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Video: South Korea Joins Space Race With First Homegrown Rocket

  • Video: South Korea Joins Space Race With First Homegrown Rocket Video: South Korea Joins Space Race With First Homegrown Rocket 1:33
    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
    Launching Into 2021's Second Half Launching Into 2021's Second Half 7:22
    Watch Chinese Astronauts' First Spacewalk Outside New Space Station Watch Chinese Astronauts' First Spacewalk Outside New Space Station 0:53
7:09 a.m. Oct. 21, 2021 - By Steve Gelsi
WeWork shares rise in trading debut after SPAC merger closesWeWork Inc. moved into positive territory on Thursday, as shares climbed 7.9% to $11.20 in their first day of public trading. The company has completed its previously announced merger with the special purpose acquisition company BowX Acquisition Corp. SoftBank, which has taken an $8.2 billion write-down for its investment in the company, currently holds a 56% equity stake in WeWork. As announced in March, the merger between BowX and WeWork valued the company at about $9 billion and provided $1.3 billion of cash to WeWork, which rents out office space to gig workers. WeWork executive chairman Marcelo Claure said SoftBank "is proud to support WeWork" and that the company "is leading one of the biggest disruptions in commercial real estate with a workspace solution that has never been more in demand."
4:09 a.m. July 12, 2021 - Barrons.com
Launching Into 2021's Second HalfBarron's reporters Carleton English, Al Root and Lisa Beilfuss break down bank earnings, inflation concerns and hawkish rhetoric from the Fed, respectively. Plus, the latest on the billionaire space race and a top tech CEO's unique take on the cloud.
4:20 a.m. June 29, 2021 - By Barbara Kollmeyer
Tesla price target cut 10% at UBS, which cites slowing China demand momentumUBS on Tuesday cut its share price on Tesla to $660 from $730, citing "several negative" factors. Analyst Patrick Hummel said while their latest consumer survey of electric vehicles (EV) was "solid across the board for Tesla, momentum in the quarters ahead is more likely in favor of competitors with a busier launch pipeline." China stood out as a worry for Hummel, who rates Tesla at neutral. "Our key concern shorter-term is that Tesla's demand momentum in China is slowing, and our checks on the ground suggest that BEVs (battery electric vehicles) from domestic brands are gaining further ground vs. Tesla, which may trigger additional pricing action by Tesla and consequently lower gross margins," he told clients in a note. The analyst said delays to the Model Y launch in Europe, Full Self-Driving (FSD) rollout and the next-generation 4680 battery in Fremont will also weigh on sentiment. To get to a better share performance, Tesla needs "new hard evidence" about its lead on the side of software/FSD. Shares of Tesla slipped 0.5% in premarket trading and are down 2.4% year to date. Also in the EV space, UBS lifted its price target on Ford to $16 from $13, and GM to $79 from $75. Those companies are rated neutral and buy, respectively.
12:11 p.m. May 24, 2021 - By Mark Decambre
Dow clinches 3rd straight gain as tech, communication-services stocks support Monday climbU.S. stock benchmarks closed solidly higher Monday, powered by a rebound in shares of technology and communication-services companies, as investors shook off concerns about out-of-control inflation to hunt for buying opportunities among assets that have been battered in the tumultuous economic recovery phase from COVID. The Dow Jones Industrial Average [: DJIA] closed up 186 points, or 0.5%, to around 34,394, marking the third straight gain for blue chips. The S&P 500 index rose 1% to 4,197, with gains in information technology, up 1.8%, and communication services, rising 1.8%, leading the charge higher for the broad-market benchmark. The tech-heavy Nasdaq Composite Index closed 1.4% higher at about 13,661. In corporate news, shares of Virgin Galactic Holdings Inc. shot up nearly 30% after the space exploration company completed its first rocket-powered flight from New Mexico to the fringe of space in a manned shuttle. Meanwhile, bitcoin rebounded from a weekend selloff and was changing hands at around $39,600 on CoinDesk from a Sunday low below $32,000.
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%.
8:32 a.m. Feb. 9, 2021 - By Michael Ashbaugh
Charting a grinding-higher breakout, S&P 500 tags latest record peak Focus: Energy sector and airlines stage tandem breakout attempt, XLE, JETS, LOW, NET, MSITechnically speaking, the major U.S. benchmarks continue to trend higher amid a bullish February start, writes Michael Ashbaugh.
8:10 a.m. Feb. 9, 2021 - By Michael Ashbaugh
Charting a grinding-higher breakout, S&P 500 tags latest record peak Focus: Energy sector and airlines stage tandem breakout attempt, XLE, JETS, LOW, NET, MSITechnically speaking, the major U.S. benchmarks continue to trend higher amid a constructive February start. Against this backdrop, each big three benchmark has concurrently registered record highs, knifing from major support to previously uncharted territory.
5:04 a.m. Jan. 29, 2021 - By Tomi Kilgore
Tesla stock gets second $1,000+ price target, from Argus ResearchThere are now two Wall Street analysts that have targets for Tesla Inc.'s stock of more than $1,000, after Argus Research's Bill Selesky boosted his target by 30% in the wake of the electric vehicle (EV) market leader's . The stock fell 0.6% in premarket trading Friday, after losing 5.4% over the past two days. Selesky reiterated his buy rating and raised his price target to $1,010 from $777. That would make him the second-most bullish on Tesla, of the 37 analysts surveyed by FactSet, behind only Oppenheimer's Colin Rusch, . Selesky said he expects EVs to account for an increasingly larger portion of auto sales, as lower costs for battery packs makes them more affordable to the average car buyer, and Tesla is the "undisputed leader" in the EV space. "We also believe that Tesla is well positioned to expand in the Chinese market and further believe that the incoming Biden Administration will offer rebates and new tax incentives to encourage consumers to buy EVs, which we think favors Tesla versus all the rest," Selesky wrote in a note to clients. The stock has soared 103.4% over the past 30 days through Thursday, while the S&P 500 has gained 14.4%.
10:33 a.m. Jan. 25, 2021 - By Ciara Linnane
Biden to reinstate travel bans amid fears about new variants as global case tally heads toward 100 million Dr. Fauci says Johnson & Johnson’s one-dose vaccine could bet emergency use authorization within two weeksThe global tally of confirmed cases of the coronavirus-borne illness COVID-19 headed closer to 100 million on Monday with the U.S. accounting for a quarter of that total, as President Joe Biden prepared to reinstate travel restrictions against foreign citizens visiting the U.S. from Brazil, the U.K, Ireland and much of the rest of Europe, as well as South Africa.
10:56 a.m. Jan. 4, 2021 - By Ciara Linnane
U.S. heads toward 21 million COVID-19 cases and 353,000 deaths as vaccine program continues to lag all targets ‘Last mile’ vaccine distribution has been far slower than required, ‘with millions of doses still sitting on the shelves,’ says Raymond James analystThe global case tally for the coronavirus-borne illness COIVID-19 climbed above 85 million on Monday, as the U.S. headed toward 21 million cases and 353,000 deaths, as the vaccine program continued to advance with fits and starts and to lag all early targets.
8:28 a.m. Dec. 8, 2020 - By Michael Ashbaugh
Charting a slow-motion breakout: S&P 500 challenges 3,700 mark Focus: Retail sector extends break to record highs, Apple sustains trendline breakout, XRT, AAPL, FFIV, SAIL, EMR, PDCOTechnically speaking, the S&P 500 has rallied to press the 3,700 mark, while the Nasdaq Composite vies to extend a more aggressive breakout, writes Michael Ashbaugh.
7:59 a.m. Dec. 8, 2020 - By Michael Ashbaugh
Charting a slow-motion breakout: S&P 500 challenges 3,700 mark Focus: Retail sector extends break to record highs, Apple sustains trendline breakout, XRT, AAPL, FFIV, SAIL, EMR, PDCOTechnically speaking, the U.S. benchmarks continue to trend higher, rising amid rotational price action, and persistent late-year strength. Against this backdrop, the S&P 500 has rallied to press its latest round-number milestone — the 3,700 mark — while the Nasdaq Composite vies to extend a more aggressive break to all-time highs.
11:00 a.m. Dec. 4, 2020 - By Ciara Linnane
CDC forecasts up to 19,500 deaths from COVID-19 in week ending Dec. 26 ‘People were less willing to change their behavior than any other day during the pandemic,’ data analyst says of Thanksgiving DayThe U.S. set yet another record for new cases and fatalities in a single day from the coronavirus illness COVID-19 and the nation’s leading public health agency said there could be up to 19,500 deaths in the week ended Dec. 26.
12:24 p.m. Nov. 13, 2020 - By Ciara Linnane
Coronavirus update: U.S. again shatters daily case record as experts worry holidays will be superspreader event ‘Unless people celebrate safely, we will see a huge increase about two weeks after Thanksgiving and then again two weeks after Christmas,’ says epidemiologist Dr. Tista GhoshThe U.S. shattered records for daily cases of the coronavirus illness COVID-19 and hospitalizations on Friday, as states and cities announced new restrictions while others warned that full lockdowns may be needed to contain the spread.
10:22 a.m. Nov. 10, 2020 - By Ciara Linnane
Coronavirus update: U.S. adds another 130,000 cases in a day: ‘This is what exponential math looks like,’ says expert Per capita new case numbers are highest in North Dakota, South Dakota, Iowa and Wisconsin, filling hospitals and raising concerns that systems will be overwhelmed The global tally of confirmed cases of the coronavirus illness COVID-19 climbed above 51 million on Tuesday with cases racing across the U.S. and Europe as more localities opted to impose restrictions on movement to curb the spread.
3:27 a.m. Oct. 29, 2020 - By Ciara Linnane
Coronavirus update: Pandemic sets record case numbers across the U.S. as White House suggests the crisis is over U.S. has counted a record 500,000 new cases in the past week, and hospitals in isolated areas of the Midwest are rapidly fillingThe coronavirus pandemic continued to set records across the U.S. on Wednesday, even as the administration of President Donald Trump touted its first-term accomplishments in a news release that suggested it had ended the crisis that has cost more than 226,000 American lives and shows no signs of abating.
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