General Business

Peloton insiders bought almost $500 million in inventory earlier than its massive drop

peloton Executives and insiders sold nearly $500 million worth of their stock ahead of the big drop, according to filings with the Securities and Exchange Commission. Peloton stock is down more than 80% from its highs over the last year, hitting a 52-week low of $29.11 on Tuesday. But the company’s CEO and other executives […]

General Business

Fanatics acquires Topps buying and selling playing cards for $500 million

Topps’ 2016 season baseball cards will be displayed during an event in New York City. Kris Connor | Getty Images Michael Rubin’s e-commerce company Fanatics has acquired Topps trading cards, sources close to the deal confirmed to CNBC Monday evening. The terms of the deal weren’t available, but industry circles put the deal at around […]

General Business

No Means Dwelling’ Friday field workplace hits $121.5 million

Tom Holland and Benedict Cumberbatch play the roles of Peter Parker and Doctor Strange in Spider-Man: No Way Home. Sony “Spider-Man: No Way Home” breaks pandemic cinema records. Between Thursday preview and Friday Showtimes, the latest Marvel Cinematic Universe flick has $ 121.5 million in domestic ticket sales. “As the industry prepped for the first […]

General Business

The UK braces for 1 million omicron instances as Covid variant spreads

A fan wearing a face mask looks on during the Sky Bet Championship game between Nottingham Forest and Fulham at the City Ground on October 24, 2021 in Nottingham, England. Naomi Baker | Getty Images Sports | Getty Images LONDON – The surge in Omicron-Covid cases in the UK is so steep that the country […]

General Business

House firm Loft Orbital raises $140 million from BlackRock

The company’s YAM-2 spacecraft during integration for launch. Loft orbital Loft Orbital, a space infrastructure startup, raised $ 140 million in a new round of funding led by investment giant BlackRock. The San Francisco-based company launched its first space missions earlier this year, with Loft planning to use the new capital to scale its business […]

General Business

Marvel’s ‘Eternals’ tallies a $71 million opening at home field workplace

(LR) Lauren Ridloff, Don Lee, Angelina Jolie, Richard Madden, Salma Hayek, Gemma Chan, Lia McHugh and Brian Tyree Henry star in Marvel’s “Eternals”. Disney “Eternal” can be the lowest-rated film in the Marvel Cinematic Universe, but that didn’t stop moviegoers and ardent fans of the franchise from going to theaters. The film garnered $ 71 […]

General Business

World Covid deaths hit 5 million as pandemic takes staggering toll

Two women walk next to graves of people who died due to coronavirus disease (COVID-19) in the Parque Taruma cemetery in Manaus, Brazil, on May 20, 2021. Bruno Kelly | Reuters More than 5 million people have died of Covid-19 in less than two years as the world continues to battle the highly contagious Delta […]

General Business

Southwest Airways’ October flight cancellations value provider $75 million

Passengers check in for a Southwest Airlines flight at Orlando International Airport in Orlando, Florida, the United States, on October 11, 2021. Joe Skipper | Reuters Southwest Airlines on Thursday said mass flight cancellations and delays that disrupted travel for tens of thousands of customers earlier this month cost $ 75 million. Southwest based in […]

General Business

‘No Time to Die’ scores $119 million in worldwide debut

Daniel Craig plays James Bond in No Time To Die. MGM The latest James Bond movie won’t hit the US until Friday, but it’s already making waves internationally. “No Time to Die” grossed an estimated $ 119.1 million in international ticket sales over the weekend, making it the Motion Picture Association’s first pandemic-era title to […]

General Business

Lordstown Motors to promote Ohio plant to Foxconn for $230 million

Lordstown Motors has reached a fundamental agreement to sell its giant Ohio assembly plant to iPhone maker Foxconn for $ 230 million, the companies said late Thursday. Under the agreement, the Taiwan-based electronics contract manufacturer will assemble Lordstown Motors’ first product, an all-electric pickup truck called Endurance, which the company plans to manufacture and sell […]