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Business News

CNBC 9/29/2023 4:14:39 AM

Blue Origin, Sierra Space weigh future of Orbital Reef space station as partnership turns rocky

The Orbital Reef space station partnership between Jeff Bezos' Blue Origin and Sierra Space is on rocky footing, CNBC has learned. The companies announced Orbital Reef as a co-led project in 2021, b….. read more

CNBC 9/29/2023 4:26:22 AM

Bill Ackman believes the 10-year Treasury yield could approach 5% soon

Billionaire hedge fund manager Bill Ackman believes long-term Treasury yields can shoot even higher in the short run on the back of stubborn inflation. "I would not be shocked to see 30-year rates t….. read more

Wall Street Journal 9/29/2023 4:00:03 AM

China Investing Billions in Global Disinformation Campaign...

China Is Investing Billions in Global Disinformation Campaign, U.S. SaysBy and Sept. 28, 2023 2:15 pm ET WASHINGTON—The Chinese government is pouring billions of dollars annually into a global campa….. read more

CNBC 9/29/2023 3:55:52 AM

GameStop's survival demands 'extreme frugality,' CEO Ryan Cohen tells employees

Just hours after being named GameStop's CEO, Ryan Cohen sent out a memo to employees on Thursday that emphasized he will take dramatic steps to ensure the struggling video game retailer survives. "O….. read more

CNBC 9/29/2023 3:52:58 AM

Endeavor, Fenway Sports consider investment in the PGA Tour

The PGA Tour is attracting potential outside investors some of which are considering making a rival pitch to the Saudi-backed Public Investment Fund's proposal, according to people familiar with the ….. read more

Market Watch 9/29/2023 2:36:09 AM

: Biden interrupted by climate activist during speech, promises to meet

President Joe Biden on Thursday offered a meeting as he responded to an interruption from a climate activist while giving a speech focused on defending democracy and honoring the late Sen. John McCai….. read more

Market Watch 9/29/2023 2:36:09 AM

: Fenway Sports Group sells minority stake in Liverpool to sports investment firm Dynasty Equity

Boston Red Sox and Pittsburgh Penguins owner Fenway Sports Group LLC has sold a minority stake in Premier League club Liverpool to New York-based sports investment firm Dynasty Equity. In a statement,.. read more

Market Watch 9/29/2023 2:24:24 AM

Lawrence G. McMillan: Stocks are stuck in the breakdown lane and repairs will take time

The stock market, as measured by the S&P 500 Index SPX, has broken out of its trading range to the downside. The close below 4330 was the catalyst, as we have been saying it would be. The ne….. read more

Market Watch 9/29/2023 2:09:43 AM

Associated Press: Biden puts democracy at center of re-election campaign and labels ‘MAGA movement’ extremist

PHOENIX (AP) President Joe Biden is arguing that there is something dangerous happening in America as he revives his warnings that Donald Trump and his allies represent an existential threat to the c….. read more

CNBC 9/28/2023 11:40:39 PM

Stocks making the biggest moves midday: CarMax, Accenture, Peloton, Jefferies and more

Check out the companies making headlines in midday trading. Trimble The technology services provider jumped about 6.4% on Thursday on the back of an announcement that AGCO Corp will acquire an 85% s….. read more

CNBC 9/28/2023 11:29:06 PM

Biden to deliver speech on democracy, legacy of Sen. John McCain in Arizona

President Joe Biden is set to deliver a speech Thursday in Phoenix, Arizona, on the state of democracy and to honor his late friend, Republican Sen. John McCain. It is the fourth such speech on demo….. read more

CNBC 9/28/2023 11:06:53 PM

Epic Games is eliminating 16% of its workforce and selling Bandcamp

Epic Games on Thursday said it's laying off 16% of its workforce, selling its music platform Bandcamp and spining off most of its SuperAwesome services. In a memo Epic shared on its website, CEO Tim….. read more

CNBC 9/28/2023 10:34:26 PM

Trump and his adult children expected to be called to testify in New York fraud trial

New York Attorney General Letitia James plans to call former President Donald Trump and three of his adult children to testify at his civil fraud trial set to begin in New York next week, court docum….. read more

Wall Street Journal 9/28/2023 10:30:01 PM

The Latest Sign That Individual Investors Like Gold: It’s Hot at Costco

Everyday investors are hungry for gold. If you need evidence, just look at Costco. The retail giant has one-ounce gold bars for sale, which Chief Financial Officer Richard Galanti earlier this week ….. read more

Financial Post 9/28/2023 9:55:09 PM

Minister calls new pandemic loan rules 'fiscally responsible' — businesses disagree

80% of small businesses did not find changes helpful, and only 34% can repay the loan on time Get the latest from Naimul Karim straight to your inbox Sign Up Thousands of small businesses have wa….. read more

Investing 9/28/2023 8:44:03 PM

Fleeing Karabakh, elderly couple fear for the future with their disabled son

By Felix Light GORIS, Armenia (Reuters) - Albert Petrosyan strapped his son's wheelchair and a few bags to the roof of his ancient Russian-made car ahead of another long drive after fleeing his home….. read more

Investing 9/28/2023 8:43:35 PM

Adam Wadecki Appointed as Eaton’s Senior Vice President, Internal Audit

Intelligent power management company Eaton (NYSE:ETN) has announced the appointment of Adam Wadecki, Ph.D., as senior vice president, Internal Audit, effective Tuesday. He succeeds Christina Bosserd,….. read more

Investing 9/28/2023 8:42:56 PM

JPMorgan CEO Jamie Dimon warns of potential 7% interest rate hike amid stagflation concerns

Jamie Dimon, the CEO of JPMorgan Chase (NYSE:JPM), has issued a warning about the possibility of a 7% interest rate hike and the potential for stagflation in the U.S. economy. His comments come amid ….. read more

Financial Post 9/28/2023 8:41:36 PM

New Alternative Minimum Tax rules might mean donating more to charity this year

Jamie Golombek: AMT could be an issue for higher-income taxpayers if a charitable gift is made in 2024, as opposed to 2023 Now is the time to reach out to your tax adviser to see about minimizing t….. read more

Investing 9/28/2023 8:30:55 PM

US to announce disaster response team for South Caucasus amid Karabakh crisis

By Daphne Psaledakis WASHINGTON (Reuters) - The United States on Thursday will announce it has deployed a Disaster Assistance Response Team in the South Caucasus region to coordinate the U.S. humani….. read more

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Independent 8/28/2023 7:03:24 PM

Two men in court charged with murder over suspected ammonia attack