American Airlines will move ahead with plans to furlough 19,000 workers on Thursday after talks for a national coronavirus aid package failed in Washington, but the airline is prepared to reverse course if a deal is reached, its CEO said.
Tesla shares slid 9% on Thursday, building on the stock’s recent losses.
With Thursday’s decline, the shares are more than 18% below Monday’s close, a day when the stock surged following its split.
On Tuesday Tesla said it would raise up to $5 billion through a new stock offering, and on Wednesday the company’s largest outside shareholder said it reduced its position due to portfolio restrictions.
NASA has released images of Hurricane Laura in the south and of the California wildfires, which bring the scope of the weather events into focus.
And both are connected to climate change, according to Paul Ullrich, associate professor of regional and global climate modeling at the University of California Davis.
Tempus was formed to help identify cures for a variety of illnesses, from cancer to depression and now Covid-19.
The health-care company conducts genomic tests and analyzes clinical data in a patient’s electronic health-care records, anything from medical imaging to a doctor’s handwritten notes.
Former FDA Commissioner Scott Gottlieb is on the Tempus board of directors, and the company is valued at $5 billion by investors.
Digital lending start-up Blend raised $75 million in fresh funding at a valuation of almost $1.7 billion, a jump of more than 70% from its previous round a year earlier, CNBC has learned.
Refinance application volumes jolted more than 1,000% higher in March, and purchase applications climbed by more than 100% every month since May, according to company figures.
The Series F funding round was led by Canapi Ventures, a fintech VC fund that is backed by the banking industry and led in part by Gene Ludwig, a former U.S. regulator who founded the Promontory Financial Group.
The start-up, launched in 2013 with a free-trading model, has been mimicked by incumbent brokerage firms including Charles Schwab, Fidelity and TD Ameritrade.
Retail brokers are seeing record new account openings this year despite the pandemic.
In May, Robinhood brought in $280 million of fresh capital, boosting its valuation to $8.3 billion, even after its trading technology stumbled badly during the coronavirus crash.
Delta has aggressively pursued investments in foreign airlines in recent years to help grow abroad.
The carrier posted charges of more than $2 billion related to those soured investments.
International air travel demand has plunged in the pandemic due to weak demand and travel restrictions.
The U.K. has pledged to invest $500 million in bankrupt satellite-broadband company OneWeb.
OneWeb is developing a satellite network that’s designed to beam high-speed, low latency internet to Earth.
Shares of Lemonade, an digital insurance company, soared more than 138% in its Thursday market debut.
The company’s stock opened at $50.06 after pricing at $29 per share Wednesday.
Lemonade offers insurance to renters and homeowners with the use of artificial intelligence and chatbots.
Boeing is pursuing $60 billion in U.S. government aid to help prop up a U.S. aerospace manufacturing supply chain already reeling from the year-old grounding of its previously fast-selling 737 Max jetliner after fatal crashes.
