Business Letter

Business Letter The human race is weak. Everyone wants to get rich without doing a damn thing. No! In my reign there

Twilio stock falls on weaker-than-expected revenue forecast
29/05/2023

Twilio stock falls on weaker-than-expected revenue forecast

Twilio is gaining customers, but some users are opting not to increase their spending because of economic fears.

EV startups conserve cash as make-or-break moment approaches. Here’s where everyone stands
26/05/2023

EV startups conserve cash as make-or-break moment approaches. Here’s where everyone stands

The game for EV startups is now a grim one: Can the companies reach profitability before running out of cash?

Virgin Galactic completes Unity 25 spaceflight in key final test before commercial service
26/05/2023

Virgin Galactic completes Unity 25 spaceflight in key final test before commercial service

It's a crucial moment for Virgin Galactic, which has suffered repeated setbacks, several disasters and years of delays in developing its spaceflight system.

Stocks making the biggest moves midday: Abercrombie & Fitch, Palo Alto Networks, Moderna and more
25/05/2023

Stocks making the biggest moves midday: Abercrombie & Fitch, Palo Alto Networks, Moderna and more

These are the stocks posting the largest moves in midday trading.

Fed officials less confident on the need for more rate hikes, minutes show
25/05/2023

Fed officials less confident on the need for more rate hikes, minutes show

The Federal Reserve on Wednesday released minutes from its May 2-3 policy meeting.

BlackRock bond chief Rieder says U.S. economy in ‘much better shape’ than doomsayers say
24/05/2023

BlackRock bond chief Rieder says U.S. economy in ‘much better shape’ than doomsayers say

Rick Rieder, a three-decade market veteran who oversees $2.4 trillion for BlackRock, is optimistic about the investment outlook despite debt ceiling impasse.

Nike CEO John Donahoe says brands need to stand by their values amid DeSantis, Disney feud
24/05/2023

Nike CEO John Donahoe says brands need to stand by their values amid DeSantis, Disney feud

Nike CEO John Donahoe said during the inaugural CNBC CEO Council Summit it's important for corporations to fight for the values integral to their brands.

GM will introduce an all-electric Cadillac Escalade ‘IQ’ later this year
23/05/2023

GM will introduce an all-electric Cadillac Escalade ‘IQ’ later this year

GM said the new SUV will be called the "Escalade IQ," which continues Cadillac's EV naming strategy that so far includes the Lyriq and upcoming Celestiq.

Ford lays out its plans to ramp EVs and boost profits in key capital markets day
23/05/2023

Ford lays out its plans to ramp EVs and boost profits in key capital markets day

Ford CEO Jim Farley kicked off the day discussing the company's growth plans for its gas-powered, fleet, and electric business units.

Virgin Orbit receives $17 million bid for rocket-carrying aircraft in bankruptcy court
19/05/2023

Virgin Orbit receives $17 million bid for rocket-carrying aircraft in bankruptcy court

Bankrupt rocket company Virgin Orbit received a $17 million "stalking horse" bid for its modified 747 carrier jet and other aircraft assets on Tuesday.

Target expects organized retail crime-fueled losses to jump by $500 million this year
19/05/2023

Target expects organized retail crime-fueled losses to jump by $500 million this year

Other retailers such as Home Depot and Walmart have also spoken out about rising theft and blamed online marketplaces.

Bath & Body Works’ stock surges after it raises guidance, beats on earnings
19/05/2023

Bath & Body Works’ stock surges after it raises guidance, beats on earnings

Bath & Body Works saw year-over-year declines in sales and profits in its fiscal first quarter, but its stock surged after it raised its guidance for the year.

Bentley CEO says customization craze among the wealthy is boosting profit
19/05/2023

Bentley CEO says customization craze among the wealthy is boosting profit

The rise of customization is driving record profits across the supercar segment, from Rolls-Royce and Ferrari to Lamborghini, Aston Martin and McLaren.

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