Virgin Galactic’s spacecraft outside Spaceport America in New Mexico. Virgin Galactic Virgin Galactic stock drop after reporting first quarter results accelerated in early trading on Tuesday, with the company’s next spaceflight test – and its broader path to beginning commercial flights – possibly delayed further. The space tourism company gave an update on progress toward
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Cathie Wood Source: CNBC Cathie Wood’s flagship fund Ark Innovation hit its lowest point of the year on Monday amid further selling in innovation stocks. Ark Innovation‘s drop of as much as 5% on Monday dragged the “disruptive innovation” ETF below its February low, a level that many investors are watching as a barometer for
Spencer Platt | Getty Images With fears of inflation on the rise, investors are searching for strategies to pinpoint compelling opportunities. One such strategy is to look for stocks that appear underappreciated by the Street and have plenty of room to run. The following names meet the requirements and have the support of analysts with
In this article DUK A view of Duke Energy’s Marshall Power Plant in Sherrills Ford, North Carolina, November 29, 2018. Chris Keane | Reuters Company: Duke Energy Corp. (DUK) Business: Duke operates as an energy company in the United States that is the product of a merger with Cinergy in 2006; a merger with Progress
The PayPal application can be seen on a mobile phone. Felix Kästle | picture alliance | Getty Images PayPal is making another acquisition in the e-commerce space as it moves beyond payments and into physical and online retail. The digital payments giant announced a deal to acquire start-up Happy Returns on Thursday for an undisclosed
In this article BA TRMB DE 9988-HK 9618-HK SPCE LMT LHX KTOS IRDM ARKX NFLX A SpaceX Falcon 9 rocket carries 10 Iridium NEXT satellites into orbit. mdesigner125 | iStock Editorial | Getty Images Trading in the new space exploration ETF from Ark Invest began on Tuesday, as Cathie Wood’s firm looks to tap the
In this article GS MS BTC.CB= A Goldman Sachs logo is seen displayed on a smartphone screen. Omar Marques | SOPA Images | LightRocket | Getty Images Goldman Sachs is close to offering its first investment vehicles for bitcoin and other digital assets to clients of its private wealth management group, CNBC has learned exclusively.
In this article NPAUU IRDM AST’s corporate headquarters and high-volume manufacturing facility in Midland, Texas AST & Science Satellite-to-smartphone broadband company AST & Science expects to close its SPAC merger next week, the company said on Thursday. Its stock will trade on the Nasdaq. Last year, the company announced plans to merge with special purpose
In this article TSLA Three ICEYE satellites, the trio of silver cube-like spacecraft visible near the top of the stack, on SpaceX’s Transporter-1 mission in January 2021. ICEYE Finnish satellite imagery firm ICEYE continues to expand its business in the U.S., announcing Wednesday that it signed $50 million in contracts last year for its services
In this article DISCA David Zaslav Anjali Sundaram | CNBC Discovery’s lightly traded class B shares surged 80% on Wednesday, showing a spike in volume and divergence from the company’s class A shares that is highly unusual. The class B stock, which often sees volume of less than 10,000 shares in a day, had already
Traders work on the floor of the New York Stock Exchange (NYSE) on March 16, 2020 in New York City. Spencer Platt | Getty Images Wall Street investors largely view higher interest rates as the biggest threat to derail the rally in stocks, according to a new CNBC survey. As a part of CNBC’s Quarterly
In this article AMZN An AWS Ground Station satellite antenna at one of the company’s data center in Boardman, Oregon. Amazon Amazon Web Services announced the launch of a new space startup assistance program on Tuesday, with the tech giant partnering with U.K.-based venture firm Seraphim Capital on the project. The AWS Space Accelerator is
In this article BAC Patrick T. Fallon | Bloomberg | Getty Images Bank of America is expanding its racial justice initiative, devoting more funding toward advocacy and equality for communities of color. “The urgency we feel to address long-standing issues of inclusion and racial inequality has only increased following the attacks and hate speech directed
In this article VIACP TME 9888-HK VIPS DISCA CSG.N-CH 8604.T-JP A massive margin call affected a little-known family office last Friday, incurring billions of dollars in losses for certain banks involved and jolted the overall volatility in the broader market. Archegos Capital Management’s leveraged bets in ViacomCBS blew up and ignited a whopping $20 billion wave
In this article GS VIAC DISCA 8604.T-JP CSG.N-CH GME CNBC’s Jim Cramer on Monday implored younger investors to stay in the market for the long term, despite turbulent events this year, including, most recently, the forced liquidation of positions held by a multibillion dollar family office. “We don’t want it to be 2000 when we
In this article MS GS 8604.T-JP CSG.N-CH VIACP People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, March 19, 2021. Brendan McDermid | Reuters When investors are stampeding for the exits, it pays to be first out the door. That’s what happened when falling shares in ViacomCBS
In this article TSLA ROKU ARKK TDOC TRMB PRNT KTOS LHX JD 6301.T-JP LMT IRDM HO-FR BA Virgin Galactic pilots walk to the company’s SpaceShipTwo Unity spacecraft, attached to the jet carrier aircraft Eve. Virgin Galactic Ark Invest, Cathie Wood’s firm with multiple actively managed exchanged-traded funds, will debut its latest fund on Tuesday: a
In this article ALC-CH UPST CURI SMTC ALXO The logo of Alcon is seen on the company’s corporate headquarters in Huenenberg, Switzerland, on Monday, Jan. 4., 2010. Peter Frommenwiler | Bloomberg | Getty Images As the first quarter of 2021 winds down, analysts are taking a look at the stocks in their coverage universes and
In this article EHTH MGLN Terry Vine | DigitalVision | Getty Images Company: eHealth Inc. (EHTH) Business: eHealth is a health insurance marketplace with a technology and service platform that provides consumer engagement, education and health insurance enrollment solutions. Their mission is to connect every person with the highest quality, most affordable health insurance and
In this article BA NOC SPCE RTX GNPK SpaceX’s Crew Dragon Endeavour seen docked with the International Space Station on July 1, 2020. NASA The National Aeronautics and Space Administration last year marked two decades of astronauts continuously onboard the International Space Station. But, as the floating research laboratory ages, the space agency is turning