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Did You Know?
- Gap shares hit 52-week high on plans to close stores, focus on e-commerce and off-mall retailon October 22, 2020 at 8:05 pm
Gap Inc. shares rose nearly 14% Thursday after the retailer revealed to shrink its store footprint by about 350 stores and switch to a business model that's driven by e-commerce and off-mall locations.
- Airlines experiment with new routes in 'game of musical chairs' to stem billions in pandemic losseson October 22, 2020 at 7:37 pm
Airlines are reshaping their networks to capitalize on once-congested airports quieted by the pandemic.
- Southwest Airlines posts biggest-ever loss as coronavirus slams demandon October 22, 2020 at 7:24 pm
Despite its biggest loss ever, Southwest Airlines was able to cut its cash burn.
- Why Joe Biden's presidential debate prep may include artisan ice creamon October 22, 2020 at 7:02 pm
Jeni Britton Baeur failed in in her first ice cream venture before hitting it big with Jeni's Splendid and winning fans like Joe Biden. And like a politician seeking votes, she learned a valuable lesson about how people make decisions.
- Morgan Stanley expects SpaceX will be a $100 billion company thanks to Starlink and Starshipon October 22, 2020 at 6:25 pm
Morgan Stanley doubled its long-term valuation estimate for Elon Musk's SpaceX on Thursday to more than $100 billion.
- Warner Bros. says 'Tenet' wasn't a 'home run,' 'not optimistic' about movie theaters reboundingon October 22, 2020 at 6:18 pm
The coronavirus pandemic has not been easy to navigate for studios or movie theaters. AT&T chief John Stankey said he foresees a "choppy" recovery ahead for the film industry, one that might force WarnerMedia to devise new ways of releasing its content.
- Why Tesla's 20-million electric vehicle goal could next take Elon Musk to Indiaon October 22, 2020 at 6:11 pm
As Tesla ramps electric vehicle production in China and constructs a new auto factory in Germany, Elon Musk envisions 20-million EVs from the company. Getting there could mean going to India next.
- Stocks making the biggest movers midday: Las Vegas Sands, Southwest, GM, Discover & moreon October 22, 2020 at 4:26 pm
Take a look at the stocks making the biggest moves midday.
- Southwest CEO: It may be 10 years before business travel returns so we're focusing on leisure flierson October 22, 2020 at 4:20 pm
"I do think there is a need for business people to travel and I think that that will get back to 'normal' at some point. I'll bet you it's a long time from now," Southwest CEO Gary Kelly told CNBC.
- Kevin O'Leary says give stimulus to the people who need it, not 'zombie companies'on October 22, 2020 at 3:14 pm
"Let them go bankrupt," O'Leary said of airlines, whose industry is expected to burn $77 billion in cash in the second half of 2020.
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