea crisis has fueled a sharp spike in ocean freight inflation over the past two months, but there are signs that upward pressure […]
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Intuitive Machines stock spikes as company’s first moon mission starts
A SpaceX Falcon 9 rocket carrying the Nova-C lander for the IM-1 mission launches from pad 39A at the Kennedy Space Center at 1:05 a.m. EDT on February 15, 2024 in Cape Canaveral, Florida. Paul Hennessy | Anadolu | Getty Images Shares of Intuitive Machines spiked in trading on Thursday, […]
The racial wage gap starts as early as 16 for Black workers—and results in ‘a lifetime of consequences,’ says expert
The racial wage gap may be shrinking, but it’s still got a ways to go. Nationwide, Black people make 76 cents to white people’s dollar, according to the Department of Labor. And it turns out that disparity starts pretty early on. In the fourth quarter of 2023, the median weekly […]
Trump hush money trial to start March 25, judge denies dismissal request
Republican presidential candidate, former U.S. President Donald Trump attends a pre-trial hearing at Manhattan Criminal Court on February 15, 2024 in New York City. Brendan McDermid | Getty Images A judge on Thursday said that jury selection in the New York hush money trial of former President Donald Trump will […]
Intuitive Machines stock spikes as lunar company’s first moon mission begins
A SpaceX Falcon 9 rocket carrying the Nova-C lander for the IM-1 mission launches from pad 39A at the Kennedy Space Center at 1:05 a.m. EDT on February 15, 2024 in Cape Canaveral, Florida. Paul Hennessy | Anadolu | Getty Images Shares of Intuitive Machines spiked in early trading on […]
Moon company Intuitive Machines begins first mission after SpaceX launch
A SpaceX Falcon 9 rocket carrying the Nova-C lander for the IM-1 mission launches from pad 39A at the Kennedy Space Center at 1:05 a.m. EDT on February 15, 2024 in Cape Canaveral, Florida. Paul Hennessy | Anadolu | Getty Images Texas-based Intuitive Machines’ inaugural moon mission began early Thursday […]
Shake Shack stock surges 20% on fourth-quarter profit, strong 2024 outlook
The Chicken Shack sandwich from Shake Shack. Shake Shack Shares of Shake Shack surged 20% Thursday morning after the burger chain delivered strong fourth-quarter earnings results. With Thursday morning’s gains, the stock reached a new 52-week high of $95.80 and is up more than 50% in the last twelve months. […]
Retail sales tumbled 0.8% in January, much more than expected
People shop at a home improvement store in Brooklyn on Jan. 25, 2024. Spencer Platt | Getty Images News | Getty Images Consumer spending fell sharply in January, presenting a potential early danger sign for the economy, the Commerce Department reported Thursday. Advanced retail sales declined 0.8% for the month […]
True Religion explores a sale as maximalist, Y2K-era styles make a comeback
The hedge fund that owns True Religion is exploring a sale of the Y2K-era jeans brand as it returns to growth and profitability after emerging from its second bankruptcy, CNBC has learned. True Religion sales jumped about 20% to around $280 million last year, and it brought in $80 million […]
Here’s how ed-tech company 2U spiraled from $5 billion to ‘going concern’
Chip Paucek, co-founder and former CEO of 2U, appears at the company’s headquarters in Lanham, Maryland on Nov. 17, 2021. The company’s chief financial officer, Paul Lalljie, replaced Paucek as CEO in November 2023. Marvin Joseph | The Washington Post | Getty Images When 2U went public a decade ago, […]