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Business

Watch live: U.S. House Speaker Kevin McCarthy speaks on the debt

(The stream is slated to start at 5:30 p.m. ET. Please refresh the page if you do not see a video above at that time.) House Speaker Kevin McCarthy will deliver an address Monday on the debt ceiling. His speech comes a day before President Joe Biden is scheduled to give the annual State of […]

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Business

Hispanic dialysis patients face 40% higher risk of staph

Hispanic dialysis patients face a 40% higher risk of developing a staph bloodstream infection compared with whites, underscoring economic and racial disparities in the U.S. health-care system, according to new data released Monday by the Centers for Disease Control and Prevention. Adults on dialysis for kidney failure were 100 times more likely to contract staph […]

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Business

Canoo’s shares sink after EV maker agrees to sell $52 million in

The Lifestyle Vehicle electric minivan from Canoo. Source: Canoo Shares of electric vehicle startup Canoo were sharply lower in early trading on Monday after the company said that it has agreed to sell discounted shares to raise $52.5 million. The stock opened Monday at $1 per share, off 20%. It’s lost more than 80% of […]

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Business

Inside the ‘Wormhole,’ Relativity Space’s monster factory

The exterior of “The Wormhole” factory. Relativity Space LONG BEACH, California – It was a few days into the new year yet Relativity Space’s factory was anything but quiet, a din of activity with massive 3D printers humming and the clanging of construction ringing out. Now about eight years on from its founding, Relativity continues […]

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Business

U.S. plans to stop buying Covid shots for the public this fall.

A pharmacist delivers a COVID-19 booster dose at a Chicago CVS store in October. Antonio Perez | Tribune News Service | Getty Images The U.S. will stop buying Covid shots at reduced price for the entire country and shift vaccine distribution to the private market as soon as early fall, shifting the cost to U.S. […]

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Finance

Couple turn £5k into six-figure snack business after ‘instant

Jagir and Nirali Mankodi took a career break in 2016 to go backpacking but, little did they know, the trip would soon “change their lives forever”. Express.co.uk spoke to the founders of Superfoodio to find out how they managed to turn £5,000 into a business “on track” to turn over half a million pounds. Venturing across to South […]

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Business

Tech stocks just finished a five-week rally — the longest stretch

Tech stocks on display at the Nasdaq. Peter Kramer | CNBC The Nasdaq just wrapped up its fifth straight week of gains, jumping 3.3% over the last five days. It’s the longest weekly winning streak for the tech-laden index since a stretch that ended in November 2021. Coming off its worst year since 2008, the […]

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Business

Southwest faces Senate hearing next week following holiday

John and Lori Ingoldsby, who drove to Denver after the first leg of their flight on Southwest Airlines was canceled, wait for a flight to finish their trip at Denver International Airport on December 28, 2022 in Denver, Colorado. Michael Ciaglo | Getty Images Southwest Airlines‘ chief operating officer, Andrew Watterson, will face questions from […]

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Business

Biden administration expands EV tax credits in boost for Tesla,

A Tesla Model Y on display inside a Tesla store at the Westfield Culver City shopping mall in Culver City, California, U.S., on Thursday, April 14, 2022. Bing Guan | Bloomberg | Getty Images DETROIT – The U.S. Treasury said Friday it is changing its definition of an “SUV” to make more electric vehicles from […]

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Business

Venture capital for Black entrepreneurs plummeted 45% in 2022,

Bea Dixon, the CEO and co-founder of The Honey Pot Company Courtesy: Honey Pot Company In 2016, Beatrice Dixon had finally secured a deal with Target to carry her line of feminine care products. But she had one problem: She was still making them in the kitchen of her Atlanta home, and she needed to […]