X-59 has finally arrived. As NASA’s newest X-plane, the X-59 is designed to break the sound barrier without the loud sonic booms that typically occur when planes fly at hypersonic speeds. Instead, Quest will emit a quieter sound, similar to…
For more than a decade, Apple has been the undisputed king of the stock market. It first overtook Exxon Mobil Corp. as the world’s most valuable public company in 2011 and has held the title almost without interruption. But the…
Tesla (TSLA) stock ended down more than 3.5% on Friday after the automaker announced new price cuts in China, following a drop on Thursday on news that the company was halting production at its Giga Berlin factory due to disruptions…
CVS Health will close dozens of pharmacies inside Target stores over the next few months. The pharmacy chain said the closures will begin next month and be completed by the end of April. It is among 900 locations that CVS…
Open Editor’s Digest for free Rula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter. Citigroup said it expects to cut at least 20,000 jobs, about 10 percent of its workforce, as the struggling US…
Stocks fell on Friday afternoon, giving up earlier gains as big bank results failed to raise hopes for a strong quarterly earnings season. The Dow Jones Industrial Average (^DJI) lost 0.5%, or nearly 200 points. The S&P 500 (^GSPC) fell…
Apple announced Thursday that former Vice President Al Gore will retire from Apple’s board of directors after more than two decades as part of a major shakeup. Gore (75 years old) has been a director of the company’s board of…
Hertz’s Tesla fire sale portends an appreciation for electric cars that no one wantsBloomberg Selling part of Tesla’s fleet is a “black eye for Hertz,” says Wedbush’s Dan Ives.CNBC TV Hertz is selling 20,000 electric cars to buy gasoline-powered cars…
Stocks rose on Friday morning, buoyed by a string of big bank results that failed to raise hopes for a strong quarterly earnings season. The Dow Jones Industrial Average (^DJI) rose 0.2%, or about 75 points. The S&P 500 (^GSPC)…
Wells Fargo shares fell more than 1% before the bell on Friday even after fourth-quarter earnings rose from a year ago, as the bank warned that 2024 net interest income could come in much lower year-over-year. “As we look forward,…