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SpaceX deploys 60 Starlink satellites in orbit. SpaceX SpaceX gave an update on early tests of its Starlink satellite internet network, which showed speeds capable of playing online video games and streaming movies. Starlink is the ambitious plan by Elon Musk’s company to build an interconnected network of about 12,000 small satellites in low Earth orbit.

Charlotte Hornets owner Michael Jordan responds to a question during a 2014 news conference at Time Warner Cable Arena in Charlotte, N.C. Jeff Siner | Charlotte Observer | Tribune News Service via Getty Images This is a developing story. Check back for updates. Shares of DraftKings jumped 16% in premarket trading after the company said

Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images Baillie Gifford, Tesla’s largest outside shareholder, has reduced its position in the electric auto maker after the company’s rapid share appreciation made it an outsized influence on the firm’s holdings. A filing with the Securities and Exchange Commission

Joggers pass the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images Interest rates near zero likely will stay in place not for months but instead years as the Federal Reserve seeks to re-engineer an economy characterized by low inflation and an uneven

A bear statue stands outside the Frankfurt Stock Exchange, operated by Deutsche Boerse AG, in Frankfurt, Germany, on Friday, March 13, 2020. Alex Kraus | Bloomberg | Getty Images Throw in the towel on a market pullback? It’s getting lonely being a market bear. Investors — even market bulls — who are trying to figure

Apple CEO Tim Cook greets customers at the grand reopening of Apple’s flagship Apple Fifth Avenue retail store on September 20, 2019 in New York City. Taylor Hill | Getty Images Shares of Apple and Tesla rose sharply on Monday, the first day after their recently announced stock splits took effect, as investors continued to

DraftKings CEO and Co-Founder Jason Robins speaks during the unveiling of DraftKings headquarters March 26, 2019 in Boston, Massachusetts. Darren McCollester | Getty Images Stocks are once again at record high levels — with the S&P 500 now up over 21% on a one-year basis. That’s following Fed Chair Jerome Powell’s more-relaxed inflation targeting strategy,

A man wearing a protective mask sits on top of the Charging Bull sculpture near Wall St. amid the coronavirus pandemic on April 19, 2020 in New York City, United States. Alexi Rosenfeld | Getty Images Company: Evolent Health Inc. (EVH) Business: Evolent is a health-care delivery and payment company. It supports health systems and

It’s been a great August, up 6% for the S&P 500, the best August since 1986. But then again, it was a great July.  And a great June. May was pretty good, too, and April was downright eye-popping. The Summer Rally (S&P 500 Monthly Returns) April: up 12.7% May: up 4.5% June: up 1.8% July:

The New York Stock Exchange has won the approval from regulators to allow companies to issue new shares through direct listings, creating a cheaper alternative to the traditional initial public offering. The Securities and Exchange Commission said in an order Wednesday evening that it approved a new type of direct listing where companies can simultaneously

CNBC’s Jim Cramer on Thursday praised the Federal Reserve and its chairman, Jerome Powell, for updating their approach to monetary policy to help the U.S. economy recover from the coronavirus pandemic.  “Powell is on the side of the bulls,” Cramer said on “Squawk on the Street.”  The Fed earlier Thursday said it would be willing to

HSBC Global Asset Management and climate change advisory and investment firm Pollination Group are teaming up to launch a series of billion-dollar funds that will target “natural capital.”  The new venture, which is the largest of its kind, will be called HSBC Pollination Climate Asset Management. The funds will target institutional investors including pension funds

The rally on Wall Street would not be derailed for long even if there were another spike in coronavirus cases this fall, Wharton School professor Jeremy Siegel told CNBC on Tuesday. “It’s not going to be a serious correction, not anywhere again down near those March lows. A little pause if we get that wave, but I

Satellite antenna builder Kymeta announced Tuesday that it closed a significant new round of fundraising led by Bill Gates, as the start-up looks to increase manufacturing and sales of its mobile communications product. “At the end of the day, the problem that our customers want to solve is highly reliable broadband service,” Kymeta executive chairman

Tesla’s rapid run higher, which has seen the shares gain nearly 400% this year, has left one notable investor confused. “I really can’t explain Tesla,” Joel Greenblatt, co-CIO at Gotham Asset Management, said Monday on CNBC’s “Squawk Box.” “I think there’s a lot of speculation in the market and I think some of it’s there. I

Jen-Hsun Huang, chief executive officer of Nvidia Corp., holds up a Titan C CPU and GeForce GTX Titan X graphics card . David Paul Morris | Bloomberg | Getty Images Stocks have delivered very impressive gains recently. Indeed, indexes are circling record levels, boosted by strong second quarter earning reports and reopening optimism. That’s despite

Jeffrey Ubben Source: BusinessWire Jeffrey Ubben is betting on widescale adoption of clean energy through his new fund Inclusive Capital Partners, which he launched in June after stepping away from ValueAct to focus on sustainable investing full time. His fund is the lead investor in a company being formed through a partnership between Schneider Electric

CNBC’s Jim Cramer said Thursday there is more pain in the U.S. economy than what is reflected in the stock market’s robust recovery from coronavirus-era lows.  “I’m thinking, wait a second, don’t get too optimistic. I think it’s our nature to be optimistic,” Cramer said on “Squawk on the Street.” ”We like the fact that the

An artist’s rendition of Dynetics’ HLS lander on the Moon’s surface. Dynetics The race to return U.S. astronauts to the Moon has a dark horse seeking an upset. A few months ago NASA awarded three teams with contracts to develop competing options for the agency to use to deliver people to the lunar surface as

People stand in line outside the Apple store on Fifth Avenue as New York City moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 30, 2020. Noam Galai | Getty Images Apple is one of the big tech engines pulling the market higher, but it is unique in