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NFL defensive great Michael Strahan to be next space tourist

“Good Morning America” co-host Michael Strahan is going to space next month. Strahan, who turned 50 on Sunday, will join Laura Shepard Churchley, the eldest daughter of astronaut Al...

Home Depot sales continue to surge in hot housing market

Home Depot's sales continued to climb through third quarter with the U.S. housing market red hot. Revenue rose 9.8% to $36.82 billion, exceeding the $34.97 billion Wall Street had e...

GE to end its run as a conglomerate, split into 3 companies

General Electric, the storied American manufacturer that struggled under its own weight after growing to become a sprawling conglomerate, will divide itself into three public companies focused on avia...

Profitable Exxon, Chevron emerge as global economy rebounds

Exxon Mobil reversed the losses it suffered last year during the pandemic with a $6.75 billion third quarter profit as demand pushes the price for a barrel of crude past $80 for the first time in year...

Resurgent demand drives Caterpillar sales in third quarter

Bustling construction sites, active drilling for energy and re-engagement in mines and other heavy industries doubled third quarter profits at Caterpillar and drove sales up 25% as the global economy ...

Warmer welcome for WeWork 2 years later on Wall Street

WeWork will become a publicly traded company Thursday after a spectacular collapse during its first attempt to do so two years ago. WeWork is emerging more than a year into a pandem...

GM, GE look to develop rare earth materials supply chain

General Motors and General Electric are looking at developing a supply chain of rare earth materials that help make electric vehicles and renewable energy equipment. The companies sa...

Facebook puts Instagram for kids on hold after pushback

Facebook is putting a hold on the development of a kids' version of Instagram, geared toward children under 13, to address concerns that have been raised about the vulnerability of younger users. ...

DraftKings makes $22.4 billion bid for UK's Entain

The British betting company Entain has confirmed a takeover bid worth about $22.4 billion (16.4 billion pounds) from DraftKings as online gambling companies seek inroads into physical betting sites an...

Kroger, Instacart team on new 30-minute delivery service

Kroger is teaming up with Instacart on a new delivery service that can get grocery items to customers in as little as 30 minutes. The announcement comes at a time when many people ar...

Americans are spending again and American Express is booming

NEW YORK (AP) — Spending at restaurants, shops and entertainment venues has come back in force as vaccines become more common and it fueled a revenue surge at American Express during the second quarte...

Robinhood sees valuation of up to $35 billion as public co.

Robinhood, the online brokerage that found itself embroiled in this year's meme stock phenomenon, will go public next week seeking a market valuation of up to $35 billion. The compa...

Pershing Square SPAC exits Universal Music deal

Billionaire Bill Ackman is walking away from a deal announced last month that would have given him a 10% stake in Universal Music Group, the label that is home to Taylor Swift, Billie Eilish, Lady Gag...

ConAgra raising prices to help offset rising costs

ConAgra is cutting its fiscal 2022 outlook due to rising costs, which the food company will try to offset by boosting prices. ConAgra, whose brands include Duncan Hines, Slim Jim an...

Glazed over: Krispy Kreme rises 23.5% in Wall Street return

Investors, it turns out, were in the mood for donuts. Shares of the Krispy Kreme chain returned to Wall Street and rose 23.5% Thursday, despite getting off to a bit of a lackluster s...