GameStop Chairman Ryan Cohen.Source: CNBCGameStop said Thursday morning that billionaire activist investor Ryan Cohen would take over as the video game retailer's chief executive.Shares of the company jumped nearly 10% in premarket trading following the announcement. GameStop was part of the meme stock craze of 2020 and 2021.GameStop said...
An uncaptioned image posted on the company's website appears to show Starshield technology in orbit.SpaceXThe Pentagon has awarded Elon Musk's SpaceX its first confirmed contract for the Starshield network it's developing, a military-specific version of the company's Starlink satellite internet system, the defense agency said Wednesday.A Space Force spokesperson...
In this photo illustration, Farxiga is made available to customers at the New City Halsted Pharmacy on August 29, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesAstraZeneca, Bristol Myers Squibb and Boehringer Ingelheim on Wednesday told CNBC they will agree to participate in the first round of Medicare drug...
The moment of the anomaly during the New Shepard cargo mission NS-23, in which the booster's engine failed.Blue OriginThe Federal Aviation Administration closed its investigation into last year's failed flight of a cargo mission by Jeff Bezos' Blue Origin, the regulator announced Wednesday.Blue Origin is required by the FAA...
The Micron Technology Inc. offices in Shanghai on April 6, 2023.Qilai Shen | Bloomberg | Getty ImagesCheck out the companies making headlines in extended trading.Micron Technology — The chip stock slid 4% in extended trading after Micron offered weaker-than-expected earnings guidance for the current quarter. Micron said to expect...
Jen Van Santvoord rides her Peloton exercise bike at her home in San Anselmo, California.Ezra Shaw | Getty ImagesPeloton shares spiked Wednesday after the company announced a five-year partnership to develop digital fitness content for Lululemon. As part of the agreement, Lululemon will become Peloton's primary athletic apparel provider....
Members of the United Auto Workers (UAW) Local 230 and their supporters walk the picket line in front of the Chrysler Corporate Parts Division in Ontario, California, on September 26, 2023, to show solidarity for the "Big Three" autoworkers currently on strike. Patrick T. Fallon | AFP | Getty ImagesDETROIT...
Pavlo Gonchar | Lightrocket | Getty ImagesCheck out the companies making headlines in midday trading.Media stocks — A handful of media and studio stocks rose Wednesday after the nearly 150-day writer strike ended. Shares of Warner Bros. Discovery and Paramount Global jumped more than 2.5%, while Comcast added 0.9%....
Coca-Cola Co.'s Minute Maid and Simply Orange brand orange juices sit on display in a supermarket in Princeton, Illinois.Daniel Acker | Bloomberg | Getty ImagesOrange juice is the latest item to succumb to higher prices at the grocery store, with futures on the commodity good reaching an all-time high...
A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, U.S. March 29, 2023. George Frey | ReutersU.S. health care providers wrote more than nine million prescriptions for Ozempic, Wegovy and similar diabetes...