Stock markets

Intuitive Machines' Nova-C lander "Odysseus" deploys from the upper stage of SpaceX's Falcon 9 rocket to begin the IM-1 mission.NASA TVShares of Intuitive Machines jumped for a second consecutive day after the company issued an update that said its moon lander mission "is in excellent health."The Texas-based lunar company launched its inaugural cargo mission, known as IM-1, on a SpaceX rocket early Thursday morning. In an update Thursday evening, Intuitive wrote that the lander was turned on and its batteries had been…

Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on Sept. 13, 2016.Heidi Gutman | CNBCActivist investor Carl Icahn on Monday reported a nearly 10% stake in JetBlue Airways, saying the airline stock is undervalued. Shares of JetBlue spiked more than 15% in extended trading.Icahn amassed the stake in a series of purchases in January and February, according to regulatory filings. He has had plans to continue discussions with the company "regarding the possibility of board representation,"…

A sign is pictured above a branch of the New York Community Bank in Yonkers, New York, U.S., January 31, 2024. Mike Segar | ReutersNew York Community Bank's shares continued their downward spiral Wednesday after Moody's Investors Service cut the firm's credit rating two notches to junk status.NYCB shares fell about 3%, trimming earlier losses of around 10%, in premarket trading. That followed a 22% decline Tuesday.The regional bank has been in freefall since reporting a surprise loss last week, along with mounting losses…

Chinese automaker BYD had one of the biggest stands at the IAA show in Munich, Germany in 2023.Arjun Kharpal | CNBCBEIJING — Competition for China's electric car market will continue to heat up in the next two to three years, according BYD, which claimed it wants to work with Tesla to grow the market.Chinese battery and electric car maker BYD has grown rapidly in recent years, with total vehicle production in 2023 surpassing that of Elon Musk's Tesla.Fierce competition in China's electric car market in the last two years…

FanDuel-parent Flutter lists on the New York Stock Exchange Monday, offering U.S. investors an alternative to the biggest pure play in sports betting, DraftKings.It's a secondary listing for the international sportsbook, which will retain its primary listing on the London Stock Exchange and included in the FTSE 100 index.But Flutter's most important market for revenue and growth is the United States, where FanDuel is the market share leader. In the fourth quarter, FanDuel had 43% market share based on gross revenue and…

The front seats of the Aito M9 SUV can be adjusted to create reclining chairs for the second row. Passengers can watch a movie on the roll-down projector screen while storing drinks in a refrigerator compartment.CNBC | Evelyn ChengBEIJING — Hot competition in China's electric car market is pushing local automakers to sell vehicles with fancy tech that Tesla doesn't yet offer in the country — and sometimes at lower prices.No longer are companies competing primarily on driving range. Instead, as they reveal new models at a…

Boeing 787-10 Dreamliner, from United Airlines company, taking off from Barcelona airport, in Barcelona on 28th March 2023. JanValls | Nurphoto | Getty ImagesUnited Airlines shares rose about 4% Tuesday after the company reported higher-than-expected earnings and revenue for the fourth quarter.The carrier hit its full-year adjusted earnings target of between $10 and $12 a share in 2023 and said bookings so far in 2024 have been solid.The report kicks off a busy week of airline earnings reports, with quarterly updates from…

Spirit and JetBlue planes at Fort Lauderdale-Hollywood International Airport (FLL) in Fort Lauderdale, Florida, US, on Wednesday, Nov. 1, 2023. Eva Marie Uzcategui | Bloomberg | Getty ImagesSpirit Airlines shares jumped about 10% Monday after the budget carrier and JetBlue said after the market closed on Friday they would appeal a federal judge's ruling blocking the airlines' planned merger on antitrust grounds."Our merger agreement with Spirit remains in effect and we still have obligations under the agreement...This is…

JetBlue Airways planes are seen near Spirit Airlines planes at the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on May 16, 2022.Joe Raedle | Getty Images News | Getty ImagesShares of Spirit Airlines fell about 23% Wednesday, its second day of double-digit losses, after a judge blocked its proposed merger with JetBlue Airways.Spirit is down roughly 60% since the decision blocking its $3.8 billion acquisition by JetBlue was handed down Tuesday, citing reduced competition. The combination…

Hi, this is Pranav Mukul in New Delhi. On Friday, the 30-stock benchmark index BSE Sensex ended at a fresh all-time high of 72,568 points. In the broader buoyancy of the stock markets, shares of new-age companies Zomato, Nykaa, Honasa Consumer, Paytm, Delhivery and PB Fintech also rose through the week.Of these, Zomato, Nykaa and Honasa Consumer (parent company of beauty and personal care brand Mamaearth), hit new 52-week highs. While market participants pointed to increased liquidity and favourable technical factors as…