Month: June 2021

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Virgin Orbit to double launch rate next year, CEO says: ‘We can turn any airport into a spaceport’

The modified 737 aircraft “Cosmic Girl” lifts off from Mojave Air and Space Port in California carrying a LauncherOne rocket on June 30, 2021. Virgin Orbit Sir Richard Branson’s private space venture Virgin Orbit launched its second successful satellite mission this year on Wednesday, with CEO Dan Hart telling CNBC the company now is focused …

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LegalZoom shares jump 30% in market debut; CEO sees further opportunity in online legal services

In this article LZ LegalZoom made its market debut Wednesday, with shares opening 31% above their offer price in the company’s second attempt at going public. The online legal platform was valued at over $7.5 billion as shares soared as much as 38%. The stock opened at $36.75 per share after an initial public offering price …

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Warren Buffett and Charlie Munger: ‘We made a lot of money’ but here’s ‘what we really wanted’

Warren Buffett and Charlie Munger have been friends for over 60 years and business partners since 1978. During that time, they’ve both become billionaires while building Berkshire Hathaway into a $630 billion investment giant. But, to hear the two wealthy nonagenarians tell it, at least, all of that money wasn’t even the biggest prize of …

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Robinhood to pay $70 million for outages and misleading customers, the largest-ever FINRA penalty

Robinhood will pay roughly $70 million in penalties for its systemwide outages and misleading communication and trading practices, the Financial Industry Regulatory Authority said Wednesday. The settlement regards the technical failures Robinhood experienced in March of 2020, Robinhood’s lack of due diligence before approving customers to place options trades and purveying misleading information to customers …

Robinhood to pay $70 million for outages and misleading customers, the largest-ever FINRA penalty Read More »

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What’s the perfect amount to invest in cryptocurrencies? Financial advisors weigh in

Yuriko Nakao | Getty Images When it comes to investing in the new and highly volatile asset class of cryptocurrencies, most financial advisors have at least one piece of wisdom: Don’t put in more than you can afford to lose. But while that rule of thumb is helpful, it’s pretty general. And so advisors are …

What’s the perfect amount to invest in cryptocurrencies? Financial advisors weigh in Read More »

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‘Hamilton’ receives $30 million grant from the government’s Shuttered Venue Operators Grant program

People walk outside “Hamilton” at Richard Rodgers Theatre in Times Square on May 12, 2021 in New York City. Noam Galai | Getty Images Entertainment | Getty Images Broadway hit “Hamilton” could receive as much as $50 million from the Shuttered Venue Operators Grant program, a $16 billion federal aid program that provides pandemic relief …

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Putin reveals he had the Sputnik Covid shot as Russia struggles with its vaccine uptake

Watching a live broadcast of Russian President Vladimir Putin’s annual televised phone-in, at the newsroom of the TASS news agency. Gavriil Grigorov | TASS | Getty Images Russian President Vladimir Putin said Wednesday that he had received the Sputnik V coronavirus vaccine, as the Kremlin struggles to convince a skeptical public about the benefits of …

Putin reveals he had the Sputnik Covid shot as Russia struggles with its vaccine uptake Read More »

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Bed Bath & Beyond earnings take a hit from turnaround costs, but retailer raises 2021 sales forecast

In this article BBBY Source: Bed Bath & Beyond Bed Bath & Beyond fiscal first-quarter sales climbed nearly 50%, as the retailer’s turnaround initiatives including launching new brands and remodeling stores helped to draw in customers for everything from blenders to bath mats. The progress coming ahead of the key back-to-school shopping season was enough …

Bed Bath & Beyond earnings take a hit from turnaround costs, but retailer raises 2021 sales forecast Read More »

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Stocks making the biggest moves in the premarket: Virgin Galactic, Bed Bath & Beyond, MongoDB & more

Take a look at some of the biggest movers in the premarket: Virgin Galactic (SPCE) – The space transportation company’s stock dropped 3% in premarket trading, after Bank of America Securities double-downgraded the stock to “underperform” from “buy.” BofA notes the recent spike in the stock after the company received approval to carry passengers into …

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Buffett reflects on his first meeting with Munger: ‘I’m not going to find another guy like this’

Before Warren Buffett and Charlie Munger became known as iconic business partners, steering the Berkshire Hathaway empire, they were just two guys from Omaha, Nebraska, who, apparently, were a lot a like. They discovered that thanks to a well-known doctor in town, Dr. Edwin Davis, who told Buffett in a 1957 meeting he trusted him …

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Crypto-friendly travel site marks U.S. debut with dogecoin payment option

In this article DOGE.CM= Germany-based travel site GetYourGuide has debuted U.S. offerings and the ability to pay with dogecoin. GetYourGuide German travel booking site GetYourGuide marked its expansion into the U.S. market Tuesday with the announcement that it now accepts dogecoin for payment. The Berlin-based firm, which says it’s booked 45 million-plus tours in 170 …

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Serena Williams out after suffering ankle injury during first-round match

Serena Williams of The United States reacts as she winces in pain in her Ladies’ Singles First Round match against Aliaksandra Sasnovich of Belarus during Day Two of The Championships – Wimbledon 2021 Jed Leicester | Getty Images Sport | Getty Images Serena Williams’ bid for a record-equaling 24th Grand Slam singles crown ended in …

Serena Williams out after suffering ankle injury during first-round match Read More »

Warren Buffett says the pandemic has had an ‘extremely uneven’ impact and is not yet over

In this article BRK.A Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Legendary investor Warren Buffett said the economic consequences of the pandemic are falling disproportionately on small businesses and the unpredictability of Covid-19 is far from over. “The economic impact has been this extremely …

Warren Buffett says the pandemic has had an ‘extremely uneven’ impact and is not yet over Read More »

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Charlie Munger says he’s in love with Zoom, thinks the videoconferencing trend is here to stay

In this article ZM 6694.T-JP Charlie Munger, vice chairman of Berkshire Hathaway, revealed he is fond of Zoom, saying the videoconferencing software will keep thriving even as life goes back to normal after the pandemic. “I have fallen in love with Zoom,” Munger said during an interview with Becky Quick on CNBC’s special “Buffett & Munger: …

Charlie Munger says he’s in love with Zoom, thinks the videoconferencing trend is here to stay Read More »

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‘Thematic investing’ has skyrocketed. Here’s how to capitalize on trends that could shape the future

Jose Luis Pelaez | Getty Images Investors who want to capitalize on emerging trends — i.e., electric vehicles or remote work — may want to check out “thematic” exchange-traded funds. These ETFs provide a way for investors to engage in so-called thematic investing, which generally means buying stocks or other investments that may benefit from …

‘Thematic investing’ has skyrocketed. Here’s how to capitalize on trends that could shape the future Read More »

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Elon Musk calls rocket launch regulations ‘broken’ after aircraft delays SpaceX launch

SpaceX was seconds away from launching its 20th mission of this year Tuesday when the countdown was halted due to an aircraft entering the launch range, delaying the mission by at least a day. Elon Musk took to Twitter to voice his frustration about the delay, reiterating prior criticisms he has made about regulations around …

Elon Musk calls rocket launch regulations ‘broken’ after aircraft delays SpaceX launch Read More »

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Stocks making the biggest moves midday: Moderna, Morgan Stanley, GE and more

Boxes containing vials of the Moderna Covid-19 vaccine are stored at the Kedren Community Health Center on January 25, 2021 in Los Angeles, California. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines in midday trading. Moderna — Moderna shares surged 5.6% after the company said its Covid vaccine showed …

Stocks making the biggest moves midday: Moderna, Morgan Stanley, GE and more Read More »