Rafael Henrique | Lightrocket | Getty Images Activist investor Carl Icahn on Thursday won enough support from Illumina shareholders to install one of his three nominees to the biotech company’s board of directors.  Shareholders also ousted board chairman John Thompson. An Illumina spokesperson said a new board chair will be …

Ford CEO Jim Farley at a battery lab for the automaker in suburban Detroit, announcing a new $3.5 billion EV battery plant in the state to produce lithium iron phosphate batteries, Feb. 13, 2023. Michael Wayland/CNBC DETROIT — Ford Motor’s largest competition in electric vehicles isn’t U.S. leader Tesla or …

WASHINGTON — A stark new warning from the Fitch credit rating agency about U.S. debt added fresh urgency Thursday to ongoing debt ceiling negotiations between the White House and congressional Republicans, with only seven days to go before the United States faces an imminent threat of debt default. Fitch Ratings, …

Cargo ships dock at the container terminal in Lianyungang Port, East China’s Jiangsu province, Dec 7, 2022. CFOTO | Future Publishing | Getty Images The Covid hangover of inventories continues to be a big headache for retailers and the logistics companies which make money moving their products. As peak retail …

Microsoft president Brad Smith takes part in a roundtable discussion with US President Donald Trump and industry executives on reopening the country, in the State Dining Room of the White House in Washington, DC on May 29, 2020. Mandel Ngan | AFP | Getty Images Microsoft laid out five principles …

Shares of Dollar Tree plunged nearly 15% in early trading Thursday after the company fell short of Wall Street’s earnings expectations for the most recent quarter and slashed its profit outlook for the full year. Here’s how the discounter did in its fiscal first quarter compared with what Wall Street …

Aircraft VMS EVE carries with spacecraft VSS Unity during a flight test. Virgin Galactic Virgin Galactic is preparing to launch its first spaceflight in nearly two years on Thursday, as the space tourism company aims to pass a final test before flying commercial passengers. Called Unity 25, the mission represents …

Nvidia headquarters in Santa Clara, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images With its breathtaking surge Thursday, Nvidia could soon land a spot in the most elite Wall Street club, practically overnight. The chipmaker saw its shares surge 29% Thursday morning in premarket …

The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Nvidia | via Reuters Check out the companies making the biggest moves in premarket trading Thursday: Nvidia — Shares soared 28% after the chipmaker reported blockbuster earnings. Nvidia said it expected a …

Televisions are seen for sale at a Best Buy store in New York City. Andrew Kelly | Reuters Best Buy on Thursday topped Wall Street’s quarterly earnings expectations, but its sales missed estimates and it reiterated expectations for weaker spending on consumer electronics this year. Shares rose more than 5% in premarket trading. …