The space economy grew at fastest rate in years to $469 billion in 2021, report says
The global space economy grew last year at the fastest annual rate since 2014, according to a report by the Space Foundation.
CNBC US News
Facebook parent Meta raises price of its Quest 2 VR headset by $100
Meta is asking consumers to pay more for its headsets as the company pushes its business towards the metaverse.
The Mega Millions jackpot has now surged to $1.02 billion. Here's the tax bill if you win
With no ticket matching all six numbers drawn Tuesday, the jackpot has passed the $1 billion mark for Friday night's drawing.
Boeing takes additional charge for Starliner astronaut capsule, bringing cost overruns to near $700 million
Boeing disclosed a charge of $93 million in the second quarter for its Starliner astronaut capsule program.
Scientists identify likely cause of mysterious children's liver disease
Scientists in the U.K. say they have identified the likely cause of a recent outbreak of mysterious liver disease afflicting young children around the world.
Mortgage demand declines further, even as interest rates drop a bit
Mortgage demand continues to drop, even though interest rates have come down slightly from recent highs.
Microsoft misses estimates but stock up 5% on rosy guidance
Microsoft said it would have had more revenue in the quarter were it not for unfavorable foreign-exchange rates and tougher PC and advertising markets.
Shopify stock sinks 14% after company says it will lay off 10% of workers
In a memo to staff, Shopify CEO Tobi Lutke acknowledged he had misjudged how long the pandemic-driven e-commerce boom would last.
WWE at crossroads as Vince McMahon's retirement and scandals heighten sale speculation
WWE can either move forward with sale discussions or take the business in new creative directions as Vince McMahon retires from his executive roles.
Bill to boost U.S. chip production and competition with China clears key Senate hurdle
The CHIPS-plus bill includes roughly $52 billion in funding for U.S. companies producing computer chips, among other provisions.
Apple's earnings will give a peek into the mindset of the high-end consumer
This year analysts and investors will be closely watching Apple's earnings because the company could be affected by many different macroeconomic conditions.
Chipotle price hikes drive profit growth – and the chain says more increases are coming
Chipotle shares have fallen 25% this year, dragging its market value down to $37.16 billion.
Here's how to know if we're in a recession, and it's not what you think
Officially, the NBER defines recession as "a significant decline in economic activity that is spread across the economy and lasts more than a few months."
Twitter says it significantly slowed hiring during the second quarter
Twitter said on Tuesday that the company "significantly slowed hiring" in the second quarter.
U.S. Treasury yields edge lower ahead of key Fed decision
U.S. Treasury yields fell on Tuesday as investors geared up for more corporate earnings this week and a key policy decision from the Federal Reserve.
McDonald's says higher prices, value items helped boost U.S. sales
Shares of McDonald's have fallen more than 6% this year, dragging its market value down to $185.2 billion.
Coca-Cola's earnings top expectations as sales volume recovers from pandemic
Coke reported quarterly earnings and revenue Tuesday that exceeded analysts' expectations.
IMF slashes global GDP forecast as economic outlook grows 'gloomy and more uncertain'
The International Monetary Fund on Tuesday cut its global growth projections for 2022 and 2023, dubbing the world's economic outlook "gloomy and more uncertain."
Nearly half of all Americans are falling deeper in debt as inflation continues to boost costs
With inflation hitting a 40-year high, Americans are struggling to keep up with rising prices and putting less money aside for emergencies, several studies show.
The Mega Millions jackpot is now up to $830 million. Here's how much would go to taxes if there's a winner
Ahead of Tuesday night's draw, the jackpot has already been adjusted upward twice and now is an estimated $830 million.
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