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Bridgit Mendler is no stranger to reaching millions of people — now she wants to change how satellite data reaches the ground. "The vision is a data highway between Earth and space," Mendler told CNBC. "Space is getting easier along so many different dimensions but still the actual exercise of sending data to and from space is difficult. Rather than build rockets or satellites, Northwood aims to mass produce ground stations. Also known as teleports, ground stations are the typically large and often circular antennas that connect to satellites in space.
Persons: Bridgit Mendler, The Beverly Hilton, Bridgit, , Charlie, Mendler, Andreessen Horowitz, Griffin, Luthra, Lockheed Martin Organizations: The Beverly, Disney Channel, Massachusetts Institute of Technology, Harvard Law School, Federal Communications, Space Bureau, CNBC, Northwood, Founders Fund, Lockheed, Mitre Corporation, Space Locations: Beverly Hills , California, Waverly, El Segundo , California
But as data emerges on degreeless hiring, there are signs that some of these efforts may be falling short. It's based on limited data and doesn't consider alternative pathways that people without degrees use to join organizations, such as through apprenticeships and internships. But it's still a snapshot look at how some of the top employers in the U.S. are doing in their efforts to hire more workers based on skills versus degree attainment. Rather, it implies managers may be reticent to hire people without degrees, absent specific policies to assess these workers' skills. Companies that have been successful with skill-based hiring also articulate clearly the skills they require for a job, even before posting it.
Persons: it's, Matt Sigelman, What's, Sigelman, Schultz, Joseph Fuller, Fuller, Tyson, Lockheed Martin, Kroger, Stellantis, Backsliders, Meijer, Delta Organizations: Burning Glass Institute, Harvard Business School, Glass Institute, Workers, American, Foundation, Walmart, Apple, GM, Koch Industries, General Motors, Target, Tyson Foods, ExxonMobil, Yelp, Bank of America, Oracle, Companies, Lockheed, Stellantis, CNBC, Amazon, Nike, Delta, Uber, HSBC, Novartis, Delta Air Lines, US Foods Locations: U.S, Meijer
A model of Comac's C919 aircraft at the Singapore Airshow on Feb. 6, 2018. SINGAPORE — China is gearing up to showcase its narrow-body passenger jet to a global audience for the first time at the Singapore Airshow. Touted as a competitor to Boeing's 737 and the Airbus 320, the Comac C919 is quickly turning out to be one of the most anticipated features at this year's event. "Flying for the first time at the Singapore Airshow, is the C919, a narrow-body airliner developed by Chinese aircraft manufacturer Comac," Singapore Airshow organizer and manager Experia Events said in a statement. The Singapore Airshow is a fantastic opportunity for Comac particularly given the current situation with Boeing," Brendan Sobie of Sobie Aviation told CNBC.
Persons: Experia, Lockheed Martin, Thales, Brendan Sobie, Sobie Organizations: Singapore, Singapore Airshow, Airbus, Commercial Aircraft Corporation of China, Civil Aviation Administration, China, Aerospace, Boeing, Lockheed, Dassault, SAAB, Leonardo, Sobie Aviation, CNBC Locations: SINGAPORE — China, Singapore, China
AdvertisementBank of America, Amazon, and Lockheed Martin are among the large companies that promised they'd drop college degree requirements in their job listings. But their hiring practices are still the same, according to a new study from Harvard Business School and the Burning Glass Institute: they're still hiring college grads. "While we can't verify the methodology of this survey based on the information shared, the conclusions aren't accurate," an Amazon spokesperson told BI. AdvertisementIn 2018, Lockheed Martin said it announced a five-year initiative to create 8,000 apprenticeships, which it completed ahead of schedule. "We invest in the right outreach efforts to hire the best talent to reflect our community," a Lockheed Martin spokesperson told BI.
Persons: , Lockheed Martin, they'd, Lockheed Martin —, Uber, didn't, don’t, haven't Organizations: Service, Bank of America, Lockheed, Harvard Business School, Glass, Companies, Walmart, Apple, Target, Nike, Uber, Amazon Locations: Delta
Japan Takes Another Shot at Next-Generation H3 Rocket Launch
  + stars: | 2024-02-14 | by ( Feb. | At P.M. | ) www.usnews.com   time to read: +5 min
The Japan Aerospace Exploration Agency (JAXA) plans to launch its second H3 on Saturday from its Tanegashima Space Center in southern Japan. The setbacks of the H3 and another small rocket, Epsilon, have caused widespread delays in Japanese satellite launches. Saturday's H3 launch carries a dumbbell-shaped 2.6-ton dummy mass simulating a satellite payload. Launch operator Mitsubishi Heavy hopes to launch six H3s a year once stable production is established. Another objective is to win orders from global clients, as satellite launch demands have skyrocketed thanks to affordable commercial vehicles such as SpaceX's reusable Falcon 9.
Persons: Kazuto Suzuki, Masayuki Eguchi, Lockheed Martin, Masashi Okada, Okada, Ko Ogasawara, Ogasawara, Kairos, Kantaro Komiya, Gerry Doyle Organizations: SLIM, University of Tokyo, Japan Aerospace Exploration Agency, JAXA, Mitsubishi Heavy Industries, Mitsubishi, Epsilon, Canon Electronics, U.S, European Space Agency, United Launch Alliance Vulcan, Boeing, Lockheed, Tokyo University of Science, Technologies Locations: TOKYO, Japan, United States, India, Tokyo
WARSAW, Poland (AP) — Poland’s president has met the CEO of U.S. manufacturer Lockheed Martin about strengthening security in the region and continued U.S. investment in Poland’s military weapons and equipment, the country's National Security Bureau said Wednesday. The bureau in a post on X, formerly Twitter, said the talks between President Andrzej Duda and Jim Taiclet included “securing the participation of Poland's defense sector" in deliveries and maintenance of U.S. weapons such as jet fighters, Javelin missiles and elements of the High-Mobility Artillery Rocket System (HIMARS). Lockheed Martin makes Javelins, HIMARS and some jet fighters. More than 10,000 U.S. troops are stationed in Poland, on NATO's eastern flank, mostly in the Rzeszow region near the border with Ukraine during Russia's full-scale invasion there. This material may not be published, broadcast, rewritten or redistributed.
Persons: , Lockheed Martin, Andrzej Duda, Jim Taiclet Organizations: National Security Bureau, Javelin, - Mobility, Lockheed, Associated Press Locations: WARSAW, Poland, U.S, Rzeszow, Ukraine, Russia's
The concern around continuing arms exports to Israel comes after the International Court of Justice (ICJ) last month ordered Israel to “take all measures” to comply with international laws on genocide. “In the government’s view, the distribution of American F-35 parts is not unlawful. Dutch Prime Minister Mark Rutte met Israeli cabinet minister Benny Gantz at the Knesset in Jerusalem, February 12, 2024. Meanwhile, Italian Foreign Minister Antonio Tajani told local media in late January that Italy had stopped all arms shipments to Israel since October 7. Spanish Foreign Minister Jose Albares too said in late January that his country had also halted arms sales to Israel in October.
Persons: , Josep Borrell, ” Borrell, Mike Johnson, Joe Biden, Benjamin Netanyahu, Biden, Mark Rutte, Benny Gantz, Gantz, Abir, Justin Bronk, ” Bronk, Bronk, Lockheed Martin, , , ’ ”, Antonio Tajani, Jose Albares Organizations: CNN, United States Senate, Israel, Monday, Oxfam, Hague, International Court of Justice, Israeli, Hamas, US, Stockholm International Peace Research Institute, State, Dutch, Royal United Services Institute, Israeli Air Forces, Lockheed, Netherlands Air Force, Pagella, Spanish, El, Amnesty International Locations: Israel, Gaza, Netherlands, Belgium, Brussels, Ukraine, Stockholm, Dutch, Jerusalem, Abir Sultan, Israeli, London, Lebanon, Syria, Iran, Italy, Spain
Indonesia Scraps Plan to Buy Mirage Fighter Jets From Qatar
  + stars: | 2024-02-10 | by ( Feb. | At P.M. | ) www.usnews.com   time to read: +1 min
JAKARTA (Reuters) - Indonesia has ditched a controversial plan to buy 733 million euros ($790 million) worth of Mirage 2000-5 fighter jets previously used by Qatar, the defence ministry spokesperson said late on Saturday. "There is no purchase of Mirage jets. Last month, the ministry said the deal to purchase the 12 fighter jets was delayed due to fiscal constraints and that the military would order a retrofit for its existing Sukhoi and F-16 aircraft instead. The planned purchase garnered controversy when it was announced last year, as lawmakers said the secondhand jets were old. Prabowo has overseen the military's efforts to modernise its ageing fleet, which include purchases of Rafale fighter jets, drones from Turkish Aerospace and fighter jets and transport helicopters from U.S. companies Boeing and Lockheed Martin.
Persons: Dahnil Anzar Simanjuntak, Prabowo Subianto, Prabowo, Lockheed Martin, Ananda Teresia, Gayatri Suroyo Organizations: Mirage, Defence, Rafale, Turkish Aerospace, Boeing, Lockheed Locations: JAKARTA, Indonesia, Qatar, Israel, Gaza, U.S
CNN —Ford says it has a top-secret, high-powered team working to design its future electric vehicles. Electric vehicle sales increased by 40% in the fourth quarter of 2023 compared to the same period in 2022, according to Cox Automotive. In a study released late last year by S&P Global Mobility, almost half of people surveyed globally thought EV prices were too high. “We developed a super-talented ‘Skunk Works’ team to create a low-cost EV platform,” Farley said. By dubbing its own operation as a “Skunk Works” team, Ford is seeking to put the scale of the matter front-and-center.
Persons: CNN — Ford, , Yanina Mills, Ford, Jim Farley, ” Farley, Tesla Farley, Tesla, Farley, Alan Clarke, EVs Farley Organizations: CNN, Tesla, Audi, Mercedes, Ford, Cox Automotive, P Global Mobility, United Auto Workers, Skunk, Lockheed, Skunk Works, Reuters, Works, Hyundai, Ford Pro, EV, EVS Locations: China, Asia, Europe
Super Bowl Ads Ditch Politics for Celebs, Taylor Swift and AI
  + stars: | 2024-02-08 | by ( Feb. | At A.M. | ) www.usnews.com   time to read: +4 min
By Sheila Dang(Reuters) - Fans can expect celebrities and more lighthearted commercials, along with glimpses of Taylor Swift, during the Super Bowl on Sunday, as corporate advertisers avoid the recent practice of using the big game to promote social causes. While high-priced Super Bowl commercials often play for laughs in trying to make an impression, the flashy productions can also reflect the national mood. Budweiser in 2017 used the Super Bowl to depict Anheuser-Busch's founder making the journey from Germany to America in 1857, encountering xenophobia and discrimination along the way. NONPROFITS GET IN ON THE GAMEWhile corporations may steer clear of potentially divisive issues, at least two nonprofits have announced Super Bowl ads. People for the Ethical Treatment of Animals (PETA) will air a tense anti-cheese commercial featuring actress Edie Falco and a mother cow in distress.
Persons: Sheila Dang, Taylor Swift, , Kim Whitler, Lionel Messi, Swift, Travis Kelce, Charles R, Taylor, “ It's, ” Taylor, Bud Light, Light Genie, Dana White, Hall, Peyton Manning, Todd Allen, Whitler, ” Whitler, Robert Kraft, Clarence B, Jones, Martin Luther King Jr, Edie Falco, Bill Berkrot Organizations: University of Virginia’s Darden School of Business, Procter & Gamble, Budweiser, Anheuser, Clydesdale, Super Bowl, NFL, San Francisco 49ers, Kansas City Chiefs, Chiefs, Villanova University School of Business, Swift, CBS, UFC, Hall of Fame, Google, Foundation, Combat, New England Patriots, Clarence, Animals, PETA Locations: Germany, America, Israel, Austin
CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. It's been widely reported over the last year that ULA parent companies Boeing and Lockheed Martin are considering offloading the rocket business. That's despite the successful debut of ULA's Vulcan rocket in early January, which I assumed would galvanize a sale. In the meantime, I've been curious to understand how ULA's sale is likely to play out. Boeing and Lockheed Martin are, and have been, looking to sell the rocket business for some time.
Persons: CNBC's Michael Sheetz, It's, Lockheed Martin, ULA, Tory Bruno, Jeff Bezos, hasn't, I've, it's Organizations: Boeing, Lockheed, Origin, Textron, SpaceX, U.S ., Glenn, Vulcan Locations: ULA
It might be surprising that as geopolitical tensions and the risk of a wider regional conflict in the Middle East rise, defense stocks have been lagging on the sidelines. With defense stocks trading closer to their 52-week lows, I believe that this presents an attractive risk/reward opportunity to potentially add some of these defense stocks to your portfolio. With these types of valuations, the downside is limited, and the upside remains sizable, especially given the propensity for defense stocks to outperform during escalations of war. The biggest risk to NOC is its ability to navigate supply chain costs and budget overruns, which recently dented its recent quarter earnings. The trade The implied volatility rank on NOC is currently sitting at 23%, which indicates that options are neither cheap nor expensive.
Persons: Lockheed Martin Organizations: Northrop Grumman, Lockheed
Turkey's Drone Maker Baykar Begins to Build Plant in Ukraine
  + stars: | 2024-02-06 | by ( Feb. | At A.M. | ) www.usnews.com   time to read: +2 min
Baykar has said it has signed export deals for its TB2 drone with 30 countries. These include Ukraine, Ethiopia, Libya and Azerbaijan since 2018, according to think tank SIPRI. Bayraktar also said the Istanbul-based firm's plans to start production in Saudi Arabia in the next two years were on track. The announcement follows an agreement in July to sell the Bayraktar Akinci, another kind of drone, to Saudi Arabia in what Baykar described as the biggest defence contract in Turkey's history. It also aims to produce the new models of the Kızılelma and the TB3 drones "in the tens," he added.
Persons: Pesha Magid, Baykar, Haluk Bayraktar, Bayraktar, Lockheed Martin, Federico Maccioni, Alexandra Hudson Organizations: Reuters, World Defense, U.S, Lockheed, Saudi Locations: Pesha, Pesha Magid RIYADH, Turkish, Kyiv, Ukraine, Ethiopia, Libya, Azerbaijan, Riyadh, Israel, Gaza, Ukrainian, Istanbul, Saudi Arabia
Ava DuVernay's new film "Origin" is loosely based on Isabel Wilkerson's nonfiction book "Caste." DuVernay told BI that she sought to "humanize" Martin in the film, and obtained his mother's blessing. AdvertisementAva DuVernay's newest film "Origin" is a movie that's as ambitious as its acclaimed source material. Before moving forward with any plans to depict Martin in the film, DuVernay contacted his mother, Sybrina Fulton, for consent. "By speaking to what was shown, you humanize him," she told BI.
Persons: Ava DuVernay's, Isabel Wilkerson's, DuVernay, Martin, , Aunjanue Ellis, Taylor, Wilkerson, Martin wasn't, Sybrina Fulton, humanize Martin, Fulton Organizations: Service, Business Locations: Nazi Germany, India, Sanford , Florida, Los Angeles
US Air Force fighter jets recently took part in the Red Flag air combat exercise. These scenarios are meant to prepare pilots for threats tougher even than what pilots are facing in Ukraine. AdvertisementThis year's event involved airmen from the 421st Fighter Squadron and 421st Fighter Generation Squadron, as well as over a dozen F-35A Lightning IIs from Utah's Hill Air Force Base. A Royal Australian Air Force F-35A lands at Nellis Air Force Base, Nevada, Jan. 10, 2024 in preparation for Red Flag-Nellis 24-1. AdvertisementAn F-15E Strike Eagle assigned to Seymour Johnson Air Force Base, South Carolina, taxis prior to take off for a for Red Flag-Nellis 24-1 mission at Nellis Air Force Base, Nevada, Jan. 17.
Persons: , William R, Lewis, Nathan Heguy, Heguy, we're, Lockheed Martin, haven't, Bryan Butler Organizations: US Air Force, Flag, Service, Nellis Air Force Base, 388th Fighter Wing, 421st Fighter Squadron, 421st Fighter Generation Squadron, Utah's Hill Air Force Base, 3rd, Joint Base Elmendorf, Nellis, Nevada, Air Force, Royal Australian Air Force, NATO, Seymour Johnson Air Force Base, Lockheed Locations: Ukraine, Nevada, Utah , Nevada, California, Richardson , Alaska, Russian, Red Flag, Russia, Flag, China, Washington, South Carolina
It has also opened the door for new technology when it comes to on-ice protection from skate blades. BETTER PROTECTIONGianfranco Talarico started the company after watching a youth player get sliced in the thigh by a skate blade, just missing a femoral artery. Talarico has many times since cited research that found lacerations — often to the face, presumably from sticks as well as skates — to be a leading cause of emergency room visits among ice hockey players in the U.S. from 1990-2006. The death of Connecticut high school player Teddy Balkind from a skate cut to the neck in 2022 brought the conversation back to the forefront. The International Ice Hockey Federation announced in December it will mandate neck guards at all levels of tournaments it runs.
Persons: Adam Fantilli, Fantilli, Michael Stuart, Clint Malarchuk, Richard Zednik, Philadelphia's Claude Giroux, Carlo Colaiacovo, Ron Hextall, that’s, , Colaiacovo, Gianfranco Talarico, ” Talarico, , Teddy Balkind, Johnson, Oshie, Ed Kinnaly, Carter Hogg, Charles Popkin, Andrew Saleh, Popkin, it’s, Bill Shaffer, Luke, Shaffer, Martin, Nick Meldrum, Meldrum Organizations: Columbus Blue Jackets, USA Hockey, Daredevil Hockey, , ” Hockey Canada, NHL, Pittsburgh, Hockey, Bauer Hockey, American Hockey, San Diego Gulls, Conicity Technologies, Associated Press, Toronto Maple Leafs, Denver University , Michigan State, Penn State, Denver, Ice Hockey Federation Locations: U.S, Connecticut, Washington, balaclava, Pittsburgh,
By Fabian HamacherPINGTUNG, Taiwan (Reuters) - Taiwan's air force showed off its armed-to-the-teeth submarine hunters and early warning and control aircraft on Tuesday, demonstrating how it keeps watch on the skies and waters around the Chinese-claimed island. Taiwan's air force, dwarfed by China's but well-armed with mostly U.S. equipment, has been at the front lines of responding to these missions and regularly scrambles to shadow and warn away Chinese aircraft and ships. On a defence ministry-organised media visit to the Pingtung air base in southern Taiwan, the air force displayed its Lockheed Martin P-3C Orion anti-submarine aircraft and Northrop Grumman-built E-2K Hawkeye early warning and control aircraft. The air force also conducted flybys with one of their E-2K Hawkeye aircraft. Taiwan has reported Chinese warships and warplanes frequently passing through the Bashi Channel.
Persons: Fabian Hamacher PINGTUNG, Lockheed Martin, Crews, Tsai Tsung, Fabian Hamacher, Ben Blanchard, William Maclean Organizations: Lockheed, Northrop Grumman, U.S . Navy, Hawkeye Locations: Taiwan, China, Taipei, Philippines, Pacific . Taiwan
Turkey Moving Swiftly Toward Final Step on Sweden's NATO Bid
  + stars: | 2024-01-26 | by ( Jan. | At A.M. | ) www.usnews.com   time to read: +1 min
ISTANBUL (Reuters) - Turkey is expected to send the final instrument of ratification for Sweden's NATO membership to Washington within days, now that President Tayyip Erdogan signed it off, in a move Ankara hopes will clear the way to its purchase of U.S. F-16 fighter jets. A source familiar with the issue said the document could be deposited as early as Friday, marking the last step in a process that began in 2022. After 20 months of delay, Turkey moved rapidly this week to ratify the Swedish bid, with parliamentary ratification coming on Tuesday and President Tayyip Erdogan signing off on the approval on Thursday. As per formal NATO rules, the final document in the process - the instrument of ratification - needs to be deposited in the U.S. State Department archives in Washington. Both Erdogan and members of the U.S. Congress had previously linked Ankara's final approval of Sweden to the $20 billion sale of Lockheed Martin F-16s and modernization kits to Turkey.
Persons: Tayyip Erdogan, Erdogan, Lockheed Martin, Joe Biden, Jonathan Spicer, Tomasz Janowski Organizations: NATO, U.S, U.S . State Department, U.S . Congress, Lockheed, Turkish, Reuters, Congress, State Department Locations: ISTANBUL, Turkey, Washington, Ankara, Hungary, Sweden, NATO, Ambassador
Lockheed Martin to cut 1% of its jobs in cost-cutting push
  + stars: | 2024-01-26 | by ( ) www.cnbc.com   time to read: +1 min
Lockheed Martin's Tranche 0 Transport Layer satellites are seen in one of the company's processing facilities. Lockheed Martin will cut 1% of its jobs over the course of the year in a bid to cut costs and streamline operations, a company spokesperson said on Friday. The cost reductions will aid the company in transforming its operations digitally. "We're driving cost reduction in our direct cost base through supply chain optimization, factory productivity and also on 1LMX-driven efficiencies," Lockheed Martin CFO Jay Malave said in the company's post-earnings conference call on Tuesday. Lockheed on Tuesday forecast its 2024 profit below Wall Street expectations, citing supply chain disruptions in its largest aeronautics segment which makes F-35 jets.
Persons: Lockheed Martin's, Lockheed Martin, Jay Malave, 1LMX Organizations: Lockheed Locations: Maryland, China, Philippines, Russia, Ukraine
CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. But, when Lockheed Martin and Northrop Grumman both reported 2023 results this week, it was a different story. For both companies, space was the top segment for sales growth in 2023 — by a wide margin. You'd think with such strong results, space would be a highlight of quarterly earnings calls. But for both Lockheed and Northrop, executives and analysts still only mentioned space in passing.
Persons: CNBC's Michael Sheetz, Lockheed Martin, Northrop Grumman, Northrop, Morgan Brennan, Jay Malave, It's, it's, We've Organizations: Lockheed, Northrop, Vulcan, Boeing Locations: ULA
The defense’s questions were effectively pre-cleared by the judge, as Trump was not allowed to re-litigate the verdict from last year. Trump attorney Alina Habba first asked her client whether he stood by his testimony in a previous deposition denying Carroll’s allegations. Habba then asked, “Did you deny the allegation because Ms. Carroll made an accusation.”“That’s exactly right, yes I did.” Trump replied. Habba asked Martin whether she felt that Carroll enjoyed the attention that came with her lawsuits against Trump. In the first trial, Martin said she was having issues with Carroll at the time she sent the messages and later felt bad about it.
Persons: Joe Biden, Donald Trump, Lewis Kaplan –, Jean Carroll, Trump, Carroll, Alina Habba, , Habba, , ” Trump, ” Judge Kaplan, ” Habba, Roberta Kaplan, , Judge Kaplan shushed, Carroll Habba, Carroll’s, Carol Martin, Martin, ” Martin, “ Trump, disparages Carroll Organizations: New, New York CNN, Hampshire, Trump, Democrat, Team Trump, CNN Locations: New York, Manhattan, York
In an exclusive interview on Thursday, Ambassador Jeff Flake said that once the formal ratification document is received in Washington, the U.S. State Department will immediately send Congress notification of the F-16s sale. Turkey's parliament ratified Sweden's NATO membership bid on Tuesday, clearing a major hurdle to expanding the Western military alliance after 20 months of delay. "So I would expect as soon as that is conveyed to Washington, then congressional notification (of the F-16 sales) will happen." "The president here needs to sign it and then the instrument needs to be conveyed to Washington," he told Reuters by phone. Both Erdogan and members of the U.S. Congress had tied Turkey's backing of Sweden's NATO bid with congressional approval of the $20 billion sale of Lockheed Martin aircraft and modernization kits to Turkey.
Persons: Jonathan Spicer ISTANBUL, Tayyip Erdogan, Jeff Flake, Erdogan, Lockheed Martin, Joe Biden, Jonathan Spicer, Mark Potter Organizations: NATO, U.S, Congress, U.S . State Department, Gazette, Republican, Reuters, U.S . Congress, Lockheed Locations: U.S, Turkey, Ankara, Washington, Sweden, NATO
What happens during a sonic boomAn artist's concept shows the X-59 in flight, a design being developed by NASA and Lockheed Martin to create a faster-than-sound plane with a quieter sonic boom. NASA/Lockheed MartinA sonic boom occurs when an aircraft exceeds the speed of sound. That shock wave is what you hear as a sonic boom. A sonic boom can generate sounds of up to 110 decibels, similar to a thunderclap or explosion strong enough to shatter windows and cause tremors. The Quesst mission seeks to reduce "the loudness of a sonic boom reaching the ground to that of a gentle thump, if it is heard at all," the agency said.
Persons: Lockheed Martin, Concordes Organizations: NASA, Lockheed, Concorde Locations: France, New York, London
CNBC Daily Open: A mixed bag of earnings
  + stars: | 2024-01-24 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Brendan Mcdermid | ReutersWhat you need to know todayThe bottom lineThe latest batch of corporate earnings was a mixed bag for Wall Street. Horton fell more than 9% after the homebuilder missed Wall Street's consensus estimate for per-share earnings. Most notable was Netflix, which reported earnings after the close.
Persons: Brendan Mcdermid, Horton, Lockheed Martin, Wall, Nikki Haley, Donald Trump's, Haley, Trump, Ron DeSantis, — CNBC's Hakyung Kim Organizations: CNBC, Dow Jones, New York Stock Exchange, Reuters, Dow, Lockheed, Netflix, Republican, South Carolina Gov, GOP, Florida Gov Locations: New Hampshire
United Airlines – The airline stock popped nearly 5% a day after the company reported higher-than-expected earnings and revenue for the fourth quarter. TKO Group – Shares of TKO Group Holdings rallied 15.8% after announcing a deal to air its WWE flagship program known as "Raw" on Netflix next year. Revenue topped expectations, but earnings fell 6 cents short of analysts' expectations, per LSEG. Verizon posted $1.08 in adjusted earnings per share on $35.13 billion in revenue, while analysts surveyed by LSEG forecasted $1.07 per share in earnings and $34.64 billion of revenue. Procter & Gamble posted mixed results for its fiscal second quarter , topping earnings expectations but falling short on revenue.
Persons: Alibaba, Alibaba's, Truist, Coinbase – Coinbase, Goldman Sachs, Jefferies, Lockheed Martin, Horton –, Halliburton – Halliburton, Johnson – Johnson, Wall, Gamble, RTX, Zions Bancorporation, Yun Li, Sarah Min, Alex Harring Organizations: United Airlines –, Boeing, Max, Group, WWE, Netflix, LSEG, New York Times, Sunnova Energy, Enphase Energy, Federal Reserve, JPMorgan, Reuters, CSI China Internet, General Electric, GE, Teva Pharmaceutical, Teva Pharmaceuticals, Lockheed, Logitech –, Logitech, Barstool Sports, Johnson, Verizon –, Verizon, Procter, FactSet Locations: Alibaba –, China, fundaments
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