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Virgin Galactic’s spacecraft outside Spaceport America in New Mexico. Virgin Galactic Virgin Galactic stock drop after reporting first quarter results accelerated in early trading on Tuesday, with the company’s next spaceflight test – and its broader path to beginning commercial flights – possibly delayed further. The space tourism company gave an update on progress toward
Server Nioka Mantilla arranges items in the buffet at the DoubleTree by Hilton Hotel on Penn Street in Reading, Pennsylvania, Friday morning May 7, 2021. Ben Hasty | MediaNews Group | Reading Eagle via Getty Images The stunningly disappointing April jobs report shouldn’t be taken as an indictment against the fast-moving economic recovery but shouldn’t
CNBC’s Jim Cramer said Wednesday he trimmed some of his ether holdings after the world’s second-largest cryptocurrency by market value notched a series of record highs. “I sold half my Ethereum yesterday … and I put some money down to own a Hummer,” Cramer said on “Squawk on the Street,” referring to the upcoming all-electric vehicle from
Charlie Munger at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway Vice Chairman Charlie Munger’s distain toward bitcoin has only intensified amid the digital asset’s record run this year. “Of course I hate the bitcoin success,” the 97-year-old Munger said during a Q&A session at Berkshire’s annual
Astra VP of manufacturing Bryson Gentile, left, and CEO Chris Kemp take a protective cover off a rocket fairing half. Michael Sheetz | CNBC ALAMEDA, California — Rocket builder Astra wants to simplify the launch business, with the soon-to-be-public company on a quest to both cut manufacturing costs while dramatically increasing the number of launches
Warren Buffett (L), CEO of Berkshire Hathaway, and Vice Chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. Johannes Eisele | AFP | Getty Images Warren Buffett will kick off Berkshire Hathaway‘s annual shareholder meeting this Saturday riding high, with shares of the conglomerate at a record and its
Jeff Bezos and Elon Musk Getty Images Jeff Bezos‘ Blue Origin filed a protest with the Government Accountability Office against NASA on Monday, challenging the space agency’s award of a nearly $3 billion moon lander contract to Elon Musk’s SpaceX earlier this month. SpaceX, in a competition against Blue Origin and Leidos‘ subsidiary Dynetics, was
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In this article ENPH Solaray Director Jonathan Fisk moves a solar panel at the solar power installation company’s Sydney facility. Jason Reed | Reuters Shares of Enphase Energy dipped more than 14% on Wednesday after the company warned about the ongoing impacts of the chip shortage. For the first quarter the company, which makes microinverters
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CNBC’s Jim Cramer on Tuesday expressed some disappointment in Tesla‘s first-quarter earnings report and subsequent conference call. “I have to be somewhat critical. This was not the blowout quarter,” Cramer said on “Squawk on the Street,” describing the numbers released Monday by the electric vehicle maker as “very good” relative to certain industry peers. He
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FG Trade | E+ | Getty Images Company: Harmonic Inc. (HLIT) Business: Harmonic provides video delivery software, products, system solutions, and services worldwide. Its products enable customers to create, prepare, store, playout, and deliver a range of broadcast and streaming video services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones. The
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Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon said Wednesday that “justice was served” after a jury found ex- Minneapolis police officer Derek Chauvin guilty on all three charges,
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Value investor Bill Miller told CNBC on Tuesday that one of his firm’s funds sold its GameStop holdings during the Reddit-fueled frenzy that began earlier this year. “We had GameStop in our deep-value product, and I think our cost on it was around $4 or something,” Miller said in an interview on “The Exchange.” “When it got
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Rendering of a United Launch Alliance’ Atlas V rocket carrying Amazon satellites. ULA/Amazon Amazon is preparing to send its first Project Kuiper internet satellites into orbit, with Jeff Bezos‘ company announcing on Monday that it signed a contract with United Launch Alliance for nine launches. ULA, a joint venture of Boeing and Lockheed Martin, will
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SpaceX CEO Elon Musk raises his arms in celebration beneath a Starship rocket prototype under construction in Boca Chica, Texas. Steve Jurvetson on flickr Elon Musk’s SpaceX beat out teams led by Jeff Bezos’ Blue Origin and Leidos subsidiary Dynetics to win a nearly $3 billion contract to build NASA’s next crewed lunar lander, The
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