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AST’s corporate headquarters and high-volume manufacturing facility in Midland, Texas AST & Science Special purpose acquisition company New Providence will take next-generation satellite broadband specialist AST & Science public through a SPAC deal that gives the space company an equity value of $1.8 billion, the firm announced on Wednesday. AST will list on the Nasdaq
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Getty Images The coronavirus pandemic is slamming the most vulnerable Americans, pushing many into financially precarious situations. The best way to combat the financial fragility that’s brought on by such an event is helping Americans build and maintain an emergency savings fund, according to experts. But most people need the support of the government and
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Although bitcoin has tripled in value this year, billionaire Mark Cuban remains cautious about the cryptocurrency, as he has been for years. “My thoughts haven’t changed,” Cuban told Forbes of the cryptocurrency on Dec. 8 — eight days before bitcoin hit a record high of $20,600 on Wednesday — for a story published Thursday. Bitcoin,
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A woman carries Nike shopping bags at the Citadel Outlet mall, as the global outbreak of the coronavirus disease (COVID-19) continues, in Commerce, California, U.S., December 3, 2020. Lucy Nicholson | Reuters Nike on Friday reported quarterly sales and earnings that topped analysts’ estimates, driven by triple-digit growth online in North America, and strong demand
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The Food and Drug Administration has approved Moderna‘s coronavirus vaccine for emergency use. The vaccine — the second approved for use in the U.S. behind Pfizer and BioNTech‘s — bolsters the U.S. supply of doses. The potentially lifesaving shots are desperately needed to fend off the pandemic that has taken more than 300,000 American lives
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Climate change and low-carbon solutions are impacting investors’ portfolios. Mitch Diamond | Getty Images For some advisors, embracing environmental, social, and good governance principles means more than just investing sustainably; it also means expressing their values through their practices’ corporate structures and activities. For example, BSW Wealth Partners in Boulder, Colorado, recently converted to a
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­­­­­­­­­­­­­­­­­­­New preflight testing programs are allowing a small number of Americans to have a European Christmas holiday this year after all. On Tuesday, Delta Air Lines launched a Covid-19 testing program for customers flying from Atlanta to Amsterdam, while a second program is scheduled to start on Saturday for Delta passengers flying to Rome. Unlike
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Customers arrive at an Olive Garden location in San Antonio, Texas. Callaghan O’Hare | Bloomberg | Getty Images Darden Restaurants on Friday reported quarterly revenue that fell short of analysts’ expectations as another wave of pandemic-related dining restrictions weighed on its same-store sales. Next quarter, the Olive Garden parent expects sales to worsen, plunging 30% to
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Bill Gross, co-founder of Pacific Investment Management Co. (PIMCO), and his girlfriend Amy Schwartz wear protective masks while arriving at state court in Santa Ana, California, U.S., on Monday, Dec. 7, 2020. David Swanson | Bloomberg | Getty Images Billionaire bond investor Bill Gross has a special place in his heart for the “Gilligan’s Island”
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The Securities and Exchange Commission on Thursday charged Robinhood with deceiving customers about how the stock trading app makes money and failing to deliver the promised best execution of trades. Robinhood agreed to pay a $65 million civil penalty, without admitting or denying SEC’s findings. The Silicon Valley startup, which has eventual plans to go public,
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