In an exciting turn of events, the Pentagon announced the first set of winning bidders in its rocket launch contract sweepstakes. Among the successful companies was Jeff Bezos’ Blue Origin, marking their debut in this particular arena. The National Security Space Launch program, with a budget of $5.6 billion, awarded contracts to Blue Origin, SpaceX
In an era where corporate expenses are often misused and abused, one startup is aiming to revolutionize the way companies control their finances. CleverCards, a Dublin-based firm, has recently secured 8 million euros in funding to further develop its digital platform. This platform is designed to give businesses more control over how their employees use
During GameStop’s annual shareholder meeting, chaos ensued as computer servers crashed due to overwhelming interest in the stream, according to a customer service representative for the hosting company. The meeting, set to start at 11 a.m. ET, was scheduled to be hosted on ComputerShare. However, many individuals trying to access the event were met with
Recently, Keith Gill, widely known as “Roaring Kitty” in online forums, has made headlines again by increasing his ownership in GameStop’s common stock. By posting a screenshot of his E-Trade portfolio on Reddit’s Superstonk forum, it is evident that he now holds over 9 million GameStop shares and has more than $6 million in cash.
Christina Lewis, the daughter of Reginald Lewis, the founder of TLC Beatrice International, experienced a life-altering event at the tender age of 13. Her father’s sudden passing left her with not only a large fortune but also a myriad of unanswered questions. This pivotal moment marked the beginning of Lewis’s journey into the complex world
On Thursday, the CNBC Investing Club with Jim Cramer held its “Morning Meeting” livestream where they discussed key moments in the market. The day saw mixed performance in U.S. stocks, with the S&P 500 trading near record highs. The release of May’s producer price index data suggested that inflation pressures may be easing, while weekly
As Congress faces a critical decision on expiring tax breaks worth trillions of dollars, the debate over imposing higher taxes on corporations and wealthy Americans has taken center stage. Proponents of these tax hikes argue that they are crucial in addressing income inequality and reducing the federal budget deficit. Joseph Stiglitz, a professor of economics
The financial technology industry is experiencing a shift in perception, with industry insiders suggesting that the sector has hit a “bottom.” At the Money20/20 event in Amsterdam, executives and investors discussed how valuations have adjusted from unsustainable highs seen in the industry’s peak years of 2020 and 2021. Gone are the days of easy venture
Revolut, a prominent British financial technology firm, made waves in the industry with its recent announcement of relocating its official headquarters in London to Canary Wharf. The decision to move its global headquarters to the YY London building in the heart of Canary Wharf signifies a significant step for the company. By agreeing to a
Foundation Robotics Labs, a humanoid robotics startup, has been under scrutiny for making false claims and exaggerated statements regarding their relationship with General Motors (GM) and the status of their investments. The company has been seeking the last $1 million in funds for an $11 million seed round, with documents obtained by CNBC revealing that
