Rocket Lab reports record quarterly revenue, with added contract wins

In this article RKLB Follow your favorite stocksCREATE FREE ACCOUNT An Electron rocket launches from the company’s New Zealand facility on Nov. 4, 2022. Rocket Lab Rocket Lab delivered quarterly results on Wednesday that boasted record revenue, with the space company tacking on additional contract wins across its business. “The quarter ended strongly for Rocket…

Wall Street layoffs pick up steam as Citigroup and Barclays cut hundreds of workers

In this article JPM BCS C Follow your favorite stocksCREATE FREE ACCOUNT A trader, center, wears a Citigroup jacket while working on the floor of the New York Stock Exchange (NYSE) in New York. Michael Nagle | Bloomberg | Getty Images Global investment banks Citigroup and Barclays cut advisory and trading personnel this week as…

Microsoft co-founder Paul Allen’s art collection tops $1.5 billion at auction

Art handlers hold a painting titled “La montagne Sainte-Victoire” by Paul Cezanne (estimate on request: in excess of $120,000,000) during a photo call to present the highlights from the estate of the philanthropist and co-founder of Microsoft, Paul G. Allen in London on Oct. 14, 2022. Wiktor Szymanowicz | Anadolu Agency | Getty Images Christie’s…

From buy now, pay later to Venmo, here are 4 of the best ways to pay for holiday gifts

What you buy this holiday season is just as important as how you buy it. In fact, the payment method you choose at checkout can go a long way toward helping you stick to a budget, save money and stay out of debt. “The credit card is the gold standard in terms of rewards and…

How the Inflation Reduction Act Affects the Future of U.S.-EU Tax and Trade Cooperation

Over the last six months, European perceptions of the Inflation Reduction Act have been a rollercoaster. European policymakers were hopeful that the Inflation Reduction Act would implement Janet Yellen’s Pillar Two commitment at the Organisation for Economic Cooperation and Development (OECD). But hope turned to disappointment when the final text was fundamentally different from Pillar Two….

Rivian sticks to EV production target, now has 114,000 R1 preorders

In this article RIVN Follow your favorite stocksCREATE FREE ACCOUNT Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California.  Justin Sullivan | Getty Images Electric vehicle maker Rivian Automotive on Wednesday reaffirmed its 25,000-vehicle production target for 2022, but said it…

Judge rejects Walmart’s request for new trial after firing of employee with Down syndrome

Marlo Spaeth (left) was fired from Walmart in July 2015, after working there for nearly 16 years. Her sister, Amy Jo Stevenson, has been in a legal battle with the retail giant since then. She filed a discrimination complaint with the U.S. Equal Employment Opportunity Commission. Amy Jo Stevenson A federal judge has rejected Walmart’s…

Adidas warns of big earnings hit after ending Ye partnership

Kanye West at an event announcing a partnership with Adidas on June 28, 2016 in Hollywood, California. Getty Images Adidas on Wednesday cut its full-year guidance on the back of the German sportswear giant’s termination of its partnership with Kanye West’s Yeezy brand. The company ended its relationship with Ye, formerly known as Kanye West,…

Roblox shares sink after reporting bigger loss than expected

In this article RBLX Follow your favorite stocksCREATE FREE ACCOUNT The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing. NYSE Shares of Roblox closed down 21% Wednesday after the company reported a third-quarter loss but beat analyst estimates for bookings…

Binance’s rescue of FTX shows no crypto company is ‘too big to fail,’ experts say

In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Binance CEO Changpeng Zhao speaking at a press conference during Web Summit 2022. Ben Mcshane | Sportsfile | Getty Images Binance’s agreement to salvage rival cryptocurrency exchange FTX from collapse shows how no one is safe from the chill of crypto winter, according to industry…

Stocks making the biggest moves midday: Disney, Meta Platforms, Lucid Motors, Roblox and more

Disney World celebrated its 50th anniversary in April 2022. Aaronp/bauer-griffin | Gc Images | Getty Images Check out the companies making headlines in midday trading. Disney — Shares of the media giant slid more than 11% after the company’s quarterly results missed Wall Street expectations on revenue and profit, as both its parks and media…