NASA private space station contracts: Blue Origin, Nanoracks, Northrop

Concept art for the space station “Starlab” Nanorax NASA has awarded three companies contracts to develop private space stations, as the agency prepares to retire from the International Space Station. The agency announced Thursday that Jeff Bezos’ Blue Origin, Northrop Grumman and Nanorak were awarded $415.6 million under NASA’s Leo Designs (CLD) commercial venture. Nanoracks … Read more

SoftBank-backed Grab begins trading after completing SPAC merger

Indonesia Escort cyclists waiting for passengers in Jakarta. Afif Si Kasuma | iStock Editorial | Getty Images Southeast Asia passenger services giant Grab began trading on the Nasdaq on Thursday, becoming the largest company ever to close a SPAC merger and public offering. The shares opened at $13.06 per share, under the ticker symbol “GRAB,” … Read more

Apple stock falls on report of weak iPhone demand for holidays

A man walks past an iPhone 13 Pro advertisement on an Apple storefront in Krakow, Poland on September 30, 2021. Jacob Borzeki | Norfoto | Getty Images Apple shares fell more than 3% in pre-market trading Thursday after a Bloomberg report that said the company warned that its suppliers’ demand for new iPhones this holiday … Read more

5 things to know before the stock market opens Thursday, Dec. 2

Here are the top news, trends and analysis that investors need to start their trading day: 1. Wall Street braces for a rally after the first US omicron case leads to heavy selling Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, December 1, 2021. Brendan McDermid | … Read more

Twenty years after epic bankruptcy, Enron leaves a complex legacy

A logo lights up in front of the new corporate headquarters of Houston-based energy trading company Enron on November 29, 2001 in Houston, Texas. James Nielsen | Getty Images The Enron bankruptcy on December 2, 2001, led to an epic scandal, nearly two dozen criminal convictions, and sweeping government reforms. Enron has become a perennial … Read more

MLB lockout begins as owners and players remain at impasse

Los Angeles Dodgers quarterback Cody Bellinger (35) steals second base while St. Louis Cardinals captain Tommy Edman (19) hits second during the seventh inning at Dodger Stadium. Robert Hanashiro | USA Today Sports Major League Baseball’s collective bargaining agreement officially expired at midnight Thursday, and team owners voted to shut down players after failing to … Read more

Tencent exec says WeChat Pay will soon be available ‘in all places’

A QR code for Tencent and Alipay’s WeChat digital payment services by Ant Group, a subsidiary of Alibaba Group, is displayed in a parking lot on December 27, 2020, in Yichang, Hubei Province, China. Wang Jianfeng | China Optical Group | Getty Images GUANGZHOU, China – Barriers between China’s tech rivals such as Alibaba and … Read more

WeWork will restate earnings of SPAC sponsor BowX

Marcelo Clore, Chairman of WeWork, Inc. , speaks during an interview at WeWork’s IPO on the floor of the New York Stock Exchange (NYSE) in New York City, US, October 21, 2021. Brendan McDermid | Reuters Just over a month after it debuted on the public market, WeWork has already run into a snag with … Read more