Inflation Reduction Act EV tax credits could hurt sales

Inflation Reduction Act EV tax credits could hurt sales

Tesla cars charge next to a traditional Texaco gas station on July 17, 2022 in Nephi, Utah. With more electric cars on the road, lack of charging infrastructure is becoming more of a problem for EV owners. George Frey | Getty Images Proposed tax credits of up to $7,500 for electric vehicles under the Inflation … Read more

Netflix may be missing an opportunity in horror movies

Netflix may be missing an opportunity in horror movies

A button for launching the Netflix application is seen on a remote control in this photo illustration in Warsaw, Poland on April 25, 2019. Jaap Arriens | NurPhoto | Getty Images There’s a big money question haunting Netflix. In recent years, the streamer has spent big on flashy, blockbuster-style action movies like “The Gray Man” … Read more

Varda signs NASA partnerships for space factory demo flight next year

Varda signs NASA partnerships for space factory demo flight next year

Varda co-founders Varda Space Industries Early stage Varda Space Industries has signed a pair of agreements with NASA, the company announced Friday, securing access to key technologies the company will need for the first demonstration of its space factory system. Varda’s goal is to develop a new method for manufacturing materials in space, an opportunity … Read more

Bed Bath & Beyond discontinues Wild Sage private brand as it tries to improve sales

Bed Bath & Beyond discontinues Wild Sage private brand as it tries to improve sales

A person enters a Bed Bath & Beyond store on October 01, 2021 in the Tribeca neighborhood in New York City. Michael M. Santiago | Getty Images Bed Bath & Beyond is axing one of its private labels, Wild Sage, about a year after the company made an aggressive push into exclusive brands, at the … Read more

How JetBlue’s takeover of Spirit could change air travel

How JetBlue’s takeover of Spirit could change air travel

Passengers wait in line at the Spirit Airlines check-in counter at Orlando International Airport. Paul Hennessy | LightRocket | Getty Images Spirit Airlines resigned this week and agreed to sell itself to JetBlue Airways for $3.8 billion, hours after breaking off a merger agreement with Frontier Airlines that failed to win enough shareholder support. The … Read more

Masten files for bankruptcy after NASA moon contract struggle

Masten files for bankruptcy after NASA moon contract struggle

Lunar-focused company Masten Space Systems filed for Chapter 11 bankruptcy protection on Thursday, with the venture winnowed down to a handful of people after layoffs and furloughs. The space company declared that its debts ballooned, tracing back to a NASA contract awarded to Masten two years ago. Once seen as a major win for the … Read more

Target chases bigger e-commerce profits with new delivery hubs, fleet of drivers

Target chases bigger e-commerce profits with new delivery hubs, fleet of drivers

MINNEAPOLIS — Each day, hundreds of drivers park at a delivery hub in Target’s hometown and load up the trunks of their personal cars with packages to deliver to customers. Soon, the big-box retailer will have similar centers and gig workers in three more places − two in the Greater Chicago area and one near … Read more

3 reasons why executives are leaving retailers from GameStop to Gap

3 reasons why executives are leaving retailers from GameStop to Gap

Shoppers explore a mostly empty mall in Columbus, Ohio. Matthew Hatcher | Getty Images Don’t expect the stream of departures from retailers ’C-suites to stop anytime soon. Already this year, Gap and Bed Bath & Beyond abruptly replaced their CEOs as the companies ’sales plunged. GameStop fired its chief financial officer in the middle of … Read more

CDC approves Novavax vaccine for adults, shots available in coming weeks

CDC approves Novavax vaccine for adults, shots available in coming weeks

The Centers for Disease Control and Prevention on Tuesday signed off on Novavax’s two-dose Covid-19 vaccine as a primary series for adults, offering people who are unvaccinated a choice to receive a shot based on conventional technology in use for more than 30 years. The CDC’s committee of independent advisors voted unanimously to recommend the … Read more

Airfares cool as peak summer travel season fades. Now what?

Airfares cool as peak summer travel season fades.  Now what?

Passengers are seen at the Delta Air Lines check-in counters at Hartsfield-Jackson Atlanta International Airport ahead of the Fourth of July holiday in Atlanta, Georgia, July 1, 2022. Elijah Nouvelage | Reuters Flights, believe it or not, are getting cheaper. Airfares fell a seasonally-adjusted 1.8% from May to June, according to the latest US inflation … Read more