A medical worker holds a Moderna COVID-19 vaccine vial on the first day that Orange County residents 65 and older are able to be vaccinated at a drive through site at the Orange County Convention Center on December 29, 2020 in Orlando, Florida. Paul Hennessy | NurPhoto | Getty Images …
Read More »Mega Millions jackpot jumps to $432 million. What to do if you win
mphillips007 | iStock Unreleased | Getty Images The Mega Millions jackpot has surged higher. After no ticket matched all six numbers drawn on Friday, the top prize is now $432 million for the next drawing on Tuesday night. Powerball’s jackpot is at $384 million for Saturday night’s drawing. While the …
Read More »New York Mayor de Blasio wants to immunize 1 million residents in January
A worker of the New York City Fire Department Bureau of Emergency Medical Services (FDNY EMS) receives a COVID-19 Moderna vaccine, amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., December 23, 2020. Carlo Allegri | Reuters New York City officials want …
Read More »AMC hopes to raise $125 million in fresh funding round as it fights bankruptcy
People walk outside the newly boarded AMC 34th Street 14 movie theater as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 4, 2020 in New York City. Noam Galai | Getty Images Movie theater chain AMC is hoping to raise …
Read More »U.S. needs to vaccinate 3 million people per day to hit goal
Dr. Carlos del Rio warned “The News with Shepard Smith” that the effort to vaccinate Americans needs to “change dramatically,” as the United States missed its vaccination goals two weeks after Americans started receiving shots. “If we’re going to get to have every single American who needs a vaccine and …
Read More »U.S. to fall short of goal to vaccinate 20 million by year’s end
With only a few days to go, the United States will likely fall short of its goal to vaccinate 20 million Americans by the year’s end as the nation embarks on what will be a historic campaign to inoculate hundreds of millions of people against the coronavirus by the middle …
Read More »U.S. has vaccinated 1 million people out of goal of 20 million for December
Michael Girard recieves the Covid-19 vaccine with the first batch of Moderna’s vaccine at Hartford hospital in Hartford, Connecticut on December 21, 2020. arrival of the vaccine. Joseph Prezioso | AFP | Getty Images Just over 1 million people in the U.S. have received their first dose of the coronavirus …
Read More »Trump health officials discuss Covid vaccines after U.S. administers first 1 million shots
[The stream is slated to start at 3:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Officials from the Health and Human Services Department and Pentagon are holding a joint briefing Wednesday on the Trump administration’s Covid-19 vaccine program Operation Warp …
Read More »Peloton to acquire fitness equipment maker Precor for $420 million
Peloton shares soared Monday after the company announced it plans to acquire the exercise equipment manufacturer Precor for $420 million, in a bid to speed up production of its cycles and treadmills and meet its promised delivery windows. Its stock jumped more than 8% in after-hours trading. Demand for Peloton’s …
Read More »150 million people to shop Saturday before Christmas
People look at the holiday decorations in the window displays at the Country store on Main Street in Stockbridge, Massachusetts on December 13, 2020. Joseph Prezioso | AFP | Getty Images Procrastinators still abound this holiday season, a new survey finds, despite retailers ranging from Target to Best Buy trying …
Read More »GM leads $23 million investment in on-demand maintenance service Yoshi
GM Ventures is leading a $23 million investment round into on-demand car maintenance service Yoshi. Yoshi General Motors is leading a $23 million funding round for an on-demand car maintenance service called Yoshi. It’s the second time GM’s venture capital arm has invested in the Silicon Valley start-up since 2018. …
Read More »U.S. plans to ship 6 million Moderna doses once FDA gives OK
This creative image taken in a studio in Paris on November 16, 2020, showing a syringe and a vaccine vial with the reproducted logo of a US biotech firm Moderna, illustrates the announcement of an experimental vaccine against Covid-19 from Moderna that would be nearly 95% effective, marking a second …
Read More »Pfizer negotiating with U.S. to provide an additional 100 million doses, CEO says
Pfizer CEO Dr. Albert Bourla said the company is negotiating with the federal government to provide an additional 100 million Covid-19 vaccine doses next year as Americans will receive some of the first shots Monday. Pfizer and the U.S. are working out the details on timing, Bourla told CNBC’s “Squawk Box” …
Read More »How baseball cards became a million dollar alternative investment
Packs of 2019 Topps cards spread out across a table. Sam Rega Interest in collecting and values have seen a steady uptick for the last decade with prices really starting to rise at quicker rate somewhere around 2016 or 2017. With the onset of the pandemic at the beginning of …
Read More »AMC secures $100 million investment but bankruptcy concerns still loom
Street performers in Minnie Mouse costumes pass in front of an AMC movie theater at night in the Times Square neighborhood of New York, Oct. 15, 2020. Amir Hamja | Bloomberg | Getty Images The largest theater chain in the world just got a $100 million shot in the arm. …
Read More »General Electric agrees to pay $200 million SEC fine for misleading investors
Larry Culp, CEO, General Electric Scott Mlyn | CNBC The Securities and Exchange Commission has fined General Electric $200 million to settle charges for misleading investors regarding its power and insurance businesses. The SEC said it found that GE misled investors in 2016 and 2017 about the source of profit …
Read More »U.S. plans to ship 2.9 million Covid doses as early as the end of this week
General Gustave Perna, chief operating officer for the Defense Department’s Project Warp Speed, speaks during an Operation Warp Speed vaccine summit at the White House in Washington, D.C., U.S., on Tuesday, Dec. 8, 2020. Al Drago | Bloomberg | Getty Images U.S. officials said the federal government plans to start …
Read More »SpaceX Starlink wins nearly $900 million in FCC subsidies auction
SpaceX deploys 60 Starlink satellites in orbit. SpaceX The Federal Communications Commission awarded Elon Musk’s SpaceX with nearly $900 million worth of federal subsidies to support rural broadband customers through the company’s Starlink satellite internet network, the agency announced on Monday. SpaceX won $885.5 million in the FCC’s $9.2 billion …
Read More »Manhattan apartment seller takes $12 million loss on One57 condo
One57 building in the skyline of New York City as seen from the Rockefeller Center Observation Deck. Roberto Machado Noa | LightRocket | Getty Images The seller of a luxury condo apartment on Manhattan’s Billionaires’ Row took a loss of at least $12 million to offload the property, according to …
Read More »Supreme T-shirt collection on sale by Christie’s for about $2 million
The most complete collection of Supreme T-shirts is being offered for sale at Christie’s for about $2 million, highlighting the soaring value of the luxury streetwear brand and the growing importance of a new generation in the collectibles world. The T-shirt collection is the only complete set of Supreme’s “box-logo” …
Read More »Porsche investing $24 million in ‘e-fuels’ for traditional sports cars
A Porsche 911 Speedster is presented at the Paris Motor Show on October 4, 2018 in Paris. Christophe Archambault | AFP | Getty Images German automaker Porsche is investing about $24 million in the development of “e-fuels,” which officials say is a climate-neutral fuel to replace gasoline in nonelectric vehicles. …
Read More »Retail Ecommerce Ventures buys bankrupt Stein Mart for $6 million
The company that has given Pier 1 Imports, Dressbarn and Modell’s Sporting Goods a second chance at life online is adding another embattled retailer to its empire: Stein Mart. Miami-based Retail Ecommerce Ventures has emerged as the winner of a bankruptcy court auction for the intellectual property of Stein Mart. …
Read More »Nikola founder Trevor Milton can sell his 91.6 million shares starting Tuesday
CEO and founder of U.S. Nikola, Trevor Milton attends a dinner held to presents its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy, December 2, 2019. Massimo Pinca | Reuters Ousted Nikola founder and Chairman Trevor Milton is the company’s …
Read More »Wind farm with ability to power one million households up and running
The Borssele 1&2 offshore wind farm is located in waters off the coast of Zeeland, the Netherlands. Orsted A major offshore wind farm in the Netherlands is now fully operational, with its owners, Danish energy firm Orsted, claiming it provides enough green electricity to power one million households. Situated 23 …
Read More »Relativity Space closes $500 million for scaling 3D-printed rocket production
Relativity Space wants to use enormous 3D-printers to revolutionize the way rockets are built – and CEO Tim Ellis told CNBC that the company now has a “war chest” of capital to do so. “We’re excited to announce a $500 million Series D funding round at a valuation above $2 …
Read More »Peter Thiel backs ATAI’s psychedelics mission in $125 million round
Peter Thiel Adam Jeffery | CNBC LONDON — Billionaire tech investor Peter Thiel has backed a Berlin start-up aiming to make psychedelic drugs to treat mental health disorders in a $125 million funding round. ATAI Life Sciences, which describes itself as a drug development platform, was set up to acquire, …
Read More »$160 million mansion will be the most expensive ever auctioned
Exterior view of Villa Firenze in Beverly Hills, California Concierge Auctions A $160 million mansion in Beverly Hills, California, is headed to the auction block, making it the most expensive listing ever to auction. The nine-acre estate, called Villa Firenze, will be sold to the highest bidder, with no reserve, …
Read More »Mall owners Simon, Taubman revise merger terms, $800 million price cut
Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia, Pennsylvania. Mark Makela | Reuters Luxury mall owner Taubman Centers has agreed to a lower price to merge with the biggest mall owner in …
Read More »Largest purple-pink diamond ever auctioned sells for $27 million
“The Spirit of the Rose,” a rare purple-pink diamond mined in Russia, was sold at a Sotheby’s auction for nearly $27 million. A picture taken at a press preview on November 6, 2020. Fabrice Coffrini/AFP via Getty Images The largest purple-pink diamond ever to be auctioned has been sold in …
Read More »JD.com wants network of 5 million physical stores in China
Chinese retailer JD.com plans to aggressively expand its brick-and-mortar reach— aiming for a network of 5 million physical stores in the next 3 years — as China’s e-commerce companies sharpen their competition for consumers in smaller Chinese cities. Xu Lei, chief executive of JD Retail, said the company is “aware …
Read More »Pfizer CEO sold $5.6 million of stock as company announced positive data
Pfizer CEO Albert Bourla sold almost $5.6 million worth of stock on Monday, the same day the drugmaker announced positive early data on its experimental coronavirus vaccine that sent shares soaring. Shares of Pfizer jumped by almost 15% on Monday after the company and its partner BioNTech said its vaccine …
Read More »U.S. cases top 10 million as outbreaks spike across nation
An attendant talks to a person waiting in their car at a coronavirus testing site at Ascarate Park on October 31, 2020 in El Paso, Texas. Cengiz Yar | Getty Images News | Getty Images The United States has now reported more than 10 million cases of Covid-19, a bleak …
Read More »