Investing News

People walk along Broadway as the coronavirus keeps financial markets and businesses mostly closed on May 08, 2020 in New York City. The Bureau of Labor Statistics announced on Friday that the US economy lost 20.5 million jobs in April. This is the largest decline in jobs since the government began tracking the data in

Vricon 3D visualization of Damascus, Syria. Maxar Space and satellite imagery company Maxar Technologies is taking full ownership of a joint venture it has held with Swedish aerospace group Saab, which the U.S. company expects will further its analytics offering. Maxar announced after the market closed on Tuesday that it intends to acquire full ownership of 3D

Chinese President Xi Jinping walks past officials wearing face masks following the coronavirus disease (COVID-19) outbreak as he arrives for the closing session of the National People’s Congress (NPC) at the Great Hall of the People in Beijing, China May 28, 2020. Carlos Garcia Rawlins | Reuters China has been juggling a global pandemic along

As Penn National Gaming works to reopen its casinos and gaming operations, Barstool founder Dave Portnoy is itching to return to his roots. Portnoy, an avid sports bettor who began betting on stocks after professional sports paused due to the coronavirus, told CNBC’s Jim Cramer he’s leaving the stock trading game behind when sports make their

Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman, who made a killing this year by nailing the market bottom, on Monday disclosed plans for an initial public offering of a $4 billion blank-check company, which will target so-called “Mature Unicorns.” The new investment vehicle named Pershing Square

Virgin Galactic’s spacecraft outside Spaceport America in New Mexico. Virgin Galactic Shares of Virgin Galactic shares jumped Monday after it signed an agreement with NASA that will allow the space tourism venture to train astronauts for trips to the International Space Station on flights to the edge of space. The company — which is publicly traded

Barry Rosenstein, founder of JANA Partners. Adam Jeffery | CNBC Company: Perspecta Inc. (PRSP) Business: Perspecta provides end-to-end information technology services and mission solutions to government customers. The company serves intelligence, defense, space, federal civilian, federal healthcare and state and local governments. It provides various solutions in mission services, digital transformation and enterprise operations. Stock Market

Robinhood app Source: Robinhood Robinhood is making it more difficult to get access to its options offering in the wake of a customer’s suicide last week.  In a blog post Friday, Robinhood’s co-CEOs outlined multiple changes to the free-trading app. Robinhood will increase eligibility requirements, and “consider additional criteria” for customers for level three options

People walk past the U.S. Federal Reserve building in Washington D.C., the United States, May 21, 2020. Ting Shen | Xinhua via Getty Images Historically unique financial conditions brought on by the coronavirus have changed the way the Federal Reserve is stress-testing banks this year. In addition to the usual rigors that measure how well

The former top securities regulator for the United States said Tuesday that policymakers never considered there would be a market for bankrupt companies like Hertz to issue new stock and that, if things went poorly, investment banks could be on the hook. Harvey Pitt, who served as chairman of the Securities and Exchange Commission under