Investing

The four RS-25 engines slated to fly on the maiden flight of NASA’s SLS rocket, at the company’s facility at NASA’s Stennis Space Center. Aerojet Rocketdyne Lockheed Martin intends to buy Aerojet Rocketdyne at a $4.6 billion equity value, a deal that adds rocket engine and spacecraft propulsion assets to the defense contractor as it
0 Comments
Supporters listen as Democratic U.S. Senate candidate Jon Ossoff speaks at a news conference in Grant Park after the election in Atlanta, Georgia, U.S. November 6, 2020. Dustin Chambers | Reuters Wall Street and Washington are operating these days on the assumption that Republicans will retain control of the Senate after at least one Republican
0 Comments
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
0 Comments
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,
0 Comments
Stock trading app Robinhood is being accused of reckless, exploitive business tactics on its young, millennial clientele. “The worst aspect of what they do clearly is they way they are gameifying the idea of investing,” Massachusetts Secretary of the Commonwealth William Galvin, who filed the compliant, told CNBC’s “Squawk Alley” Wednesday. “This is a very
0 Comments
CNBC’s Jim Cramer urged Congress on Tuesday to quickly pass another piece of coronavirus stimulus legislation, saying key parts of the economy need help until Covid-19 vaccines are widely administered. “We are so close to getting this economy back on track, but these places that close, they can’t flip a switch and open again. That’s
0 Comments
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., gestures while speaking during a Bloomberg Television interview at the JPMorgan Global Markets Conference in Paris, France, on Thursday, March 14, 2019. Christopher Morin | Bloomberg | Getty Images JPMorgan Chase has a set of policy recommendations for ways President-elect Joe Biden can prevent a
0 Comments
SpaceX’s Crew Dragon Endeavour seen docked with the International Space Station on July 1, 2020. NASA Morgan Stanley held its annual space summit virtually this year due to the coronavirus pandemic, but analyst Adam Jonas told CNBC that hundreds of investors and observers participated in the event on Tuesday as interest in the space industry
0 Comments
CNBC’s Jim Cramer said Wednesday he believes there is “rabid money” interested in upcoming technology IPOs, but he urged young investors not to chase after DoorDash once the third-party delivery company goes public. “When people know the brand, the younger inventors just say, ‘You know what, get me some,'” Cramer said on “Squawk on the Street,” “DoorDash
0 Comments
Adam Jeffery | CNBC Wealthfront has named former Federal Deposit Insurance Corporation head Sheila Bair and ex-Comptroller of Currency Thomas Curry to an advisory group created to help the fintech firm push further into financial services, CNBC has learned. Bair is best known for steering the FDIC through the 2008 financial crisis, pushing back against
0 Comments
Treasury Secretary Steven Mnuchin listens to a question during a House Financial Services Committee hearing on “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response” in the Rayburn House Office Building in Washington, December 2, 2020. Greg Nash | Pool | Reuters The decision by Treasury Secretary Steven Mnuchin not to extend the funding
0 Comments