Business News – 06-02-2021

K Buenavista — Thu, 03 Jun 2021 07:15:55 +0000

SpaceX and Axiom Space expand their private crew launch deal

This new deal that SpaceX and Axiom Space have announced will add three more crewed flights to the ISS (International Space Station) which brings the amount of planned missions to four
Previously, Axiom Space have announced it Ax-1 mission to launch with SpaceX’s Falcon 9 rocket and Crew Dragon

As the retailer launched store brands ahead of schedule, Bed Bath & Beyond stock has risen 50%
Within the coming months, the new products will come to shelves which will be right on time for back to school shopping
As a key part of the company’s turnaround plans, store brands are a way to reel in shoppers with “exclusive items”

Rent the Runway is a Fashion rental platform where no membership will be required for customers to shop its site
Covid-19 has caused devastating effects for Rent the Runway but the company is slowly coming back
The company reports that their memberships are coming back up as women look to showy women’s clothing

12 U.S. states have now reported 70% partial vaccination with adult residents as published by Centers for Disease control and Prevention
The most recent seven-day average of U.S. Covid-19 cases is at 17,289
The reporting average in the U.S. i san average of 1.2 million vaccinations per day over this past week
The states involved in this vaccination census are: California, Hawaii, Massachusetts, Connecticut, Maine, New Jersey, Rhode Island, New Mexico, Pennsylvania, and New Hampshire

For a 30-year fixed-rate mortgage, the average rate has decreased to 3.17% from the 3.18% last week
Applications for mortgages to purchase a home have also fell 3% and were 2% lower than the same week a year ago

Tesla is now recalling 5,974 of their electric vehicles over concerns that their brake caliper bolts could be loose
This loose bolt issue could cause a potential loss in tire pressure
Vehicles that are included in this voluntary recall include select 2019-2021 Model 3 vehicles ad 2020-2021 Model Y vehicles

Today (Wednesday) President Biden reports is plans to “double down” on his administrative efforts in getting more Americans vaccinated by July 4
Biden plans to get 70% of all U.S. adults to receive at least a partial vaccination (meaning 1 dose) and 160 million adults fully vaccinated