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The 16th Electron launch in November 2020, when the company recovered the rocket after splashdown for the first time. Rocket Lab Rocket Lab begin trading on the Nasdaq on Wednesday, becoming the latest space company to close a SPAC merger and go public — and adding substantially to its cash pile in the process. “We’re

Bitcoin’s biggest investors appear to be upping their positions as the price recovers. Cryptocurrency accounts holding roughly $50 million or more worth of bitcoin have steadily increased their buying since the end of June, according to new data from blockchain firm Chainalysis. That bullishness continued into late August as prices rebounded above $50,000. “The bitcoin

The profitability of insurance companies depends on the number of premiums they write, the return on their investments, business costs, and how much they have to pay out in claims. As of Q2 2021, life insurance companies had a net profit margin (NPM) of 4.1% for the trailing 12 months (TTM). Property and casualty insurance

American flags in front of Goldman Sachs Group Inc. headquarters in New York, on Friday, March 5, 2021. Michael Nagle | Bloomberg | Getty Images Goldman Sachs said that only vaccinated people can enter its buildings starting next month. The leading global investment bank said that the new policy starts Sept. 7 and applies to

Eric Glyman and Karim Atiyeh, cofounders of corporate card startup Ramp Corporate charge card start-up Ramp has more than doubled its valuation since its previous round just five months ago amid torrid revenue growth and strong demand for fintech investments. Ramp is raising $300 million in a Series C round at a $3.9 billion valuation,

Oil generates revenue for countries with enough oil reserves to produce more than their domestic consumption. And for those economies that are heavily dependent on imports, oil expenditures must be factored into national budgets. Not surprisingly, events like unrest in oil-producing regions, new oil field discoveries, and advances in extraction technology profoundly affect the oil

In this article NGCA BA The modified 737 aircraft “Cosmic Girl” lifts off from Mojave Air and Space Port in California carrying a LauncherOne rocket on June 30, 2021. Virgin Orbit Virgin Orbit, the satellite-launching spinoff off of Sir Richard Branson’s Virgin Galactic, is preparing to go public, announcing Monday that it will merge with a SPAC

Mutual funds are considered relatively safe investments. However, mutual funds are considered a bad investment when investors consider certain negative factors to be important, such as high expense ratios charged by the fund, various hidden front-end and back-end load charges, lack of control over investment decisions, and diluted returns. High Annual Expense Ratios Mutual funds

The New York Stock Exchange (NYSE) stands in lower Manhattan on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City. Spencer Platt | Getty Images When junior bankers at Goldman Sachs complained about what they called “inhumane” working conditions in an

Shoppers walk in front of a Walmart store in San Leandro, California, U.S., on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images As earnings season draws to a finale, investors’ eyes are focused on how the second half of 2021 will look. Be it a contagious new Covid-19 variant causing lockdowns,

Twitch may just be Amazon’s best-kept secret. Acquired in a 2014 bidding war with Google for $1 billion in cash, the gaming platform, and the social network continues to break its own high scores. Four years after that acquisition and just seven after its initial launch, Twitch boasts a valuation of about US$3.79 billion. Twitch viewers live-streamed

In this article HOOD Newly public stock trading app Robinhood is not looking to do a secondary offering to take advantage of its retail investor-driven share price rise, according to the company’s chief financial officer. “It doesn’t resonate with me to call Robinhood a meme stock,” Robinhood CFO Jason Warnick told CNBC’s Kate Rooney on “Squawk

United Launch Alliance (ULA) CEO Tory Bruno at the rollout of the Atlas V 541 rocket that would launch NASA’s Mars Perseverance rover and Ingenuity helicopter on July 28, 2020. Ben Smegelsky | NASA Rocket builder United Launch Alliance, the joint venture of Boeing and Lockheed Martin, will require all employees to receive vaccinations against

The rising cost of a college degree has more students than ever borrowing to cover their expenses. While some students opt for loans from private lenders, as of March 2021, an estimated 42.9 million borrowers have Federal Direct Loans. Subsidized vs. Unsubsidized Federal Direct Loans may be subsidized or unsubsidized. Both types offer numerous benefits,

Jeff Bezos, owner of Blue Origin, introduces a new lunar landing module called Blue Moon during an event at the Washington Convention Center, May 9, 2019 in Washington, DC. Mark Wilson | Getty Images Jeff Bezos flew to space late last month, but his company has lost top talent since the billionaire space founder came

Elon Musk’s SpaceX revealed new details about plans for the next-generation of satellites in its Starlink internet system in federal filings on Wednesday, including that the company intends to use its massive Starship rocket as the primary vehicle to deliver the spacecraft to orbit. SpaceX filed an amendment with the Federal Communications Commission that included

Founded in 1947, Swedish clothing retailer Hennes & Mauritz AB (STO: HM-B), commonly known as H&M, has grown into one of the most recognizable brands in the fashion industry. H&M has more than 5,000 stores worldwide and employs 120,000 people. Not surprisingly, the COVID-19 shutdown had an impact in 2020. The company reported strong growth

A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Brokerage Charles Schwab is giving most of its employees a special 5% pay raise as record stock market levels propel the industry’s earnings. CEO Walt Bettinger said Thursday in a press release

Does the debt from your college days seem overwhelming? You’re not alone: Student loans in the U.S. total more than $1.6 trillion. That’s second only to the size of the nation’s mortgage debt. Ironically, the burden of student loans is making it harder for college graduates to buy a home. Politicians are debating what to

Cathie Wood Source: CNBC Cathie Wood called out Michael Burry on social media after ‘The Big Short’ investor placed a bet against her flagship ARK Innovation exchange-traded fund. “To his credit, Michael Burry made a great call based on fundamentals and recognized the calamity brewing in the housing/mortgage market. I do not believe that he