More colleges set to close even as top schools experience application boom
Even as college applications surge, a number of institutions are in financial jeopardy.
Amazon closes deal to buy primary care provider One Medical
The e-retailer agreed last July to acquire One Medical to deepen its presence in health care.
Dillard’s downgraded at JPMorgan, citing disappointing fourth-quarter results
The bank highlighted weaker sales and increased markdowns during the holiday season as troubling signs for the retailer.
Intel slashes dividend by over 65%, to 12.5 cents
Intel slashed its dividend from 36.5 cents to 12.5 cents, a 65% reduction that comes just weeks after the chipmaker announced wide-ranging compensation cuts.
NASA’s $3.5 billion plan to redesign its aging spacesuits
NASA’s turning to commercial companies Axiom Space and Collins Aerospace, a subsidiary of Raytheon Technologies, to build and maintain its new spacesuits.
Terran Orbital surges 71% after winning $2.4 billion contract to build satellites for Rivada
Terran Orbital shares surged after the company announced a $2.4 billion contract to build communications satellites for Rivada.
There’s ‘nothing thesis-changing’ about Coinbase despite fourth-quarter beat, some Wall Street firms say
The cryptocurrency exchange topped earnings and revenue estimates in its fourth-quarter earnings, but it also posted user numbers that disappointed analysts.
UBS downgrades Logitech, cites rising competition for the computer peripherals maker
The Swiss-American company will have to navigate several challenging quarters amid rising inflation and a weaker consumer, read a UBS note.
Jennifer McClellan makes history as the first Black woman elected to Congress in Virginia
The Democratic state senator won a special election Tuesday in Virginia’s 4th Congressional District.
Citi upgrades Alcoa, says aluminum producer is a buy with China reopening
The bank upgraded shares to buy from neutral, saying Alcoa is about to get a boost from the world’s second largest economy.
