business news

Record funding boosts Denver-Boulder’s life sciences market

Record funding boosts Denver-Boulder’s life sciences market

The Denver-Boulder region is becoming a major hub for the life sciences industry due to the growth of venture capital and government funding, a collaborative research environment and a booming market for laboratory space. The pool of skilled life sciences workers is growing much faster in the Denver-Boulder area than the national average. “Boulder has …

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Biden to announce details of new student loan forgiveness plan

Biden to announce details of new student loan forgiveness plan

President Joe Biden on February 21, 2024 visiting a library in Culver City, California. Irrfan Khan | Los Angeles Times | Getty Images The news comes less than a year after the Supreme Court rejected his first attempt to cancel up to $20,000 of student debt per borrower. Conservative justices ruled that effort unconstitutional in …

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The Court of the Supreme Court of Brazil opens an investigation against Elon Musk

The Court of the Supreme Court of Brazil opens an investigation against Elon Musk

Brazilian President Jair Bolsonaro and Tesla CEO Elon Musk talk during a meeting in the city of Porto Feliz in the state of Sao Paulo, Brazil, May 20, 2022. Kenny Oliveira | MCom | via Reuters The orders follow threats of open defiance posted by Musk on his X account, where he now has 180.2 …

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Job growth is expected again in March.  What to look for in Friday’s report

Job growth is expected again in March. What to look for in Friday’s report

A man works on a Bowlus recreational vehicle at the Bowlus factory in Oxnard, California, on February 23, 2024. Timothy Eppel | Reuters The March nonfarm payrolls count is likely to show that hiring continues at a steady pace, although some weakening fundamentals in the labor market may come into sharper focus when the Labor …

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Trump Media is the most expensive U.S. stock to break — hands down

Trump Media is the most expensive U.S. stock to break — hands down

But many people are still willing to pay those high costs, based on their belief that Trump Media’s stock price will fall dramatically from Wednesday’s close of $48.81. Investors who want to borrow Trump Media shares to sell short on Wednesday will have to pay annual financing costs of between 750% and 900% of the …

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How the Coast Guard is launching ships into Baltimore Harbor to clean up the bridge

How the Coast Guard is launching ships into Baltimore Harbor to clean up the bridge

Commercial ships can now return to the Baltimore Harbor Ship Channel to remove debris from the collapsed Francis Scott Key Bridge. The Coast Guard approves each vessel on a case-by-case basis with strict vessel restrictions. It remains unclear how long it will be before the Port of Baltimore reopens to container traffic, and ocean carriers …

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PMI in China, Tankan in Japan, Inflation in the US

PMI in China, Tankan in Japan, Inflation in the US

An hour ago Factory activity in South Korea contracted in March South Korea’s factory activity fell into contraction territory in March, after two straight months of expansion. The domestic Purchasing Managers’ Index came in at 49.8, down from 50.7 in February. S&P Global wrote in its report that panel members largely attributed this to subdued …

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The world’s largest shipping company has transferred the port cargo problem to American companies

The world’s largest shipping company has transferred the port cargo problem to American companies

MSC, the world’s largest ocean carrier, has joined the list of ocean carriers suspending the delivery of diverted out-of-port containers to shipping customers as a result of the container ship incident off the Port of Baltimore that led to the tragic bridge collapse. With the Port of Baltimore closed indefinitely, the ruling places the burden …

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The world’s largest shipping company has transferred the port cargo problem to American companies

The world’s largest shipping company has transferred the port cargo problem to American companies

MSC, the world’s largest ocean carrier, has joined the list of ocean carriers suspending the delivery of diverted out-of-port containers to shipping customers as a result of the container ship incident off the Port of Baltimore that led to the tragic bridge collapse. With the Port of Baltimore closed indefinitely, the ruling places the burden …

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Boeing takes on back-up role in flying NASA astronauts

Boeing takes on back-up role in flying NASA astronauts

A Boeing Crew Transport Vehicle moves through NASA’s Kennedy Space Center carrying astronauts Sunny Williams and Barry Wilmore during a pre-launch simulation on January 31, 2024. Amber Jean Novest/NASA CNBC’s Space Investing Newsletter offers insight into the business of space exploration and privatization, delivered straight to your inbox. CNBC’s Michael Sheetz reports and curates the …

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