Aerospace Corp. research and development laboratory moved its headquarters this week from El Segundo to Virginia, but reaffirmed its commitment to its South Bay campus by announcing a $100 million investment there.The federally funded nonprofit, which supports space work for the government and the private sector, said there would be “no significant relocation of existing employees” during the move to Chantilly, Va., where it has another campus, but said industry changes required it. “The space industry has been transformed over the past decade, reshaped by rapidly advancing threats, evolving technologies, and a rapidly growing commercial sector,” CEO Steve Isakowitz said…
Author: ricardofrancois
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Donald Trump's social media business will become publicly listed after shareholders in a blank-cheque company approved the deal, opening up a potential $3 billion windfall for the former US president as he seeks to cover huge legal liabilities.Trump Media and Technology Group, the company behind his website Truth Social, will list its shares on the Nasdaq stock exchange with the symbol DJT, Trump's initials, next week.The vote comes at a critical time for Trump, who faces mounting legal bills ahead of what…
A trader wears a Reddit logo T-shirt, at the New York Stock Exchange (NYSE) in New York City, US, March 21, 2024. Brendan McDiarmid | Reutersthe Dow Jones Industrial Average He went down on Friday, but had his best week of the year after back-to-back record-setting sessions.The Dow Jones index fell 305.47 points, or 0.77%, to 39,475.90 points. the Standard & Poor's 500 It decreased by 0.14% to close at 5,234.18. the Nasdaq Composite It added 0.16% and closed at 16,428.82, setting another record.The three major averages posted healthy gains this week, with the S&P 500 up about 2.3%. The…
shares Lululemon It fell on Friday after the athletic apparel retailer issued disappointing guidance and said it was seeing weak sales in the United States, its largest market.The retailer reported holiday earnings Thursday evening that beat expectations, but showed that its growth in North America is stagnating.Here's what the company did in its fiscal fourth quarter compared to what Wall Street expected, based on a survey of analysts conducted by LSEG, formerly known as Refinitiv:EPS: $5.29 vs. $5.00 expected Revenue: $3.21 billion vs. $3.19 billion expectedThe company's reported net income for the three-month period ended Jan. 28 was $669.5 million,…
Deep-pocketed sovereign wealth funds are among the investors clamoring for a stake in Anthropic, the hot AI startup competing with OpenAI. One country excluded: Saudi Arabia.As bankers assemble a pool of potential new humanitarian backers, the company has ruled out taking money from the Saudis, according to people familiar with the matter. One source told CNBC that Anthropian executives cited national security The stake in Anthropic is up for sale because it is owned by FTX, the failed cryptocurrency exchange started by Sam Bankman-Fried, and is being unloaded as part of the company's bankruptcy proceedings. FTX bought the shares three…
The luxury Beverly Hills mansion where the Menendez brothers shot and killed their parents in 1989 has sold for $17 million, exactly 28 years after the brothers were convicted of the brutal murders.The seven-bedroom home, complete with a pool, private tennis court and two-story guest house, has been on the market since December, with an asking price of just under $20 million. The seller, Sam DeLogue, a communications executive, bought the house in 2001 for $3.7 million.Details about the buyer were not immediately available. Realtor.com reported that a forensic appraiser estimated the mansion's $17 million sale price was about 25%…
Fangxianu | E+ | Getty ImagesThere can be a lot of obstacles during your job search, including so-called “ghost” jobs.These can be fake listings for jobs that don't exist, or ones that were posted so long ago that it appears the job may not be available.Fortunately, there are ways for job seekers to avoid the challenges of a potential ghost job and increase their odds of landing a real job, according to recruitment experts.More for your money:Here's a look at more stories on how to manage, grow, and protect your money for years to come.Ghost jobs are not an emerging…
In the fantasy world of “Dragon Ball”, a popular Japanese manga and anime series, the main character embarks on a journey to collect seven magic balls to summon a wish-granting dragon.This desire appears to have manifested itself in the creation of a park outside Riyadh for Qiddiya Investment Company, a real estate development company backed by the Public Investment Fund of Saudi Arabia.The Gulf state's latest attempt to boost tourism will include 30 rides featuring Goku, Frieza and other characters, according to the company's website. The park will span more than 5.3 million square feet within Qiddiya, a plot of…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.A couple accused of receiving around £24 million from London Capital & Finance and using it to fund a lavish lifestyle – including luxury travel, jewelery and Mayfair Members' Club membership – have reached a settlement with directors of the failed British investment firm.Simon and Helen Hume Kendall were accused in High Court proceedings of benefiting from a “Ponzi scheme” that extracted money from 11,600 investors in one of the country's biggest retail savings scandals in recent years.Court papers show the Hume-Kendall…
A Stellantis sign is seen outside FCA's headquarters and technology center in Auburn Hills, Michigan, on January 19, 2021.Jeff Kowalski | AFP | Getty ImagesDetroit — “ Stellantis The automaker is laying off nearly 400 salaried employees in the United States in its engineering, technology and software units to cut costs as the automaker faces what it calls difficult market conditions.The layoffs will affect about 2% of employees in those units “following rigorous organizational reviews,” Stellantis said Friday. Stellantis employed 11,800 U.S. salaried employees as of the end of last year.The cuts go into effect on March 31.“As the automotive…