Masten files for bankruptcy after NASA moon contract struggle

Masten files for bankruptcy after NASA moon contract struggle

Lunar-focused company Masten Space Systems filed for Chapter 11 bankruptcy protection on Thursday, with the venture winnowed down to a handful of people after layoffs and furloughs. The space company declared as its debts ballooned, tracing back to a NASA contract awarded to Masten two years ago. Once seen as a major win for the … Read more

Roku, Amazon, First Solar, Intel, Apple & more

Roku, Amazon, First Solar, Intel, Apple & more

People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading Friday. Amazon — Shares of the e-commerce giant jumped more than … Read more

Mortgage rates fall sharply after negative GDP report and Fed’s latest hike

Mortgage rates fall sharply after negative GDP report and Fed's latest hike

A sign is posted in front of a home for sale on July 14, 2022 in San Francisco, California. The number of homes for sale in the U.S. increased by 2 percent in June for the first time since 2019. Justin Sullivan | Getty Images Just one day after the Federal Reserve raised its benchmark … Read more

WHO recommends gay, bisexual men limit sexual partners to reduce spread

WHO recommends gay, bisexual men limit sexual partners to reduce spread

People line up outside the Test Positive Aware Network nonprofit clinic to receive the monkeypox vaccine in Chicago, Illinois, July 25, 2022 Eric Cox | Reuters The World Health Organization on Wednesday recommended that gay and bisexual men limit their number of sexual partners to protect themselves from monkeypox and help slow transmission of the … Read more

Dow rallies 400 points as Powell hints Fed could slow pace of rate hikes, Nasdaq jumps 4%

Dow rallies 400 points as Powell hints Fed could slow pace of rate hikes, Nasdaq jumps 4%

Stocks rallied Wednesday after the Federal Reserve announced its much anticipated 0.75 percentage point rate increase to fight inflation, but hinted that it could slow the pace of its hiking campaign at some point. The Dow Jones Industrial Average jumped 436.05 points, or nearly 1.4%, to 32,197.59. The S&P 500 gained 2.62% to close at … Read more

As more people report Covid rebounds after Paxlovid, experts insist cases are rare

As more people report Covid rebounds after Paxlovid, experts insist cases are rare

When Dr. Anthony Fauci got Covid in June, he took Paxlovid, an antiviral drug for people with mild to moderate symptoms whose ages or immune statuses put them at high risk for severe disease. The treatment consists of three pills taken twice daily for five days. Fauci finished the treatment and tested negative for Covid. … Read more

Vince McMahon scandals, retirement heighten WWE sale speculation

Vince McMahon scandals, retirement heighten WWE sale speculation

World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 Ethan Miller | Getty Images Entertainment | Getty Images World Wrestling Entertainment’s annual report for 2021 lists a risk factor specifically about the … Read more

China’s property sales set for a worse plunge than in 2008, S&P says

China's property sales set for a worse plunge than in 2008, S&P says

Most apartments in China are sold before developers finish building them. Pictured here on June 18, 2022, are people selecting apartments at a development in Huai’an, Jiangsu province, near Shanghai. Future Publishing | Future Publishing | Getty Images BEIJING — China’s property sales are set to plunge this year by more than they did during … Read more

Millennials’ average net worth doubled during pandemic, report finds

Millennials' average net worth doubled during pandemic, report finds

andresr | E+ | Getty Images Covid-19 relief and record-low interest rates boosted many Americans’ finances during the pandemic. That has been especially true for millennials, who have on average built significant wealth. Millennials, born between 1981 and 1996, have more than doubled their total net worth, reaching $9.38 trillion in the first quarter of … Read more

5 things to know before the stock market opens Tuesday, July 26

5 things to know before the stock market opens Tuesday, July 26

Traders work on the floor of the New York Stock Exchange (NYSE), July 25, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Stock futures slide U.S. equities markets were set to decline Tuesday morning after Walmart cut its profit outlook Monday (see … Read more