American Airlines flight 718, the first U.S. Boeing 737 MAX commercial flight since regulators lifted a 20-month grounding in November, takes off from Miami, Florida, December 29, 2020. Marco Bello | Reuters American Airlines expects the impact of the coronavirus pandemic to continue to weigh on demand and schedules into …
Read More »GM’s defense unit sees $25 billion market in potential military contracts for automaker
The GM Defense Infantry Squad Vehicle was uniquely engineered to meet U.S. military specifications. It is based on the automaker’s off-road Chevrolet Colorado ZR2 midsize truck architecture. GM Defense DETROIT – General Motors is targeting significant growth for its resurrected military defense unit, which quietly re-launched three years ago and …
Read More »CDC monitors for Bell’s palsy among Pfizer vaccine recipients, sees no causal relationship
A man receives the first of two Pfizer/BioNTech Covid-19 vaccine jabs, at Guy’s Hospital in London on December 8, 2020. Victoria Jones | AFP | Getty Images The U.S. federal government will continue to monitor occurrences of Bell’s palsy — a partial paralysis in the face — among people who …
Read More »Merck CEO optimistic, sees 6 more months of masks
Merck CEO Kenneth Frazier told CNBC on Thursday he was hopeful about continued progress on coronavirus vaccines but suggested that strict adherence to public-health protocols would remain necessary for months ahead. “I think there’s a lot of reason to be optimistic about the vaccines that are coming out. The Pfizer …
Read More »Starbucks sees long-term adjusted earnings per share rising 10% to 12%
People wear protective face masks outside Starbucks in Union Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 29, 2020 in New York City. Noam Galai | Getty Images Starbucks said Wednesday that it expects to hit its long-term …
Read More »Microsoft sees gain on C3.ai investment concurrent with IPO
Satya Nadella, chief executive officer of Microsoft Corp., speaks during the Viva Technology conference in Paris, France, on Thursday, May 24, 2018. Viva Tech, a three-year-old event for startups, gathers global technology leaders and entrepreneurs as the French establishment unites behind a push for more tech investment in Paris. Marlene …
Read More »Cramer sees strong 2021 after Airbnb IPO
Airbnb has a chance to post substantial growth next year and the stock is worth buying when the company makes its long-awaited debut to the market Thursday, CNBC’s Jim Cramer said Tuesday. Investors can afford to be patient, however, as the vacation home rental company continues to face pandemic headwinds, …
Read More »Dr. Scott Gottlieb sees Covid vaccine in ‘rationing’ mode into the spring
Dr. Scott Gottlieb told CNBC on Wednesday the availability of coronavirus vaccine doses is likely to be limited in the next few months should U.S. regulators grant emergency approval later this month. “We’re going to be in this sort of rationing type of environment for this vaccine probably well into the …
Read More »Ex-Ford CEO says auto industry in ‘sweet spot,’ sees strong 2021 sales
Former Ford Motor CEO Mark Fields told CNBC on Tuesday that the U.S. auto industry was “in a sweet spot” heading into 2021, following a better-than-expected recovery from the coronavirus pandemic. “I think overall the industry is going to have a strong fourth quarter, and I do believe it’s going …
Read More »Nikola stock sees another ugly selloff as insider lockup period expires
Nikola Motor Company Two truck Source: Nikola Motor Company Shares of Nikola plummeted by as much as 18.3% in heavy trading Tuesday morning after a lockup period on the stock for company insiders and early investors expired, freeing up to 166 million shares for sale for the first time since …
Read More »Pentagon sees uptick in coronavirus cases in military
A Paratrooper assigned to the 1st Brigade Combat Team, 82nd Airborne Division, prepares for a Airborne Operation at Fort Bragg, N.C., on May 7. Spc. Hubert Delany III | US Army WASHINGTON —The Defense Department has reported a Covid-19 outbreak aboard a U.S. Navy destroyer, a new record of 1,300 coronavirus …
Read More »Ultra-cold freezer maker sees surge in demand
So-Low Environmental Equipment, a maker of ultra-cold freezers, is seeing a surge in demand for its products in anticipation of coronavirus vaccine distribution, leading to an inventory backlog despite its efforts to prepare. “Right now, we are out of everything,” Dan Hensler, vice president of the Cincinnati-based company, said Wednesday …
Read More »Sportsdigita’s software, used by major sports teams, sees growth during pandemic
Angelina Lawton Source: John Wagner Sportsdigita, an all-in-one cloud-based presentation software company owned by former National Hockey League executive Angelina Lawton, sees opportunity amid the pandemic as sports teams conduct business online instead of in person. The company, which counts the Chicago Bears, Los Angeles Lakers, Boston Red Sox, Pittsburgh …
Read More »NRF sees holiday sales up 3.6% to 5.2%, in a ‘strong finish’ to 2020
Consumers begin their Black Friday specials shopping as Macys opens their doors at 5pm on Thanksgiving Day on November 28, 2019 in New York. Bryan R. Smith | AFP | Getty Images Retailers could end up having a strong finish to 2020, despite all of the challenges that the coronavirus …
Read More »Trump administration sees surge in sign ups for CVS, Walgreens program
A customer wearing a face mask exits a Walgreens pharmacy in South Beach on April 14, 2020 in Miami Beach, Florida. Cliff Hawkins | Getty Images The Trump administration said Wednesday that it is seeing “tremendous uptake” of a program that will allow CVS Health and Walgreens to administer coronavirus …
Read More »Walmart sees localized grocery stockpiling as Covid cases rise
Walmart CEO Doug McMillion said Tuesday that customers are loading up on items like toilet paper again as coronavirus cases rise — but he said the retail giant is better prepared to keep up. “It feels to me like we’ll work through this period of time better than we did …
Read More »Momofuku joins Goldbelly as delivery service sees Covid pandemic boom
Customers dine at Momofuku’s outdoor seating in the East Village as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 26, 2020 in New York City. Alexi Rosenfeld | Getty Images Goldbelly is adding chef David Chang’s Momofuku to its national …
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