Magnificent Seven as a group is underperforming the broader market this year, but strategists at Citi argue it’s no longer a grouping that even makes sense to think about it.
The former head of Italian motorway operator Autostrade per l’Italia was sentenced to 12 years in prison on Thursday [July 16] for his role in a disaster that killed 43 people when a bridge collapsed near the city of Genoa in 2018. Giovanni Castellucci was among 32 people convicted over the collapse of the Morandi…
SpaceX stock just handed Wall Street a lesson in bad timing. Days after analysts at more than a dozen banks rolled out price targets that were almost uniformly bullish, the shares tumbled below their $135 IPO price for the first time, then kept falling toward $125. The reversal is jarring for a company whose Nasdaq…
A coalition of public health organizations, pediatricians and parents sued the U.S. Food and Drug Administration on July 14, challenging a new policy that allow some manufacturers to sell vapes and nicotine without the legally required license. The lawsuit, filed in U.S. District Court in Maryland, targets FDA guidance issued in May. The guidance states…
SVENJA GUDELL: It’s not that GenAI will take your job, right? It’s the person that knows how to use the tools that’s probably going to take your job. PETE BROWN: You can protect people, but you can’t protect jobs. Jobs will continue to evolve, they always will be. SVENJA: You have to be a bit…
The U.S. military’s most sensitive satellites have long ridden to orbit on a short list of trusted rockets. Now Rocket Lab (RKLB 3.36%) has forced its way into that conversation, earning a spot to compete in the Space Force’s National Security Space Launch (NSSL) Phase 3 Lane 1 program, an arrangement with a maximum value…
Despite his role in revolutionizing the electric vehicle industry with Tesla, Elon Musk’s second-most famous company, Space Exploration Technologies (SPCX 3.08%) or SpaceX, is set to rely on a fossil fuel, natural gas, to power its xAI’s data centers and enable it to make launch fuel for its Starship rockets. These developments underline the role…
