A rendering of the “Orbital Reef” space station in orbit. Blue Origin The Orbital Reef space station partnership between Jeff Bezos’ Blue Origin and Sierra Space is on rocky footing, CNBC has learned. The companies announced Orbital Reef as a co-led project in 2021, but updates about the project dried …

Billionaire hedge fund manager Bill Ackman believes long-term Treasury yields can shoot even higher in the short run on the back of stubborn inflation. “I would not be shocked to see 30-year rates through the 5% barrier and you could see the 10-year approach 5%,” he told CNBC’s Scott Wapner at …

After 148 days of striking, TV and film writers reached a tentative agreement with studios and streamers regarding their work contracts. Every three years, the Writers Guild of America renegotiates its entertainment writers’ contracts opposite the Alliance of Motion Picture and Television Producers, which represents studios like Warner Bros. Discovery …

BlackRock fixed income chief Rick Rieder thinks the Federal Reserve can stop raising interest rates, though it probably won’t. Investors should expect central bank officials to follow through on their stated intent to hike at least one more time before the end of the year, Rieder said Thursday during a …

This story is part of CNBC Make It’s Millennial Money series, which details how people around the world earn, spend and save their money. Jae Byun loves his job as a high school math teacher and basketball coach. And he makes six figures doing it. But he didn’t always plan to pursue …

Lisa Su, CEO of AMD. Scott Mlyn | CNBC Shares of AMD rose 5% Thursday, a day after Microsoft’s technology chief said the chipmaker is bolstering its position in artificial intelligence, where Nvidia dominates. So far this year, Nvidia shares have almost tripled while AMD is up about 60%. Since …

At some point in your life, you’ve probably set a goal. If you’re lucky, you achieved it. If you didn’t, you’re not alone: The world is littered with failed New Year’s resolutions, for example. Those failures highlight a problem with the practice of goal-setting: When you fall short of an …

Blackstone, the biggest owner of commercial real estate in the world, is placing its bets on the student housing rental market as demand surges worldwide. “Student housing is, I think where the opportunity is most specifically generating a lot of strong cash for us and our investors,” as universities seek …

October is unofficial start of holiday shopping season This year, half of shoppers plan to begin their holiday shopping by Halloween, according to a recent Bankrate report. A separate study, by RetailMeNot, found that more shoppers are starting even earlier than before — with as many as 64% kicking off the season …

BROOKLYN, NY – AUGUST 09: CEO of Epic Games Tim Sweeney speaks onstage during Samsung Unpacked New York City at Barclays Center on August 9, 2018 in Brooklyn City.  Mike Coppola | Getty Images Entertainment | Getty Images Epic Games on Thursday said it’s laying off 16% of its workforce, …