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An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023. Rocket Lab is making steady progress on the development of its Neutron vehicle, as the company reported fourth-quarter results that saw its contract backlog soar above $1 billion. Year over year, Rocket Lab's fourth-quarter net loss widened by about 36% as the company continues to spend heavily to create its Neutron rocket. Shares of Rocket Lab slipped 5% in after-hours trading from its close at $4.71. Rocket Lab forecast first-quarter revenue between $92 million and $98 million.
Persons: Peter Beck Organizations: Revenue, LSEG, Space Development Agency, Rocket Locations: New Zealand
Space startup Varda received long-awaited approval from the Federal Aviation Administration to bring its first spacecraft back to earth after a stint manufacturing drugs in space. Varda's small W-Series 1 capsule, or W-1, has been stuck in orbit since it launched eight months ago. The FAA's approval means Varda will try to land the W-1 mission on Feb. 21. The W-1 mission is a demonstration of the company's automated in-space manufacturing process. The company previously said it expects to return a few kilograms of manufactured material on the W-1 mission.
Persons: Varda Organizations: Federal Aviation Administration, Air Force's Utah, FAA Locations: Utah, United States
Some people say they use recordings of random Zoom meetings they found on YouTube to look busy. "This meeting has been of more use to me than any other meeting at work," read one YouTube comment. AdvertisementPeople trying to dodge work and avoid small talk have been turning to an unlikely tool — pretending to be in a meeting by playing Zoom recordings they found on YouTube. In 2020 and 2021, organizations like the software company GitLab and the City of Santa Fe uploaded videos of their Zoom meetings on YouTube. Students are also using Zoom recordings of online classes to escape their parents.
Persons: , could've, It's, Patrick Eagan Organizations: YouTube, Service, City of, BI, Santa Fe, Thomas More College Locations: City, City of Santa Fe, Santa
Rocket Lab — The stock rose around 1% after Citi reinstated coverage with a buy rating. Lowe's — The home improvement retailer added 1.7% after JPMorgan raised its rating on shares to overweight from neutral. Urban Outfitters — Shares rose more than 2% after an upgrade from UBS ahead of the retailer's fourth-quarter earnings release slated for this month. On Monday, Bank of America Securities reiterated a neutral rating on the stock, but noted leadership has "the playbook to turn things around." Marqeta — Shares of the card issuing technology company rose 6.5% premarket after a Bank of America upgrade to buy from neutral on Monday.
Persons: Hershey, Morgan Stanley, Jason Gursky, Piper Sandler, Lowe's, XPO, BofA, CNBC's Michelle Fox, Sarah Min, Tanaya Macheel Organizations: Citi, Space Development Agency, U.S ., Teva Pharmaceutical Industries, JPMorgan, Federal Reserve, UBS, Barclays, New York Community Bancorp, Bank of America Securities, Bank of America
Tokyo, Japan CNN —When art collective teamLab opened its flagship Tokyo venue, teamLab Borderless, in 2018, the group wanted it to fundamentally change the way we perceive and think about modern art. teamLab Borderless TokyoSo, it’s perhaps no surprise that a significant amount of hype surrounds the grand return of Borderless, which reopens this week in an upmarket new high-rise in Tokyo’s Azabudai district. teamLab Borderless TokyoKudo’s rhetorical style is circuitous, which is apt in a venue that eschews a linear approach to museum design. teamLab Borderless TokyoWandering around Borderless is more like “shinrin-yoku,” the Japanese art of forest bathing, whereby you let your body react to its environment so that it subconsciously directs your movements. teamLab Borderless TokyoThere may be no centerpiece at Borderless, but when another teamLab member, Sakurako Naka, opened a curtain to the new “Light Sculpture” series, she said the collective is “super excited” about this one.
Persons: teamLab Borderless, Takashi Kudo, , , , teamLab, motioning, There’s, Sakurako, Kudo Organizations: Japan CNN, Google, CNN Locations: Tokyo, Japan, Beijing, Melbourne , New York, London, Singapore, Taipei, Tokyo’s Azabudai district, ichi, Sakurako Naka
Volkswagen, like other car giants, are pushing heavily into AI to boost their technology credentials and make their cars smarter. German automaker Volkswagen has established its own artificial intelligence lab, the company said Wednesday, reflecting growing ambitions from the car industry to adopt the buzzy technology. In a press release, Volkswagen said its new AI lab will serve as a "globally networked competence center and incubator" to produce proofs of concept in the field of the tech surrounding automotive innovations. AI labs are research and development hubs for exploring artificial intelligence breakthroughs. Volkswagen claimed it would bring its lab's AI innovations to its own vehicles to make them smarter.
Persons: Google's, Oliver Blume Organizations: Volkswagen, Microsoft, Volkswagen Group, Porsche AG, Benz
An artist's rendering of the Starlab space station in low Earth orbit. Private station Starlab will fly on a Starship rocket later this decade to get to orbit, the companies' developing both spacecraft announced on Wednesday. Starlab represents one of the earliest commercial customers to order a Starship launch from SpaceX. The station is one of several currently in development by U.S. companies, as NASA prepares to retire the International Space Station in 2030. The space station's four-year development and construction timeline also gives SpaceX time to move forward with Starship, advancing from demonstration flights to launching customer spacecraft.
Persons: Starlab, Hilton – Organizations: Voyager Space, Airbus, Northrop Grumman, SpaceX, NASA, Space Station, Voyager Locations: U.S
GitLab stock jumped as much as 18% in extended trading on Monday after the developer-tools software maker announced fiscal third-quarter results and quarterly guidance that impressed Wall Street. Here's how the company did, compared with consensus of estimates among analysts polled by LSEG, formerly known as Refinitiv:Earnings: 9 cents per share, adjusted, vs. loss of 1 cent per share expected. 9 cents per share, adjusted, vs. loss of 1 cent per share expected. Revenue: $149.7 million, vs. $141.5 million expected. Excluding the after-hours move, GitLab stock is up 16% so far this year, while the S&P 500 stock index has gained 19% over the same period.
Persons: Wall, GitLab, Brian Robins, Sid Sijbrandij, GitLab's, Robins, Sijbrandij, LSEG Organizations: LSEG, Revenue, Microsoft, Amazon Web Services, AWS
Jefferies upgrades Pinterest and Snap to buy from hold Jefferies sees growth upside in 2024 for both stocks. " Wolfe upgrades Ally Financial to outperform from peer perform Wolfe said in its upgrade of the financial company that it's well-positioned. "In an environment where the probability of a mild recession or soft landing both appear plausible, we believe ALLY is well positioned to outperform in either scenario and upgrade shares to Outperform." "We continue to believe that Salesforce is on track to become the next quality [growth at a reasonable price] stock." Goldman Sachs reiterates Snowflake as buy Goldman Sachs stood by its buy rating on Snowflake after earnings on Wednesday.
Persons: Berenberg, Eli Lilly, Lilly, Wells, BTIG, Jefferies, Bernstein, Burger, Wolfe, TD Cowen downgrades Okta, Cowen, Stifel, Raymond James, Morgan Stanley, Bilibili, BILI, Baird, Pat Shanahan, Wells Fargo, Salesforce, Goldman Sachs, Snowflake, DUK Organizations: pharma, Nvidia, NVIDIA, Jefferies, SNAP, BK, UBS, Service Corporation, Deutsche Bank, Lattice Semiconductor, Apple, JPMorgan, Nokia, Infineon, Watch, Hewlett Packard Enterprise, Barclays, GE Healthcare, Airbus, Bank of America, Duke Energy, HSBC, Molson Coors Locations: FTCH, North America, China
Rocket Lab shares have the potential to take off, according to Bank of America. Analyst Ronald Epstein reiterated his buy rating on the space stock while shaving his price target down by $2 to $10. Epstein's new price target implies the stock could soar 134.2% from Monday's close. After investigating the September mid-flight failure of its Electron rocket, Rocket Lab is aiming to get its launch business back on track by the end of the year. The analyst's price target cut followed a reassessment of the discount rate following the Electron launch snafu.
Persons: Ronald Epstein, Epstein, Bank of America's Epstein, Epstein doesn't, CNBC's Michael Bloom, Michael Sheetz Organizations: Bank of America, Bank of, MDA Locations: Monday's
That means these Secretlab Cyber Monday deals are your chance to save big on popular high-quality products we've tested and reviewed. Several of our editors have tested it and named it a top pick in our guides to the best gaming chair and best office chair. Overall, the best Secretlab Cyber Monday deals include:To get the latest on all of the best sales, check out our guide to the best Cyber Monday deals. Keep reading below for more in-depth information on what we consider the best Secretlab Cyber Monday deals. Secretlab Titan Evo gaming chair dealSecretlab Titan Evo $519.00 $589.00 Save 12% Available in three frame sizes, the Secretlab Titan Evo is a gaming chair designed to fit people up to 6’9”.
Persons: that's, We've, it's, I've, Secretlab Magnus, Magnus Pro, Secretlab's Magnus Pro, Magnus, Sarah Saril Organizations: Evo, Titan Evo, Secretlab Magnus Pro, Secretlab's, Magnus Pro, Tech
University of Florida's Croc Docs are a team of biologists who study crocodilians and other reptiles. Mazzotti has spent the decades since studying crocodiles, alligators, and many other reptile species in Everglades National Park and beyond. The Croc Docs' work includes monitoring alligators and crocodiles to see how they are responding to Everglades restoration. University of Florida's Croc DocsOne of the Croc Docs' latest successes has been nearly eradicating invasive caimans from south Florida. Many of the species the Croc Docs deal with, like Burmese pythons, are rare and incredibly cryptic, with a very low probability of actually being spotted.
Persons: Frank Mazzotti, Doc, , hadn't, Mazzotti, feasted, He's, Elizabeth Sutton, they've, it's, William Whelpley, Analise, There's Organizations: Florida's, Service, University of Florida, Sports Illustrated, Business, University of Florida's, of Florida's, Docs Locations: Florida, Caribbean
The technological feat, using NASA's Psyche probe, broke new ground for deep space communications. AdvertisementNASA has achieved a world-first after sending a laser-beamed message to Earth from nearly 10 million miles away within 50 seconds. While the space agency has long been able to communicate with spacecraft using radio waves, it had never before been able to send information using lasers from that far into space. The feat, achieved using NASA's Deep Space Optical Communications (DSOC) experiment on board the Psyche spacecraft, could someday allow humans to stream video calls on Mars. The spacecraft then beamed back information using its laser.
Persons: , Lacey Young, Peter Rubin, Abi Biswas, Biswas, Trudy Kortes, Psyche Organizations: NASA, Service, Optical Communications, Jet Propulsion, Hale, JPL, Caltech, Arizona State Univ, Systems, ASU, Technology, Space Technology Locations: Wrightwood , California, San Diego County , California, Arizona, Palomar
The discounts include:The discount on the Titan Evo is by far the standout of this sale. Several of our editors have tested it and named it a top pick in our guides to the best gaming chair and best office chair. The Secretlab Titan Evo has become the industry standard for an ergonomic and customizable gaming chairSecretlab Titan Evo $519.00 $589.00 Save 12% Available in three frame sizes, the Secretlab Titan Evo is a gaming chair designed to fit people up to 6’9”. Read our full Secretlab Titan Evo review for all the details of what we love about this chair. Like the Titan Evo chair, the Magnus Pro desk offers tons of customization options, including a track for multiple monitor arms, app-controlled lighting, and full height adjustment up to 49.2 inches.
Persons: that's, I've, Secretlab's, Secretlab Magnus, Magnus Pro, Secretlab's Magnus Pro, Magnus, Sarah Saril Organizations: Business, Titan Evo, Secretlab's Magnus Pro, Secretlab's, Magnus Pro Locations: Secretlab
Peter Beck, chief executive officer of Rocket Lab, speaks during the US Chamber of Commerce's Global Aerospace Summit in Washington, D.C., Sept 14, 2022. Rocket Lab is pushing to get its launch business back on track by the end of the year, reporting on Wednesday third-quarter results that saw continued strength in its space systems division. Rocket Lab expects to resume Electron launches as soon as Nov. 28, with a mission for Japanese satellite imagery company iQPS. For the fourth quarter, Rocket Lab expects revenue between $65 million and $69 million, with just $16.5 million in revenue from its launch business. With its Electron launches expected to resume, Rocket Lab sees first quarter 2024 revenue climbing to between $95 million and $105 million.
Persons: Peter Beck, Beck Organizations: Rocket, US Chamber of Commerce's Global Aerospace Summit, Washington , D.C, LSEG, Revenue, Wall Street, Lab Locations: Washington ,
OpenAI is calling the customized AI apps "GPTs", which the company said are early versions of AI assistants that perform real-world tasks, such as booking flights, on behalf of a user. In addition to GPTs, OpenAI also released a slew of developer-focused updates, including significant cost slashing, an announcement met with loud cheers from the audience. For its 2 million developers, OpenAI announced a new GPT-4 Turbo model, which compared to its predecessor GPT-4 is several orders of magnitude cheaper and processes much more data. It also launched a beta program for developers to fine-tune GPT-4 models. To address the concerns of big enterprises, OpenAI launched its Custom Models program, offering to create custom GPT-4 models at an "expensive" price.
Persons: OpenAI, Sam Altman, Altman, It's, you'll, Flo Crivello, Crivello, Lindy, Satya Nadella, Krystal Hu, Anna Tong, Paul Simao, Stephen Coates Organizations: FRANCISCO, Anthropic, Google, Microsoft, Thomson Locations: San Francisco, OpenAI
An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023. Rocket Lab expects to resume launches of its Electron vehicle before the end of the year, the company announced Wednesday. The Federal Aviation Administration, which is overseeing Rocket Lab's failure investigation, authorized the company to resume Electron launches from its facility in New Zealand. Rocket Lab stock rose about 5% in after-hours trading from its close at $4.09 a share. Rocket Lab is scheduled to report third-quarter results after markets close Nov. 8.
Persons: Peter Beck Organizations: Rocket, Federal Aviation Administration, FAA, SpaceX, CNBC Locations: New Zealand
More than 100 mayors attended Bloomberg CityLab's Mayors Innovation Studio to learn about using artificial intelligence in city government. James Anderson, head of government innovation programs at Bloomberg Philanthropies, introduces mayors to the Mayors Innovation Studio on AI. The focus of Wednesday's session was primarily on how generative AI may streamline processes for cities or offer new insights to make them safer or more efficient. More than 100 mayors attended Bloomberg CityLab's Mayors Innovation Studio to learn about using artificial intelligence in city government. The event sought to give mayors a starting point for how to think about implementing generative AI into their processes.
Persons: Bloomberg Philanthropies, they're, James Anderson, Anderson, Mitch Weiss, Weiss, ChatGPT, chatbot, they've, Breda, Santiago Garces, Garces, Tim Kelly, Kelly, Andrew Ginther, Ginther, we're, Breed Organizations: Bloomberg CityLab's, Innovation, Bloomberg, Congress, Harvard Business School, Boston, CNBC, Center for Government Excellence, Johns Hopkins University, AI, San Francisco Mayor London Breed, YouTube Locations: Washington ,, Washington, Boston, New York City, York, Buenos Aires, Argentina, Chattanooga , Tennessee, Columbus , Ohio, coders, India
REGULATORY SCRUTINYWhile disinformation has spread on all major social media platforms including Facebook and TikTok, X appeared to be the most recent to draw scrutiny from regulators. On Tuesday, European Union Commissioner Thierry Breton warned Musk that X was spreading "illegal content and disinformation," according to a letter Breton posted on X. Musk himself recommended that X users follow two accounts that had previously spread false claims for "real-time" updates on the conflict, the Washington Post reported. False information has also spread on messaging app Telegram and short-form video app TikTok, said DFRLab's Trad. Like other online platforms, YouTube has moderation employees and technology to remove content that violates its rules.
Persons: Dado Ruvic, Ruslan Trad, X, Bruno Mars miscaptioned, Thierry Breton, Breton, Musk, Renee DiResta, Jack Brewster, Brewster, Tamara Kharroub, DFRLab's Trad, TikTok, Solomon Messing, there's, Messing, Kharroub, Sheila Dang, Riniki Sanyal, Deepa Babington Organizations: Twitter, REUTERS, Elon, European Union, Reuters, Atlantic, Forensic Research, Hamas, Meta, Facebook, European, EU, Stanford Internet Observatory, Washington Post, Washington, Arab Center Washington DC, New York University's Center for Social Media, YouTube, Thomson Locations: Israel, American, New, Dallas, Bangalore
MOSCOW (AP) — Coolant leaked from a backup line at the International Space Station, Russian officials said Monday, adding that there was no risk to the crew or the outpost. Russian space agency Roscosmos said that coolant leaked from an external backup radiator for Russia's new science lab. The incident follows recent coolant leaks from Russian spacecraft parked at the station. Political Cartoons View All 1205 ImagesThe lab — named Nauku, which means science — arrived at the space station in July 2021. Last December, coolant leaked from a Soyuz crew capsule docked to the station, and another similar leak from a Progress supply ship was discovered in February.
Persons: Roscosmos, ” Roscosmos, , Frank Rubio, Sergey Prokopyev, Dmitri Petelin, Jasmin Moghbeli, Loral O’Hara, Andreas Mogensen, Konstantin Borisov, Oleg Kononenko, Nikolai, Satoshi Furukawa Organizations: MOSCOW, Station, NASA, Soyuz Locations: Russia, Ukraine
Washington-based startup Stoke Space raised $100 million in new funds, the company announced Thursday, as it aims to develop a fully reusable rocket called "Nova." Stoke's latest investment round was led by Industrious Ventures – with the firm's Steve Angel, chairman of chemicals giant Linde , joining the Stoke board of directors. While a number of U.S. companies are aiming to develop reusable rockets to compete with the success of Elon Musk's SpaceX, Stoke is taking a different approach from its rivals. Stoke is developing Nova to be a "medium" class rocket that can deliver 5,000 kilograms to low Earth orbit. That puts Nova in the middle of the launch market, between Rocket Lab's "light" Electron and SpaceX's "heavy" Falcon 9 in terms of capability.
Persons: Steve Angel, fundraise, Bill Gates, Andy Lapsa, Elon, Lapsa, Nova Organizations: Stoke Space, Linde, Stoke, University of Michigan, Sparta Group, Breakthrough Energy, Point72 Ventures, MaC Ventures, Toyota Ventures, CNBC, SpaceX Locations: Washington, Stoke
Microsoft wants to break its reliance on OpenAI, per The Information. The decision is largely motivated by the cost of running advanced AI models, per the report. The company wants its in-house LLMs to be cheaper and smaller in size than OpenAI's. The decision is largely motivated by the spiraling costs of running advanced AI models, the publication said. Product teams were already working on incorporating the company's in-house AI programs into products such as Bing Chat, the people added.
Persons: , OpenAI, Bing, Microsoft hasn't Organizations: Microsoft, Service, Google, OpenAI
The Carnival Miracle cruise ship operated by Carnival Cruise Line is docked at Pier 27 in San Francisco, Sept. 30, 2022. Dell Technologies — Shares rose more than 1.2% after Daiwa Capital Markets upgraded the computer stock to outperform from market perform. The Wall Street firm hiked its price target to $80 per share from $50, implying roughly 16% upside from Monday's close. Super Micro Computer — The information technology stock added more than 2% after Barclays initiated coverage of Super Micro Computer on Tuesday with an overweight rating. The firm's $327 price target represents nearly 34% upside from Monday's close.
Persons: Truist, Deere, Cowen, shakeup, — CNBC's Michelle Fox, Hakyung Kim Organizations: Carnival Cruise, Royal Caribbean Group, Truist, Royal, Cruise Lines, Deere & Company, Starbucks, CVS Health, pharma, CVS, Dell Technologies, Daiwa, Markets, Barclays, Computer, JPMorgan Locations: San Francisco, Royal Caribbean, China
Sept 19 (Reuters) - Shares of Rocket Lab USA (RKLB.O) slumped around 26% in premarket trading on Tuesday after the space company's latest mission ended about 2-1/2 minutes following launch due to an undisclosed issue. Mission failures weigh heavily on smaller rocket companies that carry payloads for space exploration startups. Virgin Orbit, founded by billionaire Richard Branson, filed for bankruptcy in April after its rocket failed to reach orbit in January. Its Electron rocket was carrying satellites for American space tech company Capella Space, which provides radar and Earth observation technology. Rocket Lab said last week it signed a deal for four launches with defense contractor Leidos (LDOS.N), scheduled across 2024 and 2025.
Persons: Richard Branson, Leidos, Zaheer Kachwala, Devika Organizations: Lab, FAA, Federal Aviation Administration, Orbit, Capella Space, Thomson Locations: Bengaluru
Starbucks — Shares fell 2% in midday trading following a downgrade to market perform from TD Cowen. Instacart — The grocery delivery stock roared out the gates as it debuted on the public market midday Tuesday, with shares popping about 12.3% and closing at $33.70. Planet Fitness — Shares of the gym franchise slid 4.2% after JPMorgan downgraded the stock to a neutral rating from overweight. The Wall Street firm also upgraded Carnival to hold from sell, sending shares nearly 0.5% higher. Raymond James earlier upgraded Rackspace to outperform from market perform and said it likes the company management's execution.
Persons: TD Cowen, Andrew Charles, George Wang, Evercore, Chris Rondeau, Lab's, Lazard, Goldman Sachs, Raymond James, — CNBC's Brian Evans, Jesse Pound, Samantha Subin, Yun Li, Lisa Kailai Han, Michelle Fox Organizations: Starbucks, Disney, Barclays, Deere, JPMorgan, Bank of America, Truist, Technology Locations: Alhambra , California, Los Angeles, China, New Zealand
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