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Watch: William Shatner Launches Into Space Aboard Blue Origin Flight

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    Russia Sends Film Crew to Space to Make Movie, Ahead of Tom Cruise, NASA Russia Sends Film Crew to Space to Make Movie, Ahead of Tom Cruise, NASA 1:41
    Watch: SpaceX Capsule With 4 Civilians Splashes Down to Earth Watch: SpaceX Capsule With 4 Civilians Splashes Down to Earth 1:45
    China's Tiangong vs. International Space Station: Tech, Design Unpacked China's Tiangong vs. International Space Station: Tech, Design Unpacked 6:55
3:36 a.m. Oct. 19, 2021 - By Tonya Garcia
Toymaker Spin Master creates venture armSpin Master Corp. announced the creation of a venture arm, Spin Master Ventures, that will make minority investments in the company's three core areas: toys, entertainment and digital games. The company will start by allocating $100 million to the venture group and focus on North America and Europe initially. The company has already made an investment in Nørdlight, a Stockholm-based mobile games company with more than 50 years of experience, and Hoot Reading, and online live tutoring service. "Spin Master Ventures will establish us as the partner of choice for entrepreneurs looking for capital to start and grow a business in the kids' space and will complement our acquisition strategy as well as bolster our product development pipeline," said Ronnen Harary, Spin Master co-founder and board chair, in a statement. Spin Master stock has gained 45.3% for the year to date while the S&P 500 index is up 19.5% for the period.
4:19 a.m. Oct. 13, 2021 - By Tonya Garcia
Lowe's launches advertising services networkLowe's Cos. announced the launch of the Lowe's One Roof Media Network, an advertising service. Lowe's will offer clients ad space on its website and app, space on the home retailer's social media channels, trend and other customer research and more. Samsung and Kohler are among the 100 companies that have already tried the network in beta testing. Lowe's stock has gained 30.7% for the year to date while the S&P 500 index is up 15.8% for the period.
5:00 a.m. Sept. 30, 2021 - By Steve Gelsi
Built Technologies valued at $1.5 billion in venture roundBuilt Technologies said Thursday it secured $125 million in Series D financing in a deal that values the Nashville-based construction finance technology company at $1.5 billion. TCV led the round, along with Brookfield Technology Partners, 9Yards Capital, XYZ Venture Capital and HighSage Ventures. Built Technologies CEO Chase Gilbert said the company drew strong interest from investors. Woody Marshall, lead investor at TCV and a new board member at Built Technologies, said the company "has achieved broad market penetration in the notoriously tough construction finance space." At last check, the company has financed more than $135 billion in construction value since it launched in 2015. Existing investors Addition, Index Ventures, Canapi Ventures, GreenPoint Partners, Nine Four Ventures, Fifth Wall, Goldman Sachs and Nyca Partners also took part in the latest investment round.
2:47 a.m. Sept. 15, 2021 - By Ciara Linnane
Coronavirus tally: Global cases of COVID-19 near 226 million and Alaska is latest state to ration care The global tally for the coronavirus-borne illness climbed above 225.8 million on Wednesday, while the death toll rose to 4.65 million, according to . The U.S. continues to lead the world with a total of 41.4 million cases and 663,936 deaths. Alaska has joined Idaho in announcing one major hospital is operating under "crisis standards of care," because it is overwhelmed with COVID-19 patients, In Alabama, all ICU beds are occupied, and hospitals in other southern states are also dangerously low on space. The U.S. is still recording about 1,500 deaths from COVID every day, the most since winter, and cases are averaging more than 152,000. India is second by cases after the U.S. at 33.3 million and has suffered 443,497 deaths. Brazil has second highest death toll at 587,797 and 21 million cases. In Europe, Russia has most fatalities at 191,566, followed by the U.K. at 134,774.
5:27 a.m. Sept. 9, 2021 - By Tonya Garcia
Tyson Foods launching Hillshire Farm snacks for kidsTyson Foods Inc. said Thursday that it's jumping into the kids snack space with the launch of Hillshire Farm Snacked! The snack packs are designed to be on-the-go and come in four flavors including Pepperoni with Confetti Cake Bites and Mini String Cheese and Salami with Pretzel Rods and Monterey Jack Cheese. Hillshire Snacking for adults launched in 2016 and has grown 20% year-over-year since 2017, the company said. The Tyson and Jimmy Dean brands also sell protein snacks. Tyson stock is up 18.2% for the year to date while the benchmark S&P 500 index has gained 20.2% for the period.
6:38 a.m. Aug. 25, 2021 - By Tomi Kilgore
Rocket Labs stock tumbles on first day under new name, tickerThe company now named Rocket Lab USA Inc. didn't get a warm reception on Nasdaq, even after Chief Executive Peter Beck rang the Nasdaq's Opening Bell, as the between special purpose acquisition company (SPAC) Vector Acquisition Corp., with a previous ticker of "VACQ," and Rocket Lab was completed. Shares of the spacecraft and rockets builder, under the new ticker symbol "RKLB," tumbled 11.7% in morning trading, after they soared 15.6% over the past three days to close Tuesday at the highest price since March 31. Rocket Lab said Wednesday that it will receive $777 million in proceeds as the merger is completed, which it plans to use to accelerate growth in its space systems business. Meanwhile, shares of space travel company Virgin Galactic Holdings Inc. slipped 0.6% in morning trading, while the Nasdaq Composite gained 0.1% toward a record and the S&P 500 tacked on 0.1%.
3:30 a.m. Aug. 23, 2021 - By Tomi Kilgore
Virgin Orbit to go public valued at $3.2 billion through merger with SPAC NextGen Acquisition Corp. IIVirgin Orbit is set to go public, as the launch and space solutions company announced Monday a merger agreement with special purpose acquisition company (SPAC) NextGen Acquisition Corp. II in a deal that values Virgin Orbit at about $3.2 billion. The deal is expected to provide the combined company with proceeds of $483 million in cash. Once the deal closes, which is expected to occur around the end of the year, the company will be named Virgin Orbit and the stock is expected to list on the Nasdaq exchange under the ticker symbol "VORB." NextGen's stock, which started trading in May, rallied 3.9% in premarket trading Monday. Virgin Orbit's current shareholders consist of Richard Branson's Virgin Group, which is also involved in Virgin Galactic Holdings Inc. , and Mubadala Investment Co., as well as management and employees. Boeing Co. has committed to invest in Virgin Orbit, according to . NextGen's stock has edged up 0.1% over the past three months while the S&P 500 has gained 6.9%.
4:15 a.m. Aug. 12, 2021 - By Tomi Kilgore
Workhorse stock rises after pilot program to use drones to support NRCS supervisory effortsShares of Workhorse Group Inc. rose 2.5% in premarket trading Thursday, after the provider of "drone-integrated electric vehicles" announced a pilot program with the U.S. Department of Agriculture's Natural Resources Conservation Service (NRCS). Workhorse said the pilot program is to demonstrate its ability to provide small Unmanned Aerial Systems (sUAS) as a service to support NRCS's supervisory efforts in Mississippi. "Engaging in this pilot agreement with the NRCS is the first step in expanding our footprint beyond package delivery and the last mile delivery space," said John Graber, Workhorse president of aerospace. "Our sUAS technology presents opportunities to diversify our product offerings as well as our potential customer base." The stock has rallied 27.4% over the past three months through Wednesday but has tumbled 50.5% year to date, while the S&P 500 has gained 9.5% the past three months and rallied 18.4% this year.
4:52 a.m. Aug. 3, 2021 - By Tomi Kilgore
Expeditors beats earnings expectations, sees logistics challenges remaining for rest of the yearExpeditors International of Washington Inc. reported Tuesday second-quarter profit and revenue that rose well above expectations, and said logistics challenges are likely to remain through the rest of the year while demand is expected to remain robust. The airfreight and ocean freight company's stock was still inactive in premarket trading. Net income rose to $316.4 million, or $1.84 a share, from $183.9 million, or $1.09 a share, in the year-ago period. The FactSet consensus for earnings per share was $1.63. Revenue increased 49.7% to $3.61 billion, above the FactSet consensus of $3.40 billion. Cost of transportation and other expenses rose 56% to $2.60 billion. "Robust demand is bumping up against capacity constraints in the air and ocean markets, all of which is made more challenging by limited warehouse space, staffing constraints, port congestion, equipment dislocations, and driver shortages, not to mention additional disturbances such as the closure of the Yantian port due to a COVID-19 outbreak in May or the blockage of the Suez Canal back in March," said Chief Executive Jeffrey Musser. "While we remain optimistic that conditions will improve over time, we are unable to predict when that might take place, or how even the recovery might be, and we believe that demand will likely continue to outstrip capacity in both air and ocean for the near term, keeping buy/sell rates unsettled for at least the duration of 2021." The stock has rallied 12.0% over the past three months, while the Dow Jones Transportation Average has dropped 8.0% and the Dow Jones Industrial Average has gained 2.1%.
4:15 a.m. Aug. 3, 2021 - By Jaimy Lee
Sanofi to buy mRNA developer for $3.2 billionShares of Translate Bio Inc. soared 29.8% in premarket trading on Tuesday after Sanofi said it will spend $3.2 billion to buy the developer of messenger RNA (mRNA) technologies. The U.S.-listed shares of Sanofi were down 0.1% in premarket trade. "A fully owned platform allows us to develop additional opportunities in the fast-evolving mRNA space," Sanofi CEO Paul Hudsons said in a statement. Investors are paying much closer attention to mRNA developments since the mRNA COVID-19 vaccines developed by Moderna Inc. and BioNTech SE /Pfizer Inc. have been authorized. Sanofi and Translate are also developing a mRNA COVID-19 vaccine; the experimental shot is currently in a Phase 1/2 clinical study. "Given the early stage of TBIO's platform, and the company's recent pivot into vaccines, the deal terms strike us as favorable for SNY and fair for TBIO," SVB Leerink's Geoffrey Porges told investors on Tuesday. So far this year, Translate's stock has gained 58.1% and Sanofi is up 5.5%. The S&P 500 has gained 17.0%.
1:37 p.m. July 23, 2021 - By Claudia Assis
SpaceX wins NASA contract to be part of Jupiter's moon programSpace Exploration Technologies Corp., or SpaceX, won a $178 million NASA contract to provide launch services for the first mission to Jupiter's moon Europa. The mission, called Europa Clipper, will launch in October 2024 on a Falcon Heavy rocket from the NASA's Kennedy Space Center in Florida, NASA said. The goal is to "conduct a detailed survey of Europa and use a sophisticated suite of science instruments to investigate whether the icy moon has conditions suitable for life." Privately held Space X is led by Tesla Inc. Chief Executive Elon Musk.
5:28 a.m. July 22, 2021 - By Tonya Garcia
Macy's names CVS vet as Bluemercury CEOMacy's Inc. has named Maly Bernstein chief executive of the Bluemercury chain of beauty shops, effective September 13. Bernstein will be based out of the Bluemercury headquarters in Bethesda, Md. and report to Tony Spring, chief executive of Bloomingdale's. Bernstein was most recently vice president of e-commerce at CVS Health Corp. and has executive experience in the beauty and personal care space. Bernstein succeeds Marla Beck, who has moved on to pursue other opportunities. Macy's stock has rallied 56.3% for the year to date while the S&P 500 index has gained 16% for the period.
3:52 a.m. July 12, 2021 - By Tomi Kilgore
Virgin Galactic stock shoots higher after successful flight to suborbital spaceShares of Virgin Galactic Holdings Inc. shot up 6.0% in premarket trading Monday, a day after Founder Richard Branson and five crewmates successfully flew rocket-powered spaceplane. In a live-streamed flight on Sunday, the Unity crew before returning to earth. "Space is for all humanity, which is why we're giving YOU the chance to win 2 seats on one of the first @virgingalactic flights to space now!", . Truist analyst Michael Ciarmoli reiterated his buy rating and $50 stock price target, saying the successful completion of the Unity flight was a "significant milestone" for the company. "Near-term, we expect that publicity around the commencement of SPCE's commercial space tourism operations could also benefit from sweepstakes announced on Sunday, offering a chance to win two tickets on one of the company's earliest flights open to customers," Ciarmoli wrote in a note to clients. Virgin Galactic's stock has soared 107.3% year to date through Friday, while the S&P 500 has gained 16.3%.
3:51 a.m. June 21, 2021 - By Ciara Linnane
WeWork offers business update showing occupancy improved in MayOffice-sharing company WeWork, which had a spectacular failed IPO attempt in 2019 and is now planning to hit public markets via a merger with a special purpose acquisition corporation (SPAC), offered a business update on Monday and said total occupancy stood at 53% as of May, up three percentage points from March. "As vaccine distribution expands, global restrictions ease, and companies begin to action their hybrid return-to-work strategies, WeWork continues to see an improvement in leading indicators such as desk sales, churn rates and occupancy across its portfolio," the company said in a statement. WeWork was hit especially hard by the coronavirus pandemic as most workers started working from home and demand for its service evaporated. The company's real estate portfolio now comprises 767 locations across 38 countries, supporting 947,000 work stations and 505,000 total memberships. Gross desk sales came to about 39,000 in May, up from 33,000 in April. That is equal to about 4.3 million square feet of signed space in the quarter to date, marking the best two-month performance since September of 2019. The company continued to work to optimize its real estate portfolio and cost structure through lease amendments and building exits. Its IPO documents in 2019 showed it had about $50 billion in long-term leases, most without early termination provisions. "Since March, the company has completed an additional 17 exits and 51 amendments and expects to be substantially complete with its optimization efforts by the end of June," said the statement.
10:18 a.m. June 5, 2021 - By Quentin Fottrell
My husband of 30 years hid income with his mother’s help. When confronted he said, ‘I’m a liar. I’ve been doing this for 10 years!’ ‘I want to protect the last of my inheritance and two money-market accounts currently in my name’‘I want to protect the last of my inheritance and two money-market accounts currently in my name.’
5:51 p.m. May 25, 2021 - By Quentin Fottrell
Why are ‘Karens’ so angry? Such incidents have not gone away. Instead, they’ve become another depressingly ubiquitous feature of modern lifeSuch incidents have not gone away. Instead, they’ve become another depressingly ubiquitous feature of modern life.
5:31 a.m. May 23, 2021 - By Quentin Fottrell
Our neighbor’s car damaged our house. She begged us not to report it. Now she needs to borrow money, and is nickel-and-diming our contractor ‘Louise came to our house to lament that she would need to borrow from her sister and Ada in order to even pay the $1,000’‘Louise came to our house to lament that she would need to borrow from her sister and Ada in order to even pay the $1,000’
3:27 a.m. May 20, 2021 - By Tomi Kilgore
Virgin Galactic stock soars after confirming SpaceShipTwo Unity test flight this weekShares of Virgin Galactic Holdings Inc. soared 14.9% in premarket trading Thursday, putting them on track for a fifth straight gain, after the aerospace and space travel company confirmed that the next test flight of SpaceShipTwo Unity will be conducted on May 22. The test flight will be subject to weather and technical checks. The confirmed test comes after the completion of a maintenance review of VMS Eve, which is the "mothership" jet aircraft that will carry SpaceShipTwo to an altitude of 50,000 feet. The stock has jumped 11.4% amid a four-day win streak through Wednesday, after closing at an 11-month low of $15.50 on May 13. It has tumbled 66.3% over the past three months through Wednesday, while the S&P 500 has gained 5.4%.
4:28 a.m. May 4, 2021 - By Jaimy Lee
Moderna to boost COVID-19 vaccine production at Massachusetts site by 50%Shares of Moderna Inc. were down 0.3% in premarket trading on Tuesday after the company said it will double the size of its manufacturing space at its facility in Norwood, Mass., essentially allowing for a 50% increase in the production of its COVID-19 vaccine there. Moderna now aims to produce between 800 million and 1 billion doses of its COVID-19 vaccine in 2021 and up to 3 billion doses in 2022. It also said its other products, all currently in development, can be produced at that site. "We believe that this investment and expansion at our technology center will allow us to continue to optimize our mRNA products as we explore new pharmaceutical delivery forms such as prefilled syringes and lyophilized products," Moderna CEO Stéphane Bancel said in a news release. Moderna's stock has rallied 78.0% since the start of the year, while the broader S&P 500 is up 11.6%.
3:41 a.m. April 29, 2021 - By Tomi Kilgore
CenterPoint Energy stock gains after $2.15 billion deal to sell Arkansas, Oklahoma gas assetsShares of CenterPoint Energy Inc. gained 0.3% in premarket trading Thursday, after the Texas-based electric and gas utility announced a deal to sell its Arkansas and Oklahoma natural gas local distribution company (LDC) assets for $2.15 billion in cash to Summit Utilities. The assets include about 17,000 miles of pipeline. CenterPoint said the proceeds from the sale include $1.725 billion in cash and $425 million in cash unrecovered storm costs. "This valuation represents a landmark multiple for the LDC space and is a clear testament of the premium utility assets in these two jurisdictions," said CenterPoint Chief Executive Dave Lesar. The stock has gained 10.6% year to date through Wednesday, while the SPDR Utilities Select Sector ETF has tacked on 4.6% and the S&P 500 has advanced 11.4%.
10:50 a.m. April 17, 2021 - By MarketWatch
These money and investing tips can help you stay upright against the market’s headwindsThese money and investing stories were popular with MarketWatch readers over the past week.
12:30 p.m. April 16, 2021 - By Claudia Assis
Elon Musk's SpaceX wins $2.9 billion NASA moon landing contract Privately held Space Exploration Technologies Corp., or SpaceX, was selected by NASA on Friday to move forward in developing a human landing system to carry the next two U.S. astronauts to the moon "and pave the way for sustainable lunar exploration." That's under NASA's Artemis program, which aims to return humans on the moon, collaborating with commercial and international partners, and eventually send astronauts to Mars. Elon Musk is chief executive on SpaceX as well as Silicon Valley electric-car maker Tesla Inc. SpaceX in February announced plans to send later this year on a mission to raise awareness for a children's hospital. Last month, the company's prototype Mars rocket Starship
4:26 a.m. April 10, 2021 - By Quentin Fottrell
‘What the hell!’ I’m 28, have no debt, a 401(k), Roth IRA and $45K in cash. Should I save for a house or buy a Tesla Model 3? ‘I believe I can buy the car and strap down, and save more aggressively to replenish the funds’‘I believe I can buy the car and strap down, and save more aggressively to replenish the funds.’
6:57 a.m. April 4, 2021 - By Quentin Fottrell
I’m dating a married man. He made me the beneficiary on a $100K life-insurance policy. Could his wife sue to claim this money? ‘Although we both care greatly for each other, our relationship started as and remains a mutually beneficial one: money for me, companionship for him’‘Although we both care greatly for each other, our relationship started as and remains a mutually beneficial one: money for me, companionship for him.’
3:50 a.m. April 1, 2021 - By Tonya Garcia
Funko shares jump after acquisition launches the toy company into the NFT marketFunko Inc. shares jumped 13% in Thursday premarket trading after the toy and collectible company acquired a majority ownership stake in TokenWave, the company behind the TokenHead app and website that tracks non-fungible token (NFT) holdings. TokenHead is available on Android and iOS devices, currently displays more than 10 million NFTs and has more than 100,000 visits per day. Funko, known for its Pop dolls with oversized heads, will launch its NFT offerings in June, with a new one introduced each week at a starting price of $9.99. "Our strategy in this space is clear - bring the value-added NFT opportunity to our licensing partners to leverage our broad range of existing pop culture content across television, movies, sports, music, anime, video games and comic books," said Brian Mariotti, Funko's chief executive in a statement. Funko stock has skyrocketed 89.6% over the past three months, and is up nearly 414% over the last year. The S&P 500 index has gained 60.8% over the last 12 months.
3:44 a.m. March 30, 2021 - By Ciara Linnane
Virgin Galactic unveils VSS Imagine with design that allows it to mirror its surroundings as it travels to space from earthVirgin Galactic Holdings Inc. unveiled the first SpaceShip III in its fleet called VSS Imagine, which it said has a "breakthrough" livery design that allows it to mirror its surrounding environment as it moves so space from earth. The new ship will start ground testing and glide flights this summer from Spaceport America in New Mexico. At the same time, the company will start work on VSS Inspire, the second SpaceShip III vehicles. Virgin Galactic is aiming to fly 400 flights a year. Shares were down 0.9% premarket, but have gained 23% in the year to date, while the S&P 500 has gained 6%.
11:51 a.m. March 29, 2021 - By Alicia H. Munnell
Critics leap on aid to multiemployer pension plans COVID-19 did not cause multiemployer woes, but the help is long overdue COVID did not cause multiemployer woes, but the help is long overdue
2:23 a.m. March 26, 2021 - By Tomi Kilgore
WeWork to go public through merger with BowX Acquisition: WSJWeWork will be going public after the flexible office space company has agreed to merge with special purpose acquisition company BowX Acquisition Corp. in a deal valuing WeWork at $9 billion, including debt, according to . BowX shares rallied 4.8% in premarket trading. WeWork would raise $1.3 billion in the deal, including $800 million in private investment in public equity (PIPE) from Insight Partners, funds managed by Starwood Capital Group, Fidelity Management and others, the WSJ report said. In 2019, an investment from Japan-based technology investor Softbank Group Corp. had valued WeWork at $47 billion, the report said. An through a more traditional public offering had failed, as Adam Neueman resigned as chairman and chief executive and as WeWork closed locations and slashed its workforce as the COVID-19 pandemic sapped demand for office space. The WSJ had that WeWork was in talks with a SPAC associated with Bow Capital. BowX's stock, which went public in October 2020, has lost 5.1% year to date through Thursday, while the Renaissance IPO ETF has shed 6.4% and the S&P 500 has gained 4.1%.
8:35 a.m. March 24, 2021 - Barrons.com
Voyager CEO's View From SpaceDylan Taylor, chairman & CEO of Voyager Space Holdings, discusses the billionaire space race and the future of interplanetary travel.
3:02 a.m. March 24, 2021 - By Tomi Kilgore
Hall of Fame Resort, Dolphin Entertainment stocks nearly double after NFT partnershipShares of both Hall of Fame Resort & Entertainment Co. and Dolphin Entertainment Inc. nearly doubled in premarket trading Wednesday, after companies signed a partnership to offer non-fungible tokens (NFTs). Hall of Fame Resort (HOFV) said late Tuesday that the partnership with Dolphin will allow professional football and sports entertainment fans to buy and sell exclusive content developed by HOFV and its partners. "We are thrilled to be partnering with Dolphin, an emerging thought leader in the NFT market, to accelerate our entry into the space," said HOFV Chief Executive Michael Crawford. "This partnership will provide us with another opportunity to unlock additional value from the one-of-a-kind media projects we have in development." HOFV shares soared 95.5% ahead the open, and Dolphin's stock shot up 86.7%, after rocketing 236.3% on Tuesday following an announcement that the entertainment marketing and content development company had . Dolphin's stock has run up 439.1% year to date through Tuesday and HOFV shares have climbed 227.6%, while the S&P 500 has gained 4.1%.
7:01 a.m. March 22, 2021 - By Riley Adams
Investing in real estate during COVID-19 Investment opportunities will come after the pandemic passesInvestment opportunities will come after the pandemic passes
11:48 a.m. March 17, 2021 - By Quentin Fottrell
My father’s divorce decree says his kids will inherit his house — but he later put it in a trust for his third wife. Which one wins out? ‘My father says he feels very guilty about the entire situation.’‘My father says he feels very guilty about the entire situation.’
3:33 a.m. March 17, 2021 - By Tomi Kilgore
Virgin Galactic gets a bullish endorsement from Truist analyst, with the price target implying a 54% gainVirgin Galactic Holdings Inc. has a new top bull on Wall Street, after Truist analyst Michael Ciarmoli started coverage of the spaceflight company Wednesday with a buy rating and $50 stock price target. Ciarmoli's target is now the highest of the 10 analysts surveyed by FactSet, and well above the average target of $38.50. His target is 53.8% above Tuesday's stock closing price of $32.51. The stock fell 3.0% in premarket trading, after dropping 6.6% on Tuesday to snap a 5-day win streak. "We see several near-term catalysts for the shares as the company demonstrates its capabilities through a series of testing activities planned during 2021, and believe that once commercial operations commence (likely in our view in early 2022), demand will significantly exceed supply, providing the company with pricing leverage and enabling margin accretion as the company scales its operations," Ciarmoli wrote in a note to clients. "Ultimately we believe [Virgin Galactic] can capture at least 50% of the global space tourism [total available market (TAM)] by 2030." The stock has soared 156.8% over the past 12 months, while the S&P 500 has advanced 56.7%.
1:26 p.m. March 13, 2021 - By Alison Fottrell
‘We are weary’: Life in Italy, one year after national lockdown to stop the spread of COVID-19 ‘The presence of increased police patrols in a crowded square in Como on a recent Saturday evening is further evidence of a developing social malaise that needs to be kept in check’‘The presence of increased police patrols in a crowded square in Como on a recent Saturday evening is further evidence of a developing social malaise that needs to be kept in check.’
10:22 a.m. March 7, 2021 - By Quentin Fottrell
My husband and his brother inherited a property. Our son moved in. We paid $60K in taxes and repairs. Do we split it 50/50? ‘The house is probably 90 years old, and needed quite a lot of work before they could move in’‘The house is probably 90 years old, and needed quite a lot of work before they could move in.’
2:58 a.m. March 1, 2021 - By Tomi Kilgore
Space data collection company Spire Global to go public through merger with SPAC NavSight HoldingsShares of NavSight Holdings Inc. rallied 6.4% in premarket trading Monday, after the special purpose acquisition company (SPAC) announced a merger that will take space-based data and analytics company Spire Global Inc. public. The deal, which is expected to close in summer 2021, values the combined company at $1.6 billion, and is expected to provide about $475 million in proceeds. Spire uses a constellation of nanosatellites called LEMUR (low earth multi-use receiver) to collect space-based data. The company uses "space-as-a-service" business model. Once the deal closes, the stock will list on the NYSE under the ticker symbol "SPIR." "[O]ur proprietary data and solutions help customers solve some of earth's greatest challenges, including Net Zero and Climate Change adaptation," said Spire Chief Executive Peter Platzer. NavSight's stock, which went public in November, has gained 6.4% over the past three months through Friday, while the Renaissance IPO ETF has advanced 7.1% and the S&P 500 has tacked on 4.1%.
2:44 a.m. March 1, 2021 - By Tomi Kilgore
Rocket Lab to go public in merger with SPAC Vector Acquisition, valuing company at $4.1 billionRocket Lab USA Inc. announced Monday it will be going public through an acquisition by special purpose acquisition company (SPAC) Vector Acquisition Corp. , in a deal that values the launch and space systems company at $4.1 billion. Vector Acquisition's stock soared 20.5% in premarket trading. After the merger closes, which is expected to occur in the second quarter of 2021, the company will be named Rocket Lab USA Inc. and the stock will trade on the Nasdaq under the ticker symbol "RKLB." The companies expect to have a cash balance of $750 million after the deal closes. Separately, Rocket Lab unveiled its medium-lift Neutron rocket, a reusable launch vehicle with an 8-ton payload lift capacity, to be used for mega constellations, deep space missions and human spaceflight. "Not only are we the leader in small launch, we are the second most frequently launched rocket in the U.S. annually and the fourth most frequent launcher globally," said Chief Executive Peter Beck. Vector Acquisition's stock, which went public in November, has gained 2.8% over the past three months, while shares of spaceflight services company Virgin Galactic Holdings Inc. have run up 31.3% and the S&P 500 has gained 4.1%.
10:05 a.m. Feb. 26, 2021 - By Riley Adams
How to invest in real estate during COVID Prepare for the investment opportunities to come after the pandemic passesPrepare for the investment opportunities to come after the pandemic passes
6:52 a.m. Feb. 18, 2021 - By Jaimy Lee
Retractable Technologies gets $54 million to supply syringes to the U.S. for COVID-19 vaccinationRetractable Technologies Inc. said in a securities filing on Feb. 16 that it was awarded a $54.2 million contract from the federal government. to supply low dead space safety syringes. These types of syringes are used to extract an extra dose from the vials of BioNTech SE and Pfizer Inc.'s COVID-19 vaccine. The contract amount includes payment for the products and transporting them over a five-month period. It also includes options that could increase the value of the contract to $92.7 million. Retractable's stock has rallied 987.4% over the past 12 months. The broader S&P 500 is up 16.3%.
5:52 a.m. Feb. 15, 2021 - By Catey Hill
I’ll have $10,000 a month to spend and prefer a city with beautiful outdoors, warm weather and lots of culture — so where should I retire? Looking for ideas on the best place for you to retire? Email HelpMeRetire@marketwatch.comAnd she wants it to be cheaper than Chicago.
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