Relativity Space conducts a pressure test of a 3D printed tank. Relativity Space Relativity Space passed a key milestone toward its goal of launching a rocket that is almost entirely 3D-printed. The Los Angeles-based space start-up conducted a series of tests in December using a 3D-printed tank, which the company increasingly pressurized until it burst.
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In the massive legislative package House Democrats unveiled on Tuesday to inject more relief into an economy battered by the coronavirus, unemployed Americans would get an extra $600 a week through the end of the year. In the stimulus bill Congress passed in March, many jobless Americans became eligible for that weekly payment on top
It’s no surprise that wellness expert and author Deepak Chopra is spending his days in quarantine, meditating, doing yoga and getting lots of sleep. “I’m so happy,” Chopra tells CNBC Make It. In fact, Chopra’s quarantine routine is similar to the quiet life he lead before the Covid-19 pandemic. Chopra, 73 and founder of non-profit
Republican Sen. Rand Paul challenged one of the Trump administration’s top health advisors on the coronavirus pandemic, questioning why the U.S. shouldn’t reopen schools in the fall when relatively few children die from Covid-19. “Shouldn’t we at least be discussing what the mortality of children is?” Paul asked White House coronavirus task force advisor Dr.
A customer looks at a newly purchased Toyota Motor Corp. vehicle at the Brent Brown Toyota dealership in Orem, Utah, on Monday, April 6, 2020. George Frey | Bloomberg via Getty Images Toyota Motor on Tuesday said it expects profit to drop 80% to its lowest in nine years, as Japan’s biggest automaker grapples with
Jin Lee | Bloomberg | Getty Images Check out the companies making headlines in midday trading. GrubHub, Uber — Grubhub shares soared more than 27% on news that ride-hailing company Uber has approached the company with a takeover bid. Uber’s offer comes months after other outlets reported that food-delivery service Grubhub had hired advisors to explore strategic
The Robinhood application is displayed in the App Store on an Apple Inc. iPhone in an arranged photograph taken in Washington, D.C., U.S., on Friday, Dec. 14, 2018. Andrew Harrer | Bloomberg | Getty Images The coronavirus market downturn spurred young people — in some cases, for the first time in their lives — to get
U.S. Representative, Nancy Pelosi (D-CA) at the ceremonial swearing in of Representative Elect Kweisi Mfume (D-MD). Michael Brochstein | Barcroft Media | Getty Images Fewer people itemizing Since the new tax law, significantly fewer people are claiming the SALT deduction. About 16 million taxpayers claimed the SALT deduction for the 2018 tax year, according to
The biggest U.S. mall owner, Simon Property Group, said Monday that it plans to have roughly 50% of its properties reopened again within the next week, as states begin to loosen their lockdown restrictions during the coronavirus pandemic. It made the announcement as it reported quarterly earnings, where Simon’s quarterly profits fell 20.2% during the first
Chief Executive Officer Bracken Darrell of Logitech addresses a news conference in Zurich, Switzerland March 6, 2019. Arnd Wiegmann | Reuters Logitech reported a 13.6% rise in quarterly sales on Tuesday as more people used its computer products while working from home due to the coronavirus crisis. Logitech said demand accelerated in the three months
Pedestrians wearing face masks walk past the New York Stock Exchange. Michael Nagle | Xinhua via Getty Images This is a live blog. Here’s the latest. 7:31 am: Hyatt Hotels to lay off 1,300 workers as virus hamstrings global travel Hyatt Hotels announced late Monday that it would lay off 1,300 workers around the globe
As many restaurants around the world remain closed because of the coronavirus pandemic, one restaurant in Amsterdam, the Netherlands, is experimenting with a new way to dine out. Mediamatic ETEN, a vegan restaurant at the arts center Mediamatic Biotoop, set up greenhouses to test out allowing diners to follow social distancing measures while still eating
Richard Cordray, former director of the Consumer Financial Protection Bureau and author of “Watchdog: How Protecting Consumers Can Save Our Families, Our Economy, and Our Democracy” Congress provided borrowers a lifeline when it passed the CARES Act. Whether it will deliver significant relief to consumers remains to be seen. The $2.2 trillion coronavirus relief bill
People are reflected in a closed store window, as the spread of the coronavirus disease (COVID-19) continues, on Main Street near the Breckenridge Ski Resort in Breckenridge, Colorado, U.S., April 13, 2020. Shannon Stapleton | Reuters Lia Hakim was excited to get her $292,000 loan from the federal Paycheck Protection Program to cover payroll at
Many recovered Covid-19 patients are reporting a longer road to “full health” than expected and some appear to have relapsed, the World Health Organization said Monday. Researchers around the world are still trying to understand exactly how the coronavirus affects the human body. WHO officials say they are working with governments and hospitals around the
What a difference a year may make. CFRA’s Sam Stovall believes stocks will return to all-time highs in the next 12 months. “In other bear markets going back to 1929, and the average 13 month advance was 50%,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Monday. “We have a very good possibility
As states begin to lift stay-at-home orders, some of the first businesses to shut down in March to minimize the spread of coronavirus are now beginning to reopen their doors. Workers within the retail, restaurant, hospitality, service and meatpacking industries are getting calls from their employers that it’s time to get back to work. But
Richard Branson, Founder of Virgin Galactic (C) poses next to George T. Whitesides (R), CEO of Virgin Galactic Holdings after ringing the First Trade Bell to commemorate the company’s first day of trading on the New York Stock Exchange on October 28, 2019. Johannes Eisele | AFP | Getty Images Virgin Group founder Sir Richard
US Treasury Refund Check Thomas Winz Millions of Americans have received their federal stimulus checks in the past four weeks. The IRS has updated its data on just how much emergency relief has been sent. And it shows which states received the most money. Congress gave the green light through the Cares Act for the
Billionaire entrepreneur Mark Cuban told CNBC on Monday that coronavirus safeguards in place at the White House need to become the norm before most Americans will feel comfortable going out again. “We have to get to that point where the White House standard becomes the national standard, I think, in order for consumers to feel safe going out,