Tag: business news

2024-08-25

‘Rare’ opportunity to invest in VC stock set for 130% upside: Analysts

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Business

Shares of Molten Ventures are expected to soar by 130% over the next 12 months, according to one investment bank. The London-listed stock of the tech venture capitalist company is a “rare” and “attractive” investment opportunity thanks to several factors, according to Berenberg’s analysts. First, Molten’s shares fell by 65% last year in tandem with its peers in the…

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2024-08-25

Huge explosion rips through Houston building, heard for miles around

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Explosion in Houston captured on home video Source: Joey Charpentier A massive explosion at a machine shop ripped through a Houston neighborhood early on Friday morning, killing at least two people and damaging homes while sending out blast waves for miles. The pre-dawn explosion devastated two working-class neighborhoods surrounding the Watson Grinding and Manufacturing facility in northwest Houston, leaving…

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2024-08-25

Harris says Trump ‘wants to be an autocrat’ in acceptance speech

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Vice President Kamala Harris said Republican presidential nominee Donald Trump “wants to be an autocrat,” as she accepted the Democratic presidential nomination in Chicago on Thursday night. “I will not cozy up to tyrants and dictators like Kim Jong-Un, who are rooting for Trump,” said Harris. “Because they know he is easy to manipulate with flattery and favors,” the…

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2024-08-25

Trump DJT stock could be sold within weeks

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A smartphone displays the logo of Donald Trump’s Truth Social app on March 25, 2024. Anna Barclay | Getty Images Former President Donald Trump will soon be free to start unloading his multibillion-dollar stake in his fledgling social media startup, Trump Media. But the potential payday — Trump’s stake comprises more than half of his on-paper net worth, per…

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2024-08-24

Walmart adds Burger King benefit for Walmart+ members

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Business

A Burger King Whopper hamburger is displayed in San Anselmo, California, on April 5, 2022. Justin Sullivan | Getty Images Walmart members are in for a whopper of a deal. The retailer on Thursday announced a new partnership with fast-food chain Burger King that will offer members of its Walmart+ subscription program 25% off any Burger King order made…

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2024-08-24

Cava Group (CAVA) earnings Q2 2024

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Business

Cava on Thursday raised its full-year outlook as its restaurants reported strong traffic, fueling better-than-expected quarterly earnings and revenue. Shares of the company rose 9% in extended trading. The stock has more than doubled its value this year, bringing Cava’s market cap up to about $11.6 billion, as of Thursday’s close. Here is what the company reported for the…

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2024-08-24

How hydrogen could change the future of space exploration

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Two Japanese companies have teamed up to achieve one big goal: producing hydrogen on the moon.  Takasago Thermal Engineering has designed a mini electrolyzer that can adapt to low gravity and endure a rocket’s intense vibrations during liftoff. Once in space, the hydrogen-making machine will be operated remotely from ispace’s Mission Control Center in Tokyo.  “We started to study…

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2024-08-23

GM-owned Cruise will partner with Uber to offer driverless rides

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A Cruise autonomous taxi in San Francisco, California, US, on Thursday Aug. 10, 2023.  David Paul Morris | Bloomberg | Getty Images Uber Technologies and General Motors’ Cruise have agreed to a multi-year partnership, under which the embattled autonomous vehicle company plans to offer driverless rides to Uber users as soon as next year. The Thursday announcement comes as…

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2024-08-23

Peloton (PTON) earnings Q4 2024

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Business

Peloton said Thursday it is digging itself out of the red and eked out a slight sales increase for the first time in nine quarters as it slashed its overall losses.  The company’s shares spiked 35% on Thursday. The beleaguered connected fitness company, which two board members have run since former CEO Barry McCarthy resigned earlier this year, saw…

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