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Investing

Sierra Space CEO leaves as $5 billion company pushes to launch space plane

Sierra Space CEO Tom Vice has left the company, CNBC confirmed Monday. In a statement, Sierra Space said Vice retired Dec. 31. Chairman Fatih…
Investing

U.S. Steel sues Biden admin, union boss after president blocks acquisition deal

U.S. Steel and the Japanese firm that had sought to acquire it are suing the Biden administration after the president announced he…
Investing

McDonald’s is the latest company to roll back diversity goals

Four years after launching a push for more diversity in its ranks, McDonald’s is ending some of its diversity practices, citing a…
Investing

FTC chair hopes Amazon, Facebook won’t get ‘sweetheart deal’ from Trump in antitrust cases

Federal Trade Commission Chair Lina Khan said Tuesday she hopes the incoming Trump administration will not let Amazon and Facebook parent Meta off the hook from pending…
Investing

Disney to combine its Hulu+ Live TV with streamer Fubo

Disney will combine its Hulu+ Live TV service with Fubo, merging together two internet TV bundles, the companies announced on Monday. Disney will become…
Investing

Vail stock struggles as strike leads to long lines at Park City Mountain

Vail Resorts shares have dropped in recent weeks as a labor dispute roiled one of America’s most prominent skiing destinations. The Park City…
Investing

The fight over credit card swipe fees enters a new year with no end in sight

Many small businesses are breathing a bit easier as inflation has cooled and the race for workers slows. But consumers’ steady embrace…
Investing

Biden blocks Japan’s Nippon Steel from $15 billion takeover of U.S. Steel

President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S. Steel by the Japanese company…
Investing

What’s Turo? The ‘Airbnb of cars’ was used in New Orleans and Las Vegas incidents

An online car rental service is under scrutiny after it was used in two incidents Wednesday. The platform, Turo, is known as…
Investing

The plane that crashed in South Korea is one of the world’s most popular aircraft

Accident investigators are trying to figure out what caused a Jeju Air flight to belly land without its landing gear down at…
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