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Virgin Galactic pilots walk to the company’s SpaceShipTwo Unity spacecraft, attached to the jet carrier aircraft Eve. Virgin Galactic Shares of Virgin Galactic climbed as a notice from the Federal Aviation Administration indicated that the company’s next spaceflight test is on track to launch as early as Saturday. An FAA notice posted on Thursday said

A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Brokerage firm Charles Schwab said Wednesday it is laying off about 200 employees from the combined Schwab-TD Ameritrade company. This is the most recent round of layoffs, following a purge of 1,000

The contents of the Starlink Kit for customers, which includes the satellite antenna dish, a stand, its power supply, and a WiFi router. SpaceX SpaceX once again widened the scope of the public beta test of its Starlink satellite internet service, with Elon Musk’s company on Monday beginning to accept preorders from potential customers. Prospective

Billionaire investor Sam Zell told CNBC on Tuesday that some deals involving special purpose acquisition companies remind him of the speculation in internet companies during the 1990s dot-com bubble. In an interview on “Squawk Box,” Zell said he believes SPACs do offer positive benefits for investors who buy in at the creation of the so-called blank check

If anybody on Wall Street is due a victory lap, it’s Daniel Pinto. The head of JPMorgan Chase‘s massive corporate and investment bank is fresh off a year for the record books: Pinto’s business produced $49.3 billion in revenue and $17.1 billion in profit in 2020, more earnings than JPMorgan’s three other divisions combined. But

Ron Baron, founder of Baron Capital, is a Tesla shareholder and a big believer in Elon Musk’s vision of the future. Baron believes Tesla can grow sales to $1 trillion in 12 years.  Anjali Sundaram | CNBC Billionaire investor Ron Baron told CNBC on Monday he believes Tesla’s bitcoin purchase is “not surprising,” but the longtime

Robinhood was sued Monday for wrongful death by the family of Alex Kearns, a 20-year-old customer who took his life last summer after believing he had racked up big losses on the millennial-favored stock trading app. “This case centers on Robinhood’s aggressive tactics and strategy to lure inexperienced and unsophisticated investors, including Alex, to take

Hundreds of unemployed Kentucky residents wait in long lines outside the Kentucky Career Center for help with their unemployment claims on June 19, 2020 in Frankfort, Kentucky. While the economic recovery has brought back jobs since the lowest point of the Covid-19 crisis, millions of Americans remain unemployed. John Sommers II There is a contentious

A United Parcel Service worker delivers packages in New York City. Stephanie Keith | Getty Images Volatility has made its way back to Wall Street. Over the last few weeks, the trading mania related to GameStop and AMC Entertainment has hogged headlines, after a group of retail investors banded together to bid up the share

Cavan Images | Cavan | Getty Images Hunter S. Thompson famously coined the phrase ‘Buy the ticket, take the ride.’ Investors should heed the words of the cannabis iconoclast as they consider if, and most importantly when, to invest in the nascent, but booming U.S. cannabis sector.  This past week, Senate Majority Leader Chuck Schumer