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

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

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

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

What Cramer is watching Monday — Snap cuts, chip stock reset, financials slashed

What Cramer is watching Monday — Snap cuts, chip stock reset, financials slashed

What I’m looking at July 25, 2022 Still downgrading Snap (SNAP), this time Wolfe Research and Morgan Stanley. How could they be so wrong? Is it winner take all, losers take none, versus Club holdings Alphabet ‘s (GOOGL) Google and Facebook parent Meta Platforms (META)? SNAP down 2% in the premarket after 39% plunge Friday. … Read more

Tesla Wasn’t a ‘Money Furnace’ After All. What It Means for the Stock.

Tesla Wasn't a 'Money Furnace' After All. What It Means for the Stock.

Text size Tesla’s credit metrics look better than automotive peers. They look better than many large-cap stocks too. Justin Sullivan/Getty Images It turns out that money furnaces don’t have to burn down the house. They can just keep you warm. That was the case with Tesla , which reported earnings last week. Back in June, … Read more

The Bear Market Has Brought ‘Fear and Uncertainty’ for Gen-Z. How They’re Coping.

The Bear Market Has Brought 'Fear and Uncertainty' for Gen-Z. How They're Coping.

Ella Gupta made her first investment when she was 10. With the help of her parents, she took half the profits of her bracelet-making business and invested in the stock market. At 14, she opened a Roth IRA, after beginning her first job cleaning dental instruments. Now, at 17, Gupta is confronting her first bear … Read more

Markets face crucial summer week, with Fed, earnings and economic data

Markets face crucial summer week, with Fed, earnings and economic data

A trader works on the floor of the New York Stock Exchange (NYSE), June 27, 2022. Brendan McDermid | Reuters There’s a head-spinning amount of news for markets to navigate in the week ahead, the biggest of which will be the Federal Reserve’s midweek meeting. The two largest U.S. companies — Microsoft and Apple — … Read more